# 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 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df Original source: https://money.tmx.com/en/quote/NEXM/news/4578552634858416/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun Publisher: tmx Original announcement: 2026-06-24T11:00:00.000Z 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, Platinum, Palladium, Gold, Silver - Document categories: Resource update - Extracted: 2026-09-12 14:45:07 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant tonnage growth \(70%\) - Positive factor: Substantial conversion from Inferred to Indicated category - Positive factor: Expansion of payable metals \(Co, Ag, Au\) compared to 2024 MRE - Positive factor: Improved strip ratio \(1.02:1 vs 1.65:1\) - Positive factor: Metallurgical results confirm clean concentrate production - Negative factor: Historical data from TNMC was not verifiable and excluded Facts used in scoring: 28 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Signed** Polarity: positive 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: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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$25/t NSR ## Extracted facts Stored fact records: 28. Some facts used in scoring do not have a stored record. ## Resource Estimates (28) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-0) Selkirk · copper #### Identity - Project: Selkirk - Commodity: copper - Region: botswana - Reported Region: Botswana - Ticker: NEXM #### Resource scope - Estimate type: resource - Effective date: 2026-06-22T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: J.C. Witley - Resource group id: resource:4b208624078f833b31ff - Deposit or zone: Selkirk Meta Gabbro - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 78200000 - Grade: 0.23 - Grade Unit: % - Cutoff Grade: 25 - Cutoff Unit: US$/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 factor: Indicated category status Evidence · table > 0.23 Context: 78.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-1) Selkirk · nickel #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-2) Selkirk · cobalt #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-3) Selkirk · platinum #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-4) Selkirk · palladium #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-5) Selkirk · gold #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-6) Selkirk · silver #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-7) Selkirk · copper #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-8) Selkirk · nickel #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-9) Selkirk · cobalt #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-10) Selkirk · platinum #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-11) Selkirk · palladium #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-12) Selkirk · gold #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-13) Selkirk · silver #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-14) Selkirk · nickel #### 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 factor: Indicated category status Evidence · table > 163 Context: 1,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-15) Selkirk · copper #### 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 factor: Indicated category status Evidence · table > 181 Context: 1,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-16) Selkirk · cobalt #### 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 factor: Indicated category status Evidence · table > 9.2 Context: 1,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-17) Selkirk · platinum #### 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 factor: Indicated category status Evidence · table > 245 Context: 1,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-18) Selkirk · palladium #### 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 factor: Indicated category status Evidence · table > 1,066 Context: 1,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-19) Selkirk · gold #### 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 factor: Indicated category status Evidence · table > 120 Context: 1,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-20) Selkirk · silver #### 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 factor: Indicated category status Evidence · table > 1,818 Context: 1,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-21) Selkirk · nickel Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-22) Selkirk · copper #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-23) Selkirk · cobalt #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-24) Selkirk · platinum #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-25) Selkirk · palladium #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-26) Selkirk · gold #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-increases-selkirk-mineral-resource-by-70-establishing-1-1-billion-poun--b064a51a-ddf3-4cc9-9d1c-c047e48f23df#fact-resource-facts-27) Selkirk · silver #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: 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.