NexMetals Drills 201.30 metres of 0.91% CuEq, including 158.75 metres of 1.00% CuEq Near Surface Emphasizing Consistent Mineralization and Expansion Potential at Selkirk
NexMetals Mining (NASDAQ:NEXM) has announced significant drill results from its Selkirk Mine in Botswana, a past-producing Cu-Ni-Co-PGE deposit. The highlights include drill hole SMET-25-003 which intercepted 201.30 metres of 0.91% CuEq, including 158.75 metres of 1.00% CuEq, and SMET-25-002 with 85.00 metres of 0.98% CuEq.
The results are part of a 12-hole metallurgical drilling program, with these first two holes demonstrating consistent mineralization and expansion potential. Notably, mineralization was found outside the current Mineral Resource Estimate but within the conceptual pit shell, suggesting potential for near-surface expansion with a low strip ratio. The current cut-off grade of 0.46% CuEq (US$25.00 per tonne NSR) indicates potential mining viability for the intercepted zones.
Selected samples are currently undergoing variability testing and flowsheet optimization at Blue Coast Research labs in British Columbia.NexMetals Mining (NASDAQ:NEXM) ha annunciato significativi risultati di trivellazione dalla Selkirk Mine in Botswana, un deposito Cu-Ni-Co-PGE produttivo in passato. Tra i punti salienti il foro di perforazione SMET-25-003 ha intercettato 201,30 metri di 0,91% CuEq, includendo 158,75 metri di 1,00% CuEq, e SMET-25-002 con 85,00 metri di 0,98% CuEq.
I risultati fanno parte di un programma di trivellazione metallurgica di 12 fori, con questi primi due fori che dimostrano mineralizzazione costante e potenziale di espansione. È da notare che la mineralizzazione è stata trovata al di fuori della attuale Stima delle Risorse Mineral, ma all'interno dello shell concettuale della cava, suggerendo potenziale di espansione in prossimità della superficie con un basso rapporto di scavo. La soglia di taglio attuale di 0,46% CuEq (US$25,00 per tonnellata NSR) indica potenziale viabilità mineraria per le zone intercettate.
Campioni selezionati sono attualmente sottoposti a test di variabilità e all'ottimizzazione del flusso di processo presso i laboratori Blue Coast Research in British Columbia.
NexMetals Mining (NASDAQ:NEXM) ha anunciado resultados de perforación significativos de la Mina Selkirk en Botswana, un depósito de Cu-Ni-Co-PGE que fue productivo en el pasado. Entre los aspectos destacados se encuentra la perforación SMET-25-003, que interceptó 201,30 metros con 0,91% CuEq, incluyendo 158,75 metros con 1,00% CuEq, y SMET-25-002 con 85,00 metros de 0,98% CuEq.
Los resultados forman parte de un programa de perforación metalúrgica de 12 agujeros, y estos dos primeros agujeros demuestran una mineralización constante y potencial de expansión. Cabe destacar que la mineralización se encontró fuera de la Actual Estimación de Recursos Mineros, pero dentro de la cáscara conceptual de la virola, lo que sugiere potencial de expansión cercana a la superficie con una baja relación de extracción. El umbral de corte actual de 0,46% CuEq (US$25,00 por tonelada NSR) indica viabilidad de extracción para las zonas interceptadas.
Las muestras seleccionadas se encuentran actualmente en pruebas de variabilidad y optimización de flujo de proceso en los laboratorios Blue Coast Research en British Columbia.
NexMetals Mining (NASDAQ:NEXM)가 보츠와나의 Selkirk 광산에서 의미 있는 시추 결과를 발표했습니다. 과거에 생산되었던 Cu-Ni-Co-PGE 매장지입니다. 주요 하이라이트로 시추 구멍 SMET-25-003은 201.30m를 0.91% CuEq로 관통했고, 그 중 158.75m는 1.00% CuEq를 기록했으며, SMET-25-002은 85.00m에서 0.98% CuEq를 보였습니다.
