Eastport’s Selebi project is comprised of four licences that cover a total area of 2,100 km2, with favourable amphibolite geology located throughout the licence area.
The neighbouring licence has historical annual production of 40,000 tonnes of copper and nickel, and is today owned by Eastport investee, TSX listed, Premium Nickel Resources Limited (TSV:PNRL).
Eastport’s Selebi licences are located to the south-east of the Selebi and Phikwe sulphide deposits, which Wood Mackenzie has estimated contain a remaining in-situ resource of 33.07 million tonnes grading 0.8% nickel, and 1.18% copper.
The licence hosting three mines is the former BCL mining licence, now owned by PNR, in which Eastport is a shareholder. The remaining four licences are held by Eastport subsidiary, CES.