NexMetals Drills 32.45 Metres of 4.61% CuEq Including 5.88% CuEq Over 9.65 Metres Showing Continuity of High-Grade Mineralization at Selebi North

Original announcement by tmx on

Company
NexMetals Mining Corp.
Ticker
NEXM
Exchange
TSX
Region
Botswana
Primary commodity
Copper
Secondary commodities
Nickel, Cobalt
Document categories
Drill results, Resource update
Extracted
2026-08-21 02:51:14 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

NexMetals reported high-grade copper-nickel assay results from the Selebi North Underground deposit, highlighted by a 32.45m intercept of 4.61% CuEq in hole SNUG-25-194. The drilling successfully tested strike continuity and will be used to update the upcoming Mineral Resource Estimate.

Reasoning: Strong high-grade Cu-Ni intercepts in step-out holes (SNUG-25-191/192) and significant continuity in SNUG-25-194, supporting upcoming resource expansion.

Positive factors

  • high-grade copper-nickel intercepts
  • continuity of mineralization
  • step-out success

Negative factors

  • true width unknown due to widely spaced drilling

Facts used in scoring: 23

Atlas analysis — NexMetals Mining Corp.: NexMetals Drills 32.45 Metres of 4.61% CuEq Including 5.88% CuEq Over 9.65 Metres Showing Continuity of High-Grade Mineralization at Selebi North. 1.61 % over 32.45 m; 2.35 % over 9.65 m; 1.11 % over 7.9 m

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: SNUG-25-191 and 192 were step-out holes to test South Limb mineralization along strike.

Evidence · text

“SNUG-25-191 and SNUG-25-192 were step-out holes to test South Limb mineralization along strike”

QA/QC Disclosedpositive

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

Why it applies: Release includes details on lab (ALS Chemex), standards, blanks, and duplicates.

Evidence · text

“Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True widths are unknown due to widely spaced drillholes in folded mineralized horizon.

Evidence · text

“True widths are unknown because of widely spaced drillholes in folded mineralized horizon.”

Extracted facts

Stored fact records: 23. Some facts used in scoring do not have a stored record.

Drill Results (23)

SNUG-25-194Selebi North · copperGrade: 1.61Grade Unit: %Intercept: 32.45 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
copper
Ticker
NEXM

Geometry

Grade
1.61
Grade Unit
%
Intercept
32.45 m
From
789.1 m
To
821.55 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:789.1-821.55
Mining Method
underground

QA/QC

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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: High-grade copper intercept in a resource expansion program.

Positive factors

  • strong grade
  • significant width

Evidence · text

“32.45 metres of 4.61% CuEq (1.61% Cu, 1.46% Ni)”
SNUG-25-194Selebi North · nickelGrade: 1.46Grade Unit: %Intercept: 32.45 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
nickel
Ticker
NEXM

Geometry

Grade
1.46
Grade Unit
%
Intercept
32.45 m
From
789.1 m
To
821.55 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:789.1-821.55
Mining Method
underground

QA/QC

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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: High-grade nickel intercept supporting CuEq.

Positive factors

  • strong grade

Evidence · text

“32.45 metres of 4.61% CuEq (1.61% Cu, 1.46% Ni)”
SNUG-25-194Selebi North · copperGrade: 2.35Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
copper
Ticker
NEXM

Geometry

Grade
2.35
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:802.5-812.15
Mining Method
underground

QA/QC

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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: High grade sub-interval within the main intercept.

Positive factors

  • exceptional grade

Evidence · table

“2.35”

Context: 9.65

SNUG-25-194Selebi North · nickelGrade: 1.72Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
nickel
Ticker
NEXM

Geometry

Grade
1.72
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:802.5-812.15
Mining Method
underground

QA/QC

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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: High grade sub-interval within the main intercept.

Positive factors

  • strong grade

Evidence · table

“1.72”

Context: 9.65

SNUG-25-191Selebi North · copperGrade: 0.64Grade Unit: %Intercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-191
Project
Selebi North
Commodity
copper
Ticker
NEXM

Geometry

Grade
0.64
Grade Unit
%
Intercept
1.4 m
From
666.6 m
To
668 m

Classification

Sample Type
drill
Group ID
SNUG-25-191:666.6-668.0
Mining Method
underground

QA/QC

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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Low grade and narrow intercept in a step-out hole.

Negative factors

  • narrow intercept

Evidence · table

“0.64”

Context: 1.40

SNUG-25-191Selebi North · nickelGrade: 1.67Grade Unit: %Intercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-191
Project
Selebi North
Commodity
nickel
Ticker
NEXM

Geometry

Grade
1.67
Grade Unit
%
Intercept
1.4 m
From
666.6 m
To
668 m

Classification

Sample Type
drill
Group ID
SNUG-25-191:666.6-668.0
Mining Method
underground

QA/QC

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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Narrow intercept.

