# NexMetals Drills 11.05 Metres of Sulphide Mineralization and Demonstrates Clear Growth Potential Driven by the Hinge Program

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64

Original source: https://money.tmx.com/en/quote/NEXM/news/6899202625469991/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear-

Publisher: tmx

Original announcement: 2026-01-20T12:00:00.000Z

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: Nickel

- Secondary commodities: Copper, Cobalt

- Document categories: Drill results, Resource update

- Extracted: 2026-09-12 15:08:48 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

NexMetals Mining Corp. reports strong initial drill results from its surface drilling program in Botswana, targeting the gap between the Selebi Main and Selebi North deposits. The program has intersected new sulphide mineralization, including thick intervals, extending beyond the current Mineral Resource Estimate and demonstrating potential for additional mineralized horizons at depth. High-amplitude borehole electromagnetic \(BHEM\) anomalies, particularly the "Super Conductor," indicate a much larger mineralized system than previously recognized, supporting future resource expansion.

Reasoning: The drilling program has successfully identified new, thick sulphide mineralization extending beyond the current resource estimate, with high-amplitude BHEM anomalies indicating significant growth potential for the Selebi Main and North deposits. While some assays are pending, the initial results are highly positive for resource expansion.

- Positive factor: New mineralization intersected outside current MRE

- Positive factor: Thick intercepts reported, including 11.05m of mineralization

- Positive factor: High-amplitude BHEM anomaly \("Super Conductor"\) identified, indicating significant potential

- Positive factor: Mineralization confirmed to be continuous and extending beyond known boundaries

- Positive factor: QP/CP signed off on technical information

- Positive factor: Certified laboratory used for assays

- Positive factor: QA/QC methods \(blanks, standards\) disclosed

- Negative factor: Assays pending for several significant intercepts

- Negative factor: True width unknown for some intercepts

- Negative factor: Cut-off grade for interval reporting not disclosed

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 24

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The drilling program is explicitly targeting the gap between deposits and has intersected new mineralization outside the current Mineral Resource Estimate, with holes like SMD-25-203 being a 385-metre down-plunge step-out.

Evidence · text

> Drilling has intersected new mineralization outside the current Mineral Resource Estimate \(" MRE "\) and demonstrates potential for additional mineralized horizons at depth.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The news release explicitly states that all scientific and technical information has been reviewed and approved by a Qualified Person and details the QA/QC procedures including the use of blank samples and certified standards.

Evidence · text

> All scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, V.P. Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: Some intercepts in Table 1, such as SMD-25-201 \(1778.30-1781.00m\), explicitly state an 'Est. True Thickness'.

Evidence · table

> 2.45

Context: 2.70

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: Several intercepts in Table 1, such as SMD-25-201 \(1804.40-1808.20m\), report 'unknown' for 'Est. True Thickness'.

Evidence · table

> unknown

Context: 3.80

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The drill hole sd144x is explicitly identified as an extension of a '2010 BCL drillhole'.

Evidence · table

> 2010 BCL drillhole extended from 1,204.1m to 1,864.8m

Context: 660.7

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept SMD-25-202 \(1773.20-1773.70m\) reports 6.33% Cu and 7.65% CuEq over 0.5m, which is an exceptional grade for underground copper-nickel mineralization.

Evidence · table

> 7.65

Context: 0.50

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: The document does not state any cut-off grade used for reporting the drill intervals.

Evidence · text

> Table 1: 2025 Surface Drilling Results

## Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

## Drill Results (24)

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-0)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.87
- Grade Unit: %
- Intercept: 2.7 m
- True Width: 2.45 m
- From: 1778.3 m
- To: 1781 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1778.3-1781
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 4.24
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows a moderate copper grade over a narrow width, with true width disclosed, contributing to the overall positive results of the drill program.

- Positive factor: Moderate copper grade for underground mining

- Positive factor: True width disclosed

Evidence · table

> 0.87

Context: 2.70

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.45

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-1)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 1.63
- Grade Unit: %
- Intercept: 2.7 m
- True Width: 2.45 m
- From: 1778.3 m
- To: 1781 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1778.3-1781
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 4.24
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows a strong nickel grade and CuEq over a narrow width, with true width disclosed, contributing positively to the drill program results.

- Positive factor: Strong nickel grade for underground mining

- Positive factor: True width disclosed

- Positive factor: Strong CuEq grade

Evidence · table

> 1.63

Context: 2.70

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.45

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-2)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.07
- Grade Unit: %
- Intercept: 2.7 m
- True Width: 2.45 m
- From: 1778.3 m
- To: 1781 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1778.3-1781
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 4.24
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept includes a moderate cobalt grade, adding to the polymetallic nature of the mineralization.

