NexMetals Reports Final Drill Results from Its 2025 Selebi North Underground Program; Confirms High-Grade Continuity with 18.80 Metres of 4.69% CuEq (2.10% Cu and 1.26% Ni)
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 15:03:09 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NexMetals Mining Corp. reports final drill results from its 2025 Selebi North Underground program, confirming high-grade copper-nickel continuity and extending the South Limb mineralization. Highlights include 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) in hole SNUG-25-197. These results will be incorporated into an updated Mineral Resource Estimate and Preliminary Economic Assessment, reinforcing confidence in the overall scale of the Selebi system.
Reasoning: The final drill results from the Selebi North Underground program confirm high-grade copper-nickel continuity and significant resource expansion potential, with strong to exceptional intercepts in key zones. The program successfully extended mineralization down-plunge, supporting an upcoming MRE. Robust QA/QC and transparent metal equivalent calculations bolster confidence, though the lack of consistent true width disclosure is a minor drawback.
Positive factors
- High-grade copper and nickel intercepts, particularly in SNUG-25-197, exceed strong to exceptional thresholds for underground mining.
- Drilling confirms continuity of high-grade mineralization and extends the South Limb footprint significantly.
- Comprehensive QA/QC disclosure with QP sign-off and certified lab ensures data reliability.
- Metal equivalent assumptions are fully disclosed, providing transparency.
Negative factors
- True width is not consistently provided for all intercepts, potentially overstating apparent lengths.
- Some intercepts are narrow and of lower grade, indicating variability.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 24
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The sub-interval of 6.45 metres at 5.67% CuEq (2.25% Cu, 1.66% Ni) in SNUG-25-197 is exceptionally high-grade for an underground copper-nickel deposit.
Evidence · table
“5.67”
Context: 6.45
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The 2025 SNUG drilling program extended the footprint of the South Limb mineralization approximately 315 metres down-plunge beyond the 2024 MRE.
Evidence · text
“The 2025 SNUG drilling program extended the footprint of the South Limb mineralization approximately 315 metres down-plunge beyond the 2024 MRE”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release details QA/QC procedures including QP sign-off, certified lab (ALS Chemex), and insertion of blanks and certified standards.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K. ... Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch.”
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: Metal equivalent calculation assumptions (prices, recoveries) are fully disclosed in footnote 3 of Table 1.
Evidence · text
“CuEq was calculated using the formula CuEq=Cu+2.06*Ni assuming long-term prices of US$10.50/lb Ni and US$4.75/lb Cu, and nickel and copper recoveries of 72.0% and 92.4%, respectively, derived from metallurgical studies which consider a conceptual bulk concentrate scenario.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document explicitly states that 'Length refers to drillhole length and not true width' and that true widths are only estimated where drill density is sufficient.
Evidence · text
“Length refers to drillhole length and not true width. True widths are estimated where density of drilling is sufficient for an estimation. Some true widths cannot be estimated due to insufficient drill density in the folded mineralized horizon.”
Extracted facts
Stored fact records: 24. Some facts used in scoring do not have a stored record.
Drill Results (24)
SNUG-25-197Selebi North Underground · copperGrade: 2.1Grade Unit: %Intercept: 18.8 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- copper
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 2.1
- Grade Unit
- %
- Intercept
- 18.8 m
- From
- 724.65 m
- To
- 743.45 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:724.65-743.45
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.69
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This intercept shows strong copper grades over a significant length, contributing positively to resource expansion and continuity in an underground setting. The high CuEq further enhances its value.
Positive factors
- High-grade copper intercept (2.10% Cu) is strong for an underground deposit.
- Significant intercept length (18.80 m) indicates good continuity.
- Metal equivalent grade (4.69% CuEq) is strong, reflecting combined value.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“2.10”
Context: 18.80
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-197Selebi North Underground · nickelGrade: 1.26Grade Unit: %Intercept: 18.8 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- nickel
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 1.26
- Grade Unit
- %
- Intercept
- 18.8 m
- From
- 724.65 m
- To
- 743.45 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:724.65-743.45
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.69
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This intercept shows strong nickel grades over a significant length, contributing positively to resource expansion and continuity in an underground setting.
Positive factors
- High-grade nickel intercept (1.26% Ni) is strong for an underground deposit.
