# NexMetals Reports 11.05 Metres of 7.31% CuEq in SMD-25-205 Located 130 Metres Down-Dip from the Selebi Main Resource Within the Emerging Selebi Main Flexure Zone

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3

Original source: https://money.tmx.com/en/quote/NEXM/news/5386008082720046/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow

Publisher: tmx

Original announcement: 2026-02-26T21:13:00.000Z

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

- Document categories: Drill results, Other

- Extracted: 2026-09-12 15:16:28 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

NexMetals has reported high-grade drill results from its Selebi Main project in Botswana, highlighted by an 11.05m intercept of 7.31% CuEq in hole SMD-25-205. The drilling intersected a newly interpreted flexure zone located down-dip and beyond the current mineral resource estimate, demonstrating significant potential for resource expansion.

Reasoning: The drill results show high-grade copper-nickel mineralization in a new structural zone \(flexure\) significantly outside the existing resource boundaries, representing a major step-out success.

- Positive factor: High-grade CuEq intercept of 7.31% over 11.05m

- Positive factor: Step-out drilling 130m down-dip from existing resource

- Positive factor: Discovery of new flexure zone \(Selebi Main Flexure Zone\)

- Positive factor: Significant distance \(685m\) beyond current MRE

- Negative factor: True width for some intervals is estimated rather than measured

Facts used in scoring: 24

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling intersected mineralization 130m down-dip and 685m beyond the current MRE.

Evidence · text

> located 130 metres down-dip from the Selebi Main Resource

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: Release details lab \(ALS\), standards, blanks, and QP sign-off.

Evidence · text

> Sample preparation and lab analysis was completed at ALS Geochemistry

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The 5.75m at 8.73% CuEq intercept is exceptionally high grade.

Evidence · table

> 8.73

Context: 5.75

## Extracted facts

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

## Drill Results (24)

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-0)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 3
- Grade Unit: %
- Intercept: 11.05 m
- True Width: 10.7 m
- From: 1686.7 m
- To: 1697.75 m
- Intercept Depth: 1686.7 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1686.7-1697.75
- Mining Method: unknown

#### Location

- Location: Main Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 7.31
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Strong copper grade in a step-out location.

- Positive factor: High grade intercept

Evidence · table

> 3.00

Context: 11.05

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 10.7

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-1)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 2.09
- Grade Unit: %
- Intercept: 11.05 m
- True Width: 10.7 m
- From: 1686.7 m
- To: 1697.75 m
- Intercept Depth: 1686.7 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1686.7-1697.75
- Mining Method: unknown

#### Location

- Location: Main Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 7.31
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Significant nickel component in the CuEq intercept.

- Positive factor: High nickel grade

Evidence · table

> 2.09

Context: 11.05

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 10.7

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-2)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.09
- Grade Unit: %
- Intercept: 11.05 m
- True Width: 10.7 m
- From: 1686.7 m
- To: 1697.75 m
- Intercept Depth: 1686.7 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1686.7-1697.75
- Mining Method: unknown

#### Location

- Location: Main Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 7.31
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Trace cobalt reported.

Evidence · table

> 0.09

Context: 11.05

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 10.7

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-3)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 3.98
- Grade Unit: %
- Intercept: 5.75 m
- True Width: 5.6 m
- From: 1692 m
- To: 1697.75 m
- Intercept Depth: 1692 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1692-1697.75
- Mining Method: unknown

#### Location

- Location: Main Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 8.73
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Exceptional high-grade sub-interval within the main intercept.

- Positive factor: High grade sub-interval

Evidence · table

> 3.98

Context: 5.75

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 5.6

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-4)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 2.31
- Grade Unit: %
- Intercept: 5.75 m
- True Width: 5.6 m
- From: 1692 m
- To: 1697.75 m
- Intercept Depth: 1692 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1692-1697.75
- Mining Method: unknown

#### Location

- Location: Main Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 8.73
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Strong nickel grade in the high-grade sub-interval.

- Positive factor: High grade sub-interval

Evidence · table

> 2.31

Context: 5.75

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 5.6

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-5)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 5.75 m
- True Width: 5.6 m
- From: 1692 m
- To: 1697.75 m
- Intercept Depth: 1692 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1692-1697.75
- Mining Method: unknown

#### Location

- Location: Main Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 8.73
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Trace cobalt reported in high-grade sub-interval.