이 결과는 12홀의 광석처리 시추 프로그램의 일부로, 처음 두 홀은 일관된 광물화와 확장 가능성을 보여줍니다. 주목할 점은 현재 광물자원 추정치 외부에서 광물화가 발견되었지만 개념적 피트 셸 내에 있어 표면에 가까운 확장의 잠재력을 시사하며 낮은 스트립 비율을 가집니다. 0.46% CuEq의 현재 커트오프 등급(톤당 NSR $25.00)으로, 관측된 구역의 채굴 가능성을 제시합니다.
선정된 시료는 현재 변이성 시험 및 플로우시트 최적화를 브리티시컬럼비아의 Blue Coast Research 연구소에서 진행 중입니다.
NexMetals Mining (NASDAQ:NEXM) a annoncé des résultats de forage importants à la mine de Selkirk, au Botswana, un gisement Cu-Ni-Co-PGE productif par le passé. Parmi les points forts, le forage SMET-25-003 a intercepté 201,30 mètres à 0,91% CuEq, dont 158,75 mètres à 1,00% CuEq, et SMET-25-002 avec 85,00 mètres à 0,98% CuEq.
Les résultats font partie d’un programme de forage métallurgique de 12 puits, ces deux premiers puits démontrant une minéralisation constante et un potentiel d’expansion. Il est notable que la minéralisation a été trouvée en dehors de l’Estimation actuelle des Ressources Minérales mais à l’intérieur de la coque conceptuelle du puits, suggérant un potentiel d’expansion en proche surface avec un faible ratio de stripping. Le seuil actuel de coupure de 0,46% CuEq (US$25,00 par tonne NSR) indique une viabilité de l’exploitation pour les zones interceptées.
Des échantillons sélectionnés subissent actuellement des tests de variabilité et l’optimisation du flux de traitement dans les laboratoires Blue Coast Research en Colombie-Britannique.
NexMetals Mining (NASDAQ:NEXM) hat bedeutende Bohrresultate aus der Selkirk-Mine in Botswana gemeldet, einer in der Vergangenheit produzierenden Cu-Ni-Co-PGE-Lagerstätte. Zu den Highlights gehört Bohrloch SMET-25-003, das 201,30 Meter mit 0,91% CuEq durchteufte, davon 158,75 Meter mit 1,00% CuEq, sowie SMET-25-002 mit 85,00 Metern bei 0,98% CuEq.
Die Ergebnisse stammen aus einem 12-Loch-metallurgischen Bohrprogramm, wobei die ersten beiden Bohrlöcher eine konsistente Mineralisierung und Expansionspotenzial zeigen. Bemerkenswert ist, dass die Mineralisierung außerhalb der aktuellen Ressourcenschätzung, aber innerhalb der konzeptionellen Hoffigur der Pits liegt, was auf Potenzial für eine flächennahe Erweiterung mit niedrigem Abraumverhältnis hindeutet. Die aktuelle Cut-off-Gewinnschwelle von 0,46% CuEq (US$25,00 pro T NSR) deutet auf potenzielle Bergbarkeit für dieIntercepted Zonen hin.
Ausgewählte Proben befinden sich derzeit in Variabilitätstests und Prozessfluss-Optimierung bei den Blue Coast Research-Labors in British Columbia.
نِيكْسميـتـالز مينينغ (ناسداك:NEXM) أعلنت عن نتائج حفر مهمة من منجم سيلكيرك في بوتسوانا، وهو ترسـيب Cu-Ni-Co-PGE كان منتجاً في السابق. تشمل النقاط البارزة التجويف SMET-25-003 الذي اعترض 201.30 مترًا عند 0.91% CuEq، بما في ذلك 158.75 مترًا عند 1.00% CuEq، وSMET-25-002 بنحو 85.00 مترًا عند 0.98% CuEq.
