NexMetals triples resource estimate in Phikwe :: Mmegi Online

NexMetals has tripled the resource estimate at its Selebi North deposit to 8.95 million indicated tonnes with higher grades of copper and nickel as well the new inclusion of an estimate for cobalt, after a drilling campaign over tens of thousands of metres.

Selebi North and Selebi Main are the two main deposits that were being tapped by the former BCL Mine when it closed in 2016. NexMetals, formerly Premium Nickel Resources, snapped up the shafts, as well as Selkirk Mine from government, in a deal pegged at P837 million in 2022.

An update from the Canadian firm on Tuesday states that an extensive drilling campaign to update the 2024 mineral resource indicates that apart from the substantial increase in Selebi North’s indicated resources, the deposits inferred resource has risen to about 42 million tonnes from 24.7 million in the 2024 mineral resource estimate. Earlier this month,

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NexMetals triples resource estimate in Phikwe

NexMetals has tripled the resource estimate at its Selebi North deposit to 8.95 million indicated tonnes with higher grades of copper and nickel as well the new inclusion of an estimate for cobalt, after a drilling campaign over tens of thousands of metres.

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