NexMetals shares surge 11.99% intraday after reporting 11.05m of 7.31% CuEq in SMD-25-205, signaling resource expansion potential.

NexMetals surged 12.0% intraday after reporting high-grade copper-nickel drill results, including 11.05 meters of 7.31% CuEq in SMD-25-205, 130 meters down-dip from the Selebi Main resource. The findings, part of a broader surface drilling program, confirmed a newly identified Flexure Zone with significant mineralization beyond current resource boundaries, including 685-meter step-out holes and multiple massive sulphide intersections. CEO Sean Whiteford highlighted the Flexure Zone’s potential to expand resources, citing strong BHEM conductors and open mineralization beyond existing estimates. The results, from 15,540 meters drilled across seven holes, underscore the company’s ability to add substantial high-grade tonnes, aligning with its 2026 expansion strategy. The announcement reinforced investor confidence in NexMetals’ exploration potential and resource growth, directly driving the intraday rally.