Nexcel Metals Corp. Announces Engagement of Xcalibur for HeliTEM(R) Airborne Geophysical Survey at Burnt Hill Tungsten Project

Executive Summary

• Nexcel Metals Corp. has engaged Xcalibur MPH (Canada) Ltd. to conduct a high‑resolution HeliTEM® airborne electromagnetic and magnetic survey over its Burnt Hill Tungsten Project in New Brunswick.
• The survey, covering approximately 1,480 line‑kilometres with 100 m primary line spacing, is slated to begin around April 1, 2026 and will generate detailed conductivity models to define high‑priority drill targets for the planned 2026 drilling campaign.
• This work represents a key step in advancing Nexcel’s exploration strategy by refining subsurface targets, supporting geological modelling, and potentially expanding the resource base of Burnt Hill.

Key Details

• Contractor: Xcalibur MPH (Canada) Ltd., global leader in airborne geophysics.
• Survey Technology: HeliTEM® Time‑Domain Electromagnetic (TDEM) system combined with magnetic data acquisition.
• Technical Specs:
• Transmitter loop: 21 m diameter.
• Survey coverage: ~1,480 line‑km.
• Primary line spacing: 100 m; tie‑line spacing: 1,000 m.
• Line orientation: North–South (000°) primary lines; East–West (090°) tie lines.
• System Capabilities: Low‑noise receivers, square‑wave transmitter, low base frequencies (7.5‑15 Hz), ~300,000 Am² power, multi‑component (X,Y,Z) data collection.
• Quality Control Measures:
• Re‑flight criteria for positioning, noise, or data gaps.
• Noise thresholds: Z < 0.5 nT/s; X/Y < 1.5 nT/s.
• Terrain clearance tolerance ±15 m.
• Daily QC and real‑time data review.
• Logistics: Base of operations in Fredericton, NB with a fuel cache at the Burnt Hill site. Mobilization expected ~April 1, 2026.
• Deliverables to Nexcel: Processed TDEM datasets, magnetic data & derivatives, GIS‑compatible files, flight path data, and QC products ready for interpretation and target generation.
• Management Commentary: CEO Hugh Rogers highlighted the survey as a “key milestone” that could unlock deeper tungsten mineralization, emphasizing the strategic importance of tungsten to defense, aerospace, and advanced manufacturing.
• Next Steps: Integration of survey results into exploration workflow for target generation, resource expansion evaluation, and design of the 2026 drill program.

Notable Quotes

“Engaging Xcalibur to complete a high‑resolution HeliTEM® airborne survey is a key milestone for Nexcel as we advance Burnt Hill into its next phase of exploration,” – Hugh Rogers, CEO, Nexcel Metals Corp.

Materiality Assessment: Non‑Material – Positive (the announcement provides material operational insight but does not involve immediate financial impact or earnings guidance).