Premium Resources (PRMLF) 6-K 31 Aug 23 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-14740
Entity Registrant Name	Premium Nickel Resources Ltd.
Entity Central Index Key	0000795800
Entity Address, Address Line One	c/o Bennett Jones LLP
Entity Address, Address Line Two	3400 — One First Canadian Place
Entity Address, Address Line Three	P.O. Box 130
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Postal Zip Code	M5X 1A4

Condensed Interim Consolidated

Condensed Interim Consolidated Statements of Financial Position (Unaudited) - CAD ($)	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash	$ 21,607,892	$ 5,162,991
Prepaid expenses	486,195	470,725
Other receivables	841,886	804,630
TOTAL CURRENT ASSETS	22,935,973	6,438,346
NON-CURRENT ASSETS
Exploration and evaluation assets	39,583,472	31,823,982
Property, plant and equipment	3,122,333	3,394,670
TOTAL NON-CURRENT ASSETS	42,705,805	35,218,652
TOTAL ASSETS	65,641,778	41,656,998
CURRENT LIABILITIES
Trade payables and accrued liabilities	3,394,649	4,025,716
Current portion of lease liability	1,270,218	1,365,697
Promissory note		7,070,959
TOTAL CURRENT LIABILITIES	4,664,867	12,462,372
NON-CURRENT LIABILITIES
Vehicle financing	129,746	164,644
Provision for leave and severance	341,807	177,941
Term loan	12,735,951
Lease liability	1,270,218	1,365,697
NSR option liability	2,750,000
Deferred share units liability	604,405	298,000
TOTAL NON-CURRENT LIABILITIES	17,832,127	2,006,282
TOTAL LIABILITIES	22,496,994	14,468,654
SHAREHOLDERS’ EQUITY
Share capital – common	111,426,156	91,144,268
Share capital – preferred	31,516	31,516
Reserve	18,987,978	15,257,140
Deficit	(83,731,348)	(78,092,605)
Foreign currency translation reserve	(3,569,518)	(1,151,975)
TOTAL SHAREHOLDERS’ EQUITY	43,144,784	27,188,344
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 65,641,778	$ 41,656,998

Condensed Interim Consolidate_2

Condensed Interim Consolidated Statements of Comprehensive Loss (Unaudited) - CAD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
EXPENSES
Corporate and administration expenses	$ (1,191,810)	$ (615,200)	$ (2,242,562)	$ (833,353)
Management fees	(828,589)	(576,332)	(1,630,663)	(1,075,306)
Due diligence cost of Botswana assets		762		(4,035)
Advisory and consultancy	(436,974)	(302,259)	(441,559)	(494,026)
Depreciation	(43,998)		(89,760)
General exploration expenses	(33,643)		(77,572)
Interest and bank charges	(46,798)	(7,086)	(96,737)	(8,549)
Share-based payment				(2,593,095)
Deferred share units granted	(149,113)		(306,405)
Warrant fair value movement		411,943		(19,300,354)
Net foreign exchange loss	(73,488)	169,977	(103,904)	160,792
TOTAL EXPENSES	(2,804,413)	(918,195)	(4,989,162)	(24,147,926)
OTHER ITEMS
Interest expenses	(487,606)	(87,134)	(688,440)	(87,134)
NET LOSS FOR THE PERIOD	(3,292,019)	(1,005,329)	(5,677,602)	(24,235,060)
OTHER COMPREHENSIVE LOSS
Exchange differences on translation of foreign operations	(1,666,663)	(852,062)	(2,417,543)	(1,271,357)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD	$ (4,958,682)	$ (1,857,391)	$ (8,095,145)	$ (25,506,417)
Basic loss per share	$ (0.03)	$ (0.01)	$ (0.05)	$ (0.30)
Diluted loss per share	$ (0.03)	$ (0.01)	$ (0.05)	$ (0.30)
Weighted average number of common shares outstanding - basic	121,283,186	85,215,054	119,773,438	80,708,849
Weighted average number of common shares outstanding - diluted	121,283,186	85,215,054	119,773,438	80,708,849

Condensed Interim Consolidate_3

Condensed Interim Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - CAD ($)		Ordinary shares [member]	Preference shares [member]	Reserve [member]	Retained earnings [member]	Foreign currency translation reserve [member]	Total
Beginning balance at Dec. 31, 2021		$ 7,952,675		$ 1,261,891	$ (13,482,624)	$ (48,906)	$ (4,316,964)
Beginning balance, shares at Dec. 31, 2021		76,679,908
IfrsStatementLineItems [Line Items]
Net loss for the period					(24,235,060)		(24,235,060)
Share capital issued through private placement		$ 22,388,599					22,388,599
Share capital issued through private placement, shares		8,936,167
Share issue costs		$ (1,951,475)					(1,951,475)
Share-based payment				2,593,095			2,593,095
Exchange differences on translation of foreign operations						(1,271,357)	(1,271,357)
Ending balance at Jun. 30, 2022		$ 28,389,799		3,854,986	(37,717,684)	(1,320,263)	(6,793,162)
Ending balance, shares at Jun. 30, 2022	[1]	85,616,075
Beginning balance at Dec. 31, 2022		$ 91,144,268	31,516	15,257,140	(78,092,605)	(1,151,975)	$ 27,188,344
Beginning balance, shares at Dec. 31, 2022		116,521,343					116,521,343
IfrsStatementLineItems [Line Items]
Net loss for the period					(5,677,602)		$ (5,677,602)
Share capital issued through private placement		$ 24,014,273					24,014,273
Share capital issued through private placement, shares		19,209,184
Share issue costs		$ (1,666,097)					(1,666,097)
Share-based payment
Exchange differences on translation of foreign operations						(2,417,543)	(2,417,543)
Value allocated to warrants		(1,898,349)		1,898,349
FV of broker warrants		(167,939)		167,939
FV of Lender warrants				1,703,409			1,703,409
FV of expired warrants				(38,859)	38,859
Ending balance at Jun. 30, 2023		$ 111,426,156	31,516	18,987,978	(83,731,348)	(3,569,518)	$ 43,144,784
Ending balance, shares at Jun. 30, 2023		135,730,527					135,730,527
IfrsStatementLineItems [Line Items]
Net loss for the period							$ (3,292,019)
Share-based payment
Ending balance at Jun. 30, 2023		$ 111,426,156	$ 31,516	$ 18,987,978	$ (83,731,348)	$ (3,569,518)	$ 43,144,784
Ending balance, shares at Jun. 30, 2023		135,730,527					135,730,527
[1]The number of shares shown is on a pre-RTO (defined below in Note 1) and pre-consolidation basis, representing the actual number of shares outstanding of PNRC (defined below in Note 1) as at June, 2022. In connection with the RTO, shareholders of PNRC exchanged their shares at a rate of 1.054 90,239,343

Condensed Interim Consolidate_4

Condensed Interim Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical)	Jun. 30, 2023 shares
Statement of changes in equity [abstract]
Exchange ratio for RTO	1.054
Number of shares	135,730,527

Condensed Interim Consolidate_5

Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES
Total net loss for the period	$ (5,677,602)	$ (24,235,060)
Items not affecting cash:
Share-based payment		2,593,095
Deferred share units granted	306,405
Depreciation	89,760
Provision for leave and severance	163,866
Accrued interests and accretion on loans	656,310
Warrant fair value movement	116,177	19,300,354
Changes in working capital
Prepaid expenses and other receivables	(52,726)	(1,123,555)
Trade payables and accrued expenses	(631,067)	2,463,490
Other loan payable		135,289
Net cash used in operating activities	(5,028,877)	(866,387)
INVESTING ACTIVITIES
Acquisition of property, plant and equipment	(391,031)	(266,112)
Additions to expenditures on exploration and evaluation assets	(8,400,253)	(17,282,590)
Net cash used in investing activities	(8,791,284)	(17,548,702)
FINANCING ACTIVITIES
Proceeds from issuance of units	23,814,272	22,388,599
Share issue costs	(1,521,306)	(1,951,475)
Loan proceeds, net of fees	14,304,202
Option financing	2,750,000
Promissory note repayment	(7,637,329)
Vehicle loan payment	(34,898)
Lease payment	(95,479)
Net cash provided by financing activities	31,579,462	20,437,124
Impact of currency translation for the foreign operations	(1,314,400)	(1,271,357)
Change in cash for the period	16,444,901	750,678
Cash at the beginning of the period	5,162,991	1,990,203
Cash at the end of the period	$ 21,607,892	$ 2,740,881

NATURE OF OPERATIONS AND GOING

NATURE OF OPERATIONS AND GOING CONCERN	6 Months Ended
	Jun. 30, 2023
Nature Of Operations And Going Concern
NATURE OF OPERATIONS AND GOING CONCERN	1. NATURE OF OPERATIONS AND GOING CONCERN Premium Nickel Resources Ltd. (TSXV: PNRL) (the “ Company PNRL RTO PNRC NAN Subco NAN Amalgamation Business Corporations Act OBCA TSXV Prior to the RTO, PNRC was a private company existing under the OBCA. PNRC was incorporated to evaluate, acquire, improve and reopen, assuming economic feasibility, a combination of certain assets of BCL Limited (“ BCL TNMC In connection with the RTO, the Company was continued under the OBCA and changed its name from “North American Nickel Inc.” to “Premium Nickel Resources Ltd.” Currently, the Company’s principal business activity is the evaluation and development of mineral properties in Botswana through its wholly-owned subsidiaries. The following corporate structure chart sets out details of the direct and indirect ownership of the principal subsidiaries of the Company: Notes (1) Premium Nickel Group Proprietary Limited owns the Selkirk Assets (as defined below). (2) Premium Nickel Resources Proprietary Limited owns the Selebi Assets (as defined below). Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) The Company has its head and registered office at One First Canadian Place, 100 King Street West, Suite 3400, Toronto, Ontario, Canada M5X 1A4. The principal assets of the Company are the Selebi and Selebi North nickel-copper-cobalt (“ Ni-Cu-Co Selebi Assets Ni-Cu-Co-PGE Selkirk Mine Selkirk Assets The Company continues to monitor the global COVID-19 developments and is committed to working with health and safety as a priority and in full respect of all government and local COVID-19 protocol requirements. The Company has developed COVID-19 travel, living and working protocols and is ensuring integration of those protocols with the currently applicable protocols of the Government of Botswana and surrounding communities. The impact of COVID-19 on the Company’s operation was mainly the increase in travelling costs due to travel restriction as well as inflated material cost for drilling and development work. Going Concern The Company, being in the exploration and redevelopment stage, is subject to risks and challenges similar to companies in a comparable stage of exploration and development. These risks include the challenges of securing adequate capital for exploration, development and operational risks inherent in the mining industry, and global economic and metal price volatility and there is no assurance management will be successful in its endeavors. As at June 30, 2023, the Company had no source of operating cash flows, nor any credit line currently in place. The Company incurred a net loss of $ 5,677,602 These unaudited condensed interim consolidated financial statements have been prepared on the assumption that the Company will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. The ability of the Company to continue operations as a going concern is ultimately dependent upon achieving profitable operations and its ability to obtain adequate financing. To date the Company has not generated profitable operations from its resource activities and will need to invest additional funds in carrying out its planned evaluation, development and operational activities. It is not possible to predict whether financing efforts will be successful or if the Company will attain a profitable level of operation. These material uncertainties cast substantial doubt about the Company’s ability to continue as a going concern. These unaudited condensed interim consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities and the reported expenses and comprehensive loss that might be necessary should the Company be unable to continue as a going concern. These adjustments could be material. The properties in which the Company currently has an interest are in pre-revenue stage. As such, the Company is dependent on external financing to fund its activities. In order to carry out the planned development and cover administrative costs, the Company will use its existing working capital and raise additional amounts as needed. Although the Company has been successful in its past fundraising activities, there is no assurance as to the success of future fundraising efforts or as to the sufficiency of funds raised in the future. The Company will continue to assess new properties and seek to acquire interests in additional properties if there is sufficient geologic or economic potential and if adequate financial resources are available to do so. The unaudited condensed interim consolidated financial statements were approved and authorized for issuance by the Board of Directors of the Company on August 28, 2023. The discussion in the notes to the unaudited condensed interim consolidated financial statements is stated in Canadian dollars. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars)

