Premium Resources Continues to Intersect Significant Lengths of Mineralization at Selebi North: 16.80 Metres of 5.77% CuEq or 2.80% NiEq

About this update from Nexmetals Mining Corp.

[{"type":"text","content":"Premium Resources Continues to Intersect Significant Lengths of Mineralization at Selebi North: 16.80 Metres of 5.77% CuEq or 2.80% NiEqToronto, Ontario--(Newsfile Corp. - December 10, 2024) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) (\"PREM\"or the\"Company\") announces high-grade assay results for a further eight in-fill drilling holes, all drilled within the Mineral Resource Estimate (\"MRE\") at its past-producing nickel-copper-cobalt sulphide (\"Ni-Cu-Co\") Selebi North underground (\"SNUG\") mine in Botswana. Infill Drilling Assay Highlights for Resource Reclassification:SNUG-24-148: N3 Limb 14.95 metres of 3.47% CuEq or 1.68% NiEq (0.99% Cu, 1.20% Ni, 0.06% Co)SNUG-24-158: N3 Limb 13.70 metres of 5.35% CuEq or 2.59% NiEq (1.13% Cu, 2.05% Ni, 0.10% Co)SNUG-24-160: South Limb 16.80 metres of 5.77% CuEq or 2.80% NiEq (2.04% Cu, 1.81% Ni, 0.08% Co) Sean Whiteford, President of Premium Resources International, commented: \"These results reaffirm the significant potential of the Selebi North deposit, emphasizing the continued intercepting of high-grade polymetallic sulphide mineralization. As we advance this project, these drill results strengthen our confidence in the quality and scale of our resource base. This progress will be further supported by economic and engineering studies designed to maximize its potential. We anticipate re-commencing exploration drilling on the down plunge EM targets at Selebi Main in Q1 2025.\"Assay results for SNUG holes reported herein are provided below in Table 1 for SNUG-24-148,152,154,155,158,159,160 and 163; and drill hole collar details are provided in Table 2. True thickness of mineralization was estimated using the wireframe as part of the MRE (see PREM news release dated August 8, 2024). Figures 1 and 2 show the location of the holes relative to the MRE and underground infrastructure.Drill core photos for all highlighted holes released to date, including the holes reported herein, are accessible by Clicking Here and can also be found on the Company's website at www.premiumresources.com. Table 1: Assay Results Selebi North Deposit Hole-IDFrom(m)To(m)1Length(m)2Est. True Thickness (m)Cu(%)Ni(%)3Co(%)Limb4CuEq(%)5NiEq(%)SNUG-24-148299.35314.3014.9514.20.991.200.06N33.471.68incl.299.35308.008.658.21.051.750.09N34.662.26*incl.299.35302.003.203.01.042.750.13N36.713.25and305.55308....

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