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NEXMBullishIndustry Newsnews

High materiality9/10

NexMetals expands Selebi North resource with 2026 MRE, signaling upside

Oct 20, 2026, 7:20 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The sizable increase in Indicated/Inferred resources, potential linkage between deposits, and ongoing funding/PEA activity can re-rate NEXM higher if economics are favorable; similar precedents occur when mid-stage miners publish expanded MREs and advancing PEAs, triggering upside ahead of Reserve declarations.

AI summary

What happened, with direct paths to the underlying reporting

The 2026 Selebi North MRE shows Indicated resources of 8.95 Mt at 1.03% Cu and 1.08% Ni, with Inferred of 9.48 Mt at 1.21% Cu and 1.13% Ni, signaling material upside since 2024. New drilling and geological work point to a possible link with Selebi Main and an intrusive keel, supporting continued PEA work and funding discussions.

2026 Selebi North MRE: Indicated 8.95 Mt at 1.03% Cu, 1.08% Ni.
Selebi North Inferred: 9.48 Mt at 1.21% Cu, 1.13% Ni.
South Limb toward Selebi Main suggests potential connection and expansion.
42,633 m drilling since 2024; ~20% Inferred converted to Indicated.
NSR inputs updated: Cu $5.10/lb, Ni $9.10/lb, Co $20.00/lb; US$75/t NSR.

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