Nexmetals drills 19.4 m of 3.93% CuEq at Selebi North

Executive Summary

• Nexmetals announced high‑grade intercepts from drill hole SNUG‑25‑189 at the Selebi North underground deposit, confirming continuity and extension of both the South Limb and N2 limb mineralization.
• The hole returned 19.40 m @ 3.93% CuEq (including 13.55 m @ 4.02% CuEq), with a separate 4.90 m @ 4.39% CuEq intersected in the South Limb, strengthening confidence in deposit size and grade.
• Ongoing drilling (holes SNUG‑25‑191 & SNUG‑25‑192) aims to delineate lateral strike extent; results pending.

Key Details

• Hole SNUG‑25‑189 – South Limb: 4.90 m @ 4.39% CuEq (0.73 % Cu, 1.77 % Ni).
• Hole SNUG‑25‑189 – N2 Limb: 19.40 m @ 3.93% CuEq (1.05 % Cu, 1.40 % Ni).
• Including higher-grade interval: 13.55 m @ 4.02% CuEq (0.74 % Cu, 1.60 % Ni).
• Results demonstrate mineralization continuity at greater depths beyond the 2024 resource limits.
• Additional drilling planned to test strike extent; assay results pending for SNUG‑25‑191 (South Limb) and ongoing for SNUG‑25‑192.
• Samples taken from 40.7 mm BQTK core, half‑core cut on site; analysis performed by ALS Chemex (Johannesburg) using peroxide fusion & ICP‑AES.
• Qualified Person: Sharon Taylor, VP Exploration, MSc, PGeo, NI 43‑101 & S‑K Subpart 1300 sign‑off.

Notable Quotes

“Drilling continues to highlight consistent high‑grade copper, nickel and cobalt mineralization extending past the limits of the 2024 resource, reinforcing the potential for further expansion.” – Morgan Lekstrom, CEO, Nexmetals Mining Corp.