NexMetals Drills High-Grade CuEq at Selebi North Underground Deposit.

NexMetals has reported assay results from drill hole SNUG-25-186, which intersected high-grade mineralization at the Selebi North Underground deposit. The hole confirms a significant down-plunge extension of the South Limb mineralization, increasing the plunge extent by 35%. The results include 16.25 metres of 3.06% CuEq, including 5.28% CuEq over 6.45 metres.

NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) has announced the assay results from drill hole SNUG-25-186 at the Selebi North Underground (SNUG) deposit, confirming a significant down-plunge extension of the South Limb mineralization. The drilling results, released on August 13, 2025, indicate a 16.25-meter interval of 3.06% CuEq, including a 5.28% CuEq over a 6.45-meter segment. This discovery extends the South Limb mineralization by 35% down-plunge, increasing the plunge extent beyond the 2024 Mineral Resource Estimate (MRE) [1].

The drill hole, SNUG-25-186, was designed to follow up on borehole electromagnetic (BHEM) anomalies detected in SNUG-25-184. It intercepted 13.50 meters of 3.68% CuEq in SNUG-25-184, 183 meters down-plunge from the 2024 MRE. The new results indicate that the South Limb mineralization extends 315 meters down-plunge from the 2024 MRE, which has a 990-meter down-plunge extent [1].

The high-grade continuity and significant down-plunge extension of the South Limb mineralization support the potential for resource expansion and enhanced economic profile of the Selebi North project. The increased mineralization could lead to improved mine life and profitability, as higher grades and expanded resources could translate into more efficient mining operations and increased revenue [1].

Morgan Lekstrom, CEO of NexMetals, commented on the findings, stating, "The continued extension of high-grade copper and nickel mineralization at Selebi North is a significant step in the right direction, highlighting how much potential was previously undefined. We continue to show high-grade intercepts that speak to the strength and scale of this system. The results today reinforce our growing confidence and support our strategy of driving additional value through targeted drilling, unlocking the full potential of this asset. Selebi North is only one of three large deposits we are actively drilling, each demonstrating exceptional copper, nickel, cobalt +/- PGE mineralization. We believe all of our assets have strong resource expansion potential and could be well-positioned to become a big part of the global critical metals supply chain" [1].

The assay results for SNUG-25-186 are pending for additional drill holes, including SNUG-25-189, which intersected mineralization in both South Limb and N2 Limb. The drilling program is ongoing to test the strike extent of the new mineralization and determine the true width of mineralization on each limb [1].

The 2024 MRE on the Selebi Mine is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana" dated September 20, 2024 [1].

References:
[1] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/886-tsx-venture/nexm/185431-nexmetals-drills-16-25-metres-of-3-06-cueq-including-5-28-cueq-over-6-45-metres-increasing-the-selebi-north-south-limb-plunge-extent-by-35.html