NexMetals Reports 11.15 Metres of 7.65% CuEq (3.10% Cu, 2.21% Ni) at Selebi Main, Highlighting a Kilometre-Scale Trend of Thick, High-Grade Massive Sulphides

Original announcement by tmx on

Company
NexMetals Mining Corp.
Ticker
NEXM
Exchange
TSX
Region
Botswana
Primary commodity
Copper
Secondary commodities
Nickel, Cobalt
Document categories
Drill results
Extracted
2026-09-12 14:35:50 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

NexMetals reported high-grade drill results at the Selebi Main deposit in Botswana, highlighted by an 11.15m intercept of 7.65% CuEq (3.10% Cu, 2.21% Ni) in hole SMD-26-212-W1. The drilling confirms a kilometre-scale trend of massive sulphides that extends beyond the 2024 Mineral Resource Estimate.

Reasoning: Significant high-grade copper-nickel intercepts that extend the known mineralized trend beyond previous resource limits.

Positive factors

  • High-grade CuEq intercept of 7.65% in SMD-26-212-W1
  • Step-out drilling extending mineralization beyond 2024 MRE
  • Demonstrated continuity at 200-300m spacing
  • QA/QC disclosed with certified lab and QP sign-off

Facts used in scoring: 34

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: SMD-26-210 is a 225-metre northward step-out from SMD-25-205.

Evidence · text

“This hole is a 225-metre northward step-out from SMD-25-205”

QA/QC Disclosedpositive

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

Why it applies: Release mentions blanks, standards, and ALS Geochemistry laboratory.

Evidence · text

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

Extracted facts

Stored fact records: 34. Some facts used in scoring do not have a stored record.

Drill Results (34)

SMD-26-210Selebi Main · copperGrade: 1.85Grade Unit: %Intercept: 4.1 mView all details
Link to this fact

Identity

Hole ID
SMD-26-210
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.85
Grade Unit
%
Intercept
4.1 m
True Width
4.05 m
From
1681.5 m
To
1685.6 m
Hole Depth
1717.6 m
Intercept Depth
1681.5 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
SMD-26-210:1681.5-1685.6
Mining Method
unknown

Location

Location
Main Zone
Easting
582807.4
Northing
7563850.3
Elevation
901.2 m
Azimuth
115.2 °
Dip
-74.4 °
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
6.23
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 4.05

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-210Selebi Main · nickelGrade: 2.13Grade Unit: %Intercept: 4.1 mView all details
Link to this fact

Identity

Hole ID
SMD-26-210
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.13
Grade Unit
%
Intercept
4.1 m
True Width
4.05 m
From
1681.5 m
To
1685.6 m
Hole Depth
1717.6 m
Intercept Depth
1681.5 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
SMD-26-210:1681.5-1685.6
Mining Method
unknown

Location

Location
Main Zone
Easting
582807.4
Northing
7563850.3
Elevation
901.2 m
Azimuth
115.2 °
Dip
-74.4 °
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
6.23
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Moderate grade nickel intercept.

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 4.05

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-210Selebi Main · cobaltGrade: 0.09Grade Unit: %Intercept: 4.1 mView all details
Link to this fact

Identity

Hole ID
SMD-26-210
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.09
Grade Unit
%
Intercept
4.1 m
True Width
4.05 m
From
1681.5 m
To
1685.6 m
Hole Depth
1717.6 m
Intercept Depth
1681.5 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
SMD-26-210:1681.5-1685.6
Mining Method
unknown

Location

Location
Main Zone
Easting
582807.4
Northing
7563850.3
Elevation
901.2 m
Azimuth
115.2 °
Dip
-74.4 °
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
6.23
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Trace cobalt reported.