- Significant intercept length (18.80 m) indicates good continuity.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“1.26”
Context: 18.80
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-197Selebi North Underground · cobaltGrade: 0.06Grade Unit: %Intercept: 18.8 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.06
- Grade Unit
- %
- Intercept
- 18.8 m
- From
- 724.65 m
- To
- 743.45 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:724.65-743.45
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.69
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: The cobalt grade, while not the primary focus, contributes to the overall polymetallic value of the intercept.
Positive factors
- Cobalt presence adds to the polymetallic nature of the deposit.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.06”
Context: 18.80
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-197Selebi North Underground · copperGrade: 2.38Grade Unit: %Intercept: 9.75 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- copper
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 2.38
- Grade Unit
- %
- Intercept
- 9.75 m
- From
- 724.65 m
- To
- 734.4 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:724.65-734.4
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.88
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This sub-interval within SNUG-25-197 shows strong copper grades and high CuEq, indicating a high-quality zone of mineralization.
Positive factors
- High-grade copper intercept (2.38% Cu) is strong for an underground deposit.
- Metal equivalent grade (4.88% CuEq) is strong, reflecting combined value.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“2.38”
Context: 9.75
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-197Selebi North Underground · nickelGrade: 1.21Grade Unit: %Intercept: 9.75 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- nickel
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 1.21
- Grade Unit
- %
- Intercept
- 9.75 m
- From
- 724.65 m
- To
- 734.4 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:724.65-734.4
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.88
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This sub-interval within SNUG-25-197 shows strong nickel grades, contributing to the overall high-grade nature of the intercept.
Positive factors
- High-grade nickel intercept (1.21% Ni) is strong for an underground deposit.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“1.21”
Context: 9.75
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-197Selebi North Underground · cobaltGrade: 0.06Grade Unit: %Intercept: 9.75 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.06
- Grade Unit
- %
- Intercept
- 9.75 m
- From
- 724.65 m
- To
- 734.4 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:724.65-734.4
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.88
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: The cobalt grade, while not the primary focus, contributes to the overall polymetallic value of the intercept.
Positive factors
- Cobalt presence adds to the polymetallic nature of the deposit.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.06”
Context: 9.75
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-197Selebi North Underground · copperGrade: 2.25Grade Unit: %Intercept: 6.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- copper
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 2.25
- Grade Unit
- %
- Intercept
- 6.45 m
- From
- 737 m
- To
- 743.45 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:737-743.45
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 5.67
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This sub-interval within SNUG-25-197 represents an exceptionally high-grade zone for both copper and nickel, significantly contributing to the overall positive results.
Positive factors
- Exceptional copper grade (2.25% Cu) for an underground deposit.
- Exceptional metal equivalent grade (5.67% CuEq) is very high, reflecting combined value.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“2.25”
Context: 6.45
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-197Selebi North Underground · nickelGrade: 1.66Grade Unit: %Intercept: 6.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- nickel
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 1.66
- Grade Unit
- %
- Intercept
- 6.45 m
- From
- 737 m
- To
- 743.45 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:737-743.45
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 5.67
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This sub-interval within SNUG-25-197 shows strong nickel grades, contributing to the overall high-grade nature of the intercept.
Positive factors
- High-grade nickel intercept (1.66% Ni) is strong for an underground deposit.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“1.66”
Context: 6.45
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-197Selebi North Underground · cobaltGrade: 0.08Grade Unit: %Intercept: 6.45 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-197
- Project
- Selebi North Underground
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.08
- Grade Unit
- %
- Intercept
- 6.45 m
- From
- 737 m
- To
- 743.45 m
- Hole Depth
- 835.5 m
- Intercept Depth
- 724.65 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-197:737-743.45
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.1
- Elevation
- 81.2 m
- Azimuth
- 160.8 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 5.67
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: The cobalt grade, while not the primary focus, contributes to the overall polymetallic value of the intercept.
Positive factors
- Cobalt presence adds to the polymetallic nature of the deposit.