- Positive factor: Moderate cobalt grade

- Positive factor: True width disclosed

Evidence · table

> 0.07

Context: 2.70

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.45

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-3)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 1.47
- Grade Unit: %
- Intercept: 3.8 m
- From: 1804.4 m
- To: 1808.2 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1804.4-1808.2
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 5.38
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows a strong copper grade over a moderate width, contributing significantly to the positive drill results, though the lack of true width information introduces some uncertainty.

- Positive factor: Strong copper grade for underground mining

- Negative factor: True width not disclosed

Evidence · table

> 1.47

Context: 3.80

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-4)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 1.9
- Grade Unit: %
- Intercept: 3.8 m
- From: 1804.4 m
- To: 1808.2 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1804.4-1808.2
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 5.38
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows a strong nickel grade and exceptional CuEq over a moderate width, significantly enhancing the positive drill results, though true width is not provided.

- Positive factor: Strong nickel grade for underground mining

- Positive factor: Exceptional CuEq grade

- Negative factor: True width not disclosed

Evidence · table

> 1.90

Context: 3.80

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-5)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.08
- Grade Unit: %
- Intercept: 3.8 m
- From: 1804.4 m
- To: 1808.2 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1804.4-1808.2
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 5.38
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept includes a moderate cobalt grade, adding to the polymetallic nature of the mineralization, though true width is not provided.

- Positive factor: Moderate cobalt grade

- Negative factor: True width not disclosed

Evidence · table

> 0.08

Context: 3.80

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-6)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 1.72
- Grade Unit: %
- Intercept: 3 m
- True Width: 2.73 m
- From: 1804.4 m
- To: 1807.4 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1804.4-1807.4
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This sub-interval shows a strong copper grade over a moderate width, with true width disclosed, further highlighting the high-grade nature of the mineralization.

- Positive factor: Strong copper grade for underground mining

- Positive factor: True width disclosed

Evidence · table

> 1.72

Context: 3.00

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.73

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-7)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 2.35
- Grade Unit: %
- Intercept: 3 m
- True Width: 2.73 m
- From: 1804.4 m
- To: 1807.4 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1804.4-1807.4
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 6.56
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This sub-interval shows an exceptional nickel grade and CuEq over a moderate width, with true width disclosed, representing a bonanza intercept and a significant highlight of the drill program.

- Positive factor: Exceptional nickel grade for underground mining

- Positive factor: True width disclosed

- Positive factor: Exceptional CuEq grade

Evidence · table

> 2.35

Context: 3.00

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.73

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-8)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 3 m
- True Width: 2.73 m
- From: 1804.4 m
- To: 1807.4 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1804.4-1807.4
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This sub-interval includes a moderate cobalt grade, adding to the polymetallic nature of the mineralization, with true width disclosed.

- Positive factor: Moderate cobalt grade

- Positive factor: True width disclosed

Evidence · table

> 0.10

Context: 3.00

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.73

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-9)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.53
- Grade Unit: %
- Intercept: 2.6 m
- True Width: 2.37 m
- From: 1829.15 m
- To: 1831.75 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1829.15-1831.75
- Mining Method: underground

#### Location

- Location: Lower Zone 3
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 1.95
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows a moderate copper grade over a narrow width, with true width disclosed, contributing to the overall drill program results.

- Positive factor: Moderate copper grade for underground mining

- Positive factor: True width disclosed

Evidence · table

> 0.53

Context: 2.60

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.37

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-10)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.69
- Grade Unit: %
- Intercept: 2.6 m
- True Width: 2.37 m
- From: 1829.15 m
- To: 1831.75 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1829.15-1831.75
- Mining Method: underground

#### Location

- Location: Lower Zone 3
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 1.95
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows a weak nickel grade and CuEq over a narrow width, with true width disclosed, but is less significant than other intercepts.

- Positive factor: True width disclosed

- Negative factor: Weak nickel grade for underground mining

- Negative factor: Weak CuEq grade

Evidence · table

> 0.69

Context: 2.60

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.37

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-201

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-11)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-201
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.03
- Grade Unit: %
- Intercept: 2.6 m
- True Width: 2.37 m
- From: 1829.15 m
- To: 1831.75 m
- Hole Depth: 1894.2 m
- Intercept Depth: 1778.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-201:1829.15-1831.75
- Mining Method: underground

#### Location

- Location: Lower Zone 3
- Easting: 582681.1
- Northing: 7563647.2
- Elevation: 904.1 m
- Azimuth: 102.8 °
- Dip: -81.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 1.95
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept includes a weak cobalt grade, with true width disclosed, but is less significant than other intercepts.