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 4.05

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-210Selebi Main · copperGrade: 2.32Grade Unit: %Intercept: 2.9 mView all details
Link to this fact

Identity

Hole ID
SMD-26-210
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.32
Grade Unit
%
Intercept
2.9 m
True Width
2.85 m
From
1681.5 m
To
1684.4 m
Hole Depth
1717.6 m
Intercept Depth
1681.5 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
SMD-26-210:1681.5-1684.4
Mining Method
unknown

Location

Location
Main Zone
Easting
582807.4
Northing
7563850.3
Elevation
901.2 m
Azimuth
115.2 °
Dip
-74.4 °
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
7.16
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: High grade sub-interval.

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.85

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-210Selebi Main · nickelGrade: 2.35Grade Unit: %Intercept: 2.9 mView all details
Link to this fact

Identity

Hole ID
SMD-26-210
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.35
Grade Unit
%
Intercept
2.9 m
True Width
2.85 m
From
1681.5 m
To
1684.4 m
Hole Depth
1717.6 m
Intercept Depth
1681.5 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
SMD-26-210:1681.5-1684.4
Mining Method
unknown

Location

Location
Main Zone
Easting
582807.4
Northing
7563850.3
Elevation
901.2 m
Azimuth
115.2 °
Dip
-74.4 °
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
7.16
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: High grade sub-interval.

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.85

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · copperGrade: 3.09Grade Unit: %Intercept: 11.15 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
3.09
Grade Unit
%
Intercept
11.15 m
True Width
11.15 m
From
1520.1 m
To
1531.25 m
Hole Depth
1636.2 m
Intercept Depth
1520.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
SMD-26-212-W1:1520.1-1531.25
Mining Method
unknown

Location

Location
Main Zone
Easting
582754.9
Northing
7563356.4
Elevation
903.5 m
Azimuth
120.9 °
Dip
-72.1 °
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
7.65
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Exceptional copper grade and thickness.

Positive factors

  • Significant high-grade intercept

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 11.15

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · nickelGrade: 2.21Grade Unit: %Intercept: 11.15 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.21
Grade Unit
%
Intercept
11.15 m
True Width
11.15 m
From
1520.1 m
To
1531.25 m
Hole Depth
1636.2 m
Intercept Depth
1520.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
SMD-26-212-W1:1520.1-1531.25
Mining Method
unknown

Location

Location
Main Zone
Easting
582754.9
Northing
7563356.4
Elevation
903.5 m
Azimuth
120.9 °
Dip
-72.1 °
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
7.65
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Strong nickel grade.

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 11.15

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · cobaltGrade: 0.09Grade Unit: %Intercept: 11.15 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.09
Grade Unit
%
Intercept
11.15 m
True Width
11.15 m
From
1520.1 m
To
1531.25 m
Hole Depth
1636.2 m
Intercept Depth
1520.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
SMD-26-212-W1:1520.1-1531.25
Mining Method
unknown

Location

Location
Main Zone
Easting
582754.9
Northing
7563356.4
Elevation
903.5 m
Azimuth
120.9 °
Dip
-72.1 °
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
7.65
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Trace cobalt reported.

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 11.15

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-210Selebi Main · cobaltGrade: 0.1Grade Unit: %Intercept: 2.9 mView all details
Link to this fact

Identity

Hole ID
SMD-26-210
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.1
Grade Unit
%
Intercept
2.9 m
True Width
2.85 m
From
1681.5 m
To
1684.4 m
Intercept Depth
1681.5 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-210:1681.5-1684.4
Mining Method
unknown

Location

Location
Main 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
7.16
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Negative factors

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

Evidence · table

“0.10”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.85

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · copperGrade: 0.93Grade Unit: %Intercept: 13.45 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.93
Grade Unit
%
Intercept
13.45 m
True Width
13.45 m
From
1538.55 m
To
1552 m
Intercept Depth
1538.55 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-212-W1:1538.55-1552
Mining Method
unknown

Location

Location
Main 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
2.14
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.93 % copper is moderate against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 12.5 %·m is below (grade alone is moderate; the better of the two is used).