BASIS OF PREPARATION AND SIGNIF

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Basis Of Preparation And Significant Accounting Policies
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	2. BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (a) Statement of Compliance These unaudited condensed interim consolidated financial statements were prepared in accordance with International Accounting Standards (“ IAS 34 Interim Financial Reporting (b) Basis of preparation These unaudited condensed interim consolidated financial statements have been prepared under the historical cost convention, modified by the revaluation of any financial assets and financial liabilities where applicable. The preparation of unaudited condensed interim consolidated financial statements in conformity with IAS 34 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the Company’s accounting policies. The significant accounting policies used in the preparation of these unaudited condensed interim consolidated financial statements are consistent with those used in the preparation of the audited annual consolidated financial statements for the year ended December 31, 2022. (c) Basis of consolidation These unaudited condensed interim consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiaries. All intercompany transactions, balances, income and expenses are eliminated upon consolidation. Effective August 3, 2022, NAN completed the 100 (d) New standards and amendments effective this year IAS 1 – In February 2021, the IASB issued “Disclosure of Accounting Policies” with amendments that are intended to help preparers in deciding which accounting policies to disclose in their financial statements. The amendments are effective for year ends beginning on or after January 1, 2023. The impact of adopting this amendment on the Company’s consolidated financial statements was not significant. IAS 8 – In February 2021, the IASB issued “Definition of Accounting Estimates” to help entities distinguish between accounting policies and accounting estimates. The amendments are effective for year ends beginning on or after January 1, 2023. The impact of adopting this amendment on the Company’s consolidated financial statements was not significant. (e) Accounting standards and amendments issued but not yet effective Certain pronouncements were issued by the IASB or the IFRIC that are mandatory for accounting periods commencing on or after January 1, 2023. Many are not applicable or do not have a significant impact to the Company and have been excluded. The following have not yet been adopted and are being evaluated to determine their impact on the Company. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) IAS 1 – Presentation of Financial Statements (“ IAS 1

AMALGAMATION

AMALGAMATION	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about business combination [abstract]
AMALGAMATION	3. AMALGAMATION On April 26, 2022, PNRC and NAN entered into a definitive amalgamation agreement (the “ Amalgamation Agreement Transaction Particulars Pursuant to the Amalgamation Agreement: (a) NAN’s subsidiary, 1000178269 Ontario Inc. (“ NAN Subco (b) Holders of PNRC shares exchanged their shares at a rate of 1.054 Exchange Ratio 5-to-1 (c) the transactions resulted in an RTO of the Company in accordance with the policies of the TSXV, all in the manner contemplated by, and pursuant to, the terms and conditions of the Amalgamation Agreement. In connection with the RTO, NAN, among other things: (a) changed its name to “Premium Nickel Resources Ltd.”; (b) changed its stock exchange ticker symbol to “PNRL”; and (c) reconstituted the board of directors and management of the Company. The outstanding options of PNRC immediately prior to the effective time of the RTO were exchanged and adjusted pursuant to the terms of the Amalgamation Agreement such that holders thereof were entitled to acquire, following the closing of the RTO, options of the Company after giving effect to the Exchange Ratio, as applicable. Pursuant to the Amalgamation Agreement, the Company issued 82,157,536 77,948,368 72.1 27.9 Prior to this exchange, NAN had 31,748,399 The substance of the transaction was a reverse acquisition of a public company. The transaction did not constitute a business acquisition as NAN did not meet the definition of a business under IFRS 3 as it had no inputs or processes. As a result, the transaction was accounted for as a capital transaction with NAN being identified as the accounting acquiree and the equity consideration being measured at fair value (“ FV The purchase price was determined based on the number of shares that PNRC would have had to issue on the date of closing to give the owners of NAN the same percentage equity ( 27.9 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) The costs of the acquisition have been allocated as follows: SUMMARY OF COST OF ACQUISITION FV of shares transferred $ 77,431,152 FV of options, warrants and agent warrants 9,665,577 FV of preferred shares 31,516 Settlement of pre-existing relationship – 15% warrant and shares* (47,985,863 ) Total FV of consideration transferred $ 39,142,383 Cash $ 11,051,917 Trade and other receivables 450,522 Property, plant and equipment 14,111 Trade payables and accrued liabilities (1,548,582 ) Net assets acquired 9,967,968 Loss on acquisition 29,174,415 Total Purchase Price $ 39,142,383 * Pre-existing relationship Before the closing of the RTO, NAN owned 7,667,707 15 15 10,000,000 15 Prior to the RTO, the fair value of the 15 28,275,255 19,710,608 2.57 0 3.14 141.63 Pursuant to the RTO, an aggregate of 8,827,250 Replacement Options PNRC Options 8,375,000 2,383,333 5,138,022 Given that the RTO has been accounted for as a reverse takeover of NAN by PNRC, from an accounting perspective, PNRC was deemed to have issued options and warrants to the former security holders of NAN. Immediately prior to the closing of the RTO, NAN had 2,995,794 2,228,340 118,186 13,131 2,995,794 2,228,340 118,186 9,665,577 2,327,125 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) The fair value of NAN’s options and warrants as at August 3, 2022 was calculated using the following assumptions: SCHEDULE OF FAIR VALUE ASSUMPTIONS OF OPTIONS AND WARRANTS As of August 3, 2022 Warrants Options Expected dividend yield 0 % 0 % Share price of last financing $ 0.48 $ 0.48 Expected share price volatility 64.91 113.22 % 133.15 143.3 % Risk free interest rate 3.18 % 2.85 3.08 % Remaining life of warrants & options 0.03 2 2.56 4.23 For purposes of determining the fair value of the share consideration exchanged on the RTO, the shares of PNRC were valued at USD 2.00 The RTO resulted in a loss of $ 29,174,415

OTHER RECEIVABLES

OTHER RECEIVABLES	6 Months Ended
	Jun. 30, 2023
Other Receivables
OTHER RECEIVABLES	4. OTHER RECEIVABLES A summary of the other receivables as at June 30, 2023 and December 31, 2022 is detailed in the table below: SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS June 30, 2023 December 31, 2022 HST paid on purchases 528,766 445,128 VAT paid on purchases 313,120 359,502 Total receivables and other current assets 841,886 804,630

EXPLORATION AND EVALUATION ASSE

EXPLORATION AND EVALUATION ASSETS	6 Months Ended
	Jun. 30, 2023
Exploration And Evaluation Assets
EXPLORATION AND EVALUATION ASSETS	5. EXPLORATION AND EVALUATION ASSETS SUMMARY OF EXPLORATION AND EVALUATION ASSETS Selebi Selkirk Total Botswana Selebi Selkirk Total Balance, December 31, 2022 31,146,672 677,310 31,823,982 Beginning balance 31,146,672 677,310 31,823,982 Site operations & administration 409,000 27,857 436,857 Care & Maintenance 1,587,152 - 1,587,152 Geology 1,713,621 265,614 1,979,235 Drilling 2,017,073 6,523 2,023,596 Geophysics 891,036 17,792 908,828 Engineering 2,570,020 14,020 2,584,040 Environmental, Social and Governance 30,296 - 30,296 Metallurgy & MP 39,744 80,622 120,366 Technical studies 8,047 7,650 15,697 Health and safety 146,637 - 146,637 Impact of foreign currency translation (1,984,641 ) (88,573 ) (2,073,214 ) Balance, June 30, 2023 38,574,657 1,008,815 39,583,472 Ending balance 38,574,657 1,008,815 39,583,472 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) The following is a description of the Company’s exploration and evaluation assets and the related spending commitments: Botswana Assets - Selebi and Selkirk On September 28, 2021, the Company executed the Selebi Asset Purchase Agreement (the “Selebi APA”) with the BCL liquidator to acquire the Selebi Assets formerly operated by BCL. On January 31, 2022, the Company closed the transaction and ownership of the Selebi Assets transferred to the Company. Pursuant to the Selebi APA, the aggregate purchase price payable to the seller for the Selebi Assets shall be the sum of $ 76,862,200 56,750,000 ● $ 2,086,830 1,750,000 ● $ 33,860,000 25,000,000 MMRGTES ● The third instalment of $ 40,632,000 30,000,000 ● Payment of care and maintenance funding contribution in respect of the Selebi Assets for a total of $ 6,164,688 5,178,747 The total acquisition cost of the Selebi Assets included the first instalment of $ 2,086,830 1,750,000 6,164,688 5,178,747 Property, Plant and Equipment In addition to the Selebi APA, the purchase of the Selebi Assets is also subject to a contingent compensation agreement as well as a royalty agreement with the liquidator. PNRC also negotiated a separate asset purchase agreement (the “ Selkirk APA In regards to the Selkirk Assets, the Selkirk APA does not provide for a purchase price or initial payment for the purchase of the assets. The acquisition cost of the Selkirk Mine of $ 327,109 244,954 33,860,000 25,000,000 40,632,000 30,000,000 During the six months ended June 30, 2023, the Company incurred $ 7,759,490 11,014,139 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	6. PROPERTY, PLANT AND EQUIPMENT The table below sets out costs and accumulated amortization as at June 30, 2023. SUMMARY OF PROPERTY, PLANT AND EQUIPMENT Cost Land (ROU Assets) Buildings (ROU Assets) Furniture and Fixtures Exploration Equipment Generator Vehicles Computer and software Total Balance – December 31, 2022 220,242 2,857,179 126,605 11,973 31,381 241,884 1,950 3,491,214 Additions - - 61,753 - - - - 61,753 Impact of FX translation (15,398 ) (199,751 ) (3,414 ) (219 ) (1,191 ) (24,357 ) - (244,330 ) Depreciation during the period - 62,336 3,026 637 441 23,320 - 89,760 Balance – June 30, 2023 204,844 2,657,428 184,944 11,754 30,190 217,527 1,950 3,308,637 Accumulated Depreciation Land (ROU Assets) Buildings (ROU Assets) Furniture and Fixtures Exploration Equipment Generator Vehicles Computer and software Total Balance – December 31, 2022 - 51,124 1,872 1,447 562 39,589 1,950 96,544 Depreciation during the period - 62,336 3,026 637 441 23,320 - 89,760 Balance – June 30, 2023 - 113,460 4,898 2,084 1,003 62,909 1,950 186,304 Carrying Value Land (ROU Assets) Buildings (ROU Assets) Furniture and Fixtures Exploration Equipment Generator Vehicles Computer and Software Total Balance – December 31, 2022 220,242 2,806,055 124,733 10,526 30,819 202,295 - 3,394,670 Beginning Balance 220,242 2,806,055 124,733 10,526 30,819 202,295 - 3,394,670 Balance – June 30, 2023 204,844 2,543,968 180,046 9,670 29,187 154,618 - 3,122,333 Ending Balance 204,844 2,543,968 180,046 9,670 29,187 154,618 - 3,122,333 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars)

TRADE PAYABLES AND ACCRUED LIAB

TRADE PAYABLES AND ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2023
Trade Payables And Accrued Liabilities
TRADE PAYABLES AND ACCRUED LIABILITIES	7. TRADE PAYABLES AND ACCRUED LIABILITIES SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES June 30, 2023 December 31, 2022 Amounts due to related parties (note 11) 100,592 43,235 Trade payables 3,058,268 3,660,519 Accrued liabilities 235,789 321,962 Trade payables and accrued liabilities 3,394,649 4,025,716

