NexMetals Drills 210 Metres of 1.06% CuEq
NexMetals Mining (NASDAQ: NEXM) has announced significant drill results from its Selkirk Mine in Botswana, highlighting substantial Cu-Ni-Co-PGE mineralization. The key result comes from drill hole SMET-25-004, which intercepted 210 meters of 1.06% CuEq, including 74 meters of 1.28% CuEq. Additionally, SMET-25-001 showed promising near-surface mineralization starting at 13 meters depth.
The results demonstrate continuous mineralization outside the current Mineral Resource Estimate (MRE) and within the conceptual pit shell, suggesting potential for deposit expansion. With a current cut-off grade of 0.46% CuEq ($25.00/tonne NSR), these high-grade intercepts significantly exceed the economic threshold for potential mining.
These findings represent the latest results from a 12-hole metallurgical drilling program, with more assays pending release.
NexMetals Mining (NASDAQ: NEXM) ha annunciato significativi risultati di trivellazione dal suo Giacimento Selkirk in Botswana, evidenziando una sostanziale mineralizzazione di Cu-Ni-Co-PGE. Il risultato chiave proviene dal foro di trivellazione SMET-25-004, che ha intercettato 210 metri di 1,06% CuEq, tra cui 74 metri di 1,28% CuEq. Inoltre, SMET-25-001 ha mostrato una promettente mineralizzazione in superficie a partire da una profondità di 13 metri.
I risultati dimostrano una mineralizzazione continua al di fuori della stima attuale delle Risorse Mineralizzate (MRE) e all’interno della cornice concettuale del pit, suggerendo un potenziale di espansione del giacimento. Con una soglia di taglio attuale di 0,46% CuEq ($25,00/t NSR), questi intercetti ad alto grado superano notevolmente la soglia economica per un possibile sfruttamento.
Questi risultati rappresentano gli ultimi di una campagna di trivellazione metallurgica di 12 pozzi, con ulteriori dati di prova in attesa di rilascio.
NexMetals Mining (NASDAQ: NEXM) ha anunciado resultados de perforación significativos en su Mina Selkirk en Botswana, destacando una mineralización sustancial de Cu-Ni-Co-PGE. El resultado clave proviene de la perforación SMET-25-004, que interceptó 210 metros de 1,06% CuEq, incluyendo 74 metros de 1,28% CuEq. Además, SMET-25-001 mostró una mineralización prometedora cerca de la superficie que comienza a los 13 metros de profundidad.
Los resultados demuestran mineralización continua fuera de la Actual Estimación de Recurso Mineral (MRE) y dentro de la cáscara conceptual de la fosa, lo que sugiere potencial de expansión del yacimiento. Con un umbral de corte actual de 0,46% CuEq ( $25,00/t NSR), estos interceptos de alto grado superan significativamente el umbral económico para una posible extracción.
Estos hallazgos representan los últimos resultados de un programa de perforación metalúrgica de 12 agujeros, con más ensayos pendientes de publicación.
NexMetals Mining(NASDAQ: NEXM)은 보츠와나의 Selkirk 광산에서 상당한 시험 시추 결과를 발표했으며 Cu-Ni-Co-PGE 광맥의 상당한 광물화가 강조되었습니다. 주요 결과는 시추 홀 SMET-25-004에서 나왔으며, 210m의 1.06% CuEq를 관통했고 그 중 74m의 1.28% CuEq를 포함합니다. 또한 SMET-25-001은 표면 근처 깊이 13m에서 시작하는 유망한 광물화를 보였습니다.
이 결과는 현재의 광물자원 전망(MRE) 밖이면서 개념적 갱에서 연속적인 광물화를 보여주며 광산 확장의 가능성을 시사합니다. 현재 컷오프 등급인 0.46% CuEq(25.00 USD/톤 NSR)에서 이러한 고품질 개시물은 잠재적인 채굴의 경제적 임계값을 크게 상회합니다.
이 발견은 12개의 시추구멍 금속회수 시험 프로그램의 최신 결과를 나타내며, 추가 시험 결과가 발표될 예정입니다.
NexMetals Mining (NASDAQ: NEXM) a annoncé des résultats de forage importants provenant de sa mine Selkirk au Botswana, mettant en évidence une minéralisation Cu-Ni-Co-PGE substantielle. Le résultat clé provient du forage SMET-25-004, qui a intercepté 210 mètres à 1,06% CuEq, dont 74 mètres à 1,28% CuEq. De plus, SMET-25-001 a montré une minéralisation prometteuse en surface commençant à 13 mètres de profondeur.
