NexMetals Nearly Triples Selebi North Indicated Mineral Resources to 8.95 Million Tonnes and Increases Inferred Mineral Resources to 9.48 Million Tonnes
NexMetals nearly tripled the Selebi North Indicated Mineral Resource to 8.95 million tonnes grading 1.03% copper and 1.08% nickel, up 198% from 3.00 million tonnes in 2024. The combined Selebi Mines Inferred resource grew 70% to 41.95 million tonnes containing 2.3 billion pounds of copper equivalent, with new cobalt grades included for the first time. Some 42,633 metres of drilling since mid-2024 drove the growth and converted about 20% of prior Inferred tonnes to Indicated. New geology suggests a possible connection between Selebi North and Selebi Main at depth, including a potential intrusive keel.
Key figures
- Indicated grade cu
- 1.03%
- Indicated grade ni
- 1.08%
- Inferred cueq mlbs
- 2255
- Indicated cueq mlbs
- 412
- Inferred tonnage mt
- 41.95
- Indicated tonnage mt
- 8.95
- Drilling since 2024 m
- 42633
- Assumed price co usd lb
- 20
- Assumed price cu usd lb
- 5.1
- Assumed price ni usd lb
- 9.1
- Inferred tonnage change
- +70%
- Indicated tonnage change
- +198%
- Selebi north inferred mt
- 9.48
- Selebi north inferred change
- +63%
AI analysis
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