PROMISSORY NOTE

PROMISSORY NOTE	6 Months Ended
	Jun. 30, 2023
Promissory Note
PROMISSORY NOTE	8. PROMISSORY NOTE On November 21, 2022, the Company announced a $ 7,000,000 Bridge Loan Lender 6,740,000 260,000 Promissory Note 7 10 February 22, 2023 The Company extended the maturity to March 22, 2023 On March 17, 2023, the Company entered into an amended and restated promissory note (the “ A&R Promissory Note March 22, 2023 to November 24, 2023 Extension 225,000 350,000 Lender Warrants Common Shares 1.75 119,229 In connection with the A&R Promissory Note, the Company accrued $ 70,959 341,370 The fair value of the liability of the Lender Warrants was estimated at $ 116,177 225,000 On June 28, 2023, the Company repaid the Promissory Note in full including accrued interest and restatement fee in aggregate amount of $ 7,637,329 The fair value of the Lender warrants was calculated using the following assumptions: SCHEDULE OF FAIR VALUE OF LENDER WARRANTS ASSUMPTIONS March 31, 2023 Expected dividend yield 0 % Stock price $ 1.40 Expected share price volatility 77.2 % Risk free interest rate 3.49 % Expected life of warrant 1 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars)

TERM LOAN

TERM LOAN	6 Months Ended
	Jun. 30, 2023
Term Loan
TERM LOAN	9. TERM LOAN On June 28, 2023, the Company closed a financing with Cymbria Corporation (“ Cymbria EdgePoint 33,999,200 Financing Transactions 16,249,200 Equity Financing three year 15,000,000 Term Loan 2,750,000 Option Payment 0.5 The Term Loan has a principal amount of $ 15,000,000 10 ● increase in the interest rate payable on the Term Loan to 15 ● the Company may prepay all or any portion of the principal amount outstanding with a minimum repayment amount of $ 500,000 100,000 ● if prepayment occurs within one year of the closing date, a prepayment fee in an amount equal to 10% of the principal amount of the Term Loan being prepaid less interest paid or payable on or prior to the date of prepayment attributable to the portion of the Term Loan Prepayment Fee ● Mandatory prepayment shall be made when the Company has non-ordinary course asset sales or other dispositions of property; or the Company receives cash from the issuance of indebtedness for borrowed money. All of the net cash proceeds from assets sales or new loans shall be applied to repay the principal amount of the Term Loan together with all accrued and unpaid interest on the principal amount being repaid as well as the Prepayment Fee if such mandatory prepayment occurs within one year of the closing date; ● In the event of change of control, the Company shall repay the Term Loan in full plus a fee equal to 10% of the then-outstanding principal amount of the Term Loan. In connection with the Term Loan, the Company issued an aggregate of 2,000,000 Non-Transferable Warrants Lender 1.4375 The Company used $ 7,637,329 As at June 30, 2023, The Company accrued $ 12,329 1,587,232 The fair value of the Non-Transferable Warrants was calculated using the following assumptions: SCHEDULE OF FAIR VALUE OF NON-TRANSFERABLE WARRANTS ASSUMPTIONS June 28, 2023 Expected dividend yield 0 % Stock price $ 1.35 Expected share price volatility 92.06 % Risk free interest rate 4.13 % Expected life of warrant 3 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) The following is a continuity of the Term Loan SCHEDULE OF TERM LOAN $ Principal amount of the Term Loan 15,000,000 Fair value of the attached warrants (1,587,232 ) Term Loan at fair value on issuance, Jun 28, 2023 13,412,768 Transaction costs (695,798 ) Accrued interest 12,329 Amortization of warrant FV and transaction costs 6,652 Total 12,735,951

LEASE LIABILITY

LEASE LIABILITY	6 Months Ended
	Jun. 30, 2023
Lease Liability
LEASE LIABILITY	10. LEASE LIABILITY On July 9, 2022, the Company executed a sales agreement (the “ Lodge Agreement Seller Lodge As per the Lodge Agreement, the aggregate purchase price payable to the Seller shall be the sum of $ 3,213,404 30,720,000.00 482,011 4,608,000 1,365,697 13,056,000.00 In addition to the above purchase price, the Company is required to pay to the Seller an agreed interest amount in twelve equal monthly instalments of $ 13,657 130,560 6,828 65,280 The details of lease liabilities are as follows: SCHEDULE OF DETAILS OF LEASE LIABILITIES June 30, 2023 lease liabilities as of December 31, 2022 2,731,394 Lease payments (95,479 ) Interest expense on lease liabilities 78,906 Impact of FX translation (174,385 ) IFRS 16 lease liabilities as of end of year 2,540,436 Current portion of lease liability (less than one year) 1,270,218 Long-term lease liability (one to five year) 1,270,218

NSR OPTION LIABLITY

NSR OPTION LIABLITY	6 Months Ended
	Jun. 30, 2023
Nsr Option Liablity
NSR OPTION LIABLITY	11. NSR OPTION LIABLITY Concurrently with the closings of the Equity Financing and the Term Loan on June 28, 2023, Cymbria paid an aggregate of $ 2,750,000 Option Payment 2,500,000 250,000 PNRL’s indirect wholly-owned subsidiary Premium Nickel Resources Proprietary Limited (“ PNRP 2 Selebi NSR 20,000,000 PNRL’s indirect wholly-owned subsidiary Premium Nickel Group Proprietary Limited (“ PNGP 1 Selkirk NSR NSRs 2,000,000 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) Each of PNRP and PNGP has agreed to grant Cymbria, in exchange for the Option Payment, an option to participate in any such repurchase of the applicable portion of its NSR from the relevant liquidator. Cymbria will, following the exercise of its option to participate in any such repurchase, acquire a 0.5 Under the NSR option purchase agreements, Cymbria could acquire a 0.5 10,675,231 8,102,500 1,067,523 810,250

SHARE CAPITAL, WARRANTS AND OPT

SHARE CAPITAL, WARRANTS AND OPTIONS	6 Months Ended
	Jun. 30, 2023
Share Capital Warrants And Options
SHARE CAPITAL, WARRANTS AND OPTIONS	12. SHARE CAPITAL, WARRANTS AND OPTIONS The authorized capital of the Company comprises an unlimited number of common shares without par value and 100,000,000 Effective August 3, 2022, in connection with the closing of the RTO, the Company completed a share consolidation of the Company’s issued and outstanding common shares and preferred shares, in each case exchanging one (1) post-consolidation share without par value for every five (5) pre-consolidation shares issued and outstanding. All references to share capital, warrants, options and weighted average number of shares outstanding have been adjusted in these financial statements and retrospectively to reflect the Company’s RTO share exchange and 5-for-1 a) Common Shares Issued and Outstanding During the six months ended June 30, 2023, the Company completed the following financing transactions: On February 24, 2023, the Company issued 4,437,184 1.75 7,765,072 Offering In connection with the Offering, the Company: (a) paid to the agents a cash commission of $473,383, equal to 6% of the gross proceeds (other than on certain president’s list purchasers on which a cash commission of 3% was paid); and (b) issued to the agents that number of non-transferable broker warrants of the Company (the “ Broker Warrants 1.75 221,448 167,939 133,164 On June 28, 2023, the Company issued 14,772,000 1.10 16,249,200 Each unit comprises one common share of PNRL and 22.5% of one whole common share purchase warrant Transferable Warrant Transferable Warrants 3,324,000 1.4375 1,898,349 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) All securities issued in connection with the Financing Transactions are subject to a hold period of four months plus a day from the date of issued thereof and the resale rules of applicable securities legislation and policies of the TSX Venture Exchange. Fort Capital Partners acted as financial advisor to PNRL on the Financing Transactions and was paid cash fees of $ 812,460 5.0 561,394 240,596 The fair value of the warrants was calculated using the following assumptions: SCHEDULE OF FAIR VALUE OF WARRANTS ASSUMPTIONS February 24, 2023 June 28, 2023 Expected dividend yield 0 % 0 % Stock price $ 1.73 $ 1.35 Expected share price volatility 77.52 % 92.06 % Risk free interest rate 4.28 % 4.13 % Expected life of warrant 2 3 As at June 30, 2023, the Company had 135,730,527 116,521,343 2022 In April 2022, PNRC completed a non-brokered private placement of 8,936,167 2.00 22,388,599 17,731,238 Finders 6 1,535,727 6 70,548 176,398 On August 3, 2022, PNRC combined with NAN in a reverse takeover transaction whereby shareholders of PNRC exchanged their shares at a rate of 1.054 5-to-1 82,157,536 77,948,368 31,748,399 113,905,935 b) Warrants A summary of common share purchase warrant activity for the three months ended June 30, 2023 was as follows: SCHEDULE OF WARRANT ACTIVITY Number Outstanding Weighted Average Exercise Price ($) December 31, 2022 1,098,786 1.96 Issued 5,895,448 1.47 Exercised - - Cancelled / expired (159,836 ) 1.97 Balance as at June 30, 2023 6,834,398 1.53 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) At June 30, 2023, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS Warrants Outstanding Expiry Date Exercise Price ($) Weighted Average remaining contractual life (years) 643,299 October 16, 2023 1 1.75 0.03 295,651 August 3, 2024 2.40 0.05 221,448 February 24, 2025 1.75 0.05 350,000 March 22, 2024 1.75 0.04 5,324,000 June 28, 2026 1.4375 2.33 6,834,398 2.50 1. The expiry date of 643,299 40,606 c) DSU Plan Effective December 2022, the Company approved a Deferred Share Unit Plan (“ DSU Plan DSUs During the three months ended June 30, 2023, DSUs have been granted as follows: SCHEDULE OF DEFERRED SHARE UNIT PLAN HAVE BEEN GRANTED 2023 Number of DSUs outstanding at December 31, 2022 200,000 Number of DSUs granted during the period 254,439 Number of DSUs outstanding at June 30, 2023 454,439 During the six months ended June 30, 2023, the DSU compensation totaled $ 306,405 298,000 d) Reserve The reserve records items recognized as stock-based compensation expense and other share-based payments until such time that the stock options or warrants are exercised, at which time the corresponding amount will be transferred to share capital. Amounts recorded for forfeited or expired unexercised options and warrants are transferred to deficit. During the six months ended June 30, 2023, the Company recorded net of $ 4,102,021 7,731,117 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2023
Related Party Transactions
RELATED PARTY TRANSACTIONS	13. RELATED PARTY TRANSACTIONS The following amounts due to related parties are included in trade payables and accrued liabilities (note 7). SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES June 30, 2023 December 31, 2022 Directors and Officers of the Company 100,592 43,235 Total 100,592 43,235 These amounts are unsecured, non-interest bearing and have no fixed terms of repayment. (a) Related party transactions As a result of the Financing Transactions on June 28, 2023, Cymbria and certain other funds managed by EdgePoint (the “ Financing Parties 14,772,000 10.9 5,324,000 three year 1.4375 14.2 During the year ended December 31, 2022, ThreeD Capital Inc. subscribed for a further 1,213,538 1,279,069 3,064,582 2,427,076 374,123 6,644,950 8,662,347 5.49 7.5 Between March 2 and March 3, 2022, PNRC issued promissory notes to its officers and directors as well as its shareholders as below: Directors and Officers of the Company 35,000 ThreeD Capital Inc. 762,180 NAN 1,270,000 Total 2,067,180 On April 30, 2022, all amounts owing in respect of the above promissory notes were repaid in full by payment of cash in an amount of $ 2,018,568 310,000 326,740 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) (b) Key management personnel is defined as members of the Board of Directors and senior officers. Key management compensation was related to the following: SCHEDULE OF KEY MANAGEMENT COMPENSATION June 30, 2023 June 30, 2022 Management fees 1,630,663 1,075,306 Corporate and administration expenses 121,182 145,418 Total 1,751,845 1,220,724

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about financial instruments [abstract]
FINANCIAL INSTRUMENTS	14. FINANCIAL INSTRUMENTS The Company thoroughly examines the various financial instrument risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may include interest rate risk, credit risk, liquidity risk, market risk and currency risk. The carrying value of cash and trade payables and accrued liabilities approximate their fair value due to their short-term nature. The fair value of the Promissory Note, Term Loan, vehicle financing and lease liability are equal to their carrying values as all these amounts carry a fix interest rate. The fair value of the DSUs is the closing price of the Company’s common shares at the end of each reporting period. Fair value measurements of financial instruments are required to be classified using a fair value hierarchy that reflects the significance of inputs in making the measurements. The levels of the fair value hierarchy are defined as follows: Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 – Inputs for the asset or liability that are not based on observable market data. On June 30, 2023 and December 31, 2022, the fair value of cash and DSUs is based on Level 1 measurements.

