NexMetals Increases Selkirk Mineral Resource by 70%, Establishing 1.1 Billion Pounds of Copper Equivalent in the Indicated Category and 200 Million Pounds in Inferred Category
Original announcement by tmx on
- Company
- NexMetals Mining Corp.
- Ticker
- NEXM
- Exchange
- TSX
- Region
- Botswana
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Cobalt, Platinum, Palladium, Gold, Silver
- Document categories
- Resource update
- Extracted
- 2026-09-12 14:45:07 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NexMetals has released an updated 2026 Mineral Resource Estimate for the Selkirk Project in Botswana, increasing the resource by 70%. The update establishes 1.1 billion pounds of copper equivalent in the Indicated category and 200 million pounds in the Inferred category, driven by successful twin drilling and the inclusion of additional payable metals.
Reasoning: The update represents a major de-risking event through category conversion and significant scale increase in contained CuEq.
Positive factors
- Significant tonnage growth (70%)
- Substantial conversion from Inferred to Indicated category
- Expansion of payable metals (Co, Ag, Au) compared to 2024 MRE
- Improved strip ratio (1.02:1 vs 1.65:1)
- Metallurgical results confirm clean concentrate production
Negative factors
- Historical data from TNMC was not verifiable and excluded
Facts used in scoring: 28
Classification and evidence
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Significant conversion of Mineral Resources from the Inferred to Indicated category.
Evidence · text
“reflects a significant conversion of Mineral Resources from the Inferred to Indicated category”
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: Resource increased by 70% compared to the 2024 MRE.
Evidence · text
“Increases Selkirk Mineral Resource by 70%”
QP/CP Signedpositive
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: Mr. J.C. Witley, a Qualified Person, has reviewed and approved the technical information.
Evidence · text
“The Qualified Person, Mr. J.C. Witley (BSc Hons, MSc (Eng.)), is satisfied that the assay results are of sufficient accuracy and precision”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE is reported in accordance with NI 43-101 standards.
Evidence · text
“reported in accordance with the 2014 CIM Definition Standards, which have been incorporated by reference into NI 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade is clearly stated as US$25/t NSR.
Evidence · text
“Mineral Resources are reported at a cut-off value of US$25/t NSR”
Extracted facts
Stored fact records: 28. Some facts used in scoring do not have a stored record.
Resource Estimates (28)
indicatedSelkirk · copperTonnes: 78200000Grade: 0.23Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- copper
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:4b208624078f833b31ff
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 78200000
- Grade
- 0.23
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Indicated category.
Positive factors
- Indicated category status
Evidence · table
“0.23”
Context: 78.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · nickelTonnes: 78200000Grade: 0.21Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- nickel
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:4b208624078f833b31ff
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 78200000
- Grade
- 0.21
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Secondary metal grade in Indicated category.
Evidence · table
“0.21”
Context: 78.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · cobaltTonnes: 78200000Grade: 0.012Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:4b208624078f833b31ff
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 78200000
- Grade
- 0.012
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace cobalt grade in Indicated category.
Evidence · table
“0.012”
Context: 78.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · platinumTonnes: 78200000Grade: 0.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- platinum
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:4b208624078f833b31ff
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 78200000
- Grade
- 0.1
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace platinum grade in Indicated category.
Evidence · table
“0.10”
Context: 78.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · palladiumTonnes: 78200000Grade: 0.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- palladium
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:4b208624078f833b31ff
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 78200000
- Grade
- 0.42
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace palladium grade in Indicated category.
Evidence · table
“0.42”
Context: 78.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · goldTonnes: 78200000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- gold
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:4b208624078f833b31ff
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 78200000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace gold grade in Indicated category.
Evidence · table
“0.05”
Context: 78.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · silverTonnes: 78200000Grade: 0.72Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- silver
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:4b208624078f833b31ff
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 78200000
- Grade
- 0.72
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace silver grade in Indicated category.
Evidence · table
“0.72”
Context: 78.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · copperTonnes: 15100000Grade: 0.21Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- copper
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:6b21e467f857e4c1673a
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 15100000
- Grade
- 0.21
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Inferred category.
Evidence · table
“0.21”
Context: 15.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · nickelTonnes: 15100000Grade: 0.18Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- nickel
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:6b21e467f857e4c1673a
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 15100000
- Grade
- 0.18
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Secondary metal grade in Inferred category.
