Nexmetals expands Selkirk project with drill results

Executive Summary

• Nexmetals announced multiple >200‑m intercepts of high‑grade Cu‑Ni‑Co‑PGE mineralization from two new holes (SMET‑25‑004 and SMET‑25‑001) in the Selkirk project, reinforcing the deposit’s size and consistency.
• Intercepts include 210 m @ 1.06 % CuEq (including 74 m @ 1.28 % CuEq) and a near‑surface zone of 45 m @ 0.69 % CuEq starting at just 13 m depth, supporting open‑pit potential with low strip ratio.
• The results complement earlier assay releases (Sept 18, 2025) and underpin upcoming catalysts: resource expansion, metallurgical test work, and optimization studies.

Key Details

• Hole SMET‑25‑004: 210.0 m @ 1.06 % CuEq (0.40 % Cu, 0.36 % Ni, 0.59 ppm Pd, 0.14 ppm Pt); within this interval, a higher‑grade sub‑interval of 74.0 m @ 1.28 % CuEq (0.45 % Cu, 0.46 % Ni, 0.73 ppm Pd, 0.17 ppm Pt).
• Hole SMET‑25‑001: Near‑surface mineralization starting at 13 m depth; 45.0 m @ 0.69 % CuEq (0.23 % Cu, 0.23 % Ni, 0.46 ppm Pd, 0.10 ppm Pt).
• Cut‑off Grade: $25/tonne NSR → 0.46 % CuEq; all reported intervals exceed this threshold and are therefore potentially mineable.
• Previous Assay Results (Sept 18, 2025):
• Hole SMET‑25‑003: 201.3 m @ 0.91 % CuEq (0.33 % Cu, 0.30 % Ni, 0.55 ppm Pd, 0.13 ppm Pt).
• Hole SMET‑25‑002: 85.0 m @ 0.98 % CuEq (0.34 % Cu, 0.31 % Ni, 0.65 ppm Pd, 0.14 ppm Pt); near‑surface interval of 19.9 m @ 0.58 % CuEq starting at 26.1 m depth.
• Technical Report (in release): Inferred resources of 44.2 Mt at 0.30 % Cu, 0.24 % Ni, 0.55 g/t Pd, 0.12 g/t Pt → 132 kt Cu, 108 kt Ni, 775 k oz Pd, 174 k oz Pt.
• Implications: Large near‑surface widths support open‑pit development with low strip ratio; consistent high‑grade intervals over >125 m spacing suggest robust deposit continuity.
• Upcoming Catalysts: Further resource model updates, metallurgical test results, and optimization studies slated for release in the coming months.

Notable Quotes

“These results position Selkirk as a standout asset, reinforcing the substantial scale of the deposit… The large widths of near‑surface mineralization support open‑pit development potential with a low strip ratio.” – Morgan Lekstrom, CEO, Nexmetals Mining Corp.

“Combined with the ongoing resampling and metallurgical programs, these results not only provide essential material for processing studies but also indicate meaningful opportunities to improve the strip ratio.” – Morgan Lekstrom, CEO, Nexmetals Mining Corp.