NexMetals Reports Metallurgical Results Confirming Separate High Grade Saleable Cu-Ni-PGE Concentrates and Demonstrating Improved Recoveries at Selkirk
Original announcement by tmx on
- Company
- NexMetals Mining Corp.
- Ticker
- NEXM
- Exchange
- TSX
- Region
- Botswana
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Platinum, Palladium, Gold, Silver, Cobalt
- Document categories
- Metallurgy
- Extracted
- 2026-08-20 23:44:15 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NexMetals has reported successful Locked Cycle Test (LCT) results at the Selkirk Project, confirming the ability to produce separate high-grade copper and nickel concentrates. The results show improved copper recovery (81.3%) and a significant jump in nickel concentrate grade (10.9% Ni) compared to the 2024 MRE inputs.
Reasoning: The LCT results demonstrate a significant technical improvement over the 2024 MRE parameters, specifically in copper recovery and nickel concentrate grade, while validating a new sequential flotation flowsheet.
Positive factors
- Improved copper recovery (81.3% vs 70.0%)
- Significant reduction in copper losses to tailings
- Substantial increase in nickel concentrate grade
- Demonstrated ability to produce separate Cu and Ni concentrates
- Unlocking value from previously unassayed PGEs, Ag, and Co
Negative factors
- Nickel recovery remains moderate at 54.4%
Facts used in scoring: 4
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: Results describe a sequential flotation flowsheet involving regrinding.
Evidence · text
“conventional sequential flotation flowsheet”
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions certified labs (ALS Chemex, Blue Coast Research) and specific QA/QC protocols like blanks and standards.
Evidence · text
“Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Metallurgical Results (4)
locked-cyclecopperRecovery: 81.3 %Head Grade: 0.26Head Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- NEXM
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle
- Processing Route
- sequential flotation
- Sample
- Cu Cleaner 3 Conc (LCT)
- Grind P80
- 14 µm
Recovery
- Recovery
- 81.3 %
- Head Grade
- 0.26
- Head Grade Unit
- %
- Conc. Grade
- 30.2
- Conc. Grade Unit
- %
Lab
- Laboratory
- Blue Coast Research
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: 81.3% recovery at 30.2% Cu is a strong result for this flowsheet and represents a 16pp improvement over historical MRE inputs.
Positive factors
- High concentrate grade (30.2%)
- Strong recovery improvement vs 2024 MRE
Evidence · table
“81.3”
Context: 0.70
locked-cyclenickelRecovery: 54.4 %Head Grade: 0.24Head Grade Unit: %View all detailsHide details
Identity
- Commodity
- nickel
- Ticker
- NEXM
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle
- Processing Route
- sequential flotation
- Sample
- Ni Cleaner 3 Conc (LCT)
- Grind P80
- 31 µm
Recovery
- Recovery
- 54.4 %
- Head Grade
- 0.24
- Head Grade Unit
- %
- Conc. Grade
- 10.9
- Conc. Grade Unit
- %
Lab
- Laboratory
- Blue Coast Research
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: While the grade is a major improvement over the 2024 MRE, the recovery is relatively moderate.
Positive factors
- Significant grade improvement (10.9% vs 6.8%)
Negative factors
- Moderate recovery (54.4%)
Evidence · table
“54.4”
Context: 1.21
locked-cycleplatinumRecovery: 15 %Head Grade: 0.09Head Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- platinum
- Ticker
- NEXM
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle
- Sample
- Cu Cleaner 3 Conc (LCT)
Recovery
- Recovery
- 15 %
- Head Grade
- 0.09
- Head Grade Unit
- g/t
- Conc. Grade
- 1.91
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- Blue Coast Research
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: Low recovery of Pt into the copper concentrate.
Evidence · table
“1.91”
Context: 0.70
locked-cyclepalladiumRecovery: 60.1 %Head Grade: 0.42Head Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- palladium
- Ticker
- NEXM
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle
- Sample
- Cu Cleaner 3 Conc (LCT)
Recovery
- Recovery
- 60.1 %
- Head Grade
- 0.42
- Head Grade Unit
- g/t
- Conc. Grade
- 36.2
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- Blue Coast Research
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: Strong palladium grade in the copper concentrate.
Positive factors
- High concentrate grade (36.2 g/t)
Evidence · table
“36.2”
Context: 0.70
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.