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

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 10
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 of the Phikwe South and the Southeast Extension deposits.

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.

    14

Notes to the Unaudited Condensed Interim Consolidated Financial Statements

For the three and six months ended June 30, 2025 and 2024

(Expressed in Canadian dollars)

General
Exploration Expenses - Details of the general exploration expenses by nature are presented as follows:

SCHEDULE
OF GENERAL EXPLORATION EXPENSES  

    Selebi $  
    Selkirk $  
    Other $  
    Total $  
    Selebi $  
    Selkirk $  
    Other $  
    Total $ 

    Three months ended June 30, 2025  
    Three months ended June 30, 2024 

    Selebi $  
    Selkirk $  
    Other $  
    Total $  
    Selebi $  
    Selkirk $  
    Other $  
    Total $ 
  
    Drilling 
     3,034,485  
     703,233  
     -  
     3,737,718  
     1,008,650  
     -  
     -  
     1,008,650 
  
    Site operations, administration, & overhead 
     1,362,912  
     344,208  
     113,086  
     1,820,206  
     1,274,300  
     101,418  
     47,682  
     1,423,400 
  
    Infrastructure & equipment maintenance 
     731,349  
     -  
     -  
     731,349  
     908,023  
     -  
     -  
     908,023 
  
    Geology 
     451,862  
     303,536  
     -  
     755,398  
     705,639  
     23,742  
     -  
     729,381 
  
    Mine development 
     708,170  
     -