en.Wedoany.com Reported - On June 24, Canada's Nex Metals Mining announced the latest resource assessment results for its Selkirk Project in Botswana, Africa. The project's indicated resources have increased to 78.2 million tonnes, with a copper equivalent grade of 0.66%, containing approximately 1.1 billion pounds (about 500,000 tonnes) of copper equivalent metal. Additionally, there are inferred resources of 15.1 million tonnes, with a copper equivalent grade of 0.60%, corresponding to approximately 200 million pounds (about 90,000 tonnes) of copper equivalent metal.

The company stated that compared to the 2024 resource estimate, the total copper equivalent metal inventory of the project has increased by 63%, primarily due to improved metallurgical recovery rates and the inclusion of metals such as cobalt, silver, and gold in the payable metal calculation. Nex Metals Mining believes that with the expansion of resource scale, the Selkirk Project has transformed from a minor auxiliary asset with limited value in the company's portfolio into a strategically significant multi-metal critical mineral asset, with significantly enhanced development potential. The project is located approximately 75 kilometers northeast of the company's flagship Selebi Project. Both mines historically produced copper, cobalt, and nickel, and the company has been advancing the redevelopment of these two mines since 2019. The mining license area for the Selkirk Project covers 14.6 square kilometers, while the Selebi Project's mining license area spans 115 square kilometers.

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