RISK MANAGEMENT

RISK MANAGEMENT	6 Months Ended
	Jun. 30, 2023
Risk Management
RISK MANAGEMENT	15. RISK MANAGEMENT The Company’s exposure to market risk includes, but is not limited to, the following risks: Interest Rate Risk Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is not subject to significant changes in interest rates. Foreign Currency Exchange Rate Risk Currency risk is risk that the fair value of future cash flows will fluctuate because of changes in foreign currency exchange rates. In addition, the value of cash and other financial assets and liabilities denominated in foreign currencies can fluctuate with changes in currency exchange rates. The Company primarily operates in Canada, Barbados and Botswana and undertakes transactions denominated in foreign currencies such as US dollar and Botswana Pula, and consequently is exposed to exchange rate risks. Exchange risks are managed by matching levels of foreign currency balances and related obligations and by maintaining operating cash accounts in non-Canadian dollar currencies. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) Foreign currency denominated financial assets and liabilities which expose the Company to currency risk are disclosed below. The amount shown are those reported and translated into CAD at the closing rate. SCHEDULE OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES Short -term exposure Long-term exposure USD BWP BWP June 30, 2023 Financial assets 1,525,819 624,207 38,712,709 Financial liabilities (965,233 ) (3,155,431 ) (4,213,093 ) Total exposure 560,586 (2,531,224 ) 34,499,616 Short -term exposure Long-term exposure USD BWP BWP December 31, 2022 Financial assets 2,834,303 473,980 32,058,793 Financial liabilities (1,246,825 ) (2,176,110 ) (1,530,341 ) Total exposure 1,587,478 (1,702,130 ) 30,528,452 The following table illustrates the sensitivity of net loss in relation to the Company’s financial assets and financial liabilities and the USD/CAD exchange rate and BWP/CAD exchange rate, all other things being equal. It assumes a +/- 5% change of the USD/CAD and BWP/CAD exchange rates for the six months ended June 30, 2023 and the year ended December 31, 2022, respectively. If the CAD strengthened against the USD and BWP by 5%, respectively (December 31, 2022 – 5 %), it would have had the following impact: SCHEDULE OF CHANGES IN EXCHANGE RATES Profit for the year Long-term exposure profit for the year USD BWP Total BWP June 30, 2023 28,029 (126,561 ) (98,532 ) 1,724,981 December 31, 2022 79,374 (85,106 ) (5,732 ) 1,526,423 If the CAD weakened against the USD and BWP by 5%, respectively (December 31, 2022 – 5 %), it would have had the following impact: Profit for the year Long-term exposure profit for the year USD BWP Total BWP June 30, 2023 (28,029 ) 126,561 98,532 (1,724,981 ) December 31, 2022 (79,374 ) 85,106 5,732 (1,526,423 ) The higher foreign currency exchange rate sensitivity in profit at June 30, 2023 compared with December 31, 2022 is attributable to fluctuations in foreign exchange rates, BWP and USD in relation to CAD. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) Credit Risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The credit risk is primarily associated with liquid financial assets. The Company limits exposure to credit risk on liquid financial assets by holding cash at highly-rated financial institutions. Liquidity Risk Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. The Company manages the liquidity risk inherent in these financial obligations by regularly monitoring actual cash flows to annual budget which forecast cash and expected cash availability to meet future obligations. The Company will defer discretionary expenditures, as required, in order to manage and conserve cash required for current liabilities. The following table shows the Company’s contractual obligations as at June 30, 2023: SCHEDULE OF CONTRACTUAL OBLIGATIONS Less than 1 year 1 - 2 years 2 - 5 years Total Trade payables and accrued liabilities 3,394,649 - - 3,394,649 Vehicle financing 21,624 43,249 64,873 129,746 Term loan - - 12,735,951 12,735,951 Lease liability 1,270,218 1,270,218 - 2,540,436 Total 4,686,491 1,313,467 12,800,824 18,800,782 Capital Risk Management The Company manages its capital to ensure that it will be able to continue as a going concern, so that adequate funds are available or are scheduled to be raised to meet its ongoing administrative and operating costs and obligations. This is achieved by the Board of Directors’ review and ultimate approval of budgets that are achievable within existing resources, and the timely matching and release of the next stage of expenditures with the resources made available from capital raises and debt funding from related or other parties. In doing so, the Company may issue new shares, restructure or issue new debt. The Company is not subject to any externally imposed capital requirements imposed by a regulator or a lending institution. In the management of capital, the Company includes the components of equity, loans and borrowings, and other current liabilities, net of cash. SCHEDULE OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, OTHER CURRENT LIABILITIES, NET OF CASH June 30, 2023 December 31, 2022 Shareholder’s equity 43,144,784 27,188,344 Current liabilities 4,664,867 12,462,372 Total liabilities and equity 47,809,651 39,650,716 Cash (21,607,892 ) (5,162,991 ) Total 26,201,759 34,487,725 Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars)

SEGMENTED INFORMATION

SEGMENTED INFORMATION	6 Months Ended
	Jun. 30, 2023
Segmented Information
SEGMENTED INFORMATION	16. SEGMENTED INFORMATION The Company operates in one reportable operating segment being that of the acquisition, exploration and development of mineral properties in three geographic segments being Botswana, Greenland and Canada. The Company’s geographic segments are as follows: SCHEDULE OF GEOGRAPHIC SEGMENTS June 30, 2023 December 31, 2022 Current assets Canada 20,278,942 3,198,344 Barbados 254,115 493,552 Botswana 2,402,916 2,746,450 Total 22,935,973 6,438,346 June 30, 2023 December 31, 2022 Property, plant and equipment Canada 9,670 10,714 Botswana 3,112,663 3,383,956 Total 3,122,333 3,394,670 June 30, 2023 December 31, 2022 Exploration and evaluation assets Botswana 39,583,472 31,823,982

CONTINGENT LIABILITIES

CONTINGENT LIABILITIES	6 Months Ended
	Jun. 30, 2023
Disclosure of contingent liabilities in business combination [abstract]
CONTINGENT LIABILITIES	17. CONTINGENT LIABILITIES There are no environmental liabilities associated with the Selebi Assets and the Selkirk Assets as at the acquisition dates as all liabilities prior to the acquisitions are the responsibility of the sellers, BCL and TNMC, respectively. The Company has an obligation for the rehabilitation costs arising subsequent to the acquisitions. As of June 30, 2023, management is not aware of or anticipating any contingent liabilities that could impact the financial position or performance of the Company related to its exploration and evaluation assets. The Company’s exploration and evaluation assets are affected by the laws and environmental regulations that exist in the various jurisdictions in which the Company operates. It is not possible to estimate the future contingent liabilities and the impact on the Company’s operating results due to future changes in Company’s development of its projects or future changes in such laws and environmental regulations.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
Subsequent Events
SUBSEQUENT EVENTS	18. SUBSEQUENT EVENTS On August 8, 2023, The Company granted certain directors, officers, employees and/or consultants of the Company and/or its subsidiaries an aggregate of 3,783,277 On August 16, the Company announced that it entered into a binding commitment letter with the Liquidator of BCL to acquire a 100% interest in two additional deposits, Phikwe South and the Southeast Extension, located adjacent to and immediately north of the Selebi North mine. The upfront cost to the Company to acquire these additional mineral properties is USD 1,000,000 5,000,000 As a result of the extension of the Selebi mining license, the remaining asset purchase obligations of the Company outlined in the original Selebi APA will each increase by 10%, while the trigger events remain unchanged. The existing 2% NSR held by the Liquidator with respect to production from the Selebi mining license will also apply to production from these additional deposits, subject to the Company’s existing buy-back right for 50% of the NSR

BASIS OF PREPARATION AND SIGN_2

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Basis Of Preparation And Significant Accounting Policies
Statement of Compliance	(a) Statement of Compliance These unaudited condensed interim consolidated financial statements were prepared in accordance with International Accounting Standards (“ IAS 34 Interim Financial Reporting
Basis of preparation	(b) Basis of preparation These unaudited condensed interim consolidated financial statements have been prepared under the historical cost convention, modified by the revaluation of any financial assets and financial liabilities where applicable. The preparation of unaudited condensed interim consolidated financial statements in conformity with IAS 34 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the Company’s accounting policies. The significant accounting policies used in the preparation of these unaudited condensed interim consolidated financial statements are consistent with those used in the preparation of the audited annual consolidated financial statements for the year ended December 31, 2022.
Basis of consolidation	(c) Basis of consolidation These unaudited condensed interim consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiaries. All intercompany transactions, balances, income and expenses are eliminated upon consolidation. Effective August 3, 2022, NAN completed the 100
New standards and amendments effective this year	(d) New standards and amendments effective this year IAS 1 – In February 2021, the IASB issued “Disclosure of Accounting Policies” with amendments that are intended to help preparers in deciding which accounting policies to disclose in their financial statements. The amendments are effective for year ends beginning on or after January 1, 2023. The impact of adopting this amendment on the Company’s consolidated financial statements was not significant. IAS 8 – In February 2021, the IASB issued “Definition of Accounting Estimates” to help entities distinguish between accounting policies and accounting estimates. The amendments are effective for year ends beginning on or after January 1, 2023. The impact of adopting this amendment on the Company’s consolidated financial statements was not significant.
Accounting standards and amendments issued but not yet effective	(e) Accounting standards and amendments issued but not yet effective Certain pronouncements were issued by the IASB or the IFRIC that are mandatory for accounting periods commencing on or after January 1, 2023. Many are not applicable or do not have a significant impact to the Company and have been excluded. The following have not yet been adopted and are being evaluated to determine their impact on the Company. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2023 (Expressed in Canadian dollars) IAS 1 – Presentation of Financial Statements (“ IAS 1

AMALGAMATION (Tables)

AMALGAMATION (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about business combination [abstract]
SUMMARY OF COST OF ACQUISITION	The costs of the acquisition have been allocated as follows: SUMMARY OF COST OF ACQUISITION FV of shares transferred $ 77,431,152 FV of options, warrants and agent warrants 9,665,577 FV of preferred shares 31,516 Settlement of pre-existing relationship – 15% warrant and shares* (47,985,863 ) Total FV of consideration transferred $ 39,142,383 Cash $ 11,051,917 Trade and other receivables 450,522 Property, plant and equipment 14,111 Trade payables and accrued liabilities (1,548,582 ) Net assets acquired 9,967,968 Loss on acquisition 29,174,415 Total Purchase Price $ 39,142,383
SCHEDULE OF FAIR VALUE ASSUMPTIONS OF OPTIONS AND WARRANTS	The fair value of NAN’s options and warrants as at August 3, 2022 was calculated using the following assumptions: SCHEDULE OF FAIR VALUE ASSUMPTIONS OF OPTIONS AND WARRANTS As of August 3, 2022 Warrants Options Expected dividend yield 0 % 0 % Share price of last financing $ 0.48 $ 0.48 Expected share price volatility 64.91 113.22 % 133.15 143.3 % Risk free interest rate 3.18 % 2.85 3.08 % Remaining life of warrants & options 0.03 2 2.56 4.23

OTHER RECEIVABLES (Tables)

OTHER RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2023
Other Receivables
SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS	A summary of the other receivables as at June 30, 2023 and December 31, 2022 is detailed in the table below: SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS June 30, 2023 December 31, 2022 HST paid on purchases 528,766 445,128 VAT paid on purchases 313,120 359,502 Total receivables and other current assets 841,886 804,630

