# NexMetals' Final Analytical Results Confirm Selkirk Copper and Nickel Clean Concentrates Meet Commercial Smelter Specifications Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba Original source: https://money.tmx.com/en/quote/NEXM/news/7783031914167776/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce Publisher: tmx Original announcement: 2026-06-04T11:00:00.000Z 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: Copper - Secondary commodities: Nickel, Cobalt, Silver, Gold, Palladium, Platinum - Document categories: Metallurgy - Extracted: 2026-09-12 14:46:17 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary NexMetals Mining Corp. announced final analytical results from metallurgical testwork on its Selkirk Mine in Botswana, confirming that both copper and nickel concentrates meet commercial smelter specifications. The Locked Cycle Test \(LCT\) results show very low levels of deleterious elements, which is expected to enhance marketability and off-take terms. These positive results support a potential low-capital restart pathway for the past-producing mine. Reasoning: The final metallurgical results confirm that both copper and nickel concentrates from the Selkirk project meet commercial smelter specifications with very low levels of deleterious elements, significantly de-risking the project and enhancing marketability. This supports a low-capital restart pathway and a conventional flotation flowsheet. - Positive factor: Final analytical results confirm concentrates meet commercial smelter specifications - Positive factor: Both copper and nickel concentrates show very low levels of deleterious elements, below penalty thresholds - Positive factor: Results support a potential low-capital restart pathway without on-site smelter or hydrometallurgical facility - Positive factor: Conventional flotation flowsheet contributes to lower environmental footprint - Positive factor: Locked Cycle Test \(LCT\) is an industry-standard bench-scale test, providing high confidence in results - Negative factor: Testwork was conducted on a single master composite, limiting variability assessment Facts used in scoring: 52 ## Classification and evidence **Bench Scale Only** Polarity: negative Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: The metallurgical testwork was conducted as a Locked Cycle Test \(LCT\), which is described as an 'industry-standard bench-scale test'. Evidence · text > A Locked Cycle Test \(LCT\) is an industry-standard bench-scale test designed to simulate the steady-state conditions of a continuous flotation circuit **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: The testwork was based on a 'master composite representative of grades anticipated in the early years of a conceptual mine plan', indicating a single composite was used rather than multiple domains. Evidence · text > Selected samples were blended to create a master composite representative of grades anticipated in the early years of a conceptual mine plan. This composite formed the basis for metallurgical testwork. **Flotation Route** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document explicitly states that 'Results demonstrate that a conventional sequential flotation flowsheet can effectively generate separate, high-quality copper and nickel concentrates'. Evidence · text > Results demonstrate that a conventional sequential flotation flowsheet can effectively generate separate, high-quality copper and nickel concentrates **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The news release states that 'All scientific and technical information in this news release has been reviewed and approved by Renee Goold, P. Eng. of Fuse Advisors and Sharon Taylor, VP Geophysics of the Company, MSc, P.Geo, and a "qualified person"'. Evidence · text > All scientific and technical information in this news release has been reviewed and approved by Renee Goold, P. Eng. of Fuse Advisors and Sharon Taylor, VP Geophysics of the Company, MSc, P.Geo, and a "qualified person" **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: The document highlights 'clean, high-grade, commercially saleable copper and nickel concentrates with low levels of deleterious elements' and a 'conventional flotation flowsheet', implying the ore is amenable to standard processing without significant complications. Evidence · text > clean, high-grade, commercially saleable copper and nickel concentrates with low levels of deleterious elements that meet commercial smelter specifications. **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) ## Extracted facts Stored fact records: 52. Some facts used in scoring do not have a stored record. ## Metallurgical Results (52) ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-0) Selkirk Mine · nickel #### Identity - Project: Selkirk Mine - Commodity: nickel - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.63 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Nickel grade in copper concentrate is low, but the overall concentrate quality meets commercial smelter specifications with low deleterious elements, which is positive for marketability. - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Positive factor: Low levels of deleterious elements reported - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.63 Context: Ni #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-1) Selkirk Mine · copper #### Identity - Project: Selkirk Mine - Commodity: copper - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 30.8 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: The copper concentrate achieved a high grade of 30.8% and meets commercial smelter specifications with low deleterious elements, which is a strong positive for project economics and marketability. - Positive factor: High copper concentrate grade of 30.8% - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Positive factor: Low levels of deleterious elements reported - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 30.8 Context: Cu #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-2) Selkirk Mine · cobalt #### Identity - Project: Selkirk Mine - Commodity: cobalt - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.036 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Cobalt content in the copper concentrate is a positive byproduct credit, contributing to overall project economics. - Positive factor: Cobalt is expected to be payable, adding value to the copper concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.036 Context: Co #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-3) Selkirk Mine · silver #### Identity - Project: Selkirk Mine - Commodity: silver - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 74.1 - Conc. Grade Unit: g/t #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Silver content in the copper concentrate provides additional payable metal, enhancing project economics. - Positive factor: Silver is expected to be payable, adding value to the copper concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 74.1 Context: Ag #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-4) Selkirk Mine · gold #### Identity - Project: Selkirk Mine - Commodity: gold - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 3.64 - Conc. Grade Unit: g/t #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Gold content in the copper concentrate provides additional payable metal, enhancing project economics. - Positive factor: Gold is expected to be payable, adding value to the copper concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 3.64 Context: Au #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-5) Selkirk