Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 62

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 62
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, and the original decline.

The
Selkirk Mine consists of a single mining licence covering an area of 1,458 hectares (14.58 km2) and four prospecting licences
covering a total of 12,670 hectares (126.7 km2). The mining licence, 2022/7L, is centred approximately at 21°19’13”
S and 27°44’17” E and is held by PNGPL, a subsidiary of NEXM. The mining licence was renewed for ten years commencing
on May 27, 2022, and expires on May 26, 2032. The four prospecting licences (PL050/2010, PL051/2010, PL210/2010, and PL071/2011) were
renewed during the first quarter of 2025 and will expire March 31, 2027.

On
January 31, 2025, the Company filed the Selkirk MRE in conformance with the SEC’s Modernized Property Disclosure Requirements for
Mining Registrants as described in Subpart 229.1300 of Regulation S-K, Disclosure by Registrants Engaged in Mining Operations (S-K 1300)
and Item 601(b)(96) Technical Report Summary, entitled “S-K 1300 Technical Report Summary, Selkirk Nickel Project, North East
District, Republic of Botswana” and dated January 8, 2025 (with an effective date of November 1, 2024) for its Selkirk Mine.

Selkirk
Mine Mineral Resource Estimate, November 1, 2024

    Tonnage  
    Grade  
    Contained Metal 
  
    Classification 
    (Mt)  
    (% Cu)  
    (% Ni)  
    (g/t Pd)  
    (g/t Pt)  
    (000 t Cu)  
    (000 t Ni)  
    (000 oz Pd)  
    (000 oz Pt) 
  
    Inferred 
     44.2  
     0.30  
     0.24  
     0.55  
     0.12  
     132  
     108  
     775  
     174 

The
key assumptions, parameters, and methods used to estimate the mineral resources are contained in the Selkirk TRS