NexMetals Drills 32.45 Metres of 4.61% CuEq Including 5.88% CuEq Over 9.65 Metres Showing Continuity of High-Grade Mineralization at Selebi North

Original announcement by tmx on

Company
NexMetals Mining Corp.
Ticker
NEXM
Exchange
TSX
Region
Botswana
Primary commodity
Copper
Secondary commodities
Nickel, Cobalt
Document categories
Drill results, Resource update
Extracted
2026-09-12 15:07:42 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

NexMetals reported high-grade drill results from the Selebi North Underground deposit, highlighted by a 32.45m intercept of 4.61% CuEq in hole SNUG-25-194. The drilling successfully tested strike continuity and will be used to update the upcoming Mineral Resource Estimate.

Reasoning: Strong high-grade copper-nickel intercepts in step-out holes confirm continuity and expansion potential, though structural geometry (true width) remains unconfirmed.

Positive factors

  • High-grade CuEq intercepts
  • Step-out drilling successful
  • Continuity of mineralization demonstrated
  • QA/QC disclosed

Negative factors

  • True width unknown due to wide spacing
  • Cobalt not included in MRE

Facts used in scoring: 23

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: SNUG-25-191 and 192 were step-out holes to test South Limb mineralization along strike.

Evidence · text

“SNUG-25-191 and SNUG-25-192 were step-out holes”

QA/QC Disclosedpositive

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

Why it applies: Release discloses use of ALS Chemex, blanks, and certified standards.

Evidence · text

“Sample preparation and lab analysis was completed at ALS Chemex”

Apparent Width Onlynegative

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

Why it applies: True widths are unknown due to widely spaced drillholes in a folded horizon.

Evidence · text

“True widths are unknown because of widely spaced drillholes”

Extracted facts

Stored fact records: 23. Some facts used in scoring do not have a stored record.

Drill Results (23)

SNUG-25-191Selebi North · copperGrade: 0.64Grade Unit: %Intercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-191
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.64
Grade Unit
%
Intercept
1.4 m
From
666.6 m
To
668 m
Hole Depth
752.7 m
Intercept Depth
666.6 m

Classification

Sample Type
drill
Group ID
SNUG-25-191:666.6-668
Mining Method
underground

Location

Location
South Limb
Easting
35367.1
Northing
84410.6
Elevation
81.18 m
Azimuth
158.8 °
Dip
-62.2 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
4.08
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Low grade intercept in a step-out hole.

Evidence · table

“0.64”

Context: 1.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-191Selebi North · nickelGrade: 1.67Grade Unit: %Intercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-191
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.67
Grade Unit
%
Intercept
1.4 m
From
666.6 m
To
668 m
Hole Depth
752.7 m
Intercept Depth
666.6 m

Classification

Sample Type
drill
Group ID
SNUG-25-191:666.6-668
Mining Method
underground

Location

Location
South Limb
Easting
35367.1
Northing
84410.6
Elevation
81.18 m
Azimuth
158.8 °
Dip
-62.2 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
4.08
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Moderate nickel grade.

Evidence · table

“1.67”

Context: 1.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-191Selebi North · cobaltGrade: 0.07Grade Unit: %Intercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-191
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.07
Grade Unit
%
Intercept
1.4 m
From
666.6 m
To
668 m
Hole Depth
752.7 m
Intercept Depth
666.6 m

Classification

Sample Type
drill
Group ID
SNUG-25-191:666.6-668
Mining Method
underground

Location

Location
South Limb
Easting
35367.1
Northing
84410.6
Elevation
81.18 m
Azimuth
158.8 °
Dip
-62.2 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
4.08
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Trace cobalt.

Evidence · table

“0.07”

Context: 1.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-194Selebi North · copperGrade: 1.61Grade Unit: %Intercept: 32.45 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.61
Grade Unit
%
Intercept
32.45 m
From
789.1 m
To
821.55 m
Hole Depth
950.8 m
Intercept Depth
789.1 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:789.1-821.55
Mining Method
underground

Location

Location
South Limb
Easting
35366.9
Northing
84410.6
Elevation
81.22 m
Azimuth
160 °
Dip
-55.4 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
4.61
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Significant high-grade copper intercept in a step-out hole.

