Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 297

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1C
Chunk 297
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2013. As at the date of this Report, the Company holds
a 100% interest in the Post Creek property and is obligated to pay advances on a net smelter return of $10,000 per annum, which will
be deducted from any payments to be made under the net smelter return.

The
Post Creek property lies adjacent to the Whistle Offset Dyke Structure which hosts the past–producing Whistle Offset and Podolsky
Cu-Ni-PGM mines. Post Creek lies along an interpreted northeast extension of the corridor containing the Whistle Offset Dyke and Footwall
deposits and accounts for a significant portion of all ore mined in the Sudbury nickel district and, as such, represents favourable exploration
targets. Key lithologies are Quartz Diorite and metabreccia related to offset dykes and Sudbury Breccia associated with Footwall rocks
of the Sudbury Igneous Complex which both represent potential controls on mineralization.

No
exploration work was completed in 2024 on the Post Creek Property. The claims have sufficient work credits to keep them in good standing
until 2027. No material expenditures or activities are contemplated on the Post Creek property at this time.

Halcyon
Property

The
Halcyon property is located 35 kilometres northeast of Sudbury in the Parkin and Aylmer townships and consists of 62 unpatented mining
cells for a total of 1,024 hectares. Halcyon is adjacent to the Post Creek property and is approximately two kilometres north of the producing
Podolsky Mine of FNX Mining. The property was acquired through an option agreement and as at the date of this Report, the Company holds
a 100% interest in the Halcyon property and is obligated to pay advances on a net smelter return of $8,000 per annum, which will be deducted
from any payments to be made under the net smelter return.

No
exploration work was completed on the Halcyon Property in 2024. The claims are in good standing through 2027. No material expenditures
or activities are contemplated on the Halcyon property at this time.

Quetico
Property

The
Quetico property is located within the Thunder Bay Mining District of Ontario and consisted of 99 claim cells in two
blocks. Cells were acquired to assess: (a) the Quetico Sub-province corridor, which hosts intrusions with Ni-Cu-Co-PGM mineral