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Selebi Main resource estimate grows 72%, now holds 495,400 tonnes copper and 316,800 tonnes nickel

Market News
01 Oct 2026, 14:00 WIB
Newsfile Corp
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Bullish
Selebi Main resource estimate grows 72%, now holds 495,400 tonnes copper and 316,800 tonnes nickel

NexMetals Mining updated its Selebi Main mineral resource estimate, showing a 72% increase in tonnage to 32.47 million tonnes with 495,400 tonnes of copper and 316,800 tonnes of nickel. This growth is mainly due to new drilling in the Flexure Zone and includes cobalt for the first time. The company is finalizing the Selebi North resource estimate, expected soon, which will further clarify the overall scale of the Selebi Mines. Recent drilling suggests additional growth potential beyond current estimates, supporting NexMetals' ongoing development plans.

NexMetals' updated mineral resource estimate shows a 72% increase in tonnage at Selebi Main. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 01, 2026 17:01 WIB: of 38 priced US stocks, 18 rose and 19 fell. SLI was up 1.64% at USD 1.86 with a typical hold time of 22 days, RIO declined 1.48% to USD 92.78, and SCCO dropped 1.37% to USD 199.87 with a 60-day hold time.

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