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Hindustan Times
06-08-2025
- Business
- Hindustan Times
Chhattisgarh: Nickel-Copper-PGE deposit discovered in Mahasamund district
A significant deposit of Nickel, Copper, and Platinum Group Elements (Ni-Cu-PGE) was discovered in Chhattisgarh's Mahasamund district, a statement issued by the state government said on Wednesday. Deccan Gold Mines Limited (DGML) was awarded a 30sq km Composite Licence for the block on April 1 this year. (Representative file photo) The mineral discovery, located in the Bhalukona-Jamnidih block of Basna tehsil, is expected to play a critical role in advancing self-reliance under the Atmanirbhar Bharat initiative, the statement said. 'This is a crucial step toward securing vital resources for both the state and the nation,' said chief minister Vishnu Deo Sai. 'It supports our vision for sustainable development and aligns with India's drive toward strategic independence in critical sectors,' it said. Also Read: Cabinet approves National Critical Mineral Mission Deccan Gold Mines Limited (DGML), a company focused on gold and critical mineral exploration, was awarded a 30sq km Composite Licence for the block on April 1 this year. The licence allows the firm to both explore and eventually mine the area. The Geological Survey of India (GSI) had previously conducted G4-level exploration in the region, identifying promising traces of Nickel, Chromium, and PGEs. These findings were later validated by Chhattisgarh's Directorate of Geology and Mining (DGM), which subsequently facilitated an e-auction for the block. DGML won the block through this process on March 6, 2023, the statement said. Preliminary results from DGML's ongoing exploration are encouraging. A 700-meter-long mineralised zone has been identified within prospective mafic-ultramafic rock formations. Geophysical surveys indicate the presence of sulphide mineralization extending up to 300 meters in depth, pointing to substantial resource potential, it added. P Dayanand, secretary of the department of mineral resources, described the discovery as a 'strategic leap forward.' 'With the global push for green and high-tech technologies, critical minerals like nickel and PGEs have become the backbone of future innovation,' Dayanand said. So far, the state has successfully auctioned 51 mineral blocks, including 10 key blocks containing resources such as graphite, nickel, chromium, PGEs, lithium, glauconite, phosphorite, and graphite-vanadium. Additionally, six tin blocks have been submitted to the Union ministry of mines for upcoming auctions. To streamline exploration and innovation in this sector, the DGM has established a Critical Mineral Cell, aimed at fostering collaboration with academic, research, and industry institutions.
Yahoo
08-05-2025
- Business
- Yahoo
Premium to Be Featured on Radius Research Webinar - Monday, May 12 - Register Now to Hear Directly from CEO Morgan Lekstrom
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) ("PREM" or the "Company") is pleased to announce its participation in an upcoming live webinar hosted by Radius Research, featuring a corporate overview and a one-on-one interview with PREM CEO, Morgan Lekstrom. Hosted by Martin Gagel of Market Radius Capital, the webinar will showcase Premium's renewed strategy to redevelop its past-producing Selebi and Selkirk sulphide mines in Botswana, targeting copper, nickel, cobalt, and Platinum Group Elements (PGEs). This live, interactive session will provide investors with an opportunity to ask questions directly. A recording will be available for those unable to attend the live event. Event: Radius Research Pitch, Deep Dive, and Q&A with Premium Resources Presentation Date & Time: Monday, May 12th at 4:00 PM ET / 1:00 PM PT Webcast Registration Link: Participants will be able to submit questions throughout the presentation, however to ensure there is time to get through the potential high volume of questions, we highly encourage attendees to send through questions beforehand to jaclyn@ About Radius Research Radius Research gives individual investors access to in-depth CEO interviews with deep-dive institutional-level discussion and Q&A. Radius Research is part of Market Radius Capital, Inc. and hosted by Martin Gagel, a former top-ranked sell-side technology and special situations analyst. About Premium Resources Ltd. PREM is a mineral exploration and development company that is focused on the redevelopment of the previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic of Botswana. PREM is committed to governance through transparent accountability and open communication within our team and our stakeholders. Our skilled team has worked over 100 projects collectively, accumulating over 400 years of resource discoveries, mine development and mine re-engineering experience on projects like the Company's Selebi and Selkirk mines. PREM's senior team members have on average more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations. For further information about Premium Resources Ltd., please contact: Morgan LekstromCEO and Directormorganl@ Jaclyn RuptashVice President, Communications and Investor Relationsjaclyn@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Follow Us X: in: To view the source version of this press release, please visit
