
Project UpdateJun 25, 2026, 07:56 AM
NexMetals Selkirk Project Mineral Resource Up 63% to 1.1B lbs CuEq
AI Summary
NexMetals Mining Corp. announced an updated Mineral Resource Estimate (2026 MRE) for its Selkirk Project in Botswana, significantly increasing its contained copper equivalent (CuEq) metal inventory by approximately 63%. The update establishes 1.1 billion pounds of CuEq in the Indicated category and 200 million pounds in the Inferred category, enhancing resource confidence and reducing development risk. Key drivers for the increase include improved metallurgical recoveries, the inclusion of cobalt, silver, and gold as payable metals, and an expanded mineralized envelope, leading to a reduced strip ratio of 1.02:1.
Key Highlights
- Selkirk Project's Indicated Mineral Resources total 1.1 billion pounds of CuEq.
- Indicated category includes 78.2 Mt grading 0.66% CuEq.
- Inferred Mineral Resources total 200 million pounds of CuEq, 15.1 Mt grading 0.60% CuEq.
- Contained copper equivalent metal inventory increased by approximately 63% from 2024 MRE.
- Strip ratio reduced to 1.02:1 from 1.65:1.
- Technical Report (NI 43-101) to be filed within 45 days.
Price Impact
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