Positive factors

  • Strong grade and width
  • Step-out success

Negative factors

  • True width unknown

Evidence · text

“32.45 metres of 4.61% CuEq (1.61% Cu, 1.46% Ni)”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-194Selebi North · nickelGrade: 1.46Grade Unit: %Intercept: 32.45 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.46
Grade Unit
%
Intercept
32.45 m
From
789.1 m
To
821.55 m
Hole Depth
950.8 m
Intercept Depth
789.1 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:789.1-821.55
Mining Method
underground

Location

Location
South Limb
Easting
35366.9
Northing
84410.6
Elevation
81.22 m
Azimuth
160 °
Dip
-55.4 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
4.61
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Strong nickel grade in a wide intercept.

Evidence · text

“32.45 metres of 4.61% CuEq (1.61% Cu, 1.46% Ni)”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-194Selebi North · copperGrade: 2.35Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.35
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m
Hole Depth
950.8 m
Intercept Depth
802.5 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:802.5-812.15
Mining Method
underground

Location

Location
South Limb
Easting
35366.9
Northing
84410.6
Elevation
81.22 m
Azimuth
160 °
Dip
-55.4 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
5.88
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Very high grade copper intercept.

Positive factors

  • Bonanza grade intercept

Evidence · table

“2.35”

Context: 9.65

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-194Selebi North · nickelGrade: 1.72Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.72
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m
Hole Depth
950.8 m
Intercept Depth
802.5 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:802.5-812.15
Mining Method
underground

Location

Location
South Limb
Easting
35366.9
Northing
84410.6
Elevation
81.22 m
Azimuth
160 °
Dip
-55.4 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
5.88
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Strong nickel grade.

Evidence · table

“1.72”

Context: 9.65

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-192Selebi North · copperGrade: 1.2Grade Unit: %Intercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-192
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.2
Grade Unit
%
Intercept
0.6 m
From
796.85 m
To
797.45 m
Intercept Depth
796.85 m

Classification

Sample Type
drill
Group ID
SNUG-25-192:796.85-797.45
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
3.51
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.2 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 0.7 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 1.2 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.20”

Context: SNUG-25-192

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-192Selebi North · nickelGrade: 1.13Grade Unit: %Intercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-192
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.13
Grade Unit
%
Intercept
0.6 m
From
796.85 m
To
797.45 m
Intercept Depth
796.85 m

Classification

Sample Type
drill
Group ID
SNUG-25-192:796.85-797.45
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
3.51
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.13 % nickel is moderate against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.13”

Context: SNUG-25-192

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-192Selebi North · cobaltGrade: 0.04Grade Unit: %Intercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-192
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.04
Grade Unit
%
Intercept
0.6 m
From
796.85 m
To
797.45 m
Intercept Depth
796.85 m

Classification

Sample Type
drill
Group ID
SNUG-25-192:796.85-797.45
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
3.51
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.04 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.04 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.04”

Context: SNUG-25-192

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

SNUG-25-194Selebi North · cobaltGrade: 0.08Grade Unit: %Intercept: 32.45 mView all details
Link to this fact

Identity

Hole ID
SNUG-25-194
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.08
Grade Unit
%
Intercept
32.45 m
From
789.1 m
To
821.55 m
Intercept Depth
789.1 m

Classification

Sample Type
drill
Group ID
SNUG-25-194:789.1-821.55
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
4.61
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

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

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.08”

Context: SNUG-25-194

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

inclSelebi North · copperGrade: 1.11Grade Unit: %Intercept: 7.9 mView all details
Link to this fact

Identity

Hole ID
incl
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.11
Grade Unit
%
Intercept
7.9 m
From
789.1 m
To
797 m
Intercept Depth
789.1 m