Negative factors
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.08”
Context: 6.45
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-199Selebi North Underground · copperGrade: 0.47Grade Unit: %Intercept: 3.2 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-199
- Project
- Selebi North Underground
- Commodity
- copper
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.47
- Grade Unit
- %
- Intercept
- 3.2 m
- From
- 536.2 m
- To
- 539.4 m
- Hole Depth
- 602.5 m
- Intercept Depth
- 536.2 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-199:536.2-539.4
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.2
- Elevation
- 81.2 m
- Azimuth
- 170.2 °
- Dip
- -69.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 2.79
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This intercept shows moderate copper grades over a narrow width, contributing to the overall understanding of mineralization but less material than the higher-grade intercepts.
Positive factors
- Moderate copper grade (0.47% Cu) for an underground deposit.
Negative factors
- Narrow intercept length (3.20 m).
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.47”
Context: 3.20
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-199Selebi North Underground · nickelGrade: 1.13Grade Unit: %Intercept: 3.2 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-199
- Project
- Selebi North Underground
- Commodity
- nickel
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 1.13
- Grade Unit
- %
- Intercept
- 3.2 m
- From
- 536.2 m
- To
- 539.4 m
- Hole Depth
- 602.5 m
- Intercept Depth
- 536.2 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-199:536.2-539.4
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.2
- Elevation
- 81.2 m
- Azimuth
- 170.2 °
- Dip
- -69.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 2.79
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This intercept shows strong nickel grades over a narrow width, contributing to the overall understanding of mineralization.
Positive factors
- High-grade nickel intercept (1.13% Ni) is strong for an underground deposit.
Negative factors
- Narrow intercept length (3.20 m).
- True width not stated, potentially overstating actual thickness.
Evidence · table
“1.13”
Context: 3.20
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-199Selebi North Underground · cobaltGrade: 0.06Grade Unit: %Intercept: 3.2 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-199
- Project
- Selebi North Underground
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.06
- Grade Unit
- %
- Intercept
- 3.2 m
- From
- 536.2 m
- To
- 539.4 m
- Hole Depth
- 602.5 m
- Intercept Depth
- 536.2 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-199:536.2-539.4
- Mining Method
- underground
Location
- Location
- South
- Easting
- 35367.4
- Northing
- 84410.2
- Elevation
- 81.2 m
- Azimuth
- 170.2 °
- Dip
- -69.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 2.79
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: The cobalt grade, while not the primary focus, contributes to the overall polymetallic value of the intercept.
Positive factors
- Cobalt presence adds to the polymetallic nature of the deposit.
Negative factors
- Narrow intercept length (3.20 m).
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.06”
Context: 3.20
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-200Selebi North Underground · copperGrade: 0.65Grade Unit: %Intercept: 1.65 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-200
- Project
- Selebi North Underground
- Commodity
- copper
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.65
- Grade Unit
- %
- Intercept
- 1.65 m
- From
- 373.9 m
- To
- 375.55 m
- Hole Depth
- 740.3 m
- Intercept Depth
- 373.9 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-200:373.9-375.55
- Mining Method
- underground
Location
- Location
- N3 FH
- Easting
- 35091.8
- Northing
- 84546.6
- Elevation
- -42 m
- Azimuth
- 230.3 °
- Dip
- -59.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This narrow intercept shows moderate copper and strong CuEq, confirming mineralization in the N3 FH zone but over a limited width.
Positive factors
- Moderate copper grade (0.65% Cu) for an underground deposit.
- Strong metal equivalent grade (4.58% CuEq) is high, reflecting combined value.
Negative factors
- Very narrow intercept length (1.65 m).
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.65”
Context: 1.65
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-200Selebi North Underground · nickelGrade: 1.91Grade Unit: %Intercept: 1.65 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-200
- Project
- Selebi North Underground
- Commodity
- nickel
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 1.91
- Grade Unit
- %
- Intercept
- 1.65 m
- From
- 373.9 m
- To
- 375.55 m
- Hole Depth
- 740.3 m
- Intercept Depth
- 373.9 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-200:373.9-375.55
- Mining Method
- underground
Location
- Location
- N3 FH
- Easting
- 35091.8
- Northing
- 84546.6
- Elevation
- -42 m
- Azimuth
- 230.3 °
- Dip
- -59.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This narrow intercept shows strong nickel grades, confirming mineralization in the N3 FH zone.
Positive factors
- High-grade nickel intercept (1.91% Ni) is strong for an underground deposit.
Negative factors
- Very narrow intercept length (1.65 m).
