PREMIUM RES LTD - PNRLF STOCK NEWS

Premium Resources (TSXV: PNRL) announces a corporate name change from 'Premium Nickel Resources ' to 'Premium Resources ' The change, approved at the October 29, 2024 shareholders meeting, will take effect on November 20, 2024, with a new trading symbol 'PREM'. The company's assets include the Selebi project, a nickel-copper-cobalt sulphide mine, and the Selkirk project, focusing on nickel-copper-cobalt and platinum group elements. The rebranding aims to better reflect the company's broader focus on critical metals beyond nickel. Existing share certificates remain valid under the new name.

Premium Nickel Resources (PNRL) has announced high-grade assay results from ten drill holes at its Selebi North underground mine in Botswana. Key highlights include intersections of 28.70 metres of 3.45% CuEq in SNUG-24-138 and 9.70 metres of 6.12% CuEq in SNUG-24-129. The company has completed 60,899 metres of drilling across 156 holes, with additional 30,915 meters in 71 holes not included in the Mineral Resource Estimate (MRE). BHEM surveys have been completed in 59 holes, combining infill and exploration drilling to track mineralization extension.

Premium Nickel Resources has extended the Study Phase for its Selebi Mines project to February 1, 2026, following successful completion of required work and investment milestones. The extension allows time to complete an economic study and make a US$25 million milestone payment. The company is advancing resource characterization drilling at Selebi North, expected to complete by end-2024, and preparing for underground exploration drilling at Selebi Main in 2025. The company is evaluating whether to proceed with a preliminary economic assessment or move directly to a prefeasibility study. Additionally, a mineral resource estimate for the Selkirk deposit is expected soon. Shareholders have approved changing the company name to Premium Resources

Premium Nickel Resources (TSXV: PNRL) held its Annual General and Special Meeting on October 29, 2024, where shareholders approved all proposed resolutions. Key approvals included the re-election of eight directors, appointment of MNP LLP as auditors, and a company name change to Premium Resources . Shareholders also approved the company's restricted share unit plan and previous restricted share unit grants. The board reappointed key officers, including Keith Morrison as CEO, Peter Rawlins as SVP & CFO, Timothy Moran as Corporate Secretary and CLO, and Sharon Taylor as VP Exploration. Sean Whiteford continues as President of Premium Resources International , which owns the company's Botswana mines.

Premium Nickel Resources (PNRL) has announced significant assay results from re-sampling historic drill core at its Selkirk nickel-copper-cobalt-PGE mine in Botswana. Notable findings include intersections of up to 186.25 metres of 1.65% CuEq and 35.84 metres of 4.04% CuEq. The company analyzed seventeen historic drill holes to obtain additional PGE data required for an upcoming NI 43-101 Mineral Resource Estimate. The Selkirk property comprises a 14.6 km² mining license and four prospecting licenses covering 126.7 km². The sampled holes span approximately 690 metres Northwest/Southeast and 210 metres Northeast/Southwest.

Premium Nickel Resources (PNRL) announces expansion of its Selebi North underground mine in Botswana with high-grade nickel-copper-cobalt sulphide discoveries outside the initial Mineral Resource Estimate (MRE). Key drilling results include intersections of 12.90 metres of 4.12% CuEq and 24.50 metres of 2.17% CuEq in SNUG-24-096-W1, representing the deepest intersection to date. The ongoing drilling program has completed 58,999 metres across 150 drillholes, with additional 29,015 meters in 65 holes not included in the MRE. These results reinforce the open down plunge nature of the deposit and suggest significant exploration potential.

Premium Nickel Resources (TSXV: PNRL) has announced high-grade assay results from six drill holes at its Selebi North underground mine in Botswana. Highlights include:

- SNUG-24-123: 13.85 metres of 6.08% CuEq or 2.95% NiEq
- SNUG-24-131: 7.25 metres of 7.48% CuEq or 3.63% NiEq, including 1.80 metres of 10.27% CuEq or 4.99% NiEq
- SNUG-24-133: 8.20 metres of 5.41% CuEq or 2.63% NiEq

The company has drilled approximately 13,930 meters at Selebi North since the Mineral Resource Estimate cut-off date of June 30, 2024. PNRL is progressing on engineering trade-off studies to support its first NI 43-101 compliant economic model, including metallurgical workflow improvement and testing of X-ray transmission ore-sorting for underground pre-concentration.

Premium Nickel Resources (TSXV: PNRL) has entered into a five-year advisory agreement with Altitude Capital Partners Inc. to enhance its capital markets strategy and funding analysis. This engagement aims to boost PNRL's market presence as it advances its past-producing copper-nickel-cobalt-platinum group element (Ni-Cu-Co-PGE) sulphide Selebi and Selkirk mines in Botswana.

Altitude, led by Michael Wekerle, will work in cooperation with ECM Capital Advisors Inc., directed by Eugene McBurney. The agreement includes monthly fees of CAD $17,000 and the granting of 1,200,000 options to Altitude, with an exercise price of CAD $1.25 per common share for a five-year period.

Both Wekerle and McBurney expressed enthusiasm about working with PNRL, highlighting the company's potential in the context of global electrification and renewable energy trends, as well as the importance of sustainable mining practices in Africa.

Premium Nickel Resources (TSXV: PNRL) has announced high-grade assay results from four holes drilled at its Selebi North underground mine in Botswana. Highlights include:

- SNUG-24-121: 8.30 metres of 6.07% CuEq or 2.94% NiEq
- SNUG-24-126: 12.15 metres of 3.97% CuEq or 1.92% NiEq

The drilling program aims to convert Inferred resources to Indicated resources and expand the deposit size. As of September 24, 2024, 55,125 metres have been drilled in 138 holes from eight underground drill bays. The company plans to include these results in a future Mineral Resource update, potentially progressing towards a Pre-feasibility Study.