# NexMetals Drills 231 Metres of 1.09% CuEq, Including 97 Metres of 1.28% CuEq Establishing Scale, Grade and Expansion Potential at Selkirk

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425

Original source: https://money.tmx.com/en/quote/NEXM/news/7916294661236552/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ

Publisher: tmx

Original announcement: 2025-12-03T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: NexMetals Mining Corp.

- Ticker: NEXM

- Exchange: TSX

- Region: Botswana

- Primary commodity: Copper

- Secondary commodities: Nickel, Cobalt, Palladium, Platinum, Gold

- Document categories: Drill results, Metallurgy

- Extracted: 2026-08-21 04:08:40 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

NexMetals Mining Corp. announced assay results from the final three holes of its 2025 metallurgical drill program at the Selkirk Mine in Botswana, revealing wide and continuous zones of copper, nickel, cobalt, and platinum group element mineralization. Hole SMET-25-009 intersected 231 metres of 1.09% CuEq, including higher-grade sub-intervals, with all intercepts providing estimated true thicknesses. These results will be incorporated into an updated Mineral Resource Estimate and support ongoing metallurgical test work, highlighting the deposit's scale, grade, and expansion potential for open-pit development.

Reasoning: The drill results from the final three holes of the 2025 metallurgical program confirm wide and continuous zones of significant CuEq mineralization, demonstrating substantial expansion potential for the Selkirk deposit. These results will be integrated into an updated MRE and are crucial for advancing metallurgical studies, indicating strong project development progress.

- Positive factor: Wide, continuous zones of mineralization confirmed

- Positive factor: Significant copper equivalent \(CuEq\) grades over long intervals

- Positive factor: True width estimates provided for all intercepts

- Positive factor: Expansion potential demonstrated at depth and near surface

- Positive factor: Results will be incorporated into an updated Mineral Resource Estimate \(MRE\)

- Positive factor: Supports ongoing metallurgical test work to optimize flowsheet and recoveries

- Positive factor: Potential for low strip ratio, open pit development

Facts used in scoring: 96

## Classification and evidence

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: The document includes an 'Est. True Thickness \(m\)' column in the assay results table, providing actual thickness perpendicular to the structure.

Evidence · table

> Est. True Thickness \(m\)

Context: LENGTH \(m\)

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release includes a 'Quality Control' section detailing sample preparation, lab analysis by ALS Chemex, and insertion of blank samples and certified standards.

Evidence · text

> 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.

**QP/CP Signed**

Polarity: positive

Story-specific tag

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, is named as a 'qualified person' for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K, and has reviewed and approved the scientific and technical information.

Evidence · text

> 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.

**Metal Equivalent Assumptions Disclosed**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The document explicitly states the formula used for CuEq% calculation, including the metal prices and recoveries from the 2025 Technical Report.

Evidence · text

> CuEq% 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.

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 231 metres at 1.09% CuEq \(with a true width of 123m\) is a very strong result, exceeding the 'strong' threshold for copper equivalent grade-thickness \(251.79 %\*m vs 150 %\*m\).

Evidence · table

> 1.09

Context: 231.00

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: While a cut-off for the MRE is mentioned, the specific cut-off grade and internal dilution rules used for compositing the reported drill intervals are not disclosed.

Evidence · text

> Current cut-off of US$25.00 per tonne net smelter return defined in the 2024 MRE translates to 0.46% CuEq.

**Resource Update**

Polarity: neutral

Story-specific tag

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The drill results will be incorporated into an updated MRE, indicating a revision to an existing resource estimate.

Evidence · text

> All assay results reported to date will be incorporated into an updated MRE .

## Extracted facts

Stored fact records: 96. Some facts used in scoring do not have a stored record.

## Drill Results (96)

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-0)

copper

#### Identity

- Hole ID: SMET-25-009
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.39
- Grade Unit: %
- Intercept: 231 m
- True Width: 123 m
- From: 77 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A very long intercept of 231 metres at 1.09% CuEq, with a true width of 123 metres, represents a highly material and positive result, indicating significant scale and supporting open-pit development.