Classification

Sample Type
drill
Group ID
incl:789.1-797
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.85
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.11 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 8.8 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 1.11 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.11”

Context: incl

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

inclSelebi North · nickelGrade: 2.3Grade Unit: %Intercept: 7.9 mView all details
Link to this fact

Identity

Hole ID
incl
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.3
Grade Unit
%
Intercept
7.9 m
From
789.1 m
To
797 m
Intercept Depth
789.1 m

Classification

Sample Type
drill
Group ID
incl:789.1-797
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.85
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 2.3 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 2.3 % nickel is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.30”

Context: incl

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

inclSelebi North · cobaltGrade: 0.12Grade Unit: %Intercept: 7.9 mView all details
Link to this fact

Identity

Hole ID
incl
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.12
Grade Unit
%
Intercept
7.9 m
From
789.1 m
To
797 m
Intercept Depth
789.1 m

Classification

Sample Type
drill
Group ID
incl:789.1-797
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.85
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.12 % cobalt is weak against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.12”

Context: incl

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · copperGrade: 2.35Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.35
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m
Intercept Depth
802.5 m

Classification

Sample Type
drill
Group ID
and:802.5-812.15
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.88
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 2.35 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 22.7 %·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 2.35 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.35”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · nickelGrade: 1.72Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.72
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m
Intercept Depth
802.5 m

Classification

Sample Type
drill
Group ID
and:802.5-812.15
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.88
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.72 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 1.72 % nickel is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.72”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · cobaltGrade: 0.09Grade Unit: %Intercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.09
Grade Unit
%
Intercept
9.65 m
From
802.5 m
To
812.15 m
Intercept Depth
802.5 m

Classification

Sample Type
drill
Group ID
and:802.5-812.15
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.88
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.09 % cobalt is weak against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.09”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · copperGrade: 2.14Grade Unit: %Intercept: 2.95 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.14
Grade Unit
%
Intercept
2.95 m
From
813.8 m
To
816.75 m
Intercept Depth
813.8 m

Classification

Sample Type
drill
Group ID
and:813.8-816.75
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 2.14 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 6.3 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 2.14 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.14”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · nickelGrade: 1.39Grade Unit: %Intercept: 2.95 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.39
Grade Unit
%
Intercept
2.95 m
From
813.8 m
To
816.75 m
Intercept Depth
813.8 m

Classification

Sample Type
drill
Group ID
and:813.8-816.75
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.39 % nickel is moderate against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.39”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · cobaltGrade: 0.07Grade Unit: %Intercept: 2.95 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.07
Grade Unit
%
Intercept
2.95 m
From
813.8 m
To
816.75 m
Intercept Depth
813.8 m

Classification

Sample Type
drill
Group ID
and:813.8-816.75
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 0.07 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.07 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.07”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · copperGrade: 2.02Grade Unit: %Intercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.02
Grade Unit
%
Intercept
2.75 m
From
818.8 m
To
821.55 m
Intercept Depth
818.8 m

Classification

Sample Type
drill
Group ID
and:818.8-821.55
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
6.09
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 2.02 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 5.6 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 2.02 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.02”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · nickelGrade: 1.98Grade Unit: %Intercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.98
Grade Unit
%
Intercept
2.75 m
From
818.8 m
To
821.55 m
Intercept Depth
818.8 m

Classification

Sample Type
drill
Group ID
and:818.8-821.55
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
6.09
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

Reasoning: Expanded from assay table. 1.98 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 1.98 % nickel is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.98”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

andSelebi North · cobaltGrade: 0.1Grade Unit: %Intercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
and
Project
Selebi North
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.1
Grade Unit
%
Intercept
2.75 m
From
818.8 m
To
821.55 m
Intercept Depth
818.8 m

Classification

Sample Type
drill
Group ID
and:818.8-821.55
Mining Method
underground

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
6.09
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-27T00:00:00.000Z

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

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.10”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1) South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1"

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.