NexMetals Reports Final Drill Results from Its 2025 Selebi North Underground Program; Confirms High-Grade Continuity with 18.80 Metres of 4.69% CuEq (2.10% Cu and 1.26% Ni)

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
Extracted
2026-08-21 00:36:18 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

NexMetals has reported final drill results from its 2025 Selebi North underground program, confirming high-grade continuity including 18.80m at 4.69% CuEq. The drilling successfully extended the South Limb mineralization footprint by approximately 315 metres down-plunge.

Reasoning: The results confirm high-grade copper-nickel continuity and extend the known footprint of the South Limb mineralization by ~315m, supporting an upcoming resource update.

Positive factors

  • high-grade continuity confirmed
  • step-out extension of South Limb mineralization
  • improving copper grades down-plunge
  • QA/QC disclosed

Negative factors

  • true width not explicitly stated for all intercepts

Facts used in scoring: 24

Atlas analysis — NexMetals Mining Corp.: NexMetals Reports Final Drill Results from Its 2025 Selebi North Underground Program; Confirms High-Grade Continuity with 18.80 Metres of 4.69% CuEq (2.10% Cu and 1.26% Ni). 2.1 % over 18.8 m; 2.38 % over 9.75 m; 0.47 % over 3.2 m

Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

Drill Results (24)

SNUG-25-197Selebi North · copperGrade: 2.1Grade Unit: %Intercept: 18.8 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
2.1
Grade Unit
%
Intercept
18.8 m
From
724.65 m
To
743.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:724.65-743.45
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
2026-04-01T00:00:00.000Z

Reasoning: 18.8m at 2.1% Cu is a strong intercept for an underground Ni-Cu system.

Positive factors

  • strong grade for underground

Evidence · table

“2.10”

Context: 18.80

SNUG-25-197Selebi North · nickelGrade: 1.26Grade Unit: %Intercept: 18.8 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
1.26
Grade Unit
%
Intercept
18.8 m
From
724.65 m
To
743.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:724.65-743.45
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
2026-04-01T00:00:00.000Z

Reasoning: 1.26% Ni accompanies high copper grades in a significant interval.

Positive factors

  • strong nickel grade

Evidence · table

“1.26”

Context: 18.80

SNUG-25-197Selebi North · cobaltGrade: 0.06Grade Unit: %Intercept: 18.8 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.06
Grade Unit
%
Intercept
18.8 m
From
724.65 m
To
743.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:724.65-743.45
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
2026-04-01T00:00:00.000Z

Reasoning: Trace cobalt reported.

Evidence · table

“0.06”

Context: 18.80

SNUG-25-197Selebi North · copperGrade: 2.38Grade Unit: %Intercept: 9.75 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
2.38
Grade Unit
%
Intercept
9.75 m
From
724.65 m
To
734.4 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:724.65-734.4
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
2026-04-01T00:00:00.000Z

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

Positive factors

  • high grade sub-interval

Evidence · table

“2.38”

Context: 9.75

SNUG-25-197Selebi North · nickelGrade: 1.21Grade Unit: %Intercept: 9.75 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
1.21
Grade Unit
%
Intercept
9.75 m
From
724.65 m
To
734.4 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:724.65-734.4
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
2026-04-01T00:00:00.000Z

Reasoning: High grade sub-interval.

Evidence · table

“1.21”

Context: 9.75

SNUG-25-197Selebi North · cobaltGrade: 0.06Grade Unit: %Intercept: 9.75 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.06
Grade Unit
%
Intercept
9.75 m
From
724.65 m
To
734.4 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:724.65-734.4
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
2026-04-01T00:00:00.000Z

Reasoning: Trace cobalt.

Evidence · table

“0.06”

Context: 9.75

SNUG-25-197Selebi North · copperGrade: 2.25Grade Unit: %Intercept: 6.45 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
2.25
Grade Unit
%
Intercept
6.45 m
From
737 m
To
743.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:737.0-743.45
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
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-04-01T00:00:00.000Z

Reasoning: Very high grade sub-interval (5.67% CuEq).

