Si6 Metals (ASX:SI6) has secured a 903km2 prospecting licence — considered prospective for copper, silver, gold, and nickel — in south-west Botswana.
The prospecting licence, which lies south of Si6’s Maibele North resource and copper-silver discoveries at Airstrip and Dibete, was granted by the Botswana Department of Mines for a seven-year period.
Si6, which has a market capitalisation of $10.31 million, will devise an initial reconnaissance program at the new prospecting licence, as part of a strategic review of its critical metals and minerals portfolio.
The new licence represents a 45% increase to its landholding in the Limpopo Mobile Belt, which now spans 2,868km2.
The licence also lies 10km east of the Selebi Phikwe nickel-copper mine and processing facility consisting of a concentrator and smelter, rail lines, dams, and tailings dumps.
Selebi Phikwe, which has been in care and maintenance since 2016, is partially owned by Premium Nickel Resources (TSX-V:PNRL) and opened in 1980.
The mine and processing facility operated for 36 years and produced a total of 26.6 million tonnes grading 0.58% nickel, 1.03% copper, and remains a fully permitted nickel-copper-cobalt mine and facility.
Write to Aaliyah Rogan at Mining.com.au
Images: Si6 Metals
