Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 85

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 2
Chunk 85
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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 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. (the “Selkrik TRS”), 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
52,000, the town is