Positive factors

  • Bonanza Intercept

Evidence · table

“2.25”

Context: 6.45

SNUG-25-197Selebi North · nickelGrade: 1.66Grade Unit: %Intercept: 6.45 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
1.66
Grade Unit
%
Intercept
6.45 m
From
737 m
To
743.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:737.0-743.45
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
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-04-01T00:00:00.000Z

Reasoning: High grade sub-interval.

Evidence · table

“1.66”

Context: 6.45

SNUG-25-197Selebi North · cobaltGrade: 0.08Grade Unit: %Intercept: 6.45 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-197
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.08
Grade Unit
%
Intercept
6.45 m
From
737 m
To
743.45 m

Classification

Sample Type
drill
Group ID
SNUG-25-197:737.0-743.45
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
2026-04-01T00:00:00.000Z

Reasoning: Trace cobalt.

Evidence · table

“0.08”

Context: 6.45

SNUG-25-199Selebi North · copperGrade: 0.47Grade Unit: %Intercept: 3.2 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-199
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.47
Grade Unit
%
Intercept
3.2 m
From
536.2 m
To
539.4 m

Classification

Sample Type
drill
Group ID
SNUG-25-199:536.2-539.4
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
2026-04-01T00:00:00.000Z

Reasoning: Moderate grade intercept.

Evidence · table

“0.47”

Context: 3.20

SNUG-25-199Selebi North · nickelGrade: 1.13Grade Unit: %Intercept: 3.2 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-199
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
1.13
Grade Unit
%
Intercept
3.2 m
From
536.2 m
To
539.4 m

Classification

Sample Type
drill
Group ID
SNUG-25-199:536.2-539.4
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
2026-04-01T00:00:00.000Z

Reasoning: Moderate grade intercept.

Evidence · table

“1.13”

Context: 3.20

SNUG-25-199Selebi North · cobaltGrade: 0.06Grade Unit: %Intercept: 3.2 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-199
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.06
Grade Unit
%
Intercept
3.2 m
From
536.2 m
To
539.4 m

Classification

Sample Type
drill
Group ID
SNUG-25-199:536.2-539.4
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
2026-04-01T00:00:00.000Z

Reasoning: Trace cobalt.

Evidence · table

“0.06”

Context: 3.20

SNUG-25-200Selebi North · copperGrade: 0.65Grade Unit: %Intercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-200
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.65
Grade Unit
%
Intercept
1.65 m
From
373.9 m
To
375.55 m

Classification

Sample Type
drill
Group ID
SNUG-25-200:373.9-375.55
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
2026-04-01T00:00:00.000Z

Reasoning: Narrow high-grade interval.

Evidence · table

“0.65”

Context: 1.65

SNUG-25-200Selebi North · nickelGrade: 1.91Grade Unit: %Intercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-200
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
1.91
Grade Unit
%
Intercept
1.65 m
From
373.9 m
To
375.55 m

Classification

Sample Type
drill
Group ID
SNUG-25-200:373.9-375.55
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
2026-04-01T00:00:00.000Z

Reasoning: Narrow high-grade interval.

Evidence · table

“1.91”

Context: 1.65

SNUG-25-200Selebi North · cobaltGrade: 0.12Grade Unit: %Intercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-200
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.12
Grade Unit
%
Intercept
1.65 m
From
373.9 m
To
375.55 m

Classification

Sample Type
drill
Group ID
SNUG-25-200:373.9-375.55
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
2026-04-01T00:00:00.000Z

Reasoning: Narrow interval.

Evidence · table

“0.12”

Context: 1.65

SNUG-25-200Selebi North · copperGrade: 0.67Grade Unit: %Intercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-200
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.67
Grade Unit
%
Intercept
1.35 m
From
633.3 m
To
634.65 m

Classification

Sample Type
drill
Group ID
SNUG-25-200:633.3-634.65
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
2026-04-01T00:00:00.000Z

Reasoning: Narrow interval.

