Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 39

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 39
---
 
     
    Expected
    Timing of Completion
     
    Anticipated
    Costs
  
    Exploration
    and Development

    Selebi
    Mines and Selkirk drill programs
     
    Ongoing,
    costs to September 30, 2025
     
    $3.3
    million to $3.7 million 
  
    Selebi
    Mines underground development
     
    Ongoing,
    costs to September 30, 2025
     
    $0.6
    million to $0.9 million 
  
    Capital
    expenditures(1)
     
    Ongoing,
    costs to September 30, 2025
     
    $0.8
    million to $1.2 million 
  
    Studies
    & Operating Costs

    Advancing
    project economics(2)
     
    Ongoing,
    costs to September 30, 2025
     
    $2.4
    million to $2.8 million
  
    Operating
    costs
     
    Ongoing,
    costs to September 30, 2025
     
    $3.6
    million to $3.9 million

Notes:

    (1)
    Includes
    mobile equipment refurbishments and electrical and communications equipment in support of drill programs and underground development.

    (2)
    Includes
    advancing project economics through further metallurgical sampling and testing, evaluation of XRT (“X-ray Transmission”)
    pre-concentration sorting, and related flowsheet design.

29

Readers
are cautioned that the above represents the opinions, assumptions and estimates of management considered reasonable at the date the statements
are made and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual
events or results to differ materially from those described above. See “Cautionary Note Regarding Forward Looking Statements”.

Mineral
Properties

The
information that follows relating to the Selebi Mines is derived from, and in some instances is an extract from, the Selebi Technical
Report Summary entitled “S-K 1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana” with
an effective date of June 30, 2024 and a signature date of December 17, 2024 prepared by SLR Consulting (Canada) Ltd. (the “Selebi
TRS”), prepared in compliance with the SEC’s Modernization of Property Disclosures for Mining Registrants