Nexmetals sets out 2026 Selebi, Selkirk work programs

Executive Summary

• Nexmetals Mining Corp. outlines its 2026 technical work programs for the Selebi and Selkirk deposits in Botswana, focusing on resource expansion, metallurgical optimization, and advancing toward economic studies.
• The company confirms the completion of its CEO transition ahead of schedule, with Sean Whiteford assuming the role of Chief Executive Officer, succeeding Morgan Lekstrom.
• Key 2026 milestones include a 30,000-meter surface drilling program at Selebi Main, completion of a Mineral Resource Estimate (MRE) update for Selkirk in the first half of 2026, and a Preliminary Economic Assessment (PEA) for Selebi in the second half of 2026.

Key Details

• Leadership Transition: Sean Whiteford has officially become CEO; Morgan Lekstrom is thanked for his contributions. The transition was completed ahead of schedule.
• 2025 Achievements:
  • Secured unencumbered title to Selebi and Selkirk assets following milestone payment completion.
  • Strengthened balance sheet via strategic financings.
  • Advanced drilling to target the two-kilometer gap between Selebi Main and Selebi North deposits.
  • Completed successful bench-scale metallurgical testing of blended Selebi Main and North material, demonstrating potential for separate copper and nickel-cobalt concentrates.
  • Completed metallurgical drill program and core resampling at Selkirk.
• 2026 Selebi Mine Strategy:
  • Drilling: Initiated resource expansion program with approximately 30,000 meters of borehole electromagnetic (BHEM) surveying and drilling at Selebi Main.
  • Development: Continued underground development at Selebi North to establish access for future infill drilling.
  • Metallurgy: Refinement and optimization of the metallurgical flow sheet.
  • Milestones: Mineral Resource Estimate (MRE) update and Preliminary Economic Assessment (PEA) both planned for completion in the second half of 2026.
• 2026 Selkirk Mine Strategy:
  • Metallurgy: Continued flow sheet and locked cycle test work.
  • Milestones: MRE update planned for completion in the first half of 2026; PEA timing contingent on technical results.
• First Half 2026 Expectations:
  • Initial assay and BHEM results from the "Hinge program" targeting the gap between Selebi deposits.
  • Remaining assay and BHEM results from Selebi North underground drilling.
  • Metallurgical results from Selkirk flow sheet work.
  • Assay results from Selkirk resampling and airborne electromagnetic targets.
• Qualified Person: Sharon Taylor, VP of Exploration, MSc, PGeo, has reviewed and approved the scientific and technical information.

Notable Quotes

• Sean Whiteford, CEO: "This year represents an important step forward for the company as we move from foundational work into focused, data-driven resource growth and technical derisking across Selebi and Selkirk... We expect a steady flow of technical results throughout the year, and believe the work completed in 2026 will significantly advance the projects and fully establish the scale and opportunity of the Selebi and Selkirk deposits."