Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 14

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 14
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 ortho-magmatic nickel-copper sulphide-type deposits. They are hosted within amphibolite
and understood as a tectono-metamorphically modified tholeiitic magma parents with an immiscible sulphide melt which has undergone all
the phases of deformation that have affected the enclosing gneisses. They form part of the Selebi-Phikwe belt of intrusions that also
contain the Phikwe, Dikoloti, Lentswe, and Phokoje deposits.

All
mineralization horizons pinch and swell, are conformable to the gneissic foliation, and are hosted within or at the hanging wall contact
of amphibolite with the gneissic country rocks. Mineralization horizons range in thickness from very thin to over 20 m thick and are
commonly one to three metres thick (deposit dependent). Orientation follows country rock foliation, and the zones can dip moderately
to steeply, and can extend from 150 m to over 2,000 m.

The
principal sulphide minerals are pyrrhotite, chalcopyrite, and pentlandite which occur in massive, semi-massive, and disseminated form.
Pyrite occurs as localized overgrowth. Magnetite occurs as rounded inclusions in massive sulphides and as later overgrowths.

Selebi
Mines Mineral Resource Estimate, June 30, 2024:

    Tonnage  
    Grade  
    Contained Metal 
  
    Classification 
    Deposit 
    (Mt)  
    (% Cu)  
    (% Ni)  
    (000 t Cu)  
    (000 t Ni) 
  
    Indicated 
    Selebi North 
     3.00  
     0.90  
     0.98  
     27.1  
     29.5 

    Total Indicated 
     3.00  
     0.90  
     0.98  
     27.1  
     29.5 
  
    Inferred 
    Selebi Main 
     18.89  
     1.69  
     0.88  
     319.2  
     165.5 

    Selebi North 
     5.83  
     0.90  
     1.07  
     52.5