Sep. 17 at 10:24 PM
$NEXM NexMetals (TSXV/NASDAQ: NEXM) has achieved a step-change at its past-producing Selebi Cu-Ni-Co mines in Botswana, creating the optionality to produce separate, saleable copper & nickel concentrates.
Why It Matters:
Eliminates potential need for a costly smelter build (>
$1B capex avoided).
Simplifies permitting & reduces environmental footprint.
Improves off-take flexibility & lowers execution risk.
Enables faster, cheaper, more efficient restart.
Initial Results (Bulk Sample, 95t):
Cu concentrate: 27.6% grade, 87% recovery.
Ni concentrate: 10.5% Ni, 55.9% recovery + 0.59% Co @ 64.7% recovery.
CEO Morgan Lekstrom: “This is the largest transformational step forward for the Selebi Mines… we now have the optionality to generate two separate saleable concentrates, reducing or removing the need for a smelter.”
https://www.reddit.com/r/CanadaStocks/comments/1njr1d5/nexmetals_unlocks_major_metallurgical/