# 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

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12

Original source: https://money.tmx.com/en/quote/NEXM/news/8542456493632130/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres-

Publisher: tmx

Original announcement: 2026-01-27T12:00:00.000Z

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

- Document categories: Drill results, Resource update

- Extracted: 2026-08-21 02:51:14 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: high-grade copper-nickel intercepts

- Positive factor: continuity of mineralization

- Positive factor: step-out success

- Negative factor: true width unknown due to widely spaced drilling

Facts used in scoring: 23

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Only**

Polarity: negative

Definition: 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-25-194

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-0)

Selebi North · copper

#### 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 factor: strong grade

- Positive factor: significant width

Evidence · text

> 32.45 metres of 4.61% CuEq \(1.61% Cu, 1.46% Ni\)

### SNUG-25-194

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-1)

Selebi North · nickel

#### 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 factor: strong grade

Evidence · text

> 32.45 metres of 4.61% CuEq \(1.61% Cu, 1.46% Ni\)

### SNUG-25-194

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-2)

Selebi North · copper

#### 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 factor: exceptional grade

Evidence · table

> 2.35

Context: 9.65

### SNUG-25-194

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-3)

Selebi North · nickel

#### 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 factor: strong grade

Evidence · table

> 1.72

Context: 9.65

### SNUG-25-191

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-4)

Selebi North · copper

#### 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 factor: narrow intercept

Evidence · table

> 0.64

Context: 1.40

### SNUG-25-191

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-5)

Selebi North · nickel

#### 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 factor: narrow intercept

Evidence · table

> 1.67

Context: 1.40

### SNUG-25-191

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-6)

Selebi North · cobalt

#### 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 factor: 0.07 % 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

> 0.07

Context: SNUG-25-191

### SNUG-25-192

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-7)

Selebi North · copper

#### 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 factor: 1.2 % copper is strong on the default band.

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

Evidence · table

> 1.20

Context: SNUG-25-192

### SNUG-25-192

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-8)

Selebi North · nickel

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

Evidence · table

> 1.13

Context: SNUG-25-192

### SNUG-25-192

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-9)

Selebi North · cobalt

#### 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 factor: 0.04 % 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

> 0.04

Context: SNUG-25-192

### SNUG-25-194

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-10)

Selebi North · cobalt

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

Evidence · table

> 0.08

Context: SNUG-25-194

### incl

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-11)

Selebi North · copper

#### 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 factor: 1.11 % copper is strong on the default band.

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

Evidence · table

> 1.11

Context: incl

### incl

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-12)

Selebi North · nickel

#### 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 factor: 2.3 % nickel is strong on the default band.

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

Evidence · table

> 2.30

Context: incl

### incl

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-13)

Selebi North · cobalt

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

Evidence · table

> 0.12

Context: incl

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-14)

Selebi North · copper

#### 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 factor: 2.35 % copper is strong on the default band.

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

Evidence · table

> 2.35

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-15)

Selebi North · nickel

#### 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 factor: 1.72 % nickel is strong on the default band.

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

Evidence · table

> 1.72

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-16)

Selebi North · cobalt

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

Evidence · table

> 0.09

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-17)

Selebi North · copper

#### 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 factor: 2.14 % copper is strong on the default band.

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

Evidence · table

> 2.14

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-18)

Selebi North · nickel

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

Evidence · table

> 1.39

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-19)

Selebi North · cobalt

#### 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 factor: 0.07 % 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

> 0.07

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-20)

Selebi North · copper

#### 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 factor: 2.02 % copper is strong on the default band.

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

Evidence · table

> 2.02

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-21)

Selebi North · nickel

#### 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 factor: 1.98 % nickel is strong on the default band.

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

Evidence · table

> 1.98

Context: and

### and

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres--3e8143e6-ce45-4f2a-a655-8323e50c6f12#fact-drill-facts-22)

Selebi North · cobalt

#### 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 factor: 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.