NexMetals boosts Selebi main resource by 72% in Botswana
2026-10-12 10:58:34 [Print]
NexMetals Mining has reported a 72% increase in the Mineral Resource Estimate for the Selebi Main copper-nickel deposit in Botswana, with the updated resource now containing approximately 495,400 mt of copper.
The 2026 Selebi Main Mineral Resource Estimate totals 32.47 million mt in the Inferred category, grading 1.53% copper, 0.98% nickel and 0.05% cobalt. This compares with 18.89 million mt grading 1.69% copper and 0.88% nickel in the company's 2024 estimate.
Contained copper increased by 55% to 495,400 mt from 319,200 mt in the previous estimate, while contained nickel rose by 91% to 316,800 mt from 165,500 mt. Cobalt has also been included in the Selebi Main resource estimate for the first time, with approximately 16,200 mt of contained cobalt reported.
The 2026 Selebi Main Mineral Resource Estimate totals 32.47 million mt in the Inferred category, grading 1.53% copper, 0.98% nickel and 0.05% cobalt. This compares with 18.89 million mt grading 1.69% copper and 0.88% nickel in the company's 2024 estimate.
Contained copper increased by 55% to 495,400 mt from 319,200 mt in the previous estimate, while contained nickel rose by 91% to 316,800 mt from 165,500 mt. Cobalt has also been included in the Selebi Main resource estimate for the first time, with approximately 16,200 mt of contained cobalt reported.
Cobalt Tetroxide 73.5%min Delivered China
Unit:RMB/kg
China cobalt carbonate producers' inventory statistics by province by month
Unit: mt
