Si6 Metals secures seven-year prospecting licence in Botswana

Australian exploration company Si6 Metals has obtained a prospecting licence (PL) 123/2024, from the Botswana Department of Mines, valid for up to seven years.This PL strengthens Si6’s portfolio, which includes the Maibele North Ni-Cu-Co-PGE resource and the high-grade Cu-Ag discoveries at Airstrip and Dibete.The licence is located 10km east of the Selebi Phikwe Nickel-Copper mine and processing facility.This facility, which has been on care and maintenance since 2016, includes a concentrator, a smelter, rail lines, dams, and tailings dumps.It is partially owned by Premium Nickel Resources.Selebi Phikwe has a rich mining history, having opened in 1980 and operated for 36 years.At its peak, the site employed more than 5,000 individuals and produced a total of 26.6 million tonnes with grades of 0.58% Ni and 1.03% Cu.Despite its current status, the mine remains fully permitted for NI-Cu-Co operations.The newly acquired prospecting licence covers an area of 908km², increasing Si6 Metals's land position in the Limpopo Mobile Belt by more than 45% to 2,868km².This region is known for nickel and copper production.Included in Si6 Metals' portfolio are three joint venture licences, totalling 142km², in which the company holds a 66% interest alongside BCL.As part of its strategic review, Si6 Metals will initiate a reconnaissance programme at the new PL area.This review also encompasses the company's critical metals and minerals portfolio, which includes the Monument gold project in Western Australia.Last June, Si6 Metals executed a term sheet agreement with Foxfire Metals to acquire a 50% stake in its portfolio of ten licences and tenements in Brazil.In addition, Si6 unveiled its plan to enter a joint venture agreement concerning the tenements that cover more than 17,000 hectares in three states in the country."Si6 Metals secures seven-year prospecting licence in Botswana" was originally created and published by Mining Technology, a GlobalData owned brand.

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Si6 Metals secures seven-year prospecting licence in Botswana