Mine · palladium #### Identity - Project: Selkirk Mine - Commodity: palladium - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 37.7 - Conc. Grade Unit: g/t #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: High palladium content in the copper concentrate is a significant positive, enhancing the overall value proposition of the project. - Positive factor: Payable palladium content adds significant value to the copper concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 37.7 Context: Pd #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-6) Selkirk Mine · platinum #### Identity - Project: Selkirk Mine - Commodity: platinum - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 1.8 - Conc. Grade Unit: g/t #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Platinum content in the copper concentrate provides additional payable metal, enhancing project economics. - Positive factor: Payable platinum content adds value to the copper concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 1.80 Context: Pt #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-7) Selkirk Mine · arsenic #### Identity - Project: Selkirk Mine - Commodity: arsenic - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 18 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low arsenic content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Arsenic levels are very low \(18 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 18 Context: As #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-8) Selkirk Mine · aluminium oxide #### Identity - Project: Selkirk Mine - Commodity: aluminium oxide - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 1.44 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Aluminium oxide is a common gangue component, and its low level in the copper concentrate contributes to a clean concentrate profile. - Positive factor: Aluminium oxide content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 1.44 Context: Al 2 O 3 #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-9) Selkirk Mine · antimony #### Identity - Project: Selkirk Mine - Commodity: antimony - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 22 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low antimony content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Antimony levels are very low \(22 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 22 Context: Sb #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-10) Selkirk Mine · bismuth #### Identity - Project: Selkirk Mine - Commodity: bismuth - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 41 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low bismuth content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Bismuth levels are very low \(41 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 41 Context: Bi #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-11) Selkirk Mine · cadmium #### Identity - Project: Selkirk Mine - Commodity: cadmium - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 50.3 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low cadmium content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Cadmium levels are very low \(50.3 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 50.3 Context: Cd #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-12) Selkirk Mine · chlorine #### Identity - Project: Selkirk Mine - Commodity: chlorine - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.01 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low chlorine content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Chlorine levels are very low \(0.01%\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.01 Context: Cl #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-13) Selkirk Mine · carbon #### Identity - Project: Selkirk Mine - Commodity: carbon - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.63 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Carbon content in the copper concentrate is low, contributing to a clean concentrate profile. - Positive factor: Carbon content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.63 Context: C tot #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-14) Selkirk Mine · fluorine #### Identity - Project: Selkirk Mine - Commodity: fluorine - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.01 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low fluorine content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Fluorine levels are very low \(0.01%\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > < 0.01 Context: F #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-15) Selkirk Mine · iron\_ore #### Identity - Project: Selkirk Mine - Commodity: iron\_ore - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 29.95 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Iron content in the copper concentrate is within expected ranges for a clean concentrate. - Positive factor: Iron content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 29.95 Context: Fe #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-16) Selkirk Mine · lead #### Identity - Project: Selkirk Mine - Commodity: lead - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 122 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low lead content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Lead levels are very low \(122 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 122 Context: Pb #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-17) Selkirk Mine · phosphorus #### Identity - Project: Selkirk Mine - Commodity: phosphorus - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.003 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Low phosphorus content in the copper concentrate contributes to a clean concentrate profile. - Positive factor: Phosphorus content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.003 Context: P #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-18) Selkirk Mine · magnesium oxide #### Identity - Project: Selkirk Mine - Commodity: magnesium oxide - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.74 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Low magnesium oxide content in the copper concentrate contributes to a clean concentrate profile. - Positive factor: Magnesium oxide content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.74 Context: MgO #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-19) Selkirk Mine · mercury #### Identity - Project: Selkirk Mine - Commodity: mercury - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 47 - Conc. Grade Unit: ppb #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low mercury content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Mercury levels are very low \(47 ppb\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 47 Context: Hg #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-20) Selkirk Mine · molybdenum #### Identity - Project: Selkirk Mine - Commodity: molybdenum - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 1 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low molybdenum content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Molybdenum levels are very low \(1 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > <1 Context: Mo #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-21) Selkirk Mine · selenium #### Identity - Project: Selkirk Mine - Commodity: selenium - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 36 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low selenium content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Selenium levels are very low \(36 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 