Evidence · table

> 0.10

Context: 5.75

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 5.6

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-6)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 3.16
- Grade Unit: %
- Intercept: 1.05 m
- True Width: 1 m
- From: 1708.3 m
- To: 1709.35 m
- Intercept Depth: 1708.3 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1708.3-1709.35
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 7.84
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: High grade intercept in a separate zone \(Lower Zone\).

- Positive factor: High grade in Lower Zone

Evidence · table

> 3.16

Context: 1.05

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 1

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-7)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 2.27
- Grade Unit: %
- Intercept: 1.05 m
- True Width: 1 m
- From: 1708.3 m
- To: 1709.35 m
- Intercept Depth: 1708.3 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1708.3-1709.35
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 7.84
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Significant nickel grade in the Lower Zone intercept.

- Positive factor: High grade in Lower Zone

Evidence · table

> 2.27

Context: 1.05

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 1

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-205

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-8)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-205
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 1.05 m
- True Width: 1 m
- From: 1708.3 m
- To: 1709.35 m
- Intercept Depth: 1708.3 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: SMD-25-205:1708.3-1709.35
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Easting: 582693.6
- Northing: 7563648.3
- Elevation: 903.9 m
- Dip: -77.7 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 7.84
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Trace cobalt reported in Lower Zone.

Evidence · table

> 0.10

Context: 1.05

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 1

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-9)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.63
- Grade Unit: %
- Intercept: 0.35 m
- From: 1852.6 m
- To: 1852.95 m
- Intercept Depth: 1852.6 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1852.6-1852.95
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 4.34
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 0.63 % copper is moderate against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 0.2 %·m is below \(grade alone is moderate; the better of the two is used\).

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

Evidence · table

> 0.63

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-10)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 1.8
- Grade Unit: %
- Intercept: 0.35 m
- From: 1852.6 m
- To: 1852.95 m
- Intercept Depth: 1852.6 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1852.6-1852.95
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 4.34
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 1.8 % nickel is strong against the default band \[3, 1.5, 0.8, 0.3\] %.

- Positive factor: 1.8 % nickel is strong on the default band.

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

Evidence · table

> 1.80

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-11)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 0.35 m
- From: 1852.6 m
- To: 1852.95 m
- Intercept Depth: 1852.6 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1852.6-1852.95
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 4.34
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

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

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

Evidence · table

> 0.10

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-12)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.46
- Grade Unit: %
- Intercept: 0.35 m
- From: 1853.95 m
- To: 1854.3 m
- Intercept Depth: 1853.95 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1853.95-1854.3
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 5.67
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 0.46 % copper is weak against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 0.2 %·m is below \(grade alone is weak; the better of the two is used\).

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

Evidence · table

> 0.46

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-13)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 2.53
- Grade Unit: %
- Intercept: 0.35 m
- From: 1853.95 m
- To: 1854.3 m
- Intercept Depth: 1853.95 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1853.95-1854.3
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 5.67
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 2.53 % nickel is strong against the default band \[3, 1.5, 0.8, 0.3\] %.

- Positive factor: 2.53 % nickel is strong on the default band.

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

Evidence · table

> 2.53

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-14)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.13
- Grade Unit: %
- Intercept: 0.35 m
- From: 1853.95 m
- To: 1854.3 m
- Intercept Depth: 1853.95 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1853.95-1854.3
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 5.67
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 0.13 % cobalt is weak against the default band \[0.5, 0.3, 0.15, 0.08\] %.

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

Evidence · table

> 0.13

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-15)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 4.29
- Grade Unit: %
- Intercept: 0.85 m
- From: 1855.65 m
- To: 1856.5 m
- Intercept Depth: 1855.65 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1855.65-1856.5
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 6.24
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 4.29 % copper is exceptional against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 3.6 %·m is below \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 4.29 % copper is exceptional on the default band.

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

Evidence · table

> 4.29

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-16)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.95
- Grade Unit: %
- Intercept: 0.85 m
- From: 1855.65 m
- To: 1856.5 m
- Intercept Depth: 1855.65 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1855.65-1856.5
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 6.24
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 0.95 % nickel is moderate against the default band \[3, 1.5, 0.8, 0.3\] %.