- Positive factor: Exceptional intercept length

- Positive factor: Strong copper equivalent grade

- Positive factor: True width disclosed

- Positive factor: Supports open pit potential

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.09

Context: 231.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-1)

nickel

#### Identity

- Hole ID: SMET-25-009
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.38
- Grade Unit: %
- Intercept: 231 m
- True Width: 123 m
- From: 77 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: While the overall CuEq is strong, the individual nickel grade of 0.38% over 231 metres is weak for an open-pit scenario, but still contributes to the polymetallic value.

- Positive factor: Exceptional intercept length

- Positive factor: True width disclosed

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.38

Context: 231.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-2)

cobalt

#### Identity

- Hole ID: SMET-25-009
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 231 m
- True Width: 123 m
- From: 77 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.02% over 231 metres is very low, indicating it is a minor contributor to the overall CuEq value, but its presence adds to the polymetallic nature.

- Positive factor: Exceptional intercept length

- Positive factor: True width disclosed

- Negative factor: Cobalt grade is very weak

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.02

Context: 231.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-3)

palladium

#### Identity

- Hole ID: SMET-25-009
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.64
- Grade Unit: ppm
- Intercept: 231 m
- True Width: 123 m
- From: 77 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.64 ppm over 231 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Exceptional intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.64

Context: 231.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-4)

platinum

#### Identity

- Hole ID: SMET-25-009
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.15
- Grade Unit: ppm
- Intercept: 231 m
- True Width: 123 m
- From: 77 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.15 ppm over 231 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Exceptional intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.15

Context: 231.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-5)

gold

#### Identity

- Hole ID: SMET-25-009
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.07
- Grade Unit: ppm
- Intercept: 231 m
- True Width: 123 m
- From: 77 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.07 ppm over 231 metres is very low, indicating it is a minor contributor to the overall CuEq value, but its presence adds to the polymetallic nature.

- Positive factor: Exceptional intercept length

- Positive factor: True width disclosed

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.07

Context: 231.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-6)

copper

#### Identity

- Hole ID: SMET-25-009
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.46
- Grade Unit: %
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:129.0-226.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.28
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A high-grade sub-interval of 97 metres at 1.28% CuEq, with a true width of 66 metres, is a very strong result, indicating a significant higher-grade zone within the broader mineralization.

- Positive factor: Strong copper equivalent grade

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.28

Context: 97.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-7)

nickel

#### Identity

- Hole ID: SMET-25-009
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.43
- Grade Unit: %
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:129.0-226.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.28
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.43% over 97 metres is weak for an open-pit scenario, but contributes to the overall polymetallic value of the intercept.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.43

Context: 97.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-8)

cobalt

#### Identity

- Hole ID: SMET-25-009
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.03
- Grade Unit: %
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:129.0-226.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.28
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.03% over 97 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cobalt grade is very weak

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.03

Context: 97.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-9)

palladium

#### Identity

- Hole ID: SMET-25-009
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.76
- Grade Unit: ppm
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:129.0-226.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.28
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.76 ppm over 97 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.76

Context: 97.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-10)

platinum

#### Identity

- Hole ID: SMET-25-009
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.18
- Grade Unit: ppm
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:129.0-226.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.28
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.18 ppm over 97 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.18

Context: 97.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-11)

gold

#### Identity

- Hole ID: SMET-25-009
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.08
- Grade Unit: ppm
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:129.0-226.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.28
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.08 ppm over 97 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.08

Context: 97.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-12)

copper

#### Identity

- Hole ID: SMET-25-009
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.52
- Grade Unit: %
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:257.0-304.9
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A strong sub-interval of 47.9 metres at 1.42% CuEq, with a true width of 33 metres, further enhances the overall prospectivity of the hole.

- Positive factor: Strong copper equivalent grade

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.42

Context: 47.90

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-13)

nickel

#### Identity

- Hole ID: SMET-25-009
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.49
- Grade Unit: %
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:257.0-304.9
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.49% over 47.9 metres is weak for an open-pit scenario, but contributes to the overall polymetallic value of the intercept.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.49

Context: 47.90

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-14)

cobalt

#### Identity

- Hole ID: SMET-25-009
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.03
- Grade Unit: %
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:257.0-304.9
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.03% over 47.9 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cobalt grade is very weak

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.03

Context: 47.90

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-15)

palladium

#### Identity

- Hole ID: SMET-25-009
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.83
- Grade Unit: ppm
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:257.0-304.9
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.83 ppm over 47.9 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.83

