Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 40

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 40
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 set forth in
subpart 1300 of Regulation S-K.

The
information that follows relating to the Selkirk Mine is derived from, and in some instances is an extract from, the Selkirk Technical
Report Summary entitled “S-K 1300 Technical Report Summary, Selkirk Nickel Project, North East District, Republic of Botswana”
with an effective date of November 1, 2024 and a signature date of January 8, 2025 prepared by SLR Consulting (Canada) Ltd., prepared
in compliance with the SEC’s Modernization of Property Disclosures for Mining Registrants set forth in subpart 1300 of Regulation
S-K.

The
qualified persons of SLR Consulting (Canada) Ltd. meet the qualifications specified under the definition of “qualified person”
under Item 1300 of Regulation S-K. Portions of the following information are based on assumptions, qualifications and procedures which
are not fully described herein. Reference should be made to the full text of the Selebi TRS and Selkirk TRS, which have been included
as Exhibit 96.1 and 96.2 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, respectively.
In the event that we determine that any modifying factors, estimates and other scientific and technical information in the reports materially
change, we may update or file a new technical report in the future. The Selebi Mines and Selkirk Mine are exploration stage properties.

Selebi
Mines, Botswana

The
Selebi Mines are located in Botswana approximately 150 km southeast of the city of Francistown, and 410 km northeast of the national
capital Gaborone. The Selebi Mines are readily accessed via paved and gravel roads from the town of Selebi-Phikwe, located just north
of the mining licence. With a population of approximately 43,000, the town is accessed via a well-maintained paved road that branches
due east from the major A1 highway at the town of Serule, 57 km from the Selebi Mines.

The
Selebi Mines infrastructure includes two previously operating mines, Selebi Main (#2 Shaft) and Selebi North (#4 Shaft), and associated
surface infrastructure.

The
Selebi Mines consist of a single mining licence covering an area of 11,504 hectares. The mining licence is centred approximately at
22°03’00”S and 27°47