NexMetals Selebi Main mineral resource rises 72% to 32.47 million tonnes
NexMetals reported an updated Mineral Resource Estimate for Selebi Main, one deposit at its past-producing Botswana copper-nickel-cobalt mine, with 32.47 million tonnes in the Inferred category, up 72% from the Selebi Main portion of its 2024 estimate. The Selebi North estimate is still in progress and is not included, and the filing says the resource is not a mineral reserve and may never be mined economically.
Key points
- Selebi Main tonnage rose to 32.47 million tonnes, grading 1.53% copper and 0.97% nickel, versus 18.89 million tonnes in the 2024 estimate.
- Contained copper increased 55% to 495,400 tonnes and contained nickel increased 91% to 316,800 tonnes; cobalt is now included.
- The company reported approximately $10.5 million in cash at September 30, 2026.
- A NI 43-101 Technical Report is to be filed within 45 days of the October 1, 2026 release.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.