Les résultats démontrent une minéralisation continue en dehors de l’estimation actuelle des ressources minérales (MRE) et à l’intérieur de l’enveloppe conceptuelle de la fosse, suggérant un potentiel d’expansion du gisement. Avec une coupe actuelle de 0,46% CuEq (25,00 USD/t NSR), ces intercepts à haute teneur dépassent largement le seuil économique pour une éventuelle exploitation.
Ces résultats représentent les derniers d’un programme de forage métallurgique en 12 puits, avec d’autres essais en attente de publication.
NexMetals Mining (NASDAQ: NEXM) hat bedeutende Bohrresultate aus dem Selkirk-Mine in Botswana bekannt gegeben und eine substanzielle Cu-Ni-Co-PGE-Mineralisation hervorgehoben. Das Schlussresultat stammt aus dem Bohrloch SMET-25-004, das 210 Meter bei 1,06% CuEq durchteufte, darunter 74 Meter bei 1,28% CuEq. Zusätzlich zeigte SMET-25-001 eine vielversprechende Oberflächenmineralisierung ab einer Tiefe von 13 Metern.
Die Ergebnisse demonstrieren eine kontinuierliche Mineralisierung außerhalb der aktuellen Mineral Resource Estimate (MRE) und innerhalb der konzeptionellen Pit-Hülle, was das Potenzial für eine Erweiterung des Deposits nahelegt. Bei einer aktuellen Cut-off-Grade von 0,46% CuEq (25,00 USD/T NSR) übersteigen diese hochgradigen Intercepts die wirtschaftliche Schwelle für ein mögliches Mining deutlich.
Diese Erkenntnisse sind die neuesten Ergebnisse eines 12-Bohrlöcher umfassenden metallurgischen Bohrprogramms, weitere Assays stehen noch aus.
NexMetals Mining (NASDAQ: NEXM) أصدرت نتائج حفر كبيرة من منجم Selkirk في بوتسوانا، مع التركيز على تواجد معدني كبير لـ Cu-Ni-Co-PGE. النتيجة الرئيسية جاءت من حفرة الحفر SMET-25-004، التي اعترضت 210 أمتار بنسبة 1.06% CuEq، بما في ذلك 74 متراً بنسبة 1.28% CuEq. بالإضافة إلى ذلك، أظهرت SMET-25-001 وجود تعدين قريب من السطح يبدأ من عمق 13 متراً.
تُظهر النتائج استمرارية التعدين خارج تقدير الموارد المعدنية الحالي (MRE) وضمن القشرة المفاهيمية للحفرة، مما يشير إلى إمكانية توسيع deposito. مع عتبة قطع حالية بنسبة 0.46% CuEq (25.00 دولار/طن NSR)، تتجاوز هذه القطع عالية الدرجة بشكل كبير العتبة الاقتصادية للتعدين المحتمل.
هذه النتائج تمثل أحدث نتائج من برنامج حفر ميتالورجي من 12 بئراً، وهناك المزيد من نتائج التحاليل في انتظار الإصدار.
NexMetals Mining (NASDAQ: NEXM)宣布了其在博茨瓦纳塞尔克矿的重大钻探结果，强调Cu-Ni-Co-PGE矿化的显著性。关键结果来自钻孔 SMET-25-004，在钻至 210米的CuEq1.06%，其中包括 74米的CuEq1.28%。此外，SMET-25-001 在13米深度开始显示出地表附近的有前景的矿化。
结果表明矿化在当前矿产资源估算（MRE）之外仍然连续，并位于概念性竖井壳体内，暗示矿床扩展的潜力。以当前0.46% CuEq（$25.00/吨NSR）的切入等级，这些高品位段远超潜在矿业经济阈值。
这些发现是来自12孔金属冶金钻探计划的最新结果，更多分析结果待发布。
- Exceptional intercept of 210 meters at 1.06% CuEq, significantly above the 0.46% CuEq cut-off grade
- Mineralization discovered outside current resource estimate, indicating expansion potential
- Near-surface mineralization supports potential for low strip ratio open-pit development
- Consistent high-grade results between holes 125 meters apart, demonstrating deposit continuity
- None.
Insights
NexMetals reports exceptional drill results with wide, high-grade mineralization outside current resource boundaries at Selkirk, indicating significant expansion potential.
The latest drill results from NexMetals' Selkirk project in Botswana demonstrate remarkable scale and consistency that significantly enhances the project's economic potential. Drill hole SMET-25-004 intersected an impressive
What's particularly significant is the mineralization discovered outside the existing resource model but within the conceptual pit shell, including
The consistency between holes SMET-25-003 (from previous results) and SMET-25-004, despite being
The multi-metal nature of this deposit (copper, nickel, cobalt, and PGEs) creates a robust economic profile that's somewhat protected against single-commodity price fluctuations. The combination of scale, grade, near-surface positioning, and continuity positions Selkirk as an increasingly valuable asset in NexMetals' portfolio, with clear pathways to resource expansion and optimization.
