# NexMetals Reports Metallurgical Results Confirming Separate High Grade Saleable Cu-Ni-PGE Concentrates and Demonstrating Improved Recoveries at Selkirk

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--ca2b4957-490e-4507-b269-7127a6cfd1fd

Original source: https://money.tmx.com/en/quote/NEXM/news/6936097916030643/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable-

Publisher: tmx

Original announcement: 2026-04-27T11:00:00.000Z

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, Platinum, Palladium, Gold, Silver, Cobalt

- Document categories: Metallurgy

- Extracted: 2026-09-12 14:58:51 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

NexMetals has reported successful Locked Cycle Test \(LCT\) results at the Selkirk Project in Botswana, confirming the ability to produce separate high-grade copper and nickel concentrates. The results show significant improvements in copper recovery and nickel concentrate grade compared to the 2024 Mineral Resource Estimate parameters.

Reasoning: The LCT results demonstrate a significant technical improvement over the parameters used in the 2024 MRE, specifically in copper recovery and nickel concentrate grade, while validating a new sequential flotation flowsheet.

- Positive factor: Improved copper recovery \(81.3% vs 70.0% in 2024 MRE\)

- Positive factor: Significant increase in nickel concentrate grade \(10.9% vs 6.8% in 2024 MRE\)

- Positive factor: Successful production of separate Cu and Ni concentrates

- Positive factor: Reduction in copper losses to tailings \(11.4% vs 26.2%\)

- Positive factor: Identification of additional payable metals \(Ag, Co, PGEs\)

- Negative factor: Nickel recovery \(54.4%\) is relatively low compared to copper

Facts used in scoring: 4

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The results are from a flotation circuit \(LCT\) involving grinding and cleaning stages.

Evidence · text

> This new phase of flotation testwork

**QA/QC Disclosed**

Polarity: positive

Story-specific tag

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

Why it applies: The release details specific QA/QC protocols including blanks, standards, and accredited laboratory oversight.

Evidence · text

> Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards are inserted in every batch

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: 2 distinct composites were tested

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Metallurgical Results (4)

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--ca2b4957-490e-4507-b269-7127a6cfd1fd#fact-metallurgical-facts-0)

Selkirk · copper

#### Identity

- Project: Selkirk
- Commodity: copper
- Region: botswana
- Reported Region: Botswana
- Ticker: NEXM

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: sequential flotation
- Sample: Cu Cleaner 3 Conc \(LCT\)
- Grind P80: 14 µm

#### Recovery

- Recovery: 81.3 %
- Head Grade: 0.26
- Head Grade Unit: %
- Conc. Grade: 30.2
- Conc. Grade Unit: %
- Mass Pull: 0.7 %

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-27T00:00:00.000Z

Reasoning: High recovery and grade for a copper concentrate in a sequential flotation circuit.

- Positive factor: 81.3% recovery is a significant improvement over 70% in 2024 MRE

Evidence · table

> 81.3

Context: 0.70

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--ca2b4957-490e-4507-b269-7127a6cfd1fd#fact-metallurgical-facts-1)

Selkirk · nickel

#### Identity

- Project: Selkirk
- Commodity: nickel
- Region: botswana
- Reported Region: Botswana
- Ticker: NEXM

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: sequential flotation
- Sample: Ni Cleaner 3 Conc \(LCT\)
- Grind P80: 31 µm

#### Recovery

- Recovery: 54.4 %
- Head Grade: 0.24
- Head Grade Unit: %
- Conc. Grade: 10.9
- Conc. Grade Unit: %
- Mass Pull: 1.21 %

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-27T00:00:00.000Z

Reasoning: Strong improvement in concentrate grade, though recovery remains a focus for optimization.

- Positive factor: Nickel concentrate grade of 10.9% is a 60% increase over 2024 MRE inputs

- Negative factor: Nickel recovery of 54.4% is moderate

Evidence · table

> 54.4

Context: 1.21

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Low Recovery**

Polarity: negative

Definition: Recovery below the weak band for the commodity and processing route.

Why it applies: 54.4% is below the weak band \(75%\)

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--ca2b4957-490e-4507-b269-7127a6cfd1fd#fact-metallurgical-facts-2)

Selkirk · platinum

#### Identity

- Project: Selkirk
- Commodity: platinum
- Region: botswana
- Reported Region: Botswana
- Ticker: NEXM

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: sequential flotation
- Sample: Cu Cleaner 3 Conc \(LCT\)

#### Recovery

- Recovery: 15 %
- Head Grade: 0.09
- Head Grade Unit: g/t
- Conc. Grade: 1.91
- Conc. Grade Unit: g/t
- Mass Pull: 0.7 %

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-27T00:00:00.000Z

Reasoning: PGE credits in the copper concentrate.

Evidence · table

> 15.0

Context: 0.70

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/nexmetals-reports-metallurgical-results-confirming-separate-high-grade-saleable--ca2b4957-490e-4507-b269-7127a6cfd1fd#fact-metallurgical-facts-3)

Selkirk · palladium

#### Identity

- Project: Selkirk
- Commodity: palladium
- Region: botswana
- Reported Region: Botswana
- Ticker: NEXM

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: sequential flotation
- Sample: Cu Cleaner 3 Conc \(LCT\)

#### Recovery

- Recovery: 60.1 %
- Head Grade: 0.42
- Head Grade Unit: g/t
- Conc. Grade: 36.2
- Conc. Grade Unit: g/t
- Mass Pull: 0.7 %

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-27T00:00:00.000Z

Reasoning: Significant palladium credits in copper concentrate.

Evidence · table

> 60.1

Context: 0.70

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

## 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.