EXPLORATION AND EVALUATION AS_2

EXPLORATION AND EVALUATION ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
Exploration And Evaluation Assets
SUMMARY OF EXPLORATION AND EVALUATION ASSETS	SUMMARY OF EXPLORATION AND EVALUATION ASSETS Selebi Selkirk Total Botswana Selebi Selkirk Total Balance, December 31, 2022 31,146,672 677,310 31,823,982 Beginning balance 31,146,672 677,310 31,823,982 Site operations & administration 409,000 27,857 436,857 Care & Maintenance 1,587,152 - 1,587,152 Geology 1,713,621 265,614 1,979,235 Drilling 2,017,073 6,523 2,023,596 Geophysics 891,036 17,792 908,828 Engineering 2,570,020 14,020 2,584,040 Environmental, Social and Governance 30,296 - 30,296 Metallurgy & MP 39,744 80,622 120,366 Technical studies 8,047 7,650 15,697 Health and safety 146,637 - 146,637 Impact of foreign currency translation (1,984,641 ) (88,573 ) (2,073,214 ) Balance, June 30, 2023 38,574,657 1,008,815 39,583,472 Ending balance 38,574,657 1,008,815 39,583,472

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
SUMMARY OF PROPERTY, PLANT AND EQUIPMENT	The table below sets out costs and accumulated amortization as at June 30, 2023. SUMMARY OF PROPERTY, PLANT AND EQUIPMENT Cost Land (ROU Assets) Buildings (ROU Assets) Furniture and Fixtures Exploration Equipment Generator Vehicles Computer and software Total Balance – December 31, 2022 220,242 2,857,179 126,605 11,973 31,381 241,884 1,950 3,491,214 Additions - - 61,753 - - - - 61,753 Impact of FX translation (15,398 ) (199,751 ) (3,414 ) (219 ) (1,191 ) (24,357 ) - (244,330 ) Depreciation during the period - 62,336 3,026 637 441 23,320 - 89,760 Balance – June 30, 2023 204,844 2,657,428 184,944 11,754 30,190 217,527 1,950 3,308,637 Accumulated Depreciation Land (ROU Assets) Buildings (ROU Assets) Furniture and Fixtures Exploration Equipment Generator Vehicles Computer and software Total Balance – December 31, 2022 - 51,124 1,872 1,447 562 39,589 1,950 96,544 Depreciation during the period - 62,336 3,026 637 441 23,320 - 89,760 Balance – June 30, 2023 - 113,460 4,898 2,084 1,003 62,909 1,950 186,304 Carrying Value Land (ROU Assets) Buildings (ROU Assets) Furniture and Fixtures Exploration Equipment Generator Vehicles Computer and Software Total Balance – December 31, 2022 220,242 2,806,055 124,733 10,526 30,819 202,295 - 3,394,670 Beginning Balance 220,242 2,806,055 124,733 10,526 30,819 202,295 - 3,394,670 Balance – June 30, 2023 204,844 2,543,968 180,046 9,670 29,187 154,618 - 3,122,333 Ending Balance 204,844 2,543,968 180,046 9,670 29,187 154,618 - 3,122,333

TRADE PAYABLES AND ACCRUED LI_2

TRADE PAYABLES AND ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Trade Payables And Accrued Liabilities
SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES	SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES June 30, 2023 December 31, 2022 Amounts due to related parties (note 11) 100,592 43,235 Trade payables 3,058,268 3,660,519 Accrued liabilities 235,789 321,962 Trade payables and accrued liabilities 3,394,649 4,025,716

PROMISSORY NOTE (Tables)

PROMISSORY NOTE (Tables)	6 Months Ended
	Jun. 30, 2023
Promissory Note
SCHEDULE OF FAIR VALUE OF LENDER WARRANTS ASSUMPTIONS	The fair value of the Lender warrants was calculated using the following assumptions: SCHEDULE OF FAIR VALUE OF LENDER WARRANTS ASSUMPTIONS March 31, 2023 Expected dividend yield 0 % Stock price $ 1.40 Expected share price volatility 77.2 % Risk free interest rate 3.49 % Expected life of warrant 1

TERM LOAN (Tables)

TERM LOAN (Tables)	6 Months Ended
	Jun. 30, 2023
Term Loan
SCHEDULE OF FAIR VALUE OF NON-TRANSFERABLE WARRANTS ASSUMPTIONS	SCHEDULE OF FAIR VALUE OF NON-TRANSFERABLE WARRANTS ASSUMPTIONS June 28, 2023 Expected dividend yield 0 % Stock price $ 1.35 Expected share price volatility 92.06 % Risk free interest rate 4.13 % Expected life of warrant 3
SCHEDULE OF TERM LOAN	The following is a continuity of the Term Loan SCHEDULE OF TERM LOAN $ Principal amount of the Term Loan 15,000,000 Fair value of the attached warrants (1,587,232 ) Term Loan at fair value on issuance, Jun 28, 2023 13,412,768 Transaction costs (695,798 ) Accrued interest 12,329 Amortization of warrant FV and transaction costs 6,652 Total 12,735,951

LEASE LIABILITY (Tables)

LEASE LIABILITY (Tables)	6 Months Ended
	Jun. 30, 2023
Lease Liability
SCHEDULE OF DETAILS OF LEASE LIABILITIES	The details of lease liabilities are as follows: SCHEDULE OF DETAILS OF LEASE LIABILITIES June 30, 2023 lease liabilities as of December 31, 2022 2,731,394 Lease payments (95,479 ) Interest expense on lease liabilities 78,906 Impact of FX translation (174,385 ) IFRS 16 lease liabilities as of end of year 2,540,436 Current portion of lease liability (less than one year) 1,270,218 Long-term lease liability (one to five year) 1,270,218

SHARE CAPITAL, WARRANTS AND O_2

SHARE CAPITAL, WARRANTS AND OPTIONS (Tables)	6 Months Ended
	Jun. 30, 2023
Share Capital Warrants And Options
SCHEDULE OF FAIR VALUE OF WARRANTS ASSUMPTIONS	The fair value of the warrants was calculated using the following assumptions: SCHEDULE OF FAIR VALUE OF WARRANTS ASSUMPTIONS February 24, 2023 June 28, 2023 Expected dividend yield 0 % 0 % Stock price $ 1.73 $ 1.35 Expected share price volatility 77.52 % 92.06 % Risk free interest rate 4.28 % 4.13 % Expected life of warrant 2 3
SCHEDULE OF WARRANT ACTIVITY	A summary of common share purchase warrant activity for the three months ended June 30, 2023 was as follows: SCHEDULE OF WARRANT ACTIVITY Number Outstanding Weighted Average Exercise Price ($) December 31, 2022 1,098,786 1.96 Issued 5,895,448 1.47 Exercised - - Cancelled / expired (159,836 ) 1.97 Balance as at June 30, 2023 6,834,398 1.53
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS	At June 30, 2023, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS Warrants Outstanding Expiry Date Exercise Price ($) Weighted Average remaining contractual life (years) 643,299 October 16, 2023 1 1.75 0.03 295,651 August 3, 2024 2.40 0.05 221,448 February 24, 2025 1.75 0.05 350,000 March 22, 2024 1.75 0.04 5,324,000 June 28, 2026 1.4375 2.33 6,834,398 2.50 1. The expiry date of 643,299 40,606
SCHEDULE OF DEFERRED SHARE UNIT PLAN HAVE BEEN GRANTED	During the three months ended June 30, 2023, DSUs have been granted as follows: SCHEDULE OF DEFERRED SHARE UNIT PLAN HAVE BEEN GRANTED 2023 Number of DSUs outstanding at December 31, 2022 200,000 Number of DSUs granted during the period 254,439 Number of DSUs outstanding at June 30, 2023 454,439

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions
SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES	The following amounts due to related parties are included in trade payables and accrued liabilities (note 7). SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES June 30, 2023 December 31, 2022 Directors and Officers of the Company 100,592 43,235 Total 100,592 43,235 Directors and Officers of the Company 35,000 ThreeD Capital Inc. 762,180 NAN 1,270,000 Total 2,067,180
SCHEDULE OF KEY MANAGEMENT COMPENSATION	Key management compensation was related to the following: SCHEDULE OF KEY MANAGEMENT COMPENSATION June 30, 2023 June 30, 2022 Management fees 1,630,663 1,075,306 Corporate and administration expenses 121,182 145,418 Total 1,751,845 1,220,724

RISK MANAGEMENT (Tables)

RISK MANAGEMENT (Tables)	6 Months Ended
	Jun. 30, 2023
Risk Management
SCHEDULE OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES	Foreign currency denominated financial assets and liabilities which expose the Company to currency risk are disclosed below. The amount shown are those reported and translated into CAD at the closing rate. SCHEDULE OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES Short -term exposure Long-term exposure USD BWP BWP June 30, 2023 Financial assets 1,525,819 624,207 38,712,709 Financial liabilities (965,233 ) (3,155,431 ) (4,213,093 ) Total exposure 560,586 (2,531,224 ) 34,499,616 Short -term exposure Long-term exposure USD BWP BWP December 31, 2022 Financial assets 2,834,303 473,980 32,058,793 Financial liabilities (1,246,825 ) (2,176,110 ) (1,530,341 ) Total exposure 1,587,478 (1,702,130 ) 30,528,452
SCHEDULE OF CHANGES IN EXCHANGE RATES	If the CAD strengthened against the USD and BWP by 5%, respectively (December 31, 2022 – 5 %), it would have had the following impact: SCHEDULE OF CHANGES IN EXCHANGE RATES Profit for the year Long-term exposure profit for the year USD BWP Total BWP June 30, 2023 28,029 (126,561 ) (98,532 ) 1,724,981 December 31, 2022 79,374 (85,106 ) (5,732 ) 1,526,423 If the CAD weakened against the USD and BWP by 5%, respectively (December 31, 2022 – 5 %), it would have had the following impact: Profit for the year Long-term exposure profit for the year USD BWP Total BWP June 30, 2023 (28,029 ) 126,561 98,532 (1,724,981 ) December 31, 2022 (79,374 ) 85,106 5,732 (1,526,423 )
SCHEDULE OF CONTRACTUAL OBLIGATIONS	The following table shows the Company’s contractual obligations as at June 30, 2023: SCHEDULE OF CONTRACTUAL OBLIGATIONS Less than 1 year 1 - 2 years 2 - 5 years Total Trade payables and accrued liabilities 3,394,649 - - 3,394,649 Vehicle financing 21,624 43,249 64,873 129,746 Term loan - - 12,735,951 12,735,951 Lease liability 1,270,218 1,270,218 - 2,540,436 Total 4,686,491 1,313,467 12,800,824 18,800,782
SCHEDULE OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, OTHER CURRENT LIABILITIES, NET OF CASH	In the management of capital, the Company includes the components of equity, loans and borrowings, and other current liabilities, net of cash. SCHEDULE OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, OTHER CURRENT LIABILITIES, NET OF CASH June 30, 2023 December 31, 2022 Shareholder’s equity 43,144,784 27,188,344 Current liabilities 4,664,867 12,462,372 Total liabilities and equity 47,809,651 39,650,716 Cash (21,607,892 ) (5,162,991 ) Total 26,201,759 34,487,725

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2023
Segmented Information
SCHEDULE OF GEOGRAPHIC SEGMENTS	SCHEDULE OF GEOGRAPHIC SEGMENTS June 30, 2023 December 31, 2022 Current assets Canada 20,278,942 3,198,344 Barbados 254,115 493,552 Botswana 2,402,916 2,746,450 Total 22,935,973 6,438,346 June 30, 2023 December 31, 2022 Property, plant and equipment Canada 9,670 10,714 Botswana 3,112,663 3,383,956 Total 3,122,333 3,394,670 June 30, 2023 December 31, 2022 Exploration and evaluation assets Botswana 39,583,472 31,823,982

NATURE OF OPERATIONS AND GOIN_2

NATURE OF OPERATIONS AND GOING CONCERN (Details Narrative) - CAD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Nature Of Operations And Going Concern
Net loss	$ 3,292,019	$ 1,005,329	$ 5,677,602	$ 24,235,060

BASIS OF PREPARATION AND SIGN_3

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Aug. 03, 2022
North American Nickel Inc [member]
Reserve Quantities [Line Items]
Percentage of voting equity interests acquired	100%