وتأتي النتائج كجزء من برنامج حفر معدنـي حَجَمي مكوَّن من 12 بئرًا، حيث أظهرت هذان البئران الأوليان معدنية متسقة وإمكانات توسيع. ومن الجدير بالذكر أن المعدن وُجد خارج تقدير الموارد المعدنية الحالي ولكنه داخل الغلاف المفهومي للوعاء، مما يشير إلى إمكانية التوسع بالقرب من السطح مع نسبة استخلاص منخفضة. كما أن الحد الحالي للقطع عند 0.46% CuEq (25.00 دولار أمريكي للطن NSR) يشير إلى إمكانية التعدين للمنطقة المعترضَة.
تجري عينات مختارة حالياً اختبارات تغيرية وتحسين مخطط التدفق في مختبرات Blue Coast Research في كولومبيا البريطانية.
NexMetals Mining (NASDAQ:NEXM) 已宣布在博茨瓦纳的 Selkirk 矿山取得重要钻探结果，该矿是一个历史产出 Cu-Ni-Co-PGE 載礦床。亮点包括 钻孔 SMET-25-003，贯穿 201.30 米，CuEq 0.91%，其中 158.75 米为 CuEq 1.00%，以及 SMET-25-002，长达 85.00 米，CuEq 0.98%。
这些结果属于一个 12 钢矿化钻探计划 的一部分，前两个钻孔显示出持续的矿化和扩张潜力。值得注意的是，矿化在当前资源量估算之外、但在概念性露天矿场外壳内，表明在地表附近扩张的潜力，且剥离比率较低。当前的 CuEq 0.46% 截断等级（US$25.00/吨 NSR）表明对被截取区段的采矿潜在可行性。
精选样品目前正在不确定性测试与流程优化，地点在不列颠哥伦比亚省的 Blue Coast Research 实验室。
- Strong drill results with wide intervals: 201.30m of 0.91% CuEq and 85.00m of 0.98% CuEq
- Mineralization discovered outside current resource estimate but within pit shell, indicating expansion potential
- Near-surface mineralization supports potential for low strip ratio open-pit mining
- Multiple valuable metals in deposit: Copper, Nickel, Cobalt, and Platinum Group Elements
- Results are from only 2 of 12 planned holes, with remaining results pending
- Project still requires additional metallurgical testing and optimization
Insights
NexMetals' drilling results reveal significant mineralization at Selkirk, indicating potential for larger-than-expected copper-nickel deposit with favorable economics.
The latest drill results from NexMetals' Selkirk project represent a significant development in the company's exploration campaign. The findings showcase substantial mineralization zones with 201.30 metres of 0.91% copper equivalent and 158.75 metres of 1.00% copper equivalent in one hole, alongside 85.00 metres of 0.98% copper equivalent in another. These wide intervals of continuous mineralization substantially exceed the economic threshold of 0.46% CuEq defined in their MRE.
What's particularly noteworthy is the discovery of mineralization outside the current Mineral Resource Estimate but within the conceptual pit shell. This includes sections starting just 26.10 metres from surface with 19.90 metres of 0.58% CuEq. The near-surface nature of these findings is especially valuable as it suggests potential for a low strip ratio operation, which would significantly improve project economics through reduced waste-to-ore ratios during mining.
The consistency of mineralization across these wide intervals indicates a robust geological system. The polymetallic nature of the deposit (Cu-Ni-Co-PGE) provides valuable diversification and potential revenue streams from multiple commodities. With copper and nickel being critical metals for the energy transition, this portfolio of metals positions the project favorably in current markets.
The ongoing metallurgical testing program, with samples at Blue Coast Research, represents a critical step toward determining processing parameters and recoveries. These latest findings, combined with the metallurgical work, could substantially enhance the project's economic parameters beyond what was outlined in their January 2025 technical report. The mineralization beneath the conceptual pit also hints at potential for future underground operations following any initial open-pit development.