36 Context: Se #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-22) Selkirk Mine · silicon dioxide #### Identity - Project: Selkirk Mine - Commodity: silicon dioxide - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 3.65 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Silicon dioxide is a common gangue component, and its low level in the copper concentrate contributes to a clean concentrate profile. - Positive factor: Silicon dioxide content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 3.65 Context: SiO 2 #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-23) Selkirk Mine · sulfur #### Identity - Project: Selkirk Mine - Commodity: sulfur - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 31.99 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Sulfur content in the copper concentrate is within expected ranges for a clean concentrate. - Positive factor: Sulfur content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 31.99 Context: S tot #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-24) Selkirk Mine · tellurium #### Identity - Project: Selkirk Mine - Commodity: tellurium - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 77 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low tellurium content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Tellurium levels are very low \(77 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 77 Context: Te #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-25) Selkirk Mine · zinc #### Identity - Project: Selkirk Mine - Commodity: zinc - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 2105 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low zinc content in the copper concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Zinc levels are very low \(2105 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 2105 Context: Zn #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-26) Selkirk Mine · nickel #### Identity - Project: Selkirk Mine - Commodity: nickel - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 10.8 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: The nickel concentrate achieved a high grade of 10.8% and meets commercial smelter specifications with low deleterious elements, which is a strong positive for project economics and marketability. - Positive factor: High nickel concentrate grade of 10.8% - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Positive factor: Low levels of deleterious elements reported - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 10.8 Context: Ni #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-27) Selkirk Mine · copper #### Identity - Project: Selkirk Mine - Commodity: copper - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 1.72 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Copper content in the nickel concentrate is a minor component, but its presence is noted within the context of overall concentrate quality. - Positive factor: Copper content in nickel concentrate is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 1.72 Context: Cu #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-28) Selkirk Mine · cobalt #### Identity - Project: Selkirk Mine - Commodity: cobalt - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.62 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Significant cobalt content in the nickel concentrate provides a valuable byproduct credit, enhancing project economics. - Positive factor: Cobalt is expected to be payable, adding significant value to the nickel concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.620 Context: Co #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-29) Selkirk Mine · silver #### Identity - Project: Selkirk Mine - Commodity: silver - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 18.9 - Conc. Grade Unit: g/t #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Silver content in the nickel concentrate provides additional payable metal, enhancing project economics. - Positive factor: Silver is expected to be payable, adding value to the nickel concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 18.9 Context: Ag #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-30) Selkirk Mine · gold #### Identity - Project: Selkirk Mine - Commodity: gold - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.99 - Conc. Grade Unit: g/t #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Gold content in the nickel concentrate provides additional payable metal, enhancing project economics. - Positive factor: Gold is expected to be payable, adding value to the nickel concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.99 Context: Au #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-31) Selkirk Mine · palladium #### Identity - Project: Selkirk Mine - Commodity: palladium - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 6.95 - Conc. Grade Unit: g/t #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Significant palladium content in the nickel concentrate is a strong positive, enhancing the overall value proposition of the project. - Positive factor: Payable palladium content adds significant value to the nickel concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 6.95 Context: Pd #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-32) Selkirk Mine · platinum #### Identity - Project: Selkirk Mine - Commodity: platinum - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 3.27 - Conc. Grade Unit: g/t #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Significant platinum content in the nickel concentrate is a strong positive, enhancing the overall value proposition of the project. - Positive factor: Payable platinum content adds significant value to the nickel concentrate - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 3.27 Context: Pt #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-33) Selkirk Mine · arsenic #### Identity - Project: Selkirk Mine - Commodity: arsenic - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 51 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low arsenic content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Arsenic levels are very low \(51 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 51 Context: As #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-34) Selkirk Mine · aluminium oxide #### Identity - Project: Selkirk Mine - Commodity: aluminium oxide - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 2.67 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Aluminium oxide is a common gangue component, and its low level in the nickel concentrate contributes to a clean concentrate profile. - Positive factor: Aluminium oxide content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 2.67 Context: Al 2 O 3 #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-35) Selkirk Mine · antimony #### Identity - Project: Selkirk Mine - Commodity: antimony - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 59 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low antimony content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Antimony levels are very low \(59 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 59 Context: Sb #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-36) Selkirk Mine · bismuth #### Identity - Project: Selkirk Mine - Commodity: bismuth - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 27 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low bismuth content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Bismuth levels are very low \(27 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 27 Context: Bi #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-37) Selkirk