NexMetals drills 219m of 1.03% CuEq in Botswana's Selkirk Mine.

NexMetals announces assay results from 4 additional holes of its 12-hole metallurgical drilling program at the Selkirk Mine in Botswana. The results show significant mineralization, with 219 meters of 1.03% CuEq, including 157 meters of 1.21% CuEq. The company is conducting metallurgical testwork using drill core from 11 holes to support ongoing operations.

NexMetals Mining Corp. (TSXV: NEXM, NASDAQ: NEXM) has released assay results from four additional holes of its 2025 metallurgical drilling program at the Selkirk Cu-Ni-Co-PGE mine in Botswana. The results, announced on October 7, 2025, highlight significant mineralization with key intercepts including 219.0 meters of 1.03% CuEq (from 47.0 meters) and 157.0 meters of 1.21% CuEq. Additionally, a second hole showed 66.35 meters of 1.17% CuEq, with several wide intervals near the surface supporting open-pit potential and a low strip ratio.

The drilling program, completed by Discovery Drilling using a Boyles 56 machine, involved HQ (63.5 mm diameter) core samples that were sawn in half and quartered for analysis. The samples were analyzed by ALS Chemex in Johannesburg, South Africa, with metallurgical flotation studies conducted by Blue Coast Research. The drilling results are part of an ongoing effort to support the company's metallurgical testwork, which aims to advance the Selkirk Mine project.

The latest assays reinforce the scale and consistency of the Selkirk deposit, with mineralization remaining open in multiple directions. Morgan Lekstrom, CEO of NexMetals, commented, "These latest drill results reinforce the impressive scale and consistency of Selkirk. Mineralization remains open in multiple directions, with wide near-surface zones highlighting resource expansion and open-pit potential. With each new hole, we are unlocking more of Selkirk's true size, strength, and opportunity for expansion, positioning us well for the next steps in advancing the project."

The company's current MRE cut-off of US$25/t NSR equals 0.46% CuEq, with some reported intervals lying outside the existing MRE but within the conceptual pit shell, indicating expansion potential. Additional assays and metallurgical testwork from the 2025 program are expected to be released on an ongoing basis.