NexMetals Mining Corp. (TSX-V: NEXM) (NASDAQ: NEXM) is pleased to announce that it has successfully intersected significant massive sulphide mineralization within a newly completed drill hole at Selebi North Underground, confirming the down-plunge continuity of mineralization. This intersection represents the thickest interval of mineralization drilled by NEXM in its 2025 resource expansion program and will be included in the future updated Mineral Resource Estimate. Assays are pending for SNUG-25-194 and an additional 2 holes.

Why this matters:

• SNUG-25-194 intersected 32.60 metres of continuous mineralization at Selebi North South Limb, including an aggregate total of 19.90 metres of massive sulphide across five sub-intervals. 

• True thickness is estimated at 60 – 65%, which is consistent with geological interpretations of the South Limb.

• Drill hole SNUG-25-194 was designed to bridge mineralization between two widely spaced resource expansion drill holes SNUG-25-184, located 183 metres down-plunge from the current MRE, and SNUG-25-186, a further 130 metre step-out (see news releases dated June 30 and August 13, 2025).

• The demonstrated continuity between these two major step-outs and results from additional strike step-outs from the resource expansion program can be incorporated into a future MRE update, supporting a potential expansion of the resource envelope.

Next Steps:

• Borehole electromagnetic surveys are planned to characterize the conductive trends associated with the newly intersected massive sulphides to confirm continuity and outline strike extent.

• Initial interpretations indicate that the new data will contribute to resource expansion in an updated MRE.

• Ongoing drilling to further demonstrate the scale, continuity, and expansion potential of the Selebi North deposit.

Figure 1: Location of drill holes relative to the MRE and underground infrastructure.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/268661_4dd38744a4b37b20_002full.jpg

Figure 2. Drill core photo SNUG-25-194 click here for full photos.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/268661_4dd38744a4b37b20_003full.jpg

Drill core photos for all holes reported herein, can be found on the Company’s website at www.nexmetalsmining.com.

To view the 3D modeling, please visit the following link https://vrify.com/decks/20239.

Morgan Lekstrom, CEO of the Company, commented: “This is a critical confirmation point for Selebi North. By bridging two major step-out holes and intersecting significant massive sulphide intervals, we have validated the down-plunge continuity and further strengthened our geological model. Once assays are received, these results will be incorporated into the updated MRE, reinforcing Selebi North’s scale, quality, and expansion potential.”

Qualified Person

All scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a “qualified person” for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.

Quality Control

The underground drilling program is being carried out through an agreement with Forage Fusion Drilling Ltd. of Hawkesbury, Ontario, Canada, who have provided three Zinex U-5 drills for purchase and training of local operators. Drill core samples are BQTK (40.7 mm diameter). All samples are ½ core cut by a diamond saw on site. Half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81).

Holes are numbered as follows: SNUG (Selebi North Underground) + year + hole number starting at 013.

Technical Report

The MRE on the Selebi Mine is supported by the technical report entitled “Technical Report, Selebi Mines, Central District, Republic of Botswana” and dated September 20, 2024 (with an effective date of June 30, 2024), and prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and is available on SEDAR+ (www.sedarplus.ca) under NEXM’s issuer profile.

About NexMetals Mining Corp.

NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana.

NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals’ team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company’s Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development.

For further information about NexMetals Mining Corp., please contact:

Morgan Lekstrom
CEO and Director
morganl@nexmetalsmining.com

Jaclyn Ruptash
V.P., Communications and Investor Relations
jaclyn@nexmetalsmining.com
1-833-770-4334

Follow Us 

X: https://x.com/NexMetalsCorp
LinkedIn: https://www.linkedin.com/company/NexMetalsMiningCorp
Facebook: https://www.facebook.com/NexMetalsMiningCorp