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company") announces assay results from 2 holes of the 12 hole metallurgical drilling program completed at the past-producing Copper, Nickel, Cobalt and Platinum Group Elements ("Cu-Ni-Co-PGE") Selkirk Mine in Botswana. Drill core from eleven of these holes will be used in support of ongoing metallurgical testwork while further highlighting the scale and consistency of the Selkirk deposit.
Why This Matters: Scale, Grade, Expansion
Results demonstrate the scale and consistency of mineralization.
SMET-25-003: wide interval of continuous mineralization
201.30 metres of
0.91% CuEq (0.33% Cu,0.30% Ni, 0.55 ppm Pd, 0.13 ppm Pt)
Incl. 158.75 metres of1.00% CuEq (0.36% Cu,0.33% Ni, 0.60 ppm Pd, 0.13 ppm Pt)
SMET-25-002: wide interval of continuous mineralization
85.00 metres of
0.98% CuEq (0.34% Cu,0.31% Ni, 0.65 ppm Pd, 0.14 ppm Pt)
Mineralization outside the Mineral Resource Estimate ("MRE") and within the current conceptual pit shell, demonstrating the potential for expansion of the deposit toward the surface.
SMET-25-002: starting at 26.10 metres from surface
19.90 metres of
0.58% CuEq (0.18% Cu,0.19% Ni, 0.43 ppm Pd, 0.09 ppm Pt)
Large widths of near-surface mineralization support open-pit development potential with a low strip ratio (see technical report).
Current cut-off of US
$25.00 per tonne net smelter return defined in the MRE translates to0.46% CuEq. Any material above this cut-off grade could be potentially mined.Selected samples from this drilling program are at Blue Coast Research labs in British Columbia for variability testing and flowsheet optimization testwork.
This marks the first 2 metallurgical drill holes from the 2025 program, with assays to be released on an ongoing basis.
Figure 1: Location of 2025 metallurgical drill holes, resampled drillholes and Mineral Resource Estimate.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/266919_e43e732344a5c9b9_002full.jpg
Morgan Lekstrom, CEO of the Company, commented: "These new drill results have delivered above and beyond what we have anticipated including large, continuous zones of mineralization that confirm the scale of just how big the Selkirk deposit could be. By collecting both base metal and PGE assays throughout the entirety of each hole, we have identified wide intervals of mineralization both above the current MRE, yet still within the conceptual pit shell and also immediately below the conceptual pit. Combined with the ongoing resampling and metallurgical programs, these results not only provide essential material for processing studies but also indicate meaningful opportunities to improve the strip ratio. Selkirk continues to demonstrate substantial upside, and with our dual focus on metallurgical optimization and resource growth, we are increasingly defining the full scale and potential of this deposit."
Assay results are reported below in Table 1 and drill hole collar details are provided in Table 2.