Context: 47.90

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-16)

platinum

#### Identity

- Hole ID: SMET-25-009
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.17
- Grade Unit: ppm
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:257.0-304.9
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.17 ppm over 47.9 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.17

Context: 47.90

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-17)

gold

#### Identity

- Hole ID: SMET-25-009
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.07
- Grade Unit: ppm
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:257.0-304.9
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.07 ppm over 47.9 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.07

Context: 47.90

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-18)

copper

#### Identity

- Hole ID: SMET-25-010
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.29
- Grade Unit: %
- Intercept: 171 m
- True Width: 102 m
- From: 110 m
- To: 281 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-281.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.85
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A long intercept of 171 metres at 0.85% CuEq, with a true width of 102 metres, represents a material result, confirming continuous mineralization.

- Positive factor: Significant intercept length

- Positive factor: Moderate copper equivalent grade

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.85

Context: 171.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-19)

nickel

#### Identity

- Hole ID: SMET-25-010
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.29
- Grade Unit: %
- Intercept: 171 m
- True Width: 102 m
- From: 110 m
- To: 281 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-281.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.85
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.29% over 171 metres is weak for an open-pit scenario, but contributes to the overall polymetallic value of the intercept.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.29

Context: 171.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-20)

cobalt

#### Identity

- Hole ID: SMET-25-010
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 171 m
- True Width: 102 m
- From: 110 m
- To: 281 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-281.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.85
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.02% over 171 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cobalt grade is very weak

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.02

Context: 171.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-21)

palladium

#### Identity

- Hole ID: SMET-25-010
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.51
- Grade Unit: ppm
- Intercept: 171 m
- True Width: 102 m
- From: 110 m
- To: 281 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-281.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.85
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.51 ppm over 171 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.51

Context: 171.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-22)

platinum

#### Identity

- Hole ID: SMET-25-010
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.12
- Grade Unit: ppm
- Intercept: 171 m
- True Width: 102 m
- From: 110 m
- To: 281 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-281.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.85
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.12 ppm over 171 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.12

Context: 171.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-23)

gold

#### Identity

- Hole ID: SMET-25-010
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.05
- Grade Unit: ppm
- Intercept: 171 m
- True Width: 102 m
- From: 110 m
- To: 281 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-281.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.85
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.05 ppm over 171 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.05

Context: 171.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-24)

copper

#### Identity

- Hole ID: SMET-25-010
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-268.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.86
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A long sub-interval of 158 metres at 0.86% CuEq, with a true width of 94 metres, confirms continuous mineralization within the broader intercept.

- Positive factor: Significant intercept length

- Positive factor: Moderate copper equivalent grade

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.86

Context: 158.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-25)

nickel

#### Identity

- Hole ID: SMET-25-010
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-268.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.86
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.30% over 158 metres is weak for an open-pit scenario, but contributes to the overall polymetallic value of the intercept.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.30

Context: 158.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-26)

cobalt

#### Identity

- Hole ID: SMET-25-010
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-268.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.86
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.02% over 158 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cobalt grade is very weak

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.02

Context: 158.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-27)

palladium

#### Identity

- Hole ID: SMET-25-010
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.52
- Grade Unit: ppm
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-268.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.86
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.52 ppm over 158 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.52

Context: 158.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-28)

platinum

#### Identity

- Hole ID: SMET-25-010
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.12
- Grade Unit: ppm
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-268.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.86
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.12 ppm over 158 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.12

Context: 158.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-29)

gold

#### Identity

- Hole ID: SMET-25-010
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.05
- Grade Unit: ppm
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:110.0-268.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.86
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.05 ppm over 158 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.05

Context: 158.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-30)

copper

#### Identity

- Hole ID: SMET-25-010
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.4
- Grade Unit: %
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:146.0-196.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.18
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A strong sub-interval of 50 metres at 1.18% CuEq, with a true width of 30 metres, indicates a significant higher-grade zone within the broader mineralization.