- True width not stated, potentially overstating actual thickness.
Evidence · table
“1.91”
Context: 1.65
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-200Selebi North Underground · cobaltGrade: 0.12Grade Unit: %Intercept: 1.65 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-200
- Project
- Selebi North Underground
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.12
- Grade Unit
- %
- Intercept
- 1.65 m
- From
- 373.9 m
- To
- 375.55 m
- Hole Depth
- 740.3 m
- Intercept Depth
- 373.9 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-200:373.9-375.55
- Mining Method
- underground
Location
- Location
- N3 FH
- Easting
- 35091.8
- Northing
- 84546.6
- Elevation
- -42 m
- Azimuth
- 230.3 °
- Dip
- -59.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: The cobalt grade, while not the primary focus, contributes to the overall polymetallic value of the intercept.
Positive factors
- Cobalt presence adds to the polymetallic nature of the deposit.
Negative factors
- Very narrow intercept length (1.65 m).
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.12”
Context: 1.65
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-200Selebi North Underground · copperGrade: 0.67Grade Unit: %Intercept: 1.35 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-200
- Project
- Selebi North Underground
- Commodity
- copper
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.67
- Grade Unit
- %
- Intercept
- 1.35 m
- From
- 633.3 m
- To
- 634.65 m
- Hole Depth
- 740.3 m
- Intercept Depth
- 633.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-200:633.3-634.65
- Mining Method
- underground
Location
- Location
- N3
- Easting
- 35091.8
- Northing
- 84546.6
- Elevation
- -42 m
- Azimuth
- 230.3 °
- Dip
- -59.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 1.22
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This very narrow intercept shows moderate copper grades but weak overall CuEq, indicating limited mineralization in this specific zone.
Positive factors
- Moderate copper grade (0.67% Cu) for an underground deposit.
Negative factors
- Very narrow intercept length (1.35 m).
- True width not stated, potentially overstating actual thickness.
- Weak metal equivalent grade (1.22% CuEq).
Evidence · table
“0.67”
Context: 1.35
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-200Selebi North Underground · nickelGrade: 0.27Grade Unit: %Intercept: 1.35 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-200
- Project
- Selebi North Underground
- Commodity
- nickel
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.27
- Grade Unit
- %
- Intercept
- 1.35 m
- From
- 633.3 m
- To
- 634.65 m
- Hole Depth
- 740.3 m
- Intercept Depth
- 633.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-200:633.3-634.65
- Mining Method
- underground
Location
- Location
- N3
- Easting
- 35091.8
- Northing
- 84546.6
- Elevation
- -42 m
- Azimuth
- 230.3 °
- Dip
- -59.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 1.22
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This very narrow intercept shows weak nickel grades, indicating limited mineralization in this specific zone.
Negative factors
- Weak nickel grade (0.27% Ni) for an underground deposit.
- Very narrow intercept length (1.35 m).
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.27”
Context: 1.35
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
SNUG-25-200Selebi North Underground · cobaltGrade: 0.01Grade Unit: %Intercept: 1.35 mView all detailsHide details
Identity
- Hole ID
- SNUG-25-200
- Project
- Selebi North Underground
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.01
- Grade Unit
- %
- Intercept
- 1.35 m
- From
- 633.3 m
- To
- 634.65 m
- Hole Depth
- 740.3 m
- Intercept Depth
- 633.3 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SNUG-25-200:633.3-634.65
- Mining Method
- underground
Location
- Location
- N3
- Easting
- 35091.8
- Northing
- 84546.6
- Elevation
- -42 m
- Azimuth
- 230.3 °
- Dip
- -59.2 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 1.22
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: The cobalt grade is very low and contributes minimally to the overall value of this narrow intercept.
Negative factors
- Very narrow intercept length (1.35 m).
- True width not stated, potentially overstating actual thickness.
Evidence · table
“0.01”
Context: 1.35
Tags used in scoring
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
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
incl.Selebi North Underground · copperGrade: 2.38Grade Unit: %Intercept: 9.75 mView all detailsHide details
Identity
- Hole ID
- incl.
