NexMetals Mining Nearly Triples Selebi North Indicated Mineral Resources to 8.95 Million Tonnes and Increases Inferred Mineral Resources to 9.48 Million Tonnes
Original announcement by jmn on
- Company
- NexMetals Mining Corp.
- Ticker
- NEXM
- Exchange
- TSXV
- Region
- Botswana
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Cobalt
- Document categories
- Resource update
- Extracted
- 2026-10-20 12:27:59 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
NexMetals Mining has released an updated Mineral Resource Estimate for the Selebi Mines in Botswana, nearly tripling the Selebi North Indicated resource to 8.95 Mt. The update, which includes the Selebi Main deposit, brings the total Indicated resource to 8.95 Mt and the total Inferred resource to 41.95 Mt, supported by 42,633 metres of recent drilling.
Reasoning: The update shows massive tonnage growth and successful resource conversion (Inferred to Indicated) driven by significant recent drilling, alongside improving grades for the primary metals.
Positive factors
- Significant tonnage growth in Indicated category (+198%)
- Grade improvement in copper (+14%) and nickel (+10%)
- Successful conversion of ~20% of Inferred to Indicated resources
- Expansion of Inferred resource tonnage (+70%)
- New geological interpretation suggesting connectivity between Selebi North and Selebi Main
Negative factors
- Slight grade decline in combined Inferred copper (-3%)
Facts used in scoring: 12
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Selebi North Indicated tonnage increased by 198% from 3.00 Mt to 8.95 Mt.
Evidence · table
“+198%”
Context: 3.00
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: Copper grade in Selebi North Indicated increased by 14% from 0.90% to 1.03%.
Evidence · table
“+14%”
Context: 0.90
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE is reported in accordance with NI 43-101 standards.
Evidence · text
“reported in accordance with... NI 43-101”
QP/CP Signedpositive
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: Mr. J.C. Witley, a Qualified Person, has reviewed and approved the technical information.
Evidence · text
“The Qualified Person, Mr. J.C. Witley... has reviewed and approved”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (12)
indicatedSelebi North · copperTonnes: 8950000Grade: 204Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi North
- Commodity
- copper
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:5e260ef99e03ccf0a1c5
- Deposit or zone
- Selebi North
Resource Data
- Category
- indicated
- Tonnes
- 8950000
- Grade
- 204
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Strong tonnage growth and grade improvement in the Indicated category.
Positive factors
- Significant tonnage increase vs 2024
Evidence · table
“204”
Context: 8.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedSelebi North · nickelTonnes: 8950000Grade: 214Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi North
- Commodity
- nickel
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:5e260ef99e03ccf0a1c5
- Deposit or zone
- Selebi North
Resource Data
- Category
- indicated
- Tonnes
- 8950000
- Grade
- 214
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Grade improvement in the Indicated category.
Positive factors
- Grade improvement vs 2024
Evidence · table
“214”
Context: 8.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedSelebi North · cobaltTonnes: 8950000Grade: 11Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi North
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:5e260ef99e03ccf0a1c5
- Deposit or zone
- Selebi North
Resource Data
- Category
- indicated
- Tonnes
- 8950000
- Grade
- 11
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: New commodity inclusion in the Indicated resource.
Positive factors
- New cobalt resource reported
Evidence · table
“11”
Context: 8.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi Main Upper Zone · copperTonnes: 23520000Grade: 834Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi Main Upper Zone
- Commodity
- copper
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:da56553a7e9f50a984df
- Deposit or zone
- Selebi Main Upper Zone
Resource Data
- Category
- inferred
- Tonnes
- 23520000
- Grade
- 834
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“834”
Context: 23.52
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi Main Upper Zone · nickelTonnes: 23520000Grade: 546Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi Main Upper Zone
- Commodity
- nickel
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:da56553a7e9f50a984df
- Deposit or zone
- Selebi Main Upper Zone
Resource Data
- Category
- inferred
- Tonnes
- 23520000
- Grade
- 546
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“546”
Context: 23.52
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi Main Upper Zone · cobaltTonnes: 23520000Grade: 28Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi Main Upper Zone
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:da56553a7e9f50a984df
- Deposit or zone
- Selebi Main Upper Zone
Resource Data
- Category
- inferred
- Tonnes
- 23520000
- Grade
- 28
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“28”
Context: 23.52
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi Main Lower Zone · copperTonnes: 8950000Grade: 259Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi Main Lower Zone
- Commodity
- copper
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:b136c62e562aff3675ef
- Deposit or zone
- Selebi Main Lower Zone
Resource Data
- Category
- inferred
- Tonnes
- 8950000
- Grade
- 259
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“259”
Context: 8.95
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi Main Lower Zone · nickelTonnes: 8950000Grade: 153Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi Main Lower Zone
- Commodity
- nickel
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:b136c62e562aff3675ef
- Deposit or zone
- Selebi Main Lower Zone
Resource Data
- Category
- inferred
- Tonnes
- 8950000
- Grade
- 153
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“153”
Context: 8.95
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi Main Lower Zone · cobaltTonnes: 8950000Grade: 8Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi Main Lower Zone
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:b136c62e562aff3675ef
- Deposit or zone
- Selebi Main Lower Zone
Resource Data
- Category
- inferred
- Tonnes
- 8950000
- Grade
- 8
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“8”
Context: 8.95
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi North · copperTonnes: 9480000Grade: 253Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi North
- Commodity
- copper
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c29ef149496e8f843492
- Deposit or zone
- Selebi North
Resource Data
- Category
- inferred
- Tonnes
- 9480000
- Grade
- 253
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“253”
Context: 9.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi North · nickelTonnes: 9480000Grade: 236Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi North
- Commodity
- nickel
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c29ef149496e8f843492
- Deposit or zone
- Selebi North
Resource Data
- Category
- inferred
- Tonnes
- 9480000
- Grade
- 236
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“236”
Context: 9.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSelebi North · cobaltTonnes: 9480000Grade: 12Grade Unit: mlbsView all detailsHide details
Identity
- Project
- Selebi North
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c29ef149496e8f843492
- Deposit or zone
- Selebi North
Resource Data
- Category
- inferred
- Tonnes
- 9480000
- Grade
- 12
- Grade Unit
- mlbs
- Cutoff Grade
- 75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-10-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Standard inferred resource component.
Evidence · table
“12”
Context: 9.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.