- Positive factor: True width disclosed

- Negative factor: Weak cobalt grade

Evidence · table

> 0.03

Context: 2.60

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.37

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-202

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-12)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-202
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.81
- Grade Unit: %
- Intercept: 0.7 m
- From: 1753.95 m
- To: 1754.65 m
- Hole Depth: 2036.5 m
- Intercept Depth: 1753.95 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-202:1753.95-1754.65
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 583206.8
- Northing: 7565125.1
- Elevation: 892.4 m
- Azimuth: 110.9 °
- Dip: -78.4 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 5.73
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows a moderate copper grade over a very narrow width, contributing to the overall drill program results, though true width is not provided.

- Positive factor: Moderate copper grade for underground mining

- Negative factor: True width not disclosed

Evidence · table

> 0.81

Context: 0.70

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-202

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-13)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-202
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 2.39
- Grade Unit: %
- Intercept: 0.7 m
- From: 1753.95 m
- To: 1754.65 m
- Hole Depth: 2036.5 m
- Intercept Depth: 1753.95 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-202:1753.95-1754.65
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 583206.8
- Northing: 7565125.1
- Elevation: 892.4 m
- Azimuth: 110.9 °
- Dip: -78.4 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 5.73
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows an exceptional nickel grade and CuEq over a very narrow width, representing a bonanza intercept, though true width is not provided.

- Positive factor: Exceptional nickel grade for underground mining

- Positive factor: Exceptional CuEq grade

- Negative factor: True width not disclosed

Evidence · table

> 2.39

Context: 0.70

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-202

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-14)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-202
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 0.7 m
- From: 1753.95 m
- To: 1754.65 m
- Hole Depth: 2036.5 m
- Intercept Depth: 1753.95 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-202:1753.95-1754.65
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 583206.8
- Northing: 7565125.1
- Elevation: 892.4 m
- Azimuth: 110.9 °
- Dip: -78.4 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 5.73
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept includes a moderate cobalt grade over a very narrow width, adding to the polymetallic nature of the mineralization, though true width is not provided.

- Positive factor: Moderate cobalt grade

- Negative factor: True width not disclosed

Evidence · table

> 0.12

Context: 0.70

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-202

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-15)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-202
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 6.33
- Grade Unit: %
- Intercept: 0.5 m
- From: 1773.2 m
- To: 1773.7 m
- Hole Depth: 2036.5 m
- Intercept Depth: 1753.95 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-202:1773.2-1773.7
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 583206.8
- Northing: 7565125.1
- Elevation: 892.4 m
- Azimuth: 110.9 °
- Dip: -78.4 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 7.65
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows an exceptional copper grade over a very narrow width, representing a bonanza intercept, though true width is not provided.

- Positive factor: Exceptional copper grade for underground mining

- Negative factor: True width not disclosed

Evidence · table

> 6.33

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-202

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-16)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-202
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.64
- Grade Unit: %
- Intercept: 0.5 m
- From: 1773.2 m
- To: 1773.7 m
- Hole Depth: 2036.5 m
- Intercept Depth: 1753.95 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-202:1773.2-1773.7
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 583206.8
- Northing: 7565125.1
- Elevation: 892.4 m
- Azimuth: 110.9 °
- Dip: -78.4 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 7.65
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept shows a weak nickel grade but an exceptional CuEq over a very narrow width, representing a bonanza intercept, though true width is not provided.

- Positive factor: Exceptional CuEq grade

- Negative factor: Weak nickel grade for underground mining

- Negative factor: True width not disclosed

Evidence · table

> 0.64

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### SMD-25-202

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-17)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-202
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.04
- Grade Unit: %
- Intercept: 0.5 m
- From: 1773.2 m
- To: 1773.7 m
- Hole Depth: 2036.5 m
- Intercept Depth: 1753.95 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-202:1773.2-1773.7
- Mining Method: underground

#### Location

- Location: Lower Zone
- Easting: 583206.8
- Northing: 7565125.1
- Elevation: 892.4 m
- Azimuth: 110.9 °
- Dip: -78.4 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 7.65
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This intercept includes a weak cobalt grade over a very narrow width, adding to the polymetallic nature of the mineralization, though true width is not provided.

