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 Copper-Nickel-Cobalt-PGE assets in Botswana through aggressive resource expansion and metallurgical breakthroughs.
The most recent news (February 26, 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 at 7.31% CuEq (3.00% Cu and 2.09% Ni). This drilling confirms mineralization 130 metres down-dip from the existing Selebi Main resource and identifies a "Flexure Zone" where the system changes orientation, providing a clear target for significant resource expansion. Additionally, hole SMD-25-203 extended mineralization 685 metres beyond the current Mineral Resource Estimate (MRE).
The news is Material - Positive. It confirms that the high-grade system at Selebi Main is not only continuous but potentially expanding in a newly identified structural zone (the Flexure). - Resource Growth: Intersecting 7.31% CuEq over 11 metres significantly exceeds the average grades of many global nickel-copper deposits. Extending mineralization nearly 700 metres beyond the current MRE suggests a substantial increase in tonnage is likely in the H2 2026 update. - De-risking: The identification of the Flexure Zone provides a structural "roadmap" for future drilling, reducing exploration risk. - Contextual Success: This follows a string of positive results, including a metallurgical breakthrough (September 2025) that allows for separate copper and nickel concentrates, potentially eliminating the need for a costly on-site smelter.
NexMetals (formerly Premium Resources) is focused on the Selebi and Selkirk Cu-Ni-Co-PGE projects in Botswana. - Selebi Mines: Flagship project. Includes Selebi Main and Selebi North. Historically producing mines under care and maintenance. Current focus is on the "Hinge" area between the two deposits and down-plunge extensions. - Selkirk Mine: A past-producing open-pit/underground target with significant disseminated mineralization and high-grade massive sulphide potential.