Nexmetals drills 32.6 m of mineralization at Selebi N.

Executive Summary

• Nexmetals intersected a 32.60 m continuous massive‑sulphide interval (including 19.90 m of massive sulphide) in underground drill hole SNUG‑25‑194 at the Selebi North South limb.
• The hole bridges two previously drilled step‑out holes (SNUG‑25‑184 and SNUG‑25‑186), confirming down‑plunge continuity and supporting a potential expansion of the mineral resource estimate (MRE).
• Assays are pending; results will be incorporated into an updated MRE, with further electromagnetic surveys and drilling planned to delineate strike extent and scale.

Key Details

• Hole SNUG‑25‑194: 32.60 m of continuous mineralization; 19.90 m massive sulphide across five sub‑intervals.
• True thickness estimated at 60–65 % of the drilled interval, consistent with geological models for the South limb.
• Step‑out geometry: Hole located 183 m down‑plunge from SNUG‑25‑184 and 130 m step‑out from SNUG‑25‑186, effectively bridging the two resource expansion drill holes announced on June 30 and Aug. 13, 2025.
• Future work: Planned borehole electromagnetic surveys to map conductive trends; continued drilling to further demonstrate scale, continuity, and expansion potential of Selebi North.
• Assay status: Results for SNUG‑25‑194 and two additional holes are pending.
• Qualified person: Sharon Taylor, VP Exploration (MSc, PGeo), NI 43‑101 & S‑K qualified.
• Drilling contractor: Forage Fusion Drilling Ltd., using three Zinex U‑5 drills; core BQTK 40.7 mm, half‑core sampling, analysis by ALS Chemex (ICP‑AES).

Notable Quotes

“This is a critical confirmation point for Selebi North. By bridging two major stepout holes and intersecting significant massive sulphide intervals, we have validated the down plunge continuity and further strengthened our geological model.” – Morgan Lekstrom, CEO, Nexmetals Mining Corp.