Negative factors

  • narrow intercept

Evidence · table

“1.67”

Context: 1.40

SNUG-25-191Selebi North · cobaltGrade: 0.07Grade Unit: %Intercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-191
Project
Selebi North
Commodity
cobalt
Ticker
NEXM

Geometry

Grade
0.07
Grade Unit
%
Intercept
1.4 m
From
666.6 m
To
668 m

Classification

Sample Type
drill
Group ID
SNUG-25-191:666.6-668
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.07 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.07 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.07”

Context: SNUG-25-191

SNUG-25-192Selebi North · copperGrade: 1.2Grade Unit: %Intercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-192
Project
Selebi North
Commodity
copper
Ticker
NEXM

Geometry

Grade
1.2
Grade Unit
%
Intercept
0.6 m
From
796.85 m
To
797.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-192:796.85-797.45
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.2 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 0.7 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 1.2 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.20”

Context: SNUG-25-192

SNUG-25-192Selebi North · nickelGrade: 1.13Grade Unit: %Intercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-192
Project
Selebi North
Commodity
nickel
Ticker
NEXM

Geometry

Grade
1.13
Grade Unit
%
Intercept
0.6 m
From
796.85 m
To
797.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-192:796.85-797.45
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.13 % nickel is moderate against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.13”

Context: SNUG-25-192

SNUG-25-192Selebi North · cobaltGrade: 0.04Grade Unit: %Intercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-192
Project
Selebi North
Commodity
cobalt
Ticker
NEXM

Geometry

Grade
0.04
Grade Unit
%
Intercept
0.6 m
From
796.85 m
To
797.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-192:796.85-797.45
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.04 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.04 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.04”

Context: SNUG-25-192

SNUG-25-194Selebi North · cobaltGrade: 0.08Grade Unit: %Intercept: 32.45 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
cobalt
Ticker
NEXM

Geometry

Grade
0.08
Grade Unit
%
Intercept
32.45 m
From
789.1 m
To
821.55 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:789.1-821.55
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

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

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.08”

Context: SNUG-25-194

inclSelebi North · copperGrade: 1.11Grade Unit: %Intercept: 7.9 mView all details
Link to this fact

Identity

Hole ID
incl
Project
Selebi North
Commodity
copper
Ticker
NEXM

Geometry

Grade
1.11
Grade Unit
%
Intercept
7.9 m
From
789.1 m
To
797 m

Classification

Sample Type
drill
Group ID
incl:789.1-797
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.11 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 8.8 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 1.11 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.11”

Context: incl

inclSelebi North · nickelGrade: 2.3Grade Unit: %Intercept: 7.9 mView all details
Link to this fact

Identity

Hole ID
incl
Project
Selebi North
Commodity
nickel
Ticker
NEXM

Geometry

Grade
2.3
Grade Unit
%
Intercept
7.9 m
From
789.1 m
To
797 m

Classification

Sample Type
drill
Group ID
incl:789.1-797
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 2.3 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 2.3 % nickel is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.30”

Context: incl

inclSelebi North · cobaltGrade: 0.12Grade Unit: %Intercept: 7.9 mView all details
Link to this fact

Identity

Hole ID
incl
Project
Selebi North
Commodity
cobalt
Ticker
NEXM

Geometry

Grade
0.12
Grade Unit
%
Intercept
7.9 m
From
789.1 m
To
797 m

Classification

Sample Type
drill
Group ID
incl:789.1-797
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.12 % cobalt is weak against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.12”

Context: incl

andSelebi North · copperGrade: 2.35Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
copper
Ticker
NEXM

Geometry

Grade
2.35
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m

Classification

Sample Type
drill
Group ID
and:802.5-812.15
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 2.35 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 22.7 %·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 2.35 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.35”

Context: and

andSelebi North · nickelGrade: 1.72Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
nickel
Ticker
NEXM

Geometry

Grade
1.72
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m

Classification

Sample Type
drill
Group ID
and:802.5-812.15
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.72 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 1.72 % nickel is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.72”

Context: and

andSelebi North · cobaltGrade: 0.09Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
cobalt
Ticker
NEXM

Geometry

Grade
0.09
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m

Classification

Sample Type
drill
Group ID
and:802.5-812.15
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.09 % cobalt is weak against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.09”

Context: and

andSelebi North · copperGrade: 2.14Grade Unit: %Intercept: 2.95 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
copper
Ticker
NEXM

Geometry

Grade
2.14
Grade Unit
%
Intercept
2.95 m
From
813.8 m
To
816.75 m

Classification

Sample Type
drill
Group ID
and:813.8-816.75
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 2.14 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 6.3 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 2.14 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.14”

Context: and

andSelebi North · nickelGrade: 1.39Grade Unit: %Intercept: 2.95 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
nickel
Ticker
NEXM

Geometry

Grade
1.39
Grade Unit
%
Intercept
2.95 m
From
813.8 m
To
816.75 m

Classification

Sample Type
drill
Group ID
and:813.8-816.75
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.39 % nickel is moderate against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.39”

Context: and

andSelebi North · cobaltGrade: 0.07Grade Unit: %Intercept: 2.95 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
cobalt
Ticker
NEXM

Geometry

Grade
0.07
Grade Unit
%
Intercept
2.95 m
From
813.8 m
To
816.75 m

Classification

Sample Type
drill
Group ID
and:813.8-816.75
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.07 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.07 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.07”

Context: and

andSelebi North · copperGrade: 2.02Grade Unit: %Intercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
copper
Ticker
NEXM

Geometry

Grade
2.02
Grade Unit
%
Intercept
2.75 m
From
818.8 m
To
821.55 m

Classification

Sample Type
drill
Group ID
and:818.8-821.55
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 2.02 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 5.6 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 2.02 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.02”

Context: and

andSelebi North · nickelGrade: 1.98Grade Unit: %Intercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
nickel
Ticker
NEXM

Geometry

Grade
1.98
Grade Unit
%
Intercept
2.75 m
From
818.8 m
To
821.55 m

Classification

Sample Type
drill
Group ID
and:818.8-821.55
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.98 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 1.98 % nickel is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.98”

Context: and

andSelebi North · cobaltGrade: 0.1Grade Unit: %Intercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
cobalt
Ticker
NEXM

Geometry

Grade
0.1
Grade Unit
%
Intercept
2.75 m
From
818.8 m
To
821.55 m

Classification

Sample Type
drill
Group ID
and:818.8-821.55
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.1 % cobalt is weak against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.10”

Context: and

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.