Si6 gets above its 2,000km2 patch of base metals, precious metals and pegmatite-hosts in major Botswana review
Link copied to
While preparing to start drilling at its advanced joint venture prospects, Si6 has also been carrying out a review of its wholly-owned, utterly-massive tenure to identify further drill targets.
The company is currently progressing drill plans – including obtaining for joint venture and Department of Mines approvals – for its joint venture tenements that contain an advanced nickel-copper-cobalt-PGE resource at Maibele North and drilled high-grade copper-gold discoveries at Airstrip and Dibete
This is timely given the record prices for both nickel and copper amidst the tightest commodity markets since the 2000’s commodity supercycle.
However, Si6 Metals (ASX:SI6) notes that these prospects cover just 143sqkm, or less than 10% of it’s nigh 2,000km2 tenement package in Botswana.
As such, the company’s geological review to generate further targets where numerous high-quality, early-stage base and precious metal exploration targets exist – will go a long way towards maximising the potential of its landholding.
This portfolio is also prospective for pegmatite-hosted mineralisation such as lithium, tin and tantalum as well as rare earth element mineralisation, which are also in high demand as the transition towards decarbonisation continues.
“The last time I witnessed such strong prices in nickel was whilst working for nickel miner LionOre Mining around the time of Norilsk and Xstrata’s bidding war,” executive chairman Patrick Holywell said.
“We are excited to further explore the potential of the broader tenement package in Botswana as we await approvals for drilling to commence on the JV licences.
“With such a large 100%-owned area covering circa 1,800km2 , we are confident that we will identify additional base metals (nickel, copper), precious metals (silver, gold) and pegmatite-hosted targets across our exciting portfolio.”
He added that Maibele North, Airstrip and Dibete have already proven that high quality base and precious metal targets exist on the company’s Botswanan portfolio and that the company was keen to add to its inventory of targets.
The company has already identified a number of priority, early-stage targets such as Maibele East, Mashambe, Majante, Crescent, Gobajango, Letlhakane South and Sampa.
Most of these regional targets have undergone historical first past exploration including soil sampling, mapping and some geophysical surveys with limited drilling in some areas.
All of this data will be reviewed and any gaps in the coverage, or verification work required, will be undertaken.
Initial work will include mapping, sampling and ground geophysics to generate drill targets.
This article was developed in collaboration with Si6 Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.