SUMMARY OF COST OF ACQUISITION

SUMMARY OF COST OF ACQUISITION (Details) - North American Nickel Inc [member]	Apr. 26, 2022 CAD ($)
IfrsStatementLineItems [Line Items]
FV of shares transferred	$ 77,431,152
FV of options, warrants and agent warrants	9,665,577
FV of preferred shares	31,516
Settlement of pre-existing relationship – 15% warrant and shares*	(47,985,863)
Total Purchase Price	39,142,383
Cash	11,051,917
Trade and other receivables	450,522
Property, plant and equipment	14,111
Trade payables and accrued liabilities	(1,548,582)
Net assets acquired	9,967,968
Loss on acquisition	$ 29,174,415

SUMMARY OF COST OF ACQUISITIO_2

SUMMARY OF COST OF ACQUISITION (Details) (Parenthetical) - CAD ($)	Aug. 03, 2022	Jun. 30, 2023	Jun. 28, 2023	Dec. 31, 2022	Jun. 30, 2022	[1]	Dec. 31, 2021
Reserve Quantities [Line Items]
Number of common shares		135,730,527		116,521,343
Warrant percent	15%
Fair value of warrants		$ 1,587,232	$ (1,587,232)
Expected life of warrants	2 years 6 months 25 days
Expected dividend yield	0%
Risk free interest rate	3.14%
Expected volatility rate	141.63%
Ordinary shares [member]
Reserve Quantities [Line Items]
Number of common shares		135,730,527		116,521,343	85,616,075		76,679,908
North American Nickel Inc [member]
Reserve Quantities [Line Items]
Fair value of warrants	$ 28,275,255
Fair value of shares	$ 19,710,608
North American Nickel Inc [member] | Ordinary shares [member]
Reserve Quantities [Line Items]
Number of common shares	7,667,707
Outstanding capital percent	15%
Capital to be issued	$ 10,000,000
[1]The number of shares shown is on a pre-RTO (defined below in Note 1) and pre-consolidation basis, representing the actual number of shares outstanding of PNRC (defined below in Note 1) as at June, 2022. In connection with the RTO, shareholders of PNRC exchanged their shares at a rate of 1.054 90,239,343

SCHEDULE OF FAIR VALUE ASSUMPTI

SCHEDULE OF FAIR VALUE ASSUMPTIONS OF OPTIONS AND WARRANTS (Details) - $ / shares	Jun. 28, 2023	Feb. 24, 2023	Aug. 03, 2022
IfrsStatementLineItems [Line Items]
Expected dividend yield			0%
Expected share price volatility			141.63%
Risk free interest rate			3.14%
Warrants [member]
IfrsStatementLineItems [Line Items]
Expected dividend yield	0%	0%	0%
Share price of last financing			$ 0.48
Expected share price volatility	92.06%	77.52%
Risk free interest rate	4.13%	4.28%	3.18%
Warrants [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected share price volatility			64.91%
Remaining life of warrants and options			10 days
Warrants [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Expected share price volatility			113.22%
Remaining life of warrants and options			2 years
Options [member]
IfrsStatementLineItems [Line Items]
Expected dividend yield			0%
Share price of last financing			$ 0.48
Options [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected share price volatility			133.15%
Risk free interest rate			2.85%
Remaining life of warrants and options			2 years 6 months 21 days
Options [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Expected share price volatility			143.30%
Risk free interest rate			3.08%
Remaining life of warrants and options			4 years 2 months 23 days

AMALGAMATION (Details Narrative

AMALGAMATION (Details Narrative)			3 Months Ended		6 Months Ended
	Aug. 03, 2022 CAD ($) shares	Apr. 26, 2022	Jun. 30, 2023 CAD ($) shares	Jun. 30, 2022 CAD ($) shares	Jun. 30, 2023 CAD ($) shares	Jun. 30, 2022 CAD ($) shares	Jun. 28, 2023 CAD ($)	Aug. 03, 2022 $ / shares	Aug. 03, 2022 CAD ($) shares
IfrsStatementLineItems [Line Items]
Share consolidation description					5-for-1
Common share issued			135,730,527	90,239,343	135,730,527	90,239,343
Outstanding shares	31,748,399
Fair value of options, warrants and preferred shares | $									$ 9,665,577
Transaction costs | $							$ (695,798)		$ 2,327,125
Net loss of RTO | $			$ (3,292,019)	$ (1,005,329)	$ (5,677,602)	$ (24,235,060)
Preference shares [member]
IfrsStatementLineItems [Line Items]
Conversion of stock, shares issued									118,186
Conversion of stock, shares to be issued									13,131
Net loss of RTO | $
Premium nickel resources corporation [member]
IfrsStatementLineItems [Line Items]
Common share issued									82,157,536
Outstanding shares	77,948,368
Ownership percentage of post RTO	72.10%
Options to purchase shares	8,375,000
Unvested options									2,383,333
Fair value of stock option | $									$ 5,138,022
Share price | $ / shares								$ 2
North American Nickel Inc [member]
IfrsStatementLineItems [Line Items]
Ownership percentage of post RTO	27.90%
Option outstanding									2,995,794
Warrants outstanding									2,228,340
Reverse takeover transaction [member]
IfrsStatementLineItems [Line Items]
Options to purchase shares	8,827,250
Net loss of RTO | $	$ 29,174,415
North American Nickel Inc [member] | Amalgamation Agreement [member]
IfrsStatementLineItems [Line Items]
Exchange ratio for RTO		1.054							1.054
Share consolidation description	5-to-1	5-to-1

SCHEDULE OF RECEIVABLES AND OTH

SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS (Details) - CAD ($)	Jun. 30, 2023	Dec. 31, 2022
Other Receivables
HST paid on purchases	$ 528,766	$ 445,128
VAT paid on purchases	313,120	359,502
Total receivables and other current assets	$ 841,886	$ 804,630

SUMMARY OF EXPLORATION AND EVAL

SUMMARY OF EXPLORATION AND EVALUATION ASSETS (Details) - Exploration and Evaluation Assets Arising from Exploration [Member]	6 Months Ended
	Jun. 30, 2023 CAD ($)
IfrsStatementLineItems [Line Items]
Beginning balance	$ 31,823,982
Site operations & administration	436,857
Care & Maintenance	1,587,152
Geology	1,979,235
Drilling	2,023,596
Geophysics	908,828
Engineering	2,584,040
Environmental, Social and Governance	30,296
Metallurgy & MP	120,366
Technical studies	15,697
Health and safety	146,637
Impact of foreign currency translation	(2,073,214)
Ending balance	39,583,472
Selebi [member] | BW [member]
IfrsStatementLineItems [Line Items]
Beginning balance	31,146,672
Site operations & administration	409,000
Care & Maintenance	1,587,152
Geology	1,713,621
Drilling	2,017,073
Geophysics	891,036
Engineering	2,570,020
Environmental, Social and Governance	30,296
Metallurgy & MP	39,744
Technical studies	8,047
Health and safety	146,637
Impact of foreign currency translation	(1,984,641)
Ending balance	38,574,657
Selkirk [member] | BW [member]
IfrsStatementLineItems [Line Items]
Beginning balance	677,310
Site operations & administration	27,857
Care & Maintenance
Geology	265,614
Drilling	6,523
Geophysics	17,792
Engineering	14,020
Environmental, Social and Governance
Metallurgy & MP	80,622
Technical studies	7,650
Health and safety
Impact of foreign currency translation	(88,573)
Ending balance	$ 1,008,815

EXPLORATION AND EVALUATION AS_3

EXPLORATION AND EVALUATION ASSETS (Details Narrative)							6 Months Ended
	Aug. 22, 2022 USD ($)	Aug. 22, 2022 CAD ($)	Sep. 28, 2021 USD ($)	Sep. 28, 2021 CAD ($)	Mar. 22, 2021 USD ($)	Mar. 22, 2021 CAD ($)	Jun. 30, 2023 CAD ($)	Jun. 30, 2022 CAD ($)	Aug. 22, 2022 CAD ($)	Sep. 28, 2021 CAD ($)
Selebi [member]
IfrsStatementLineItems [Line Items]
Assets purchase price			$ 56,750,000							$ 76,862,200
Closing payment			1,750,000	$ 2,086,830
Second installment of asset purchase price			25,000,000	33,860,000
Third installment of asset purchase price			30,000,000	40,632,000
Payment of care and maintenance					$ 5,178,747	$ 6,164,688
Acquisition cost			1,750,000							$ 2,086,830
Payment of care and maintenance funding			$ 5,178,747	$ 6,164,688
Payment of second instalment	$ 25,000,000	$ 33,860,000
Payment of third instalment	30,000,000	$ 40,632,000
Exploration related cost							$ 7,759,490
Selkirk [member]
IfrsStatementLineItems [Line Items]
Acquisition cost	$ 244,954								$ 327,109
Exploration and assets related expenditure								$ 11,014,139

SUMMARY OF PROPERTY, PLANT AND

SUMMARY OF PROPERTY, PLANT AND EQUIPMENT (Details)	6 Months Ended
	Jun. 30, 2023 CAD ($)
IfrsStatementLineItems [Line Items]
Beginning Balance	$ 3,394,670
Ending Balance	3,122,333
Land [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	220,242
Ending Balance	204,844
Buildings [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	2,806,055
Ending Balance	2,543,968
Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	124,733
Ending Balance	180,046
Exploration equipment [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	10,526
Ending Balance	9,670
Generator [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	30,819
Ending Balance	29,187
Vehicles [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	202,295
Ending Balance	154,618
Computer equipments and software [member]
IfrsStatementLineItems [Line Items]
Beginning Balance
Ending Balance
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	3,491,214
Additions	61,753
Impact of FX translation	(244,330)
Ending Balance	3,308,637
Gross carrying amount [member] | Land [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	220,242
Additions
Impact of FX translation	(15,398)
Ending Balance	204,844
Gross carrying amount [member] | Buildings [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	2,857,179
Additions
Impact of FX translation	(199,751)
Ending Balance	2,657,428
Gross carrying amount [member] | Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	126,605
Additions	61,753
Impact of FX translation	(3,414)
Ending Balance	184,944
Gross carrying amount [member] | Exploration equipment [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	11,973
Additions
Impact of FX translation	(219)
Ending Balance	11,754
Gross carrying amount [member] | Generator [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	31,381
Additions
Impact of FX translation	(1,191)
Ending Balance	30,190
Gross carrying amount [member] | Vehicles [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	241,884
Additions
Impact of FX translation	(24,357)
Ending Balance	217,527
Gross carrying amount [member] | Computer equipments and software [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	1,950
Additions
Impact of FX translation
Ending Balance	1,950
Accumulated depreciation [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	96,544
Depreciation during the period	89,760
Ending Balance	186,304
Accumulated depreciation [member] | Land [member]
IfrsStatementLineItems [Line Items]
Beginning Balance
Depreciation during the period
Ending Balance
Accumulated depreciation [member] | Buildings [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	51,124
Depreciation during the period	62,336
Ending Balance	113,460
Accumulated depreciation [member] | Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	1,872
Depreciation during the period	3,026
Ending Balance	4,898
Accumulated depreciation [member] | Exploration equipment [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	1,447
Depreciation during the period	637
Ending Balance	2,084
Accumulated depreciation [member] | Generator [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	562
Depreciation during the period	441
Ending Balance	1,003
Accumulated depreciation [member] | Vehicles [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	39,589
Depreciation during the period	23,320
Ending Balance	62,909
Accumulated depreciation [member] | Computer equipments and software [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	1,950
Depreciation during the period
Ending Balance	$ 1,950

SUMMARY OF TRADE PAYABLES AND A

SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES (Details) - CAD ($)	Jun. 30, 2023	Mar. 03, 2023	Dec. 31, 2022
Trade Payables And Accrued Liabilities
Amounts due to related parties (note 11)	$ 100,592	$ 2,067,180	$ 43,235
Trade payables	3,058,268		3,660,519
Accrued liabilities	235,789		321,962
Trade payables and accrued liabilities	$ 3,394,649		$ 4,025,716