- Project
- Selebi North Underground
- Commodity
- copper
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 2.38
- Grade Unit
- %
- Intercept
- 9.75 m
- From
- 724.65 m
- To
- 734.4 m
- Intercept Depth
- 724.65 m
Classification
- Sample Type
- drill
- Group ID
- incl.:724.65-734.4
- Mining Method
- underground
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.88
- Metal Eq. Unit
- % Cu-Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Expanded from assay table. 2.38 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 23.2 %·m is weak (grade alone is strong; the better of the two is used).
Positive factors
- 2.38 % copper is strong on the default band.
Negative factors
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“2.38”
Context: incl.
Tags used in scoring
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
incl.Selebi North Underground · nickelGrade: 1.21Grade Unit: %Intercept: 9.75 mView all detailsHide details
Identity
- Hole ID
- incl.
- Project
- Selebi North Underground
- Commodity
- nickel
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 1.21
- Grade Unit
- %
- Intercept
- 9.75 m
- From
- 724.65 m
- To
- 734.4 m
- Intercept Depth
- 724.65 m
Classification
- Sample Type
- drill
- Group ID
- incl.:724.65-734.4
- Mining Method
- underground
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.88
- Metal Eq. Unit
- % Cu-Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Expanded from assay table. 1.21 % 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
“1.21”
Context: incl.
Tags used in scoring
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
incl.Selebi North Underground · cobaltGrade: 0.06Grade Unit: %Intercept: 9.75 mView all detailsHide details
Identity
- Hole ID
- incl.
- Project
- Selebi North Underground
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.06
- Grade Unit
- %
- Intercept
- 9.75 m
- From
- 724.65 m
- To
- 734.4 m
- Intercept Depth
- 724.65 m
Classification
- Sample Type
- drill
- Group ID
- incl.:724.65-734.4
- Mining Method
- underground
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 4.88
- Metal Eq. Unit
- % Cu-Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Expanded from assay table. 0.06 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.
Negative factors
- 0.06 % 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
“0.06”
Context: incl.
Tags used in scoring
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
incl.Selebi North Underground · copperGrade: 2.25Grade Unit: %Intercept: 6.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- incl.
- Project
- Selebi North Underground
- Commodity
- copper
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 2.25
- Grade Unit
- %
- Intercept
- 6.45 m
- From
- 737 m
- To
- 743.45 m
- Intercept Depth
- 737 m
Classification
- Sample Type
- drill
- Group ID
- incl.:737-743.45
- Mining Method
- underground
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 5.67
- Metal Eq. Unit
- % Cu-Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Expanded from assay table. 2.25 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 14.5 %·m is below (grade alone is strong; the better of the two is used).
Positive factors
- 2.25 % copper is strong on the default band.
Negative factors
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“2.25”
Context: incl.
Tags used in scoring
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
incl.Selebi North Underground · nickelGrade: 1.66Grade Unit: %Intercept: 6.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- incl.
- Project
- Selebi North Underground
- Commodity
- nickel
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 1.66
- Grade Unit
- %
- Intercept
- 6.45 m
- From
- 737 m
- To
- 743.45 m
- Intercept Depth
- 737 m
Classification
- Sample Type
- drill
- Group ID
- incl.:737-743.45
- Mining Method
- underground
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 5.67
- Metal Eq. Unit
- % Cu-Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Expanded from assay table. 1.66 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.
Positive factors
- 1.66 % nickel is strong on the default band.
Negative factors
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“1.66”
Context: incl.
Tags used in scoring
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
incl.Selebi North Underground · cobaltGrade: 0.08Grade Unit: %Intercept: 6.45 mView all detailsHide details
Identity
- Hole ID
- incl.
- Project
- Selebi North Underground
- Commodity
- cobalt
- Region
- botswana
- Reported Region
- botswana
- Ticker
- NEXM
Geometry
- Grade
- 0.08
- Grade Unit
- %
- Intercept
- 6.45 m
- From
- 737 m
- To
- 743.45 m
- Intercept Depth
- 737 m
Classification
- Sample Type
- drill
- Group ID
- incl.:737-743.45
- Mining Method
- underground
QA/QC
- Laboratory
- ALS Chemex
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Metal Equivalent
- Metal Eq. Grade
- 5.67
- Metal Eq. Unit
- % Cu-Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Expanded from assay table. 0.08 % 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
“0.08”
Context: incl.
Tags used in scoring
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni) including: 6.45 metres of 5.67% CuEq (2.25% Cu, "
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.