Highlighting Continuous Mineralization and Expansion at Selkirk
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company") announces assay results from two additional holes from 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.
Why This Matters: Scale, Grade, Growth
- SMET-25-004: wide interval of continuous mineralization
- 210.00 metres of
1.06% CuEq (0.40% Cu,0.36% Ni, 0.59 ppm Pd, 0.14 ppm Pt)
incl. 74.00 metres of1.28% CuEq (0.45% Cu,0.46% Ni, 0.73 ppm Pd, 0.17 ppm Pt)
- 210.00 metres of
- 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-25-001: starting at 13.00 metres from surface
- 45.00 metres of
0.69% CuEq (0.23% Cu,0.23% Ni, 0.46 ppm Pd, 0.10 ppm Pt)
- 45.00 metres of
- SMET-25-001: starting at 13.00 metres from surface
- 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.
- These results bring the total number of metallurgical drill holes announced from the 2025 program to four (see news release dated September 18, 2025), 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/7759/267498_8c856fa884d1aadc_002full.jpg
Morgan Lekstrom, CEO of the Company, commented: "The results today, combined with last week's news of drill hole 003, highlight multiple intercepts over 200 metres of high-grade mineralization, once again exceeding our expectations at Selkirk. These results position Selkirk as a standout asset, reinforcing the substantial scale of the deposit. Exceptionally notable are drill holes 003 and 004, as they show very similar grades despite being more than 125 metres apart. This further emphasizes both the size, consistency, and presence of broad intervals of higher grades within this deposit. Upcoming catalysts include resource expansion, metallurgical results and optimization, rapidly unlocking the full value and long-term potential of the Selkirk mine."
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) | 2Est. True Thickness (m) | Cu (%) | NI (%) | Co (%) | Pd (ppm) | Pt (ppm) | Au (ppm) | 3CuEq (%) |
| SMET-25-001 | 13.00 | 65.70 | 52.70 | 38 | 0.22 | 0.23 | 0.01 | 0.46 | 0.10 | 0.04 | 0.68 |
| SMET-25-001 | 90.25 | 208.00 | 117.75 | 85 | 0.26 | 0.24 | 0.01 | 0.53 | 0.11 | 0.05 | 0.76 |
| incl. | 92.55 | 156.00 | 63.45 | 46 | 0.26 | 0.25 | 0.02 | 0.51 | 0.10 | 0.04 | 0.76 |
| and | 92.55 | 99.85 | 7.30 | 5 | 0.47 | 0.57 | 0.03 | 0.68 | 0.13 | 0.06 | 1.38 |
| and | 138.00 | 156.00 | 18.00 | 13 | 0.38 | 0.30 | 0.02 | 0.76 | 0.15 | 0.06 | 1.05 |
| SMET-25-004 | 66.00 | 276.00 | 210.00 | 160 | 0.40 | 0.36 | 0.02 | 0.59 | 0.14 | 0.06 | 1.06 |
| incl | 66.00 | 187.00 | 121.00 | 92 | 0.36 | 0.37 | 0.02 | 0.58 | 0.14 | 0.06 | 1.02 |
| incl | 113.00 | 187.00 | 74.00 | 56 | 0.45 | 0.46 | 0.03 | 0.73 | 0.17 | 0.08 | 1.28 |
| incl | 131.65 | 187.00 | 55.35 | 42 | 0.52 | 0.47 | 0.03 | 0.80 | 0.18 | 0.09 | 1.40 |
| OUTSIDE MRE AND INSIDE CONCEPTUAL PIT | |||||||||||
| SMET-25-001 | 13.00 | 58.00 | 45.00 | 32 | 0.23 | 0.23 | 0.01 | 0.46 | 0.10 | 0.04 | 0.69 |
| OUTSIDE MRE AND BENEATH CONCEPTUAL PIT | |||||||||||
| SMET-25-001 | 186.00 | 208.00 | 22.00 | 16 | 0.30 | 0.24 | 0.01 | 0.50 | 0.10 | 0.04 | 0.79 |
| SMET-25-004 | 285.00 | 299.00 | 14.00 | 11 | 0.22 | 0.23 | 0.02 | 0.37 | 0.09 | 0.04 | 0.64 |
1Length refers to drillhole length and not true width.
2True thickness is estimated using the MRE wireframe where available.
3CuEq% 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-25-001 | 575502.8 | 7642676.4 | 993.9 | -89.8 | 17.5 | 273.70 |
| SMET-25-004 | 575406.7 | 7642671.8 | 1000.7 | -88.1 | 14.2 | 375.45 |
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
1-833-770-4334
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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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267498
FAQ
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