Evidence · table

“0.67”

Context: 1.35

SNUG-25-200Selebi North · nickelGrade: 0.27Grade Unit: %Intercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-200
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.27
Grade Unit
%
Intercept
1.35 m
From
633.3 m
To
634.65 m

Classification

Sample Type
drill
Group ID
SNUG-25-200:633.3-634.65
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
2026-04-01T00:00:00.000Z

Reasoning: Narrow interval.

Evidence · table

“0.27”

Context: 1.35

SNUG-25-200Selebi North · cobaltGrade: 0.01Grade Unit: %Intercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-200
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.01
Grade Unit
%
Intercept
1.35 m
From
633.3 m
To
634.65 m

Classification

Sample Type
drill
Group ID
SNUG-25-200:633.3-634.65
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
2026-04-01T00:00:00.000Z

Reasoning: Trace cobalt.

Evidence · table

“0.01”

Context: 1.35

incl.Selebi North · copperGrade: 2.38Grade Unit: %Intercept: 9.75 mView all details
Link to this fact

Identity

Hole ID
incl.
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
2.38
Grade Unit
%
Intercept
9.75 m
From
724.65 m
To
734.4 m

Classification

Sample Type
drill
Group ID
incl.:724.65-734.4
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-01T00:00:00.000Z

Reasoning: Expanded from assay table. 2.38 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 23.2 %·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 2.38 % copper is strong on the default band.

Negative factors

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

Evidence · table

“2.38”

Context: incl.

incl.Selebi North · nickelGrade: 1.21Grade Unit: %Intercept: 9.75 mView all details
Link to this fact

Identity

Hole ID
incl.
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
1.21
Grade Unit
%
Intercept
9.75 m
From
724.65 m
To
734.4 m

Classification

Sample Type
drill
Group ID
incl.:724.65-734.4
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-01T00:00:00.000Z

Reasoning: Expanded from assay table. 1.21 % 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

“1.21”

Context: incl.

incl.Selebi North · cobaltGrade: 0.06Grade Unit: %Intercept: 9.75 mView all details
Link to this fact

Identity

Hole ID
incl.
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.06
Grade Unit
%
Intercept
9.75 m
From
724.65 m
To
734.4 m

Classification

Sample Type
drill
Group ID
incl.:724.65-734.4
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-01T00:00:00.000Z

Reasoning: Expanded from assay table. 0.06 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.06 % 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

“0.06”

Context: incl.

incl.Selebi North · copperGrade: 2.25Grade Unit: %Intercept: 6.45 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
incl.
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
2.25
Grade Unit
%
Intercept
6.45 m
From
737 m
To
743.45 m

Classification

Sample Type
drill
Group ID
incl.:737-743.45
Mining Method
underground

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-04-01T00:00:00.000Z

Reasoning: Expanded from assay table. 2.25 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 14.5 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 2.25 % copper is strong on the default band.

Negative factors

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

Evidence · table

“2.25”

Context: incl.

incl.Selebi North · nickelGrade: 1.66Grade Unit: %Intercept: 6.45 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
incl.
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
1.66
Grade Unit
%
Intercept
6.45 m
From
737 m
To
743.45 m

Classification

Sample Type
drill
Group ID
incl.:737-743.45
Mining Method
underground

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-04-01T00:00:00.000Z

Reasoning: Expanded from assay table. 1.66 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 1.66 % nickel is strong on the default band.

Negative factors

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

Evidence · table

“1.66”

Context: incl.

incl.Selebi North · cobaltGrade: 0.08Grade Unit: %Intercept: 6.45 mView all details
Link to this fact

Identity

Hole ID
incl.
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
Botswana
Ticker
NEXM

Geometry

Grade
0.08
Grade Unit
%
Intercept
6.45 m
From
737 m
To
743.45 m

Classification

Sample Type
drill
Group ID
incl.:737-743.45
Mining Method
underground

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-01T00:00:00.000Z

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: 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.