Botswana Portfolio
Si6 is the holder of seven exploration licences covering approximately 1,500km 2 of terrain
prospective for Ni-Cu-Co-PGE-Au-Ag and lithium and tantalum in eastern Botswana.
| Tenement | Renewal / Expiry Date | Percentage Holding | Title Holder | Comment |
|---|---|---|---|---|
Magogaphate PL 110/94 | 31/03/2018 | 60 | African Metals (Pty) Ltd | Farm-in agreement with BCL Ltd |
Mokoswane PL 111/94 | 31/03/2018 | 60 | African Metals (Pty) Ltd | Farm-in agreement with BCL Ltd |
Takane PL 54/98 | 31/03/2018 | 60 | African Metals (Pty) Ltd | Farm-in agreement with BCL Ltd |
Shashe South PL 059/2008 | 30/09/2016 | 100 | African Metals (Pty) Ltd | Renewal Application submitted 30/06/16 |
| PL 193/2016 | 30/09/2019 | 100 | African Metals (Pty) Ltd | |
| PL 194/2016 | 30/09/2019 | 100 | African Metals (Pty) Ltd | |
| PL 195/2016 | 30/09/2019 | 100 | African Metals (Pty) Ltd |
BCL Joint Venture
Three of Si6’s licences Licences (PL 110/94, PL 111/94 and PL 54/98), covering 185km2, have been in
Joint Venture with BCL Limited (a major Ni-Cu miner in Botswana) since 2014.
In October 2016, BCL was placed into Liquidation and all work on the JV assets ceased. The Ministry
of Minerals Resources, Green Technology and Energy Security has subsequently suspended (put on
hold) the renewal date of the three Prospecting Licences until the end of the liquidation period. This
suspension means that the current renewal date of 31 March 2018 has been frozen for an indefinite
period pending completion of the Liquidation process however are held in Good Standing with the
Department of Mines in Botswana.
This decision does not affect Si6’s right to continue exploring these licences. Via its African
subsidiary AML, Si6 will apply for renewals for all three licences as stipulated in the Mines and
Minerals Act when advised by the Ministry of the new renewal dates for the licenses.
The liquidation process is ongoing.