- Negative factor: Weak cobalt grade

- Negative factor: True width not disclosed

Evidence · table

> 0.04

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### sd144x

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-18)

Selebi Main · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: sd144x
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.01
- Grade Unit: %
- Intercept: 1.5 m
- True Width: 1.34 m
- From: 1744.2 m
- To: 1745.7 m
- Hole Depth: 1864.8 m
- Intercept Depth: 1744.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: sd144x:1744.2-1745.7
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 582631.9
- Northing: 7563230
- Elevation: 905.4 m
- Azimuth: 265.4 °
- Dip: -89.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 0.21
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This historical intercept shows a very weak copper grade over a narrow width, with true width disclosed, and is not a new discovery.

- Positive factor: True width disclosed

- Negative factor: Weak copper grade for underground mining

- Negative factor: Historical data re-released

Evidence · table

> 0.01

Context: 1.50

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.34

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### sd144x

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-19)

Selebi Main · nickel

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: sd144x
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 1.5 m
- True Width: 1.34 m
- From: 1744.2 m
- To: 1745.7 m
- Hole Depth: 1864.8 m
- Intercept Depth: 1744.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: sd144x:1744.2-1745.7
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 582631.9
- Northing: 7563230
- Elevation: 905.4 m
- Azimuth: 265.4 °
- Dip: -89.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 0.21
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This historical intercept shows a very weak nickel grade and CuEq over a narrow width, with true width disclosed, and is not a new discovery.

- Positive factor: True width disclosed

- Negative factor: Weak nickel grade for underground mining

- Negative factor: Weak CuEq grade

- Negative factor: Historical data re-released

Evidence · table

> 0.10

Context: 1.50

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.34

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### sd144x

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-20)

Selebi Main · cobalt

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: sd144x
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.01
- Grade Unit: %
- Intercept: 1.5 m
- True Width: 1.34 m
- From: 1744.2 m
- To: 1745.7 m
- Hole Depth: 1864.8 m
- Intercept Depth: 1744.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: sd144x:1744.2-1745.7
- Mining Method: underground

#### Location

- Location: Main Zone
- Easting: 582631.9
- Northing: 7563230
- Elevation: 905.4 m
- Azimuth: 265.4 °
- Dip: -89.2 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 0.21
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: This historical intercept shows a very weak cobalt grade over a narrow width, with true width disclosed, and is not a new discovery.

- Positive factor: True width disclosed

- Negative factor: Weak cobalt grade

- Negative factor: Historical data re-released

Evidence · table

> 0.01

Context: 1.50

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.34

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-21)

Selebi Main · copper

#### Identity

- Hole ID: incl.
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 1.72
- Grade Unit: %
- Intercept: 3 m
- True Width: 2.73 m
- From: 1804.4 m
- To: 1807.4 m
- Intercept Depth: 1804.4 m

#### Classification

- Sample Type: drill
- Group ID: incl.:1804.4-1807.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 6.56
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: Expanded from assay table. 1.72 % copper is strong against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 5.2 %·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 1.72 % copper is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.72

Context: incl.

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.73

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-22)

Selebi Main · nickel

#### Identity

- Hole ID: incl.
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 2.35
- Grade Unit: %
- Intercept: 3 m
- True Width: 2.73 m
- From: 1804.4 m
- To: 1807.4 m
- Intercept Depth: 1804.4 m

#### Classification

- Sample Type: drill
- Group ID: incl.:1804.4-1807.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 6.56
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: Expanded from assay table. 2.35 % nickel is strong against the default band \[3, 1.5, 0.8, 0.3\] %.

- Positive factor: 2.35 % nickel is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.35

Context: incl.

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.73

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear--9239c837-c8cf-45d1-9fcc-8e63c3ab1b64#fact-drill-facts-23)

Selebi Main · cobalt

#### Identity

- Hole ID: incl.
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 3 m
- True Width: 2.73 m
- From: 1804.4 m
- To: 1807.4 m
- Intercept Depth: 1804.4 m

#### Classification

- Sample Type: drill
- Group ID: incl.:1804.4-1807.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Geochemistry
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Metal Equivalent

- Metal Eq. Grade: 6.56
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-20T00:00:00.000Z

Reasoning: Expanded from assay table. 0.1 % cobalt is weak against the default band \[0.5, 0.3, 0.15, 0.08\] %.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.10

Context: incl.

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.73

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## 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.