# 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

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec

Original source: https://money.tmx.com/en/quote/NEXM/news/5960318802698743/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl

Publisher: tmx

Original announcement: 2026-07-22T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: NexMetals Mining Corp.

- Ticker: NEXM

- Exchange: TSX

- Region: Botswana

- Primary commodity: Copper

- Secondary commodities: Nickel, Cobalt

- Document categories: Drill results

- Extracted: 2026-09-12 14:35:50 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: High-grade CuEq intercept of 7.65% in SMD-26-212-W1

- Positive factor: Step-out drilling extending mineralization beyond 2024 MRE

- Positive factor: Demonstrated continuity at 200-300m spacing

- Positive factor: QA/QC disclosed with certified lab and QP sign-off

Facts used in scoring: 34

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: 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 Disclosed**

Polarity: positive

Definition: 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-26-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-0)

Selebi Main · copper

#### 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 4.05

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-1)

Selebi Main · nickel

#### 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 4.05

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-2)

Selebi Main · cobalt

#### 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 4.05

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-3)

Selebi Main · copper

#### 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 2.85

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-4)

Selebi Main · nickel

#### 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 2.85

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-5)

Selebi Main · copper

#### 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 factor: Significant high-grade intercept

#### 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 11.15

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-6)

Selebi Main · nickel

#### 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 11.15

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-7)

Selebi Main · cobalt

#### 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 11.15

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-8)

Selebi Main · cobalt

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

Evidence · table

> 0.10

Context: including

#### 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 2.85

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-9)

Selebi Main · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 13.45

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-10)

Selebi Main · nickel

#### 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 factor: 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 13.45

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-11)

Selebi Main · cobalt

#### 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 factor: 0.03 % 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

> 0.03

Context: SMD-26-212-W1

#### 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 13.45

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-12)

Selebi Main · copper

#### 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 factor: 1.31 % copper is strong on the default band.

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

Evidence · table

> 1.31

Context: including

#### 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 4

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-13)

Selebi Main · nickel

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

Evidence · table

> 1.12

Context: including

#### 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 4

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-W1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-14)

Selebi Main · cobalt

#### 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 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: including

#### 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 4

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-15)

Selebi Main · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 2.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-16)

Selebi Main · nickel

#### 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 factor: 1.59 % nickel is strong on the default band.

- Negative factor: 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 2.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-17)

Selebi Main · cobalt

#### 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 factor: 0.07 % 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

> 0.07

Context: SMD-26-213

#### 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 2.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-18)

Selebi Main · copper

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

Evidence · table

> 0.74

Context: including

#### 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 1.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-19)

Selebi Main · nickel

#### 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 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: including

#### 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 1.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-20)

Selebi Main · cobalt

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

Evidence · table

> 0.10

Context: including

#### 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 1.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-21)

Selebi Main · copper

#### 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 factor: 1.35 % copper is strong on the default band.

- Negative factor: 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 21.9

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-22)

Selebi Main · nickel

#### 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 factor: 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 21.9

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-23)

Selebi Main · cobalt

#### 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 factor: 0.04 % 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

> 0.04

Context: SMD-26-213

#### 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 21.9

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-24)

Selebi Main · copper

#### 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 factor: 2.52 % copper is exceptional on the default band.

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

Evidence · table

> 2.52

Context: including

#### 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 7.1

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-25)

Selebi Main · nickel

#### 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 factor: 1.54 % nickel is strong on the default band.

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

Evidence · table

> 1.54

Context: including

#### 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 7.1

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-26)

Selebi Main · cobalt

#### 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 factor: 0.07 % 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

> 0.07

Context: including

#### 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 7.1

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-214

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-27)

Selebi Main · copper

#### 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 factor: 2.11 % copper is strong on the default band.

- Negative factor: 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 0.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-214

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-28)

Selebi Main · nickel

#### 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 factor: 0.07 % 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

> 0.07

Context: SMD-26-214

#### 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 0.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-214

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-29)

Selebi Main · cobalt

#### 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 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-26-214

#### 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 0.65

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-214

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-30)

Selebi Main · copper

#### 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 factor: 2.03 % copper is strong on the default band.

- Negative factor: 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 1.4

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-214

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-31)

Selebi Main · nickel

#### 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 factor: 0.27 % 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

> 0.27

Context: SMD-26-214

#### 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 1.4

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-214

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-32)

Selebi Main · cobalt

#### 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 factor: 0.02 % 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

> 0.02

Context: SMD-26-214

#### 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 1.4

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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-26-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-11-15-metres-of-7-65-cueq-3-10-cu-2-21-ni-at-selebi-main-highl--303eb213-702f-4caf-9172-32f03da255ec#fact-drill-facts-33)

Selebi Main

Historical result

Needs review: historical\_restatement

#### 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 Disclosed**

Polarity: positive

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

Why it applies: true\_width\_m is 26.1

**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

**Metal Equivalent Opaque**

Polarity: negative

Definition: 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.