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

Evidence · table

> 0.95

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-17)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.05
- Grade Unit: %
- Intercept: 0.85 m
- From: 1855.65 m
- To: 1856.5 m
- Intercept Depth: 1855.65 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1855.65-1856.5
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 6.24
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 0.05 % cobalt is below against the default band \[0.5, 0.3, 0.15, 0.08\] %.

- Negative factor: 0.05 % cobalt is below the weak threshold \(0.08 %\) on the default band.

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

Evidence · table

> 0.05

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-18)

Selebi Main · copper

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: copper
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 2.47
- Grade Unit: %
- Intercept: 0.35 m
- From: 1858 m
- To: 1858.35 m
- Intercept Depth: 1858 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1858-1858.35
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 2.76
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 2.47 % copper is strong against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 0.9 %·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 2.47 % copper is strong on the default band.

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

Evidence · table

> 2.47

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-19)

Selebi Main · nickel

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: nickel
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.14
- Grade Unit: %
- Intercept: 0.35 m
- From: 1858 m
- To: 1858.35 m
- Intercept Depth: 1858 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1858-1858.35
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 2.76
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 0.14 % nickel is below against the default band \[3, 1.5, 0.8, 0.3\] %.

- Negative factor: 0.14 % nickel is below the weak threshold \(0.3 %\) on the default band.

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

Evidence · table

> 0.14

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### SMD-25-204

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-20)

Selebi Main · cobalt

#### Identity

- Hole ID: SMD-25-204
- Project: Selebi Main
- Commodity: cobalt
- Region: botswana
- Reported Region: botswana
- Ticker: NEXM

#### Geometry

- Grade: 0.01
- Grade Unit: %
- Intercept: 0.35 m
- From: 1858 m
- To: 1858.35 m
- Intercept Depth: 1858 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: SMD-25-204:1858-1858.35
- Mining Method: unknown

#### Location

- Location: Lower Zone
- Loc. Source: document

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 2.76
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 0.01 % cobalt is below against the default band \[0.5, 0.3, 0.15, 0.08\] %.

- Negative factor: 0.01 % cobalt is below the weak threshold \(0.08 %\) on the default band.

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

Evidence · table

> 0.01

Context: SMD-25-204

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### Incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-21)

Selebi Main · copper

#### Identity

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

#### Geometry

- Grade: 3.98
- Grade Unit: %
- Intercept: 5.75 m
- True Width: 5.6 m
- From: 1692 m
- To: 1697.75 m
- Intercept Depth: 1692 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: Incl.:1692-1697.75
- Mining Method: unknown

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 8.73
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 3.98 % copper is exceptional against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 22.9 %·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 3.98 % copper is exceptional on the default band.

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

Evidence · table

> 3.98

Context: Incl.

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 5.6

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### Incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-22)

Selebi Main · nickel

#### Identity

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

#### Geometry

- Grade: 2.31
- Grade Unit: %
- Intercept: 5.75 m
- True Width: 5.6 m
- From: 1692 m
- To: 1697.75 m
- Intercept Depth: 1692 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: Incl.:1692-1697.75
- Mining Method: unknown

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 8.73
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Expanded from assay table. 2.31 % nickel is strong against the default band \[3, 1.5, 0.8, 0.3\] %.

- Positive factor: 2.31 % nickel is strong on the default band.

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

Evidence · table

> 2.31

Context: Incl.

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 5.6

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

### Incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-dow--f9b94875-ae91-409e-9b24-28d4630cede3#fact-drill-facts-23)

Selebi Main · cobalt

#### Identity

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

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 5.75 m
- True Width: 5.6 m
- From: 1692 m
- To: 1697.75 m
- Intercept Depth: 1692 m

#### Classification

- Deposit Type: other
- Sample Type: drill
- Group ID: Incl.:1692-1697.75
- Mining Method: unknown

#### QA/QC

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

#### Metal Equivalent

- Metal Eq. Grade: 8.73
- Metal Eq. Unit: % Cu-Eq
- Assumptions Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

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

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

Evidence · table

> 0.10

Context: Incl.

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 5.6

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource"

## 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.