Evidence · table
“0.18”
Context: 15.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · cobaltTonnes: 15100000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:6b21e467f857e4c1673a
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 15100000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace cobalt grade in Inferred category.
Evidence · table
“0.010”
Context: 15.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · platinumTonnes: 15100000Grade: 0.09Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- platinum
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:6b21e467f857e4c1673a
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 15100000
- Grade
- 0.09
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace platinum grade in Inferred category.
Evidence · table
“0.09”
Context: 15.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · palladiumTonnes: 15100000Grade: 0.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- palladium
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:6b21e467f857e4c1673a
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 15100000
- Grade
- 0.4
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace palladium grade in Inferred category.
Evidence · table
“0.40”
Context: 15.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · goldTonnes: 15100000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- gold
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:6b21e467f857e4c1673a
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 15100000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace gold grade in Inferred category.
Evidence · table
“0.05”
Context: 15.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · silverTonnes: 15100000Grade: 0.77Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- silver
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:6b21e467f857e4c1673a
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 15100000
- Grade
- 0.77
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Trace silver grade in Inferred category.
Evidence · table
“0.77”
Context: 15.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · nickelTonnes: 1138000000Grade: 163Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- nickel
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c56b57242b6f6234b257
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1138000000
- Grade
- 163
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Indicated category. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category status
Evidence · table
“163”
Context: 1,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · copperTonnes: 1138000000Grade: 181Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- copper
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c56b57242b6f6234b257
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1138000000
- Grade
- 181
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Indicated category. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category status
Evidence · table
“181”
Context: 1,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · cobaltTonnes: 1138000000Grade: 9.2Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c56b57242b6f6234b257
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1138000000
- Grade
- 9.2
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Indicated category. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category status
Evidence · table
“9.2”
Context: 1,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · platinumTonnes: 1138000000Grade: 245Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- platinum
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c56b57242b6f6234b257
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1138000000
- Grade
- 245
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Indicated category. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category status
Evidence · table
“245”
Context: 1,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · palladiumTonnes: 1138000000Grade: 1066Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- palladium
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c56b57242b6f6234b257
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1138000000
- Grade
- 1066
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Indicated category. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category status
Evidence · table
“1,066”
Context: 1,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · goldTonnes: 1138000000Grade: 120Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- gold
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c56b57242b6f6234b257
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1138000000
- Grade
- 120
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Indicated category. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category status
Evidence · table
“120”
Context: 1,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSelkirk · silverTonnes: 1138000000Grade: 1818Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- silver
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:c56b57242b6f6234b257
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1138000000
- Grade
- 1818
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.66
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Indicated category. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category status
Evidence · table
“1,818”
Context: 1,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · nickelTonnes: 200000000Grade: 27Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- nickel
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:62986e719f37fc9ec1e1
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 200000000
- Grade
- 27
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Inferred category. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“27”
Context: 200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · copperTonnes: 200000000Grade: 32Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- copper
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:62986e719f37fc9ec1e1
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 200000000
- Grade
- 32
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Inferred category. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“32”
Context: 200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · cobaltTonnes: 200000000Grade: 1.6Grade Unit: %View all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:62986e719f37fc9ec1e1
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 200000000
- Grade
- 1.6
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Inferred category. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“1.6”
Context: 200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · platinumTonnes: 200000000Grade: 45Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- platinum
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:62986e719f37fc9ec1e1
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 200000000
- Grade
- 45
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Inferred category. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“45”
Context: 200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · palladiumTonnes: 200000000Grade: 193Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- palladium
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:62986e719f37fc9ec1e1
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 200000000
- Grade
- 193
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Inferred category. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“193”
Context: 200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · goldTonnes: 200000000Grade: 25Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- gold
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:62986e719f37fc9ec1e1
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 200000000
- Grade
- 25
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Inferred category. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“25”
Context: 200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSelkirk · silverTonnes: 200000000Grade: 372Grade Unit: g/tView all detailsHide details
Identity
- Project
- Selkirk
- Commodity
- silver
- Region
- botswana
- Reported Region
- Botswana
- Ticker
- NEXM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-22T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- J.C. Witley
- Resource group id
- resource:62986e719f37fc9ec1e1
- Deposit or zone
- Selkirk Meta Gabbro
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 200000000
- Grade
- 372
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-06-22
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: Primary metal grade in Inferred category. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“372”
Context: 200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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.