- Positive factor: Strong copper equivalent grade

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.18

Context: 50.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-31)

nickel

#### Identity

- Hole ID: SMET-25-010
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.43
- Grade Unit: %
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:146.0-196.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.18
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.43% over 50 metres is weak for an open-pit scenario, but contributes to the overall polymetallic value of the intercept.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.43

Context: 50.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-32)

cobalt

#### Identity

- Hole ID: SMET-25-010
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:146.0-196.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.18
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.02% over 50 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cobalt grade is very weak

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.02

Context: 50.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-33)

palladium

#### Identity

- Hole ID: SMET-25-010
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.68
- Grade Unit: ppm
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:146.0-196.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.18
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.68 ppm over 50 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.68

Context: 50.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-34)

platinum

#### Identity

- Hole ID: SMET-25-010
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.16
- Grade Unit: ppm
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:146.0-196.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.18
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.16 ppm over 50 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.16

Context: 50.00

### SMET-25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-35)

gold

#### Identity

- Hole ID: SMET-25-010
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.08
- Grade Unit: ppm
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m
- Hole Depth: 388.9 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-010:146.0-196.0
- Mining Method: open\_pit

#### Location

- Easting: 575284.7
- Northing: 7642459.4
- CRS: WGS84z35S
- Elevation: 984.4 m
- Azimuth: 36.3 °
- Dip: -70.4 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.18
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.08 ppm over 50 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.08

Context: 50.00

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-36)

copper

#### Identity

- Hole ID: SMET-25-011
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.15
- Grade Unit: %
- Intercept: 13 m
- True Width: 8 m
- From: 112 m
- To: 125 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:112.0-125.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A narrow intercept of 13 metres at 0.52% CuEq, with a true width of 8 metres, is a weak result, falling below typical economic thresholds for open-pit mining.

- Positive factor: True width disclosed

- Negative factor: Weak copper equivalent grade

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.52

Context: 13.00

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-37)

nickel

#### Identity

- Hole ID: SMET-25-011
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.19
- Grade Unit: %
- Intercept: 13 m
- True Width: 8 m
- From: 112 m
- To: 125 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:112.0-125.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.19% over 13 metres is very weak for an open-pit scenario, contributing minimally to the overall CuEq value.

- Positive factor: True width disclosed

- Negative factor: Very weak nickel grade

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.19

Context: 13.00

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-38)

cobalt

#### Identity

- Hole ID: SMET-25-011
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.01
- Grade Unit: %
- Intercept: 13 m
- True Width: 8 m
- From: 112 m
- To: 125 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:112.0-125.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.01% over 13 metres is extremely low, indicating it is a negligible contributor to the overall CuEq value.

- Positive factor: True width disclosed

- Negative factor: Very weak cobalt grade

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.01

Context: 13.00

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-39)

palladium

#### Identity

- Hole ID: SMET-25-011
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.35
- Grade Unit: ppm
- Intercept: 13 m
- True Width: 8 m
- From: 112 m
- To: 125 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:112.0-125.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.35 ppm over 13 metres contributes to the overall polymetallic value, but the narrow width limits its individual significance.

- Positive factor: True width disclosed

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.35

Context: 13.00

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-40)

platinum

#### Identity

- Hole ID: SMET-25-011
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.09
- Grade Unit: ppm
- Intercept: 13 m
- True Width: 8 m
- From: 112 m
- To: 125 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:112.0-125.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.09 ppm over 13 metres contributes to the overall polymetallic value, but the narrow width limits its individual significance.

- Positive factor: True width disclosed

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.09

Context: 13.00

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-41)

gold

#### Identity

- Hole ID: SMET-25-011
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.03
- Grade Unit: ppm
- Intercept: 13 m
- True Width: 8 m
- From: 112 m
- To: 125 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:112.0-125.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.03 ppm over 13 metres is extremely low, indicating it is a negligible contributor to the overall CuEq value.

- Positive factor: True width disclosed

- Negative factor: Very weak gold grade for porphyry

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.03

Context: 13.00

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-42)

copper

#### Identity

- Hole ID: SMET-25-011
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.25
- Grade Unit: %
- Intercept: 152.9 m
- True Width: 95 m
- From: 171.1 m
- To: 324 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:171.1-324.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.79
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A long intercept of 152.9 metres at 0.79% CuEq, with a true width of 95 metres, represents a material result, confirming continuous mineralization.