Negative factors

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

Evidence · table

“0.93”

Context: SMD-26-212-W1

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 13.45

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · nickelGrade: 0.59Grade Unit: %Intercept: 13.45 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.59
Grade Unit
%
Intercept
13.45 m
True Width
13.45 m
From
1538.55 m
To
1552 m
Intercept Depth
1538.55 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-212-W1:1538.55-1552
Mining Method
unknown

Location

Location
Main 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
2.14
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.59 % nickel is weak against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

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

Evidence · table

“0.59”

Context: SMD-26-212-W1

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 13.45

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · cobaltGrade: 0.03Grade Unit: %Intercept: 13.45 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.03
Grade Unit
%
Intercept
13.45 m
True Width
13.45 m
From
1538.55 m
To
1552 m
Intercept Depth
1538.55 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-212-W1:1538.55-1552
Mining Method
unknown

Location

Location
Main 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
2.14
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.03 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.03 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.03”

Context: SMD-26-212-W1

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 13.45

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · copperGrade: 1.31Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.31
Grade Unit
%
Intercept
4 m
True Width
4 m
From
1539 m
To
1543 m
Intercept Depth
1539 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-212-W1:1539-1543
Mining Method
unknown

Location

Location
Main 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
3.63
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 1.31 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 5.2 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 1.31 % copper is strong on the default band.

Negative factors

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

Evidence · table

“1.31”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 4

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · nickelGrade: 1.12Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.12
Grade Unit
%
Intercept
4 m
True Width
4 m
From
1539 m
To
1543 m
Intercept Depth
1539 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-212-W1:1539-1543
Mining Method
unknown

Location

Location
Main 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
3.63
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 1.12 % nickel is moderate against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

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

Evidence · table

“1.12”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 4

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-212-W1Selebi Main · cobaltGrade: 0.05Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
SMD-26-212-W1
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.05
Grade Unit
%
Intercept
4 m
True Width
4 m
From
1539 m
To
1543 m
Intercept Depth
1539 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-212-W1:1539-1543
Mining Method
unknown

Location

Location
Main 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
3.63
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Negative factors

  • 0.05 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.05”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 4

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · copperGrade: 0.49Grade Unit: %Intercept: 2.8 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.49
Grade Unit
%
Intercept
2.8 m
True Width
2.65 m
From
1887.8 m
To
1890.6 m
Intercept Depth
1887.8 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1887.8-1890.6
Mining Method
unknown

Location

Location
Main 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
3.76
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.49 % copper is weak against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 1.4 %·m is below (grade alone is weak; the better of the two is used).

Negative factors

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

Evidence · table

“0.49”

Context: SMD-26-213

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · nickelGrade: 1.59Grade Unit: %Intercept: 2.8 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.59
Grade Unit
%
Intercept
2.8 m
True Width
2.65 m
From
1887.8 m
To
1890.6 m
Intercept Depth
1887.8 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1887.8-1890.6
Mining Method
unknown

Location

Location
Main 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
3.76
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 1.59 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 1.59 % nickel is strong on the default band.

Negative factors

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

Evidence · table

“1.59”

Context: SMD-26-213

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · cobaltGrade: 0.07Grade Unit: %Intercept: 2.8 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.07
Grade Unit
%
Intercept
2.8 m
True Width
2.65 m
From
1887.8 m
To
1890.6 m
Intercept Depth
1887.8 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1887.8-1890.6
Mining Method
unknown

Location

Location
Main 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
3.76
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Negative factors

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

Evidence · table

“0.07”

Context: SMD-26-213

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · copperGrade: 0.74Grade Unit: %Intercept: 1.75 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.74
Grade Unit
%
Intercept
1.75 m
True Width
1.65 m
From
1888.85 m
To
1890.6 m
Intercept Depth
1888.85 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1888.85-1890.6
Mining Method
unknown

Location

Location
Main 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
5.49
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.74 % copper is moderate against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 1.3 %·m is below (grade alone is moderate; the better of the two is used).