Mine · cadmium #### Identity - Project: Selkirk Mine - Commodity: cadmium - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 15.6 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low cadmium content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Cadmium levels are very low \(15.6 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 15.6 Context: Cd #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-38) Selkirk Mine · chlorine #### Identity - Project: Selkirk Mine - Commodity: chlorine - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.02 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low chlorine content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Chlorine levels are very low \(0.02%\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.02 Context: Cl #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-39) Selkirk Mine · carbon #### Identity - Project: Selkirk Mine - Commodity: carbon - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.21 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Carbon content in the nickel concentrate is low, contributing to a clean concentrate profile. - Positive factor: Carbon content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0.21 Context: C tot #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-40) Selkirk Mine · fluorine #### Identity - Project: Selkirk Mine - Commodity: fluorine - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.01 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low fluorine content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Fluorine levels are very low \(0.01%\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > < 0.01 Context: F #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-41) Selkirk Mine · iron\_ore #### Identity - Project: Selkirk Mine - Commodity: iron\_ore - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 42.37 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Iron content in the nickel concentrate is within expected ranges for a clean concentrate. - Positive factor: Iron content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 42.37 Context: Fe #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-42) Selkirk Mine · lead #### Identity - Project: Selkirk Mine - Commodity: lead - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 78 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low lead content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Lead levels are very low \(78 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 78 Context: Pb #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-43) Selkirk Mine · phosphorus #### Identity - Project: Selkirk Mine - Commodity: phosphorus - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 0.002 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Low phosphorus content in the nickel concentrate contributes to a clean concentrate profile. - Positive factor: Phosphorus content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 0,002 Context: P #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-44) Selkirk Mine · magnesium oxide #### Identity - Project: Selkirk Mine - Commodity: magnesium oxide - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 1.59 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Low magnesium oxide content in the nickel concentrate contributes to a clean concentrate profile. - Positive factor: Magnesium oxide content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 1.59 Context: MgO #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-45) Selkirk Mine · mercury #### Identity - Project: Selkirk Mine - Commodity: mercury - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 137 - Conc. Grade Unit: ppb #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low mercury content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Mercury levels are very low \(137 ppb\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 137 Context: Hg #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-46) Selkirk Mine · molybdenum #### Identity - Project: Selkirk Mine - Commodity: molybdenum - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 1 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low molybdenum content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Molybdenum levels are very low \(1 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > <1 Context: Mo #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-47) Selkirk Mine · selenium #### Identity - Project: Selkirk Mine - Commodity: selenium - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 10 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low selenium content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Selenium levels are very low \(10 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > <10 Context: Se #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-48) Selkirk Mine · silicon dioxide #### Identity - Project: Selkirk Mine - Commodity: silicon dioxide - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 6.51 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Silicon dioxide is a common gangue component, and its low level in the nickel concentrate contributes to a clean concentrate profile. - Positive factor: Silicon dioxide content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 6.51 Context: SiO 2 #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-49) Selkirk Mine · sulfur #### Identity - Project: Selkirk Mine - Commodity: sulfur - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 32.17 - Conc. Grade Unit: % #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Sulfur content in the nickel concentrate is within expected ranges for a clean concentrate. - Positive factor: Sulfur content is within acceptable limits for commercial smelter specifications - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 32.17 Context: S tot #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-50) Selkirk Mine · tellurium #### Identity - Project: Selkirk Mine - Commodity: tellurium - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 39 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low tellurium content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Tellurium levels are very low \(39 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 39 Context: Te #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-final-analytical-results-confirm-selkirk-copper-and-nickel-clean-conce--2b4b104a-2e3b-46bf-8585-6c4e2da801ba#fact-metallurgical-facts-51) Selkirk Mine · zinc #### Identity - Project: Selkirk Mine - Commodity: zinc - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: conventional sequential flotation flowsheet - Sample: master composite representative of grades anticipated in the early years of a conceptual mine plan #### Recovery - Recovery Basis: actual\_test - Conc. Grade: 881 - Conc. Grade Unit: ppm #### Lab - Laboratory: Activation Laboratories Ltd. and Blue Coast Research - Consultant: Blue Coast Research and Renee Goold, P. Eng. of Fuse Advisors #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Very low zinc content in the nickel concentrate is a significant positive, indicating a clean concentrate profile and reduced penalty risk. - Positive factor: Zinc levels are very low \(881 ppm\) and below industry-standard penalty thresholds - Positive factor: Concentrate quality confirmed to meet commercial smelter specifications - Negative factor: Testwork conducted on a single master composite, limiting variability assessment Evidence · table > 881 Context: Zn #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ## 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.