Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 17

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 17
---
Note 9). The Company incurred $483,883 for care and maintenance during the
investigation period of the properties in 2023, which has been added to the acquisition cost of the Selebi Mines. The acquisition of
the Phikwe South and the Southeast Extension deposits has not yet closed as at May 13, 2025.

Both the Selebi Mines and Selkirk Mine are subject
to a royalty payable to the Botswana Government of 5% of all precious metals sales and 3% of all base metals sales.

General Exploration Expenses

Details of the general exploration expenses by
nature are presented as follows:

SCHEDULE
OF GENERAL EXPLORATION EXPENSES  

    Selebi $  
    Selkirk $  
    Other $  
    Total $ 

    Three months ended March 31, 2025 

    Selebi $  
    Selkirk $  
    Other $  
    Total $ 
  
    Drilling 
     684,092  
     -  
     -  
     684,092 
  
    Site operations, administration, and overhead 
     931,327  
     42,263  
     39,656  
     1,013,246 
  
    Infrastructure and equipment maintenance 
     710,929  
     -  
     -  
     710,929 
  
    Geology 
     567,974  
     26,535  
     -  
     594,509 
  
    Mine development 
     668,619  
     -  
     -  
     668,619 
  
    Electricity 
     863,913  
     4,356  
     -  
     868,269 
  
    Engineering and technical studies 
     842,773  
     11,679  
     -  
     854,452 
  
    Geophysics 
     226,810  
     -  
     -  
     226,810 
  
    Freight, tools, supplies, and other consumables 
     130,195  
     10,964  
     -  
     141,159 
  
    Health and safety 
     93,584  
     -  
     -  
     93,