Nexmetals Mining Corp. · TSXV:NEXM
Nexmetals Mining — Investor Presentation (October 2026)
27 slides from Nexmetals Mining's investor presentation, October 2026
Slide 1: Redeveloping a District-Scale Critical Metals Camp
REDEVELOPING A DISTRICT-SCALE CRITICAL METALS CAMP TSX-V: NEXM | NASDAQ: NEXM nexmetalsmining.com OCTOBER 2026 | INVESTOR PRESENTATION
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation (the “Presentation”) is to be used by the recipient for informational purposes only and does not purport to be complete or contain all of the information that may be material to the current or future business, operations, financi
Slide 3: Important Cautionary and Other Information
IMPORTANT CAUTIONARY AND OTHER INFORMATION Caution Regarding Historic Data Certain scientific and technical information in this Presentation, including historic data compilation at the Selebi and Selkirk projects, are historic in nature. Reference should be made to the full text of the Selebi Techni
Slide 4: District-Scale Redevelopment Opportunity in One of the World's Leading Mining Jurisdictions
DISTRICT-SCALE REDEVELOPMENT OPPORTUNITY IN ONE OF THE WORLD'S LEADING MINING JURISDICTIONS TOP MINING JURISDICTION IN AFRICA Ranked #1 in Africa, and 7th globally1 PAST-PRODUCING & PERMITTED Cu-Ni-Co-PGE MINES New 2026 Selebi Main MRE: 32.47 Mt @ 1.53% Cu, 0.98% Ni (Inf) with 2026 Selebi North MRE
Slide 5: A Stable Foundation for Long-Term Value Creation
BOTSWANA A STABLE FOUNDATION FOR LONG- TERM VALUE CREATION AFRICA’S MOST ATTRACTIVE MINING JURISDCTION AND RANKED #7 GLOBALLY — FRASER INSTITUTE (2025) LOW RISK JURISDICTION Long history of rule-of-law, competitive tax rates, no foreign exchange restrictions, and no required government free carry. S
Slide 6: A Foundation Decades in the Making
BUILDING NEXMETALS A FOUNDATION DECADES IN THE MAKING MINE HISTORY 1970s 1980s 1989 2015 2016 2017 Discovery & Selebi underground Selkirk underground BCL smelter Ceases all BCL liquidation development by production production begins failure production BCL begins Significant Growth in Established NEX
Slide 7: Selebi Mines: A Large-Scale, High-Grade Opportunity
SELEBI MINES: A LARGE-SCALE, HIGH- GRADE OPPORTUNITY • 115 km² mining lease • Ortho-magmatic nickel-copper sulphide-type deposits • Historic cumulative production of: Selebi Main (1980 – 2016): ≈ 26 Mt mined Selebi North (1990 – 2016): ≈ 14 Mt mined
Slide 8: Extensive Brownfield Infrastructure to Support Future Redevelopment
SELEBI MINES EXTENSIVE BROWNFIELD INFRASTRUCTURE TO SUPPORT FUTURE REDEVELOPMENT Selebi North (#4 Shaft) Underground Massive sulphide Twin Airport and to 733 m level development stope declines paved roads Selebi Main (#2 Shaft) Cable belt conveyor Office buildings Rail and power Skilled workforce to
Slide 9: 2026 MRE Highlights Significant Growth at Selebi Main with Selebi North Pending
SELEBI MINES 2026 MRE HIGHLIGHTS SIGNIFICANT GROWTH AT SELEBI MAIN WITH SELEBI NORTH PENDING 9
Slide 10: 91% of Resource Growth Attributed to Recent High-Grade Mineralization in the Flexure Zone
SELEBI MAIN 91% OF RESOURCE GROWTH ATTRIBUTED TO RECENT HIGH- GRADE MINERALIZATION INTERSECTED IN THE FLEXURE ZONE FIVE DRILL RIGS CURRENTLY ACTIVE FROM SURFACE ~200m wide-spaced drilling continues to confirm a robust and laterally extensive mineralized system A series of thick, high-grade intersect
Slide 11: Underground Drilling Confirms Scale and Continuity Beyond the 2024 MRE
SELEBI NORTH UNDERGROUND DRILLING CONFIRMS SCALE AND CONTINUITY ~315 METRES BEYOND THE 2024 MRE WITH THE 2026 MRE PENDING 9,656 METRES OF DRILLING COMPLETED Highlight Intercepts Beyond the 2024 MRE Hole ID Length (m) CuEq% South Limb extended SNUG-24-114 21.30 4.14 ~315m down-plunge, including 13.80
Slide 12: Selebi Mines Metallurgical Breakthrough
SELEBI MINES SELEBI MINES METALLURGICAL BREAKTHROUGH UNLOCKING ABILITY TO PRODUCE SEPARATE HIGH-GRADE SALEABLE COPPER & NICKEL-COBALT CONCENTRATES KEY POINTS: • Largest underground bulk sample from Selebi ASSAYS RECOVERIES (%) Mines with representative material selected for Product Ni Co Fe S metall
Slide 13: Selkirk Mine: An Emerging Open-Pit Development Asset
SELKIRK MINE: AN EMERGING OPEN-PIT DEVELOPMENT ASSET • Mining license spans ~14.6 km², with an additional 126.7 km² across four surrounding prospecting licenses • Historical production by Tati Nickel Mining Company: ~1 Mt at 1.5% Cu and 2.6% Ni (1989–2002) • Shallow, laterally extensive mineralizati
Slide 14: Updated Mineral Resource Positions Selkirk for Advancement
SELKIRK MINE UPDATED MINERAL RESOURCE POSITIONS SELKIRK FOR ADVANCEMENT NEW 2026 