SCHEDULE OF FAIR VALUE OF LENDE

SCHEDULE OF FAIR VALUE OF LENDER WARRANTS ASSUMPTIONS (Details) - $ / shares		3 Months Ended
	Aug. 03, 2022	Mar. 31, 2023
IfrsStatementLineItems [Line Items]
Expected dividend yield	0%
Expected share price volatility	141.63%
Risk free interest rate	3.14%
Lender warrants [member]
IfrsStatementLineItems [Line Items]
Expected dividend yield		0%
Stock price		$ 1.40
Expected share price volatility		77.20%
Risk free interest rate		3.49%
Expected life of options		1 year

PROMISSORY NOTE (Details Narrat

PROMISSORY NOTE (Details Narrative)					6 Months Ended
	Jun. 28, 2023 CAD ($)	Mar. 17, 2023 CAD ($) shares $ / shares	Nov. 21, 2022 CAD ($)	Apr. 30, 2022 CAD ($)	Jun. 30, 2023 CAD ($) shares	Jun. 30, 2022 CAD ($)	Dec. 31, 2022 CAD ($)
IfrsStatementLineItems [Line Items]
Number of warrants issued | shares					5,895,448
Fees and fair value of warrants				$ 2,018,568	$ 7,637,329
Lender warrants [member]
IfrsStatementLineItems [Line Items]
Fair value of warrants liability					116,177
Lender [member]
IfrsStatementLineItems [Line Items]
Non-transferrable common share purchase warrants | shares		350,000
Lender [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants issued | shares		119,229
Amended and restated promissory note [member]
IfrsStatementLineItems [Line Items]
Extend maturity date description		March 22, 2023 to November 24, 2023
Promissory note restatement fee		$ 225,000
Amended and restated promissory note [member] | Lender warrants [member]
IfrsStatementLineItems [Line Items]
Warrant exercise price | $ / shares		$ 1.75
Fair value of warrants liability					225,000
Fees and fair value of warrants	$ 7,637,329
Pinnacle island LP [member]
IfrsStatementLineItems [Line Items]
Bridge loan			$ 7,000,000
Proceeds from loans			6,740,000
Commitment fee			260,000
Promissory note principal amount			$ 7,000,000
Annual interest rate			10%
Maturity date			February 22, 2023
Extend maturity date description			The Company extended the maturity to March 22, 2023
Accrued interest					$ 341,370		$ 70,959

SCHEDULE OF FAIR VALUE OF NON-T

SCHEDULE OF FAIR VALUE OF NON-TRANSFERABLE WARRANTS ASSUMPTIONS (Details) - $ / shares	Jun. 28, 2023	Aug. 03, 2022
IfrsStatementLineItems [Line Items]
Expected dividend yield		0%
Expected share price volatility		141.63%
Risk free interest rate		3.14%
Non Transferable Warrants [member]
IfrsStatementLineItems [Line Items]
Expected dividend yield	0%
Stock price	$ 1.35
Expected share price volatility	92.06%
Risk free interest rate	4.13%
Expected life of options	3 years

SCHEDULE OF TERM LOAN (Details)

SCHEDULE OF TERM LOAN (Details) - CAD ($)	Jun. 30, 2023	Jun. 28, 2023	Dec. 31, 2022	Aug. 03, 2022
Term Loan
Principle amount		$ 15,000,000
Fair value of warrants	$ 1,587,232	(1,587,232)
Term Loan fair value on issuance		13,412,768
Transaction costs		(695,798)		$ 2,327,125
Accrued interest	12,329	12,329
Amortization of warrant FV and transaction costs		6,652
Term loan	$ 12,735,951	$ 12,735,951

TERM LOAN (Details Narrative)

TERM LOAN (Details Narrative) - CAD ($)		6 Months Ended
	Jun. 28, 2023	Jun. 30, 2023	Jun. 30, 2022
IfrsStatementLineItems [Line Items]
Aggregate gross proceeds to PNRL		$ 14,304,202
Notional amount	$ 15,000,000
Description of prepayment fee	if prepayment occurs within one year of the closing date, a prepayment fee in an amount equal to 10% of the principal amount of the Term Loan being prepaid less interest paid or payable on or prior to the date of prepayment attributable to the portion of the Term Loan
Description of repayment of term loan	Company shall repay the Term Loan in full plus a fee equal to 10% of the then-outstanding principal amount of the Term Loan.
Proceeds from term loan to prepay all principal, interest and fees		7,637,329
Accrued interest	$ 12,329	12,329
Fair value of warrant	$ (1,587,232)	$ 1,587,232
Non Transferable Warrants [member]
IfrsStatementLineItems [Line Items]
Warrant shares issued	2,000,000
Warrant exercise price	$ 1.4375
Edge Point Investment Group Inc [Member]
IfrsStatementLineItems [Line Items]
Aggregate gross proceeds to PNRL	$ 33,999,200
Equity instruments held	$ 16,249,200
Debt instruments term	3 years
Principal amount of term loan	$ 15,000,000
Option payment	$ 2,750,000
Acquire percentage	0.50%
Term loan interest rate	10%
Increasing percentage of interest rate payable on term loan	15%
Notional amount	$ 100,000
Edge Point Investment Group Inc [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Notional amount	$ 500,000

SCHEDULE OF DETAILS OF LEASE LI

SCHEDULE OF DETAILS OF LEASE LIABILITIES (Details) - CAD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Lease Liability
lease liabilities as of December 31, 2022	$ 2,731,394
Lease payments	(95,479)
Interest expense on lease liabilities	78,906
Impact of FX translation	(174,385)
IFRS 16 lease liabilities as of end of year	2,540,436
Current portion of lease liability (less than one year)	1,270,218	$ 1,365,697
Long-term lease liability (one to five year)	$ 1,270,218	$ 1,365,697

LEASE LIABILITY (Details Narrat

LEASE LIABILITY (Details Narrative) - Tuli Tourism Pty Ltd. [member]	Jul. 09, 2022 CAD ($)	Jul. 09, 2022 BWP (P)	Aug. 01, 2024 CAD ($)	Aug. 01, 2024 BWP (P)	Jul. 01, 2023 CAD ($)	Jul. 01, 2023 BWP (P)	Aug. 17, 2022 CAD ($)	Aug. 17, 2022 BWP (P)	Jul. 09, 2022 BWP (P)
IfrsStatementLineItems [Line Items]
Asset purchase price	$ 3,213,404	P 30,720,000
Deposits paid							$ 482,011	P 4,608,000
Interest payable current	13,657								P 130,560
Interest payable noncurrent	$ 6,828								P 65,280
Non-adjusting events after reporting period [member]
IfrsStatementLineItems [Line Items]
Installment of asset purchase price			$ 1,365,697	P 13,056,000	$ 1,365,697	P 13,056,000

NSR OPTION LIABLITY (Details Na

NSR OPTION LIABLITY (Details Narrative)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CAD ($)	Jun. 28, 2023 USD ($)	Jun. 28, 2023 CAD ($)	Dec. 31, 2022 CAD ($)
IfrsStatementLineItems [Line Items]
Option liability		$ 2,750,000		$ 2,750,000
Percentage of net smelter returns royalty acquired			0.50%	0.50%
Selebi Mines [Member]
IfrsStatementLineItems [Line Items]
Royalty expense	$ 8,102,500	10,675,231
Selkirk Mine [Member]
IfrsStatementLineItems [Line Items]
Royalty expense	$ 810,250	$ 1,067,523
Premium Nickel Resources Proprietary Limited [Member]
IfrsStatementLineItems [Line Items]
Option liability				$ 2,500,000
Premium Nickel Resources Proprietary Limited [Member] | Acquisition Agreement [member]
IfrsStatementLineItems [Line Items]
Acquire percentage			2%	2%
Payment to liquidator			$ 20,000,000
Premium Nickel Group Proprietary Limited [Member]
IfrsStatementLineItems [Line Items]
Option liability				$ 250,000
Premium Nickel Group Proprietary Limited [Member] | Acquisition Agreement [member]
IfrsStatementLineItems [Line Items]
Acquire percentage			1%	1%
Payment to liquidator			$ 2,000,000
PNRP and PNGP [Member]
IfrsStatementLineItems [Line Items]
Percentage of net smelter returns royalty acquired			0.50%	0.50%

SCHEDULE OF FAIR VALUE OF WARRA

SCHEDULE OF FAIR VALUE OF WARRANTS ASSUMPTIONS (Details) - $ / shares	Jun. 28, 2023	Feb. 24, 2023	Aug. 03, 2022
IfrsStatementLineItems [Line Items]
Expected dividend yield			0%
Expected share price volatility			141.63%
Risk free interest rate			3.14%
Warrants [member]
IfrsStatementLineItems [Line Items]
Expected dividend yield	0%	0%	0%
Stock price	$ 1.35	$ 1.73
Expected share price volatility	92.06%	77.52%
Risk free interest rate	4.13%	4.28%	3.18%
Expected life of options	3 years	2 years

SCHEDULE OF WARRANT ACTIVITY (D

SCHEDULE OF WARRANT ACTIVITY (Details)	6 Months Ended
	Jun. 30, 2023 shares $ / shares
Share Capital Warrants And Options
Issued | shares	1,098,786
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 1.96
Issued | shares	5,895,448
Weighted Average Exercise Price, issued | $ / shares	$ 1.47
Exercised | shares
Weighted Average Exercise Price, exercised | $ / shares
Cancelled\expired | shares	(159,836)
Weighted Average Exercise Price, Cancelled / expired | $ / shares	$ 1.97
Outstanding at End of year | shares	6,834,398
Weighted Average Exercise Price, Outstanding at end of year | $ / shares	$ 1.53

SCHEDULE OF NUMBER AND WEIGHTED

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS (Details) - $ / shares	6 Months Ended
	Jun. 30, 2023	Apr. 16, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Warrants outstanding	6,834,398	40,606	1,098,786
Weighted Average remaining contractual life (years)	2 years 6 months
Warrants expiring April 16, 2023 [member]
IfrsStatementLineItems [Line Items]
Warrants outstanding	643,299
Exercise price	$ 1.75
Weighted Average remaining contractual life (years)	10 days
Warrants expiring August 3, 2024 [member]
IfrsStatementLineItems [Line Items]
Warrants outstanding	295,651
Exercise price	$ 2.40
Weighted Average remaining contractual life (years)	18 days
Warrants expiring November 24, 2023 [member]
IfrsStatementLineItems [Line Items]
Warrants outstanding	221,448
Warrants expiring February 24, 2025 [member]
IfrsStatementLineItems [Line Items]
Exercise price	$ 1.75
Weighted Average remaining contractual life (years)	18 days
Warrants expiring March 22, 2024 [member]
IfrsStatementLineItems [Line Items]
Warrants outstanding	350,000
Exercise price	$ 1.75
Weighted Average remaining contractual life (years)	14 days
Warrants Expiring June Twenty Eight Two Thousand Twenty Six [member]
IfrsStatementLineItems [Line Items]
Warrants outstanding	5,324,000
Exercise price	$ 1.4375
Weighted Average remaining contractual life (years)	2 years 3 months 29 days

SCHEDULE OF NUMBER AND WEIGHT_2

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS (Details) (Parenthetical) - shares	Oct. 16, 2023	Jun. 30, 2023	Apr. 16, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Warrants outstanding		6,834,398	40,606	1,098,786
Forecast [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding	643,299

SCHEDULE OF DEFERRED SHARE UNIT

SCHEDULE OF DEFERRED SHARE UNIT PLAN HAVE BEEN GRANTED (Details)	3 Months Ended
	Jun. 30, 2023 shares
IfrsStatementLineItems [Line Items]
Ending balance, shares	135,730,527
Deferred share unit plan [member]
IfrsStatementLineItems [Line Items]
Beginning balance, shares	200,000
Number of DSUs granted during the period	254,439
Ending balance, shares	454,439