Negative factors

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

Evidence · table

“0.74”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · nickelGrade: 2.31Grade Unit: %Intercept: 1.75 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.31
Grade Unit
%
Intercept
1.75 m
True Width
1.65 m
From
1888.85 m
To
1890.6 m
Intercept Depth
1888.85 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1888.85-1890.6
Mining Method
unknown

Location

Location
Main 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
5.49
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Positive factors

  • 2.31 % nickel is strong on the default band.

Negative factors

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

Evidence · table

“2.31”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · cobaltGrade: 0.1Grade Unit: %Intercept: 1.75 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.1
Grade Unit
%
Intercept
1.75 m
True Width
1.65 m
From
1888.85 m
To
1890.6 m
Intercept Depth
1888.85 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1888.85-1890.6
Mining Method
unknown

Location

Location
Main 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
5.49
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Negative factors

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

Evidence · table

“0.10”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · copperGrade: 1.35Grade Unit: %Intercept: 22.9 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.35
Grade Unit
%
Intercept
22.9 m
True Width
21.9 m
From
1917 m
To
1939.9 m
Intercept Depth
1917 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1917-1939.9
Mining Method
unknown

Location

Location
Main 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
3.02
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 1.35 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 30.9 %·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 1.35 % copper is strong on the default band.

Negative factors

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

Evidence · table

“1.35”

Context: SMD-26-213

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 21.9

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · nickelGrade: 0.81Grade Unit: %Intercept: 22.9 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.81
Grade Unit
%
Intercept
22.9 m
True Width
21.9 m
From
1917 m
To
1939.9 m
Intercept Depth
1917 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1917-1939.9
Mining Method
unknown

Location

Location
Main 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
3.02
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.81 % nickel is moderate against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

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

Evidence · table

“0.81”

Context: SMD-26-213

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 21.9

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · cobaltGrade: 0.04Grade Unit: %Intercept: 22.9 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.04
Grade Unit
%
Intercept
22.9 m
True Width
21.9 m
From
1917 m
To
1939.9 m
Intercept Depth
1917 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1917-1939.9
Mining Method
unknown

Location

Location
Main 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
3.02
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Negative factors

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

Evidence · table

“0.04”

Context: SMD-26-213

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 21.9

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · copperGrade: 2.52Grade Unit: %Intercept: 7.45 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.52
Grade Unit
%
Intercept
7.45 m
True Width
7.1 m
From
1921.55 m
To
1929 m
Intercept Depth
1921.55 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1921.55-1929
Mining Method
unknown

Location

Location
Main 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
5.69
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 2.52 % copper is exceptional against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 18.8 %·m is below (grade alone is exceptional; the better of the two is used).

Positive factors

  • 2.52 % copper is exceptional on the default band.

Negative factors

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

Evidence · table

“2.52”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 7.1

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · nickelGrade: 1.54Grade Unit: %Intercept: 7.45 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
1.54
Grade Unit
%
Intercept
7.45 m
True Width
7.1 m
From
1921.55 m
To
1929 m
Intercept Depth
1921.55 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1921.55-1929
Mining Method
unknown

Location

Location
Main 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
5.69
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 1.54 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 1.54 % nickel is strong on the default band.

Negative factors

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

Evidence · table

“1.54”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 7.1

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-213Selebi Main · cobaltGrade: 0.07Grade Unit: %Intercept: 7.45 mView all details
Link to this fact

Identity

Hole ID
SMD-26-213
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.07
Grade Unit
%
Intercept
7.45 m
True Width
7.1 m
From
1921.55 m
To
1929 m
Intercept Depth
1921.55 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-213:1921.55-1929
Mining Method
unknown

Location

Location
Main 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
5.69
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Negative factors

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

Evidence · table

“0.07”

Context: including

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 7.1

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-214Selebi Main · copperGrade: 2.11Grade Unit: %Intercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
SMD-26-214
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.11
Grade Unit
%
Intercept
0.8 m
True Width
0.65 m
From
1703.2 m
To
1704 m
Intercept Depth
1703.2 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-214:1703.2-1704
Mining Method
unknown

Location

Location
Main 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
2.26
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 2.11 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 1.7 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 2.11 % copper is strong on the default band.

