NexMetals Reports Final Drill Results from Its 2025 Selebi North Underground Program; Confirms High-Grade Continuity with 18.80 Metres of 4.69% CuEq (2.10% Cu and 1.26% Ni)
Botswana’s Brownfield Revival Gains Momentum as High-Grade Copper-Nickel Intercepts Expand Resource Footprint
The most recent news (April 01, 2026) reports the final drill results from the 2025 Selebi North Underground (SNUG) program. Key highlights include hole SNUG-25-197, which returned 18.80m @ 4.69% CuEq. This result is significant as it extends the South Limb footprint by approximately 315m down-plunge and suggests a 35% increase in tonnage compared to the 2024 Mineral Resource Estimate (MRE). This follows a string of positive results from the Selebi Main Flexure Zone (March 2026) and wide intercepts at Selkirk (March 19, 2026), including 180.8m of 1.31% CuEq.
The impact is Material - Positive. The 2025/2026 drilling campaign has successfully achieved three critical objectives: - Resource Expansion: Confirmed that mineralization at Selebi North and Selebi Main extends significantly beyond previous models (315m+ down-plunge). - Grade Continuity: Maintained high-grade copper-nickel-cobalt profiles (often >4% CuEq) in massive sulphide intervals. - De-risking: Secured unencumbered title to the assets via an $80M raise and milestone payment, while metallurgical tests confirmed the ability to produce saleable concentrates without an on-site smelter. The transition from visual "massive sulphide" reports in March to confirmed high-grade assays in April validates management's geological model and sets a high floor for the upcoming Q2 2026 MRE update.
NexMetals is focused on the redevelopment of the Selebi and Selkirk mines in Botswana. - Selebi Mines: A former producer with significant underground infrastructure (shafts and declines). Flagship status is driven by high-grade copper-nickel massive sulphides. - Selkirk Mine: A large-scale, lower-grade disseminated deposit with open-pit potential and significant PGE (Palladium/Platinum) upside.