NexMetals Reports 180.8 Metres of 1.31% CuEq from Selkirk Resampling Program and Engages IR Advisory Firm
High-grade copper-nickel intercepts and metallurgical breakthroughs in Botswana set the stage for a major 2026 resource expansion.
The most recent news (March 19, 2026) reports significant assay results from a 34-hole resampling program at the Selkirk Mine in Botswana. Key intercepts include 180.80 meters of 1.31% CuEq and 101.00 meters of 0.85% CuEq. These results are critical because they incorporate Platinum Group Elements (PGEs) which were historically ignored, potentially increasing the overall resource value and reducing the strip ratio for a future open-pit operation. This follows a string of high-grade results from the Selebi Main Flexure Zone (March 2, 2026) which reported 11.05 meters of 7.31% CuEq, confirming mineralization extends well beyond current resource boundaries.
The recent news is Material - Positive. - Resource Expansion: The resampling at Selkirk and the "Flexure Zone" discovery at Selebi Main provide high-confidence data for the upcoming Mineral Resource Estimate (MRE) updates in Q2 2026. - Economic De-risking: The inclusion of PGEs and the metallurgical breakthrough (announced late 2025) allowing for separate copper and nickel concentrates significantly lowers projected CAPEX by potentially removing the need for an on-site smelter. - Validation: The results confirm the "Super Conductor" targets identified via BHEM, proving the company's technical model for finding high-grade massive sulphides at depth.
NexMetals (formerly Premium Resources) operates the Selebi and Selkirk Mines in Botswana. - Selebi: A past-producing underground mine. Recent drilling has identified a "Flexure Zone" and "Super Conductors" that suggest the deposit is much larger than historically understood. - Selkirk: A large-scale Cu-Ni-PGE deposit with open-pit potential. Recent resampling has confirmed wide intervals of mineralization starting near surface.