Project UpdateAug 7, 2026, 05:41 PM
NexMetals Files Selkirk Project NI 43-101 Report; MRE Up 70%
AI Summary
NexMetals Mining Corp. announced the filing of an independent National Instrument 43-101 technical report for its Selkirk Project in Botswana. The report supports the 2026 Mineral Resource Estimate, which outlines an Indicated Mineral Resource of 78.2 million tonnes grading 0.66% copper equivalent (1.1 billion pounds CuEq) and an Inferred Mineral Resource of 15.1 million tonnes grading 0.60% CuEq (200 million pounds CuEq). This update reflects a 70% increase in the Selkirk Project's CuEq metal inventory and a significant conversion of resources from the Inferred to Indicated category. The company plans to file a related Regulation S-K 1300 compliant technical report soon.
Key Highlights
- Filed independent NI 43-101 technical report for Selkirk Project in Botswana.
- Indicated Mineral Resource: 78.2M tonnes grading 0.66% CuEq (1.1B lbs CuEq).
- Inferred Mineral Resource: 15.1M tonnes grading 0.60% CuEq (200M lbs CuEq).
- Selkirk Project's CuEq metal inventory increased by approximately 70%.
- Significant conversion of Mineral Resources from Inferred to Indicated category.
- Technical report effective date: June 22, 2026.
- Company plans to file a related Regulation S-K 1300 compliant technical report.
Price Impact
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