RETRANSMISSION: NexMetals Reports 11.05 Metres of 7.31% CuEq in SMD-25-205 Located 130 Metres Down-Dip from the Selebi Main Resource Within the Emerging Selebi Main Flexure Zone
Advancing high-grade critical metals projects in Botswana through resource expansion and metallurgical breakthroughs.
The most recent news (March 02, 2026) reports high-grade drill results from the Selebi Main Flexure Zone in Botswana. Key highlights include hole SMD-25-205, which intersected 11.05 metres of 7.31% CuEq (3.00% Cu and 2.09% Ni). This mineralization is located 130 metres down-dip from the current Selebi Main resource. Additionally, hole SMD-25-203 extended the mineralized system 685 metres beyond the current Mineral Resource Estimate (MRE) boundaries. These results confirm a newly interpreted "Flexure Zone" and suggest significant potential for resource growth in the upcoming 2026 MRE update.
The news is Material - Positive. - Resource Expansion: Intersecting 7.31% CuEq over 11 metres is an exceptional grade for a base metal project. Extending the system nearly 700 metres beyond the current MRE significantly increases the potential tonnage of the project. - Geological Validation: The confirmation of the "Flexure Zone" provides management with a high-probability target for further drilling, reducing exploration risk. - Strategic Context: These results follow a massive $80M CAD financing (Nov 2025) and the securing of unencumbered title to the assets (Dec 2025). The company is now proving that the capital raised is being deployed effectively to grow the asset base. - Operational Continuity: The results are in line with, and exceed, the "Hinge" program expectations set in early 2025, showing that the Selebi Main and Selebi North deposits may indeed be part of a much larger, continuous system.
NexMetals (formerly Premium Resources) is focused on the redevelopment of the Selebi and Selkirk mines in Botswana. - Flagship Project: Selebi Mines (Selebi Main and Selebi North). - Stage: Resource expansion/Pre-feasibility. - Key Advantage: Existing infrastructure (shafts and declines) allows for lower-cost exploration and faster potential restart. A recent metallurgical breakthrough allows for separate Cu and Ni concentrates, potentially eliminating the need for a costly on-site smelter.