Table 1: Assay Results Selkirk Deposit
| HOLE ID | FROM (m) | TO (m) | 1LENGTH (m) | Cu (%) | NI (%) | Co (%) | Pd (ppm) | Pt (ppm) | Au (ppm) | 2CuEq (%) |
| SMET-25-002 | 26.10 | 207.00 | 180.90 | 0.26 | 0.25 | 0.01 | 0.52 | 0.11 | 0.04 | 0.77 |
| incl | 53.00 | 78.00 | 25.00 | 0.21 | 0.22 | 0.01 | 0.43 | 0.09 | 0.03 | 0.65 |
| and | 122.00 | 207.00 | 85.00 | 0.34 | 0.31 | 0.02 | 0.65 | 0.14 | 0.05 | 0.98 |
| incl | 195.00 | 207.00 | 12.00 | 0.48 | 0.35 | 0.02 | 0.87 | 0.16 | 0.10 | 1.26 |
| SMET-25-003 | 12.70 | 214.00 | 201.30 | 0.33 | 0.30 | 0.02 | 0.55 | 0.13 | 0.05 | 0.91 |
| incl. | 44.25 | 203.00 | 158.75 | 0.36 | 0.33 | 0.02 | 0.60 | 0.13 | 0.06 | 1.00 |
| incl. | 73.00 | 195.00 | 122.00 | 0.39 | 0.36 | 0.02 | 0.63 | 0.14 | 0.07 | 1.07 |
| OUTSIDE MRE AND INSIDE CONCEPTUAL PIT | ||||||||||
| SMET-25-002 | 26.10 | 46.00 | 19.90 | 0.18 | 0.19 | 0.01 | 0.43 | 0.09 | 0.04 | 0.58 |
| SMET-25-003 | 12.70 | 25.00 | 12.30 | 0.21 | 0.19 | 0.01 | 0.37 | 0.08 | 0.03 | 0.59 |
| OUTSIDE MRE AND BENEATH CONCEPTUAL PIT | ||||||||||
| SMET-25-003 | 200.00 | 214.00 | 14.00 | 0.27 | 0.24 | 0.02 | 0.48 | 0.11 | 0.04 | 0.76 |
| 1Length refers to drillhole length and not true width. 2CuEq% calculated using the formula Cu% + Ni%*(55.605/53.913) + Pd g/t*(22.948/53.913) + Pt g/t*(14.891/53.913) using metal prices and recoveries listed in the 2025 Technical Report. 3Interval is outside MRE but inside the conceptualized open pit shell. | ||||||||||
Table 2: Drill Collar Information Selkirk Deposit
| HOLE ID | 1Easting | 1Northing | 1Elevation | Dip | Azimuth | Hole Length (m) |
| SMET-25-002 | 575370.9 | 7642476.5 | 986.8 | -72.1 | 30.5 | 401.20 |
| SMET-25-003 | 575450.8 | 7642666.4 | 996.9 | -69.0 | 27.2 | 295.85 |
| 1Coordinates are WGS84z35S with geoidal elevations | ||||||
Technical Report
The MRE on the Selkirk Mine is supported by the Technical Report entitled "NI 43-101 Technical Report Selkirk Nickel Project, North East District, Republic of Botswana", dated January 8, 2025 (with an effective date of November 1, 2024). Reference should be made to the full text of the Technical Report for the assumptions, qualifications and limitations set forth therein, which was prepared in accordance with NI 43-101 and Subpart 1300 of Regulation S-K and is available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.
Quality Control
The Selkirk metallurgical drill program was completed by Discovery Drilling using a Boyles 56 machine. Drill core samples are HQ (63.5 mm diameter) that were sawn in half with one half sawn in half again to produce quartered core. Selected portions of the remaining core were sent to Blue Coast Research for metallurgical flotation studies with the reminder retained for reference purposes. The quartered core samples submitted to the lab were generally 1 metre in length. Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23).
Qualified Person
All scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.
About NexMetals Mining Corp.
NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana.
NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals' team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company's Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development.
For further information about NexMetals Mining Corp., please contact:
Morgan Lekstrom
CEO and Director
morganl@nexmetalsmining.com
Jaclyn Ruptash
V.P., Communications and Investor Relations
jaclyn@nexmetalsmining.com
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Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information") based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward looking information includes, but is not limited to, the implementation of the objectives, goals and future plans of the Company including the proposed advancement of the Selkirk Mine as currently contemplated; the release of metallurgical testing results and the expected timing thereof; management's belief that historical resources could be indicative of the presence of mineralization on the deposits; the potential for near surface expansion of the deposit; the potential for open-pit development with a low strip ratio; the potential for material above the cut-off grade to be mined; and the anticipated benefits of the Company's approach to its resource development plan. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of drilling and metallurgical test results; the ability of exploration results to predict mineralization; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's filings with the U.S. Securities and Exchange Commission on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.ca), in each case, under NEXM's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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FAQ
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