Negative factors

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

Evidence · table

“2.11”

Context: SMD-26-214

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-214Selebi Main · nickelGrade: 0.07Grade Unit: %Intercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
SMD-26-214
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.07
Grade Unit
%
Intercept
0.8 m
True Width
0.65 m
From
1703.2 m
To
1704 m
Intercept Depth
1703.2 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-214:1703.2-1704
Mining Method
unknown

Location

Location
Main 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
2.26
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.07 % nickel is below against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

  • 0.07 % nickel is below the weak threshold (0.3 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.07”

Context: SMD-26-214

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-214Selebi Main · cobaltGrade: 0.01Grade Unit: %Intercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
SMD-26-214
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.01
Grade Unit
%
Intercept
0.8 m
True Width
0.65 m
From
1703.2 m
To
1704 m
Intercept Depth
1703.2 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-214:1703.2-1704
Mining Method
unknown

Location

Location
Main 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
2.26
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

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

Negative factors

  • 0.01 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.01”

Context: SMD-26-214

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-214Selebi Main · copperGrade: 2.03Grade Unit: %Intercept: 1.55 mView all details
Link to this fact

Identity

Hole ID
SMD-26-214
Project
Selebi Main
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
2.03
Grade Unit
%
Intercept
1.55 m
True Width
1.4 m
From
1720.4 m
To
1721.95 m
Intercept Depth
1720.4 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-214:1720.4-1721.95
Mining Method
unknown

Location

Location
Main 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
2.58
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 2.03 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 3.1 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 2.03 % copper is strong on the default band.

Negative factors

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

Evidence · table

“2.03”

Context: SMD-26-214

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.4

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-214Selebi Main · nickelGrade: 0.27Grade Unit: %Intercept: 1.55 mView all details
Link to this fact

Identity

Hole ID
SMD-26-214
Project
Selebi Main
Commodity
nickel
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.27
Grade Unit
%
Intercept
1.55 m
True Width
1.4 m
From
1720.4 m
To
1721.95 m
Intercept Depth
1720.4 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-214:1720.4-1721.95
Mining Method
unknown

Location

Location
Main 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
2.58
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.27 % nickel is below against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

  • 0.27 % nickel is below the weak threshold (0.3 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.27”

Context: SMD-26-214

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.4

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-214Selebi Main · cobaltGrade: 0.02Grade Unit: %Intercept: 1.55 mView all details
Link to this fact

Identity

Hole ID
SMD-26-214
Project
Selebi Main
Commodity
cobalt
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Grade
0.02
Grade Unit
%
Intercept
1.55 m
True Width
1.4 m
From
1720.4 m
To
1721.95 m
Intercept Depth
1720.4 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SMD-26-214:1720.4-1721.95
Mining Method
unknown

Location

Location
Main 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
2.58
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-22T00:00:00.000Z

Reasoning: Expanded from assay table. 0.02 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.02 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.02”

Context: SMD-26-214

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.4

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

SMD-26-210Selebi MainIntercept: 26.1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
SMD-26-210
Project
Selebi Main
Region
botswana
Reported Region
botswana
Ticker
NEXM

Geometry

Intercept
26.1 m
True Width
26.1 m
Hole Depth
1717.6 m

Classification

Deposit Type
other
Sample Type
drill

Location

Azimuth
115.2 °
Dip
-74.4 °

QA/QC

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

Metal Equivalent

Metal Eq. Grade
8.29
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-02-26T00:00:00.000Z

Dates

Event date
2026-07-22T00:00:00.000Z

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

Evidence · text

“26.1m of 8.29% CuEq”

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 26.1

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

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.