NexMetals nearly triples Selebi North Indicated resources to 8.95 Mt
NexMetals updated its Selebi estimate: 8.95 Mt Indicated and 41.95 Mt Inferred. TradingView reports the figures from SEC filings.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
NexMetals has published its 2026 Mineral Resource Estimate for the Selebi project, reporting 8.95 million tonnes Indicated and 41.95 million tonnes Inferred. The main increase came at Selebi North, where Indicated resources nearly tripled to 8.95 million tonnes, grading 1.03% copper and 1.08% nickel.
Combined Inferred resources rose 70% from 2024 to 2,255 million pounds of copper equivalent. According to TradingView, about 20% of the previous Selebi North Inferred resources moved into the Indicated category after 42,633 metres of drilling. The estimate uses copper at $5.10 per pound, nickel at $9.10 and cobalt at $20.00, and includes metallurgical results.
New geological work suggests the South Limb of Selebi North turns toward Selebi Main, and magnesium-rich rocks point to a possible intrusive keel, which sets targets for further exploration.
why it matters
For copper and nickel markets, this mainly signals a larger resource base at a single project rather than an immediate change in supply. Moving resources into a higher-confidence category matters for future economic studies, but until production starts, the effect on metal prices stays limited.
tags
instruments
sources
- NexMetals nearly triples Selebi North indicated resources to 8.95Mt; 2026 MRE totals 8.95Mt Indicated, 41.95Mt Inferred — TradingView, 20 October 2026 at 21:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