# NexMetals Reports Metallurgical Results Confirming Separate High Grade Saleable Cu-Ni-PGE Concentrates and Demonstrating Improved Recoveries at Selkirk

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--50425a7f-ba6b-4709-ad84-f5fb47df3a9c

Original source: https://money.tmx.com/en/quote/NEXM/news/6936097916030643/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable-

Publisher: tmx

Original announcement: 2026-04-27T11:00:00.000Z

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, Platinum, Palladium, Gold, Silver, Cobalt

- Document categories: Metallurgy

- Extracted: 2026-08-20 23:44:15 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Improved copper recovery \(81.3% vs 70.0%\)

- Positive factor: Significant reduction in copper losses to tailings

- Positive factor: Substantial increase in nickel concentrate grade

- Positive factor: Demonstrated ability to produce separate Cu and Ni concentrates

- Positive factor: Unlocking value from previously unassayed PGEs, Ag, and Co

- Negative factor: Nickel recovery remains moderate at 54.4%

Facts used in scoring: 4

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: 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 Disclosed**

Polarity: positive

Story-specific tag

Definition: 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-cycle

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--50425a7f-ba6b-4709-ad84-f5fb47df3a9c#fact-metallurgical-facts-0)

copper

#### 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 factor: High concentrate grade \(30.2%\)

- Positive factor: Strong recovery improvement vs 2024 MRE

Evidence · table

> 81.3

Context: 0.70

### locked-cycle

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--50425a7f-ba6b-4709-ad84-f5fb47df3a9c#fact-metallurgical-facts-1)

nickel

#### 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 factor: Significant grade improvement \(10.9% vs 6.8%\)

- Negative factor: Moderate recovery \(54.4%\)

Evidence · table

> 54.4

Context: 1.21

### locked-cycle

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--50425a7f-ba6b-4709-ad84-f5fb47df3a9c#fact-metallurgical-facts-2)

platinum

#### 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-cycle

[Link to this fact](https://atlas-staging.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--50425a7f-ba6b-4709-ad84-f5fb47df3a9c#fact-metallurgical-facts-3)

palladium

#### 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 factor: 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.