SHARE CAPITAL, WARRANTS AND O_3

SHARE CAPITAL, WARRANTS AND OPTIONS (Details Narrative)					1 Months Ended		6 Months Ended		12 Months Ended
	Jun. 28, 2023 CAD ($) $ / shares shares	Feb. 24, 2023 CAD ($) $ / shares shares	Aug. 03, 2022 $ / shares shares	Apr. 26, 2022	Apr. 30, 2022 USD ($) $ / shares shares	Apr. 30, 2022 CAD ($) shares	Jun. 30, 2023 CAD ($) $ / shares shares	Jun. 30, 2022 CAD ($) shares	Dec. 31, 2022 CAD ($) shares	Apr. 16, 2023 shares	Mar. 31, 2023 shares
IfrsStatementLineItems [Line Items]
Share consolidation description							5-for-1
Common share issued							135,730,527	90,239,343
Warrants outstanding							6,834,398		1,098,786	40,606
Share issue cost | $							$ 1,666,097	$ 1,951,475
Common shares outstanding							135,730,527		116,521,343
Outstanding shares			31,748,399
Share capital of the company immediately post RTO, Shares			113,905,935
Share based compensation | $								$ 2,593,095
Reserves | $							$ 4,102,021		$ 7,731,117
Deferred share unit plan [member]
IfrsStatementLineItems [Line Items]
Common shares outstanding							454,439				200,000
Share based compensation | $							$ 306,405		$ 298,000
Premium nickel resources corporation [member]
IfrsStatementLineItems [Line Items]
Common share issued			82,157,536
Subscription Receipts price per share | $ / shares			$ 2
Outstanding shares			77,948,368
North American Nickel Inc [member]
IfrsStatementLineItems [Line Items]
Share capital of the company immediately post RTO, Shares			31,748,399
Amalgamation Agreement [member] | North American Nickel Inc [member]
IfrsStatementLineItems [Line Items]
Share consolidation description			5-to-1	5-to-1
Share exchange ratio for RTO			1.054	1.054
Brokered private placement [member]
IfrsStatementLineItems [Line Items]
Common share issued		4,437,184
Subscription Receipts price per share | $ / shares		$ 1.75
Gross proceeds | $		$ 7,765,072
Broker warrants [member]
IfrsStatementLineItems [Line Items]
Description for offering shares							In connection with the Offering, the Company: (a) paid to the agents a cash commission of $473,383, equal to 6% of the gross proceeds (other than on certain president’s list purchasers on which a cash commission of 3% was paid); and (b) issued to the agents that number of non-transferable broker warrants of the Company (the “Broker Warrants”) as is equal to 6% of the number of common Shares sold under the Offering (other than on common shares issued to president’s list purchasers on which Broker Warrants equal to 3% were issued).
Warrant exercise price | $ / shares							$ 1.75
Warrants outstanding							221,448
Fair value of warrants liability | $							$ 167,939
Share issuance cost | $							$ 133,164
Financing transactions [member]
IfrsStatementLineItems [Line Items]
Common share issued	14,772,000
Subscription Receipts price per share | $ / shares	$ 1.10
Gross proceeds | $	$ 16,249,200
Warrant exercise price | $ / shares	$ 1.4375
Warrants outstanding	5,324,000
Fair value of warrants liability | $	$ 1,898,349
Description of transferable warrant	Each unit comprises one common share of PNRL and 22.5% of one whole common share purchase warrant
Number of transferable warrants issuable in equity financing	3,324,000
Cash fees | $	$ 812,460
Percentage of gross proceeds of equity portion	5%
Legal fees | $	$ 561,394
Share issue cost | $	$ 240,596
Non-brokered private placement [member]
IfrsStatementLineItems [Line Items]
Subscription Receipts price per share | $ / shares					$ 2
Gross proceeds					$ 17,731,238	$ 22,388,599
Non-brokered private placement [member] | Finder One [Member]
IfrsStatementLineItems [Line Items]
Cash commission | $						$ 1,535,727
Non-brokered private placement [member] | Finder Two [Member]
IfrsStatementLineItems [Line Items]
Commision percentage					6%
Series 1 convertible preferred shares [member]
IfrsStatementLineItems [Line Items]
Convertible preferred shares							100,000,000
Ordinary shares [member] | Non-brokered private placement [member]
IfrsStatementLineItems [Line Items]
Issuance of subscription receipts units					8,936,167	8,936,167
Ordinary shares [member] | Non-brokered private placement [member] | Finder Two [Member]
IfrsStatementLineItems [Line Items]
Common share issued					70,548
Value of shares issued | $						$ 176,398
Non-brokered private placement [member] | Finder One [Member]
IfrsStatementLineItems [Line Items]
Commision percentage					6%

SCHEDULE OF AMOUNTS DUE TO RELA

SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES (Details) - CAD ($)	Jun. 30, 2023	Mar. 03, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Total	$ 100,592	$ 2,067,180	$ 43,235
Directors and Officers Company [Member]
IfrsStatementLineItems [Line Items]
Total	$ 100,592	35,000	$ 43,235
ThreeD Capital Inc. [member]
IfrsStatementLineItems [Line Items]
Total		762,180
North American Nickel Inc [member]
IfrsStatementLineItems [Line Items]
Total		$ 1,270,000

SCHEDULE OF KEY MANAGEMENT COMP

SCHEDULE OF KEY MANAGEMENT COMPENSATION (Details) - CAD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Related Party Transactions
Management fees	$ 1,630,663	$ 1,075,306
Corporate and administration expenses	121,182	145,418
Total	$ 1,751,845	$ 1,220,724

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)			6 Months Ended
	Jun. 28, 2023 $ / shares shares	Apr. 30, 2022 CAD ($) shares	Jun. 30, 2023 CAD ($) shares	Jun. 30, 2022 CAD ($) shares	Apr. 16, 2023 shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 CAD ($) shares	Dec. 31, 2021 CAD ($)
IfrsStatementLineItems [Line Items]
Number of shares issued			135,730,527	90,239,343
Number of warrants outstanding			6,834,398		40,606	1,098,786	1,098,786
Number of common shares subscribed						1,279,069	1,279,069
Investment						$ 2,427,076	$ 3,064,582	$ 374,123
Number of common shares beneficially owned		326,740
Payment of promissory notes | $		$ 2,018,568	$ 7,637,329
Share issued prior to RTO in connection with Promissory Notes		310,000
ThreeD Capital Inc. [member]
IfrsStatementLineItems [Line Items]
Number of common shares subscribed						1,213,538	1,213,538
Number of common shares beneficially owned			6,644,950			8,662,347	8,662,347
Number of common shares beneficially owned, percentage			5.49%			7.50%	7.50%
Financing transactions [member]
IfrsStatementLineItems [Line Items]
Number of shares issued	14,772,000
Issued and outstanding shares percentage	10.90%
Number of warrants outstanding	5,324,000
Warrant term	3 years
Warrant exercise price | $ / shares	$ 1.4375
Shares acquired percentage	14.20%

SCHEDULE OF FOREIGN CURRENCY FI

SCHEDULE OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES (Details)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 BWP (P)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 BWP (P)
Risk Management
Financial assets, Short term exposure	$ 1,525,819	P 624,207	$ 2,834,303	P 473,980
Financial assets, Long term exposure		38,712,709		32,058,793
Financial liabilities, Short term exposure	(965,233)	(3,155,431)	(1,246,825)	(2,176,110)
Financial liabilities, Long term exposure		(4,213,093)		(1,530,341)
Total exposure, Short term exposure	$ 560,586	(2,531,224)	$ 1,587,478	(1,702,130)
Total exposure, Long term exposure		P 34,499,616		P 30,528,452

SCHEDULE OF CHANGES IN EXCHANGE

SCHEDULE OF CHANGES IN EXCHANGE RATES (Details)	3 Months Ended		6 Months Ended				12 Months Ended
	Jun. 30, 2023 CAD ($)	Jun. 30, 2022 CAD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CAD ($)	Jun. 30, 2023 BWP (P)	Jun. 30, 2022 CAD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 BWP (P)
IfrsStatementLineItems [Line Items]
Profit for the year | $	$ (73,488)	$ 169,977		$ (103,904)		$ 160,792
Exchange rate strengthened [member]
IfrsStatementLineItems [Line Items]
Profit for the year			$ 28,029	(98,532)	P (126,561)		$ 79,374	$ (5,732)	P (85,106)
Long-term exposure profit for the year					1,724,981				1,526,423
Exchange rate weakened [member]
IfrsStatementLineItems [Line Items]
Profit for the year			$ (28,029)	$ 98,532	126,561		$ (79,374)	$ 5,732	85,106
Long-term exposure profit for the year					P (1,724,981)				P (1,526,423)

SCHEDULE OF CONTRACTUAL OBLIGAT

SCHEDULE OF CONTRACTUAL OBLIGATIONS (Details) - CAD ($)	Jun. 30, 2023	Jun. 28, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Trade payables and accrued liabilities	$ 3,394,649
Vehicle financing	129,746
Term loan	12,735,951	$ 12,735,951
Lease liability	2,540,436		$ 2,731,394
Total	18,800,782
Later than six months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Trade payables and accrued liabilities	3,394,649
Vehicle financing	21,624
Term loan
Lease liability	1,270,218
Total	4,686,491
Later than one year and not later than two years [member]
IfrsStatementLineItems [Line Items]
Trade payables and accrued liabilities
Vehicle financing	43,249
Term loan
Lease liability	1,270,218
Total	1,313,467
Later than two years and not later than five years [member]
IfrsStatementLineItems [Line Items]
Trade payables and accrued liabilities
Vehicle financing	64,873
Term loan	12,735,951
Lease liability
Total	$ 12,800,824

SCHEDULE OF COMPONENTS OF EQUIT

SCHEDULE OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, OTHER CURRENT LIABILITIES, NET OF CASH (Details) - CAD ($)	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Risk Management
Shareholder’s equity	$ 43,144,784	$ 27,188,344	$ (6,793,162)	$ (4,316,964)
Current liabilities	4,664,867	12,462,372
Total liabilities and equity	47,809,651	39,650,716
Cash	(21,607,892)	(5,162,991)	$ (2,740,881)	$ (1,990,203)
Total	$ 26,201,759	$ 34,487,725

SCHEDULE OF GEOGRAPHIC SEGMENTS

SCHEDULE OF GEOGRAPHIC SEGMENTS (Details) - CAD ($)	Jun. 30, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Current assets	$ 22,935,973	$ 6,438,346
Property, plant and equipment	3,122,333	3,394,670
Exploration and evaluation assets	39,583,472	31,823,982
Canada [Member]
IfrsStatementLineItems [Line Items]
Current assets	20,278,942	3,198,344
Property, plant and equipment	9,670	10,714
Barbados [Member]
IfrsStatementLineItems [Line Items]
Current assets	254,115	493,552
Botswana country [member]
IfrsStatementLineItems [Line Items]
Current assets	2,402,916	2,746,450
Property, plant and equipment	3,112,663	3,383,956
Exploration and evaluation assets	$ 39,583,472	$ 31,823,982

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Non-adjusting events after reporting period [member] - USD ($)	Aug. 16, 2023	Aug. 16, 2023	Aug. 08, 2023
IfrsStatementLineItems [Line Items]
Stock options issued			3,783,277
Description of binding commitment letter	Company announced that it entered into a binding commitment letter with the Liquidator of BCL to acquire a 100% interest in two additional deposits, Phikwe South and the Southeast Extension, located adjacent to and immediately north of the Selebi North mine.
Upfront cost to acquire additional mineral properties		$ 1,000,000
Work commitments amount for next four years		$ 5,000,000
Description of extension of selebi mining license		As a result of the extension of the Selebi mining license, the remaining asset purchase obligations of the Company outlined in the original Selebi APA will each increase by 10%, while the trigger events remain unchanged. The existing 2% NSR held by the Liquidator with respect to production from the Selebi mining license will also apply to production from these additional deposits, subject to the Company’s existing buy-back right for 50% of the NSR