- Positive factor: Significant intercept length

- Positive factor: Moderate copper equivalent grade

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.79

Context: 152.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-43)

nickel

#### Identity

- Hole ID: SMET-25-011
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.26
- Grade Unit: %
- Intercept: 152.9 m
- True Width: 95 m
- From: 171.1 m
- To: 324 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:171.1-324.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.79
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.26% over 152.9 metres is weak for an open-pit scenario, but contributes to the overall polymetallic value of the intercept.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.26

Context: 152.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-44)

cobalt

#### Identity

- Hole ID: SMET-25-011
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 152.9 m
- True Width: 95 m
- From: 171.1 m
- To: 324 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:171.1-324.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.79
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.02% over 152.9 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cobalt grade is very weak

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.02

Context: 152.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-45)

palladium

#### Identity

- Hole ID: SMET-25-011
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.54
- Grade Unit: ppm
- Intercept: 152.9 m
- True Width: 95 m
- From: 171.1 m
- To: 324 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:171.1-324.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.79
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.54 ppm over 152.9 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.54

Context: 152.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-46)

platinum

#### Identity

- Hole ID: SMET-25-011
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.12
- Grade Unit: ppm
- Intercept: 152.9 m
- True Width: 95 m
- From: 171.1 m
- To: 324 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:171.1-324.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.79
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.12 ppm over 152.9 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.12

Context: 152.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-47)

gold

#### Identity

- Hole ID: SMET-25-011
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.05
- Grade Unit: ppm
- Intercept: 152.9 m
- True Width: 95 m
- From: 171.1 m
- To: 324 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:171.1-324.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.79
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.05 ppm over 152.9 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Significant intercept length

- Positive factor: True width disclosed

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.05

Context: 152.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-48)

copper

#### Identity

- Hole ID: SMET-25-011
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.35
- Grade Unit: %
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:275.1-319.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.07
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A strong sub-interval of 43.9 metres at 1.07% CuEq, with a true width of 29 metres, indicates a significant higher-grade zone within the broader mineralization.

- Positive factor: Strong copper equivalent grade

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.07

Context: 43.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-49)

nickel

#### Identity

- Hole ID: SMET-25-011
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.34
- Grade Unit: %
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:275.1-319.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.07
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.34% over 43.9 metres is weak for an open-pit scenario, but contributes to the overall polymetallic value of the intercept.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.34

Context: 43.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-50)

cobalt

#### Identity

- Hole ID: SMET-25-011
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:275.1-319.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.07
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.02% over 43.9 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cobalt grade is very weak

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.02

Context: 43.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-51)

palladium

#### Identity

- Hole ID: SMET-25-011
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.75
- Grade Unit: ppm
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:275.1-319.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.07
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.75 ppm over 43.9 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.75

Context: 43.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-52)

platinum

#### Identity

- Hole ID: SMET-25-011
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.16
- Grade Unit: ppm
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:275.1-319.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.07
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.16 ppm over 43.9 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.16

Context: 43.90

### SMET-25-011

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-53)

gold

#### Identity

- Hole ID: SMET-25-011
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.06
- Grade Unit: ppm
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m
- Hole Depth: 403.6 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-011:275.1-319.0
- Mining Method: open\_pit

#### Location

- Easting: 575205
- Northing: 7642236.3
- CRS: WGS84z35S
- Elevation: 982.7 m
- Azimuth: 39.4 °
- Dip: -68.8 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.07
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.06 ppm over 43.9 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: Moderate intercept length

- Positive factor: True width disclosed

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.06

Context: 43.90

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-54)

copper

#### Identity

- Hole ID: SMET-25-009
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 25 m
- True Width: 13 m
- From: 77 m
- To: 102 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-102.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A moderate intercept of 25 metres at 0.61% CuEq, with a true width of 13 metres, is a weak result but indicates mineralization outside the current MRE, suggesting expansion potential.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE but within conceptual pit

- Negative factor: Weak copper equivalent grade

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.61

Context: 25.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-55)

nickel

#### Identity

- Hole ID: SMET-25-009
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.23
- Grade Unit: %
- Intercept: 25 m
- True Width: 13 m
- From: 77 m
- To: 102 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-102.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.23% over 25 metres is very weak for an open-pit scenario, contributing minimally to the overall CuEq value.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE but within conceptual pit

- Negative factor: Very weak nickel grade

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.23

Context: 25.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-56)

cobalt

#### Identity

- Hole ID: SMET-25-009
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 25 m
- True Width: 13 m
- From: 77 m
- To: 102 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-102.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.02% over 25 metres is extremely low, indicating it is a negligible contributor to the overall CuEq value.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE but within conceptual pit

- Negative factor: Very weak cobalt grade

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.02

Context: 25.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-57)

palladium

#### Identity

- Hole ID: SMET-25-009
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.33
- Grade Unit: ppm
- Intercept: 25 m
- True Width: 13 m
- From: 77 m
- To: 102 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-102.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.33 ppm over 25 metres contributes to the overall polymetallic value, but the grade and width limit its individual significance.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE but within conceptual pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.33

Context: 25.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-58)

platinum

#### Identity

- Hole ID: SMET-25-009
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.08
- Grade Unit: ppm
- Intercept: 25 m
- True Width: 13 m
- From: 77 m
- To: 102 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-102.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.08 ppm over 25 metres contributes to the overall polymetallic value, but the grade and width limit its individual significance.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE but within conceptual pit

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.08

Context: 25.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-59)

gold

#### Identity

- Hole ID: SMET-25-009
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.05
- Grade Unit: ppm
- Intercept: 25 m
- True Width: 13 m
- From: 77 m
- To: 102 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:77.0-102.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 0.61
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.05 ppm over 25 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE but within conceptual pit

- Negative factor: Very weak gold grade for porphyry

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.05

Context: 25.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-60)

copper

#### Identity

- Hole ID: SMET-25-009
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.4
- Grade Unit: %
- Intercept: 14 m
- True Width: 10 m
- From: 294 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:294.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: A narrow intercept of 14 metres at 1.42% CuEq, with a true width of 10 metres, is a strong result, indicating high-grade mineralization at depth and expansion potential.

- Positive factor: Strong copper equivalent grade

- Positive factor: True width disclosed

- Positive factor: Located outside MRE and beneath conceptual pit

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.42

Context: 14.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-61)

nickel

#### Identity

- Hole ID: SMET-25-009
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.55
- Grade Unit: %
- Intercept: 14 m
- True Width: 10 m
- From: 294 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:294.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The nickel grade of 0.55% over 14 metres is weak for an open-pit scenario, but contributes to the overall polymetallic value of the intercept.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE and beneath conceptual pit

- Negative factor: Nickel grade is weak for open pit

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.55

Context: 14.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-62)

cobalt

#### Identity

- Hole ID: SMET-25-009
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.04
- Grade Unit: %
- Intercept: 14 m
- True Width: 10 m
- From: 294 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:294.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The cobalt grade of 0.04% over 14 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE and beneath conceptual pit

- Negative factor: Cobalt grade is very weak

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.04

Context: 14.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-63)

palladium

#### Identity

- Hole ID: SMET-25-009
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.96
- Grade Unit: ppm
- Intercept: 14 m
- True Width: 10 m
- From: 294 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:294.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The palladium grade of 0.96 ppm over 14 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE and beneath conceptual pit

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.96

Context: 14.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-64)

platinum

#### Identity

- Hole ID: SMET-25-009
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.16
- Grade Unit: ppm
- Intercept: 14 m
- True Width: 10 m
- From: 294 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:294.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The platinum grade of 0.16 ppm over 14 metres contributes to the overall polymetallic value, enhancing the project's economic potential.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE and beneath conceptual pit

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.16

Context: 14.00

### SMET-25-009

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-65)

gold

#### Identity

- Hole ID: SMET-25-009
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.06
- Grade Unit: ppm
- Intercept: 14 m
- True Width: 10 m
- From: 294 m
- To: 308 m
- Hole Depth: 455.2 m

#### Classification

- Deposit Type: other
- Program: resource
- Sample Type: drill
- Group ID: SMET-25-009:294.0-308.0
- Mining Method: open\_pit

#### Location

- Easting: 575330.4
- Northing: 7642547.7
- CRS: WGS84z35S
- Elevation: 989.3 m
- Azimuth: 334.7 °
- Dip: -88.1 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: The gold grade of 0.06 ppm over 14 metres is very low, indicating it is a minor contributor to the overall CuEq value.

- Positive factor: True width disclosed

- Positive factor: Located outside MRE and beneath conceptual pit

- Negative factor: Gold grade is very weak for porphyry

- Negative factor: Narrow intercept length

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.06

Context: 14.00

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-66)

copper

#### Identity

- Hole ID: incl.
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.46
- Grade Unit: %
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:129-226
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.46 % copper is weak against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 44.6 %·m is weak.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.46

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-67)

nickel

#### Identity

- Hole ID: incl.
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.43
- Grade Unit: %
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:129-226
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.43 % nickel is weak against the default band \[3, 1.5, 0.8, 0.3\] %.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.43

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-68)

cobalt

#### Identity

- Hole ID: incl.
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.03
- Grade Unit: %
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:129-226
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.03 % cobalt is below against the default band \[0.5, 0.3, 0.15, 0.08\] %.

- Negative factor: 0.03 % cobalt is below the weak threshold \(0.08 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.03

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-69)

palladium

#### Identity

- Hole ID: incl.
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.76
- Grade Unit: ppm
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:129-226
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.76 ppm palladium. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for palladium; intercept not scored.

Evidence · table

> 0.76

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-70)

platinum

#### Identity

- Hole ID: incl.
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.18
- Grade Unit: ppm
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:129-226
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.18 ppm platinum. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for platinum; intercept not scored.

Evidence · table

> 0.18

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-71)

gold

#### Identity

- Hole ID: incl.
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.08
- Grade Unit: ppm
- Intercept: 97 m
- True Width: 66 m
- From: 129 m
- To: 226 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:129-226
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.08 ppm gold, reported in a unit the rubric does not cover \(g/t\).

- Negative factor: Grade unit ppm does not match the gold rubric unit g/t; not scored.

Evidence · table

> 0.08

Context: incl.

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-72)

copper

#### Identity

- Hole ID: and
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.52
- Grade Unit: %
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: and:257-304.9
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.52 % copper is moderate against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 24.9 %·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.52

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-73)

nickel

#### Identity

- Hole ID: and
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.49
- Grade Unit: %
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: and:257-304.9
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.49 % nickel is weak against the default band \[3, 1.5, 0.8, 0.3\] %.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.49

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-74)

cobalt

#### Identity

- Hole ID: and
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.03
- Grade Unit: %
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: and:257-304.9
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.03 % cobalt is below against the default band \[0.5, 0.3, 0.15, 0.08\] %.

- Negative factor: 0.03 % cobalt is below the weak threshold \(0.08 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.03

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-75)

palladium

#### Identity

- Hole ID: and
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.83
- Grade Unit: ppm
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: and:257-304.9
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.83 ppm palladium. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for palladium; intercept not scored.

Evidence · table

> 0.83

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-76)

platinum

#### Identity

- Hole ID: and
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.17
- Grade Unit: ppm
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: and:257-304.9
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.17 ppm platinum. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for platinum; intercept not scored.

Evidence · table

> 0.17

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-77)

gold

#### Identity

- Hole ID: and
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.07
- Grade Unit: ppm
- Intercept: 47.9 m
- True Width: 33 m
- From: 257 m
- To: 304.9 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: and:257-304.9
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.07 ppm gold, reported in a unit the rubric does not cover \(g/t\).

- Negative factor: Grade unit ppm does not match the gold rubric unit g/t; not scored.

Evidence · table

> 0.07

Context: and

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-78)

copper

#### Identity

- Hole ID: incl.
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:110-268
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.3 % copper is weak against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 47.4 %·m is weak.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.30

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-79)

nickel

#### Identity

- Hole ID: incl.
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:110-268
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.3 % nickel is weak against the default band \[3, 1.5, 0.8, 0.3\] %.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.30

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-80)

cobalt

#### Identity

- Hole ID: incl.
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:110-268
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.02 % cobalt is below against the default band \[0.5, 0.3, 0.15, 0.08\] %.

- Negative factor: 0.02 % cobalt is below the weak threshold \(0.08 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.02

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-81)

palladium

#### Identity

- Hole ID: incl.
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.52
- Grade Unit: ppm
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:110-268
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.52 ppm palladium. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for palladium; intercept not scored.

Evidence · table

> 0.52

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-82)

platinum

#### Identity

- Hole ID: incl.
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.12
- Grade Unit: ppm
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:110-268
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.12 ppm platinum. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for platinum; intercept not scored.

Evidence · table

> 0.12

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-83)

gold

#### Identity

- Hole ID: incl.
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.05
- Grade Unit: ppm
- Intercept: 158 m
- True Width: 94 m
- From: 110 m
- To: 268 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:110-268
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.05 ppm gold, reported in a unit the rubric does not cover \(g/t\).

- Negative factor: Grade unit ppm does not match the gold rubric unit g/t; not scored.

Evidence · table

> 0.05

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-84)

copper

#### Identity

- Hole ID: incl.
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.4
- Grade Unit: %
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:146-196
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.4 % copper is weak against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 20.0 %·m is weak.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.40

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-85)

nickel

#### Identity

- Hole ID: incl.
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.43
- Grade Unit: %
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:146-196
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.43 % nickel is weak against the default band \[3, 1.5, 0.8, 0.3\] %.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.43

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-86)

cobalt

#### Identity

- Hole ID: incl.
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:146-196
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.02 % cobalt is below against the default band \[0.5, 0.3, 0.15, 0.08\] %.

- Negative factor: 0.02 % cobalt is below the weak threshold \(0.08 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.02

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-87)

palladium

#### Identity

- Hole ID: incl.
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.68
- Grade Unit: ppm
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:146-196
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.68 ppm palladium. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for palladium; intercept not scored.

Evidence · table

> 0.68

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-88)

platinum

#### Identity

- Hole ID: incl.
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.16
- Grade Unit: ppm
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:146-196
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.16 ppm platinum. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for platinum; intercept not scored.

Evidence · table

> 0.16

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-89)

gold

#### Identity

- Hole ID: incl.
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.08
- Grade Unit: ppm
- Intercept: 50 m
- True Width: 30 m
- From: 146 m
- To: 196 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:146-196
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.08 ppm gold, reported in a unit the rubric does not cover \(g/t\).

- Negative factor: Grade unit ppm does not match the gold rubric unit g/t; not scored.

Evidence · table

> 0.08

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-90)

copper

#### Identity

- Hole ID: incl.
- Commodity: copper
- Ticker: NEXM

#### Geometry

- Grade: 0.35
- Grade Unit: %
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:275.1-319
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.35 % copper is weak against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 15.4 %·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.35

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-91)

nickel

#### Identity

- Hole ID: incl.
- Commodity: nickel
- Ticker: NEXM

#### Geometry

- Grade: 0.34
- Grade Unit: %
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:275.1-319
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.34 % nickel is weak against the default band \[3, 1.5, 0.8, 0.3\] %.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.34

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-92)

cobalt

#### Identity

- Hole ID: incl.
- Commodity: cobalt
- Ticker: NEXM

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:275.1-319
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table. 0.02 % cobalt is below against the default band \[0.5, 0.3, 0.15, 0.08\] %.

- Negative factor: 0.02 % cobalt is below the weak threshold \(0.08 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.02

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-93)

palladium

#### Identity

- Hole ID: incl.
- Commodity: palladium
- Ticker: NEXM

#### Geometry

- Grade: 0.75
- Grade Unit: ppm
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:275.1-319
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.75 ppm palladium. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for palladium; intercept not scored.

Evidence · table

> 0.75

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-94)

platinum

#### Identity

- Hole ID: incl.
- Commodity: platinum
- Ticker: NEXM

#### Geometry

- Grade: 0.16
- Grade Unit: ppm
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:275.1-319
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.16 ppm platinum. No grade band defined for this commodity, so the score is a placeholder.

- Negative factor: No grade rubric for platinum; intercept not scored.

Evidence · table

> 0.16

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establ--e8b4aa4d-cb41-4f2f-ad76-d6ffad74a425#fact-drill-facts-95)

gold

#### Identity

- Hole ID: incl.
- Commodity: gold
- Ticker: NEXM

#### Geometry

- Grade: 0.06
- Grade Unit: ppm
- Intercept: 43.9 m
- True Width: 29 m
- From: 275.1 m
- To: 319 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: incl.:275.1-319
- Mining Method: open\_pit

#### Location

- CRS: WGS84z35S

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-12-03T00:00:00.000Z

Reasoning: Expanded from assay table: 0.06 ppm gold, reported in a unit the rubric does not cover \(g/t\).

- Negative factor: Grade unit ppm does not match the gold rubric unit g/t; not scored.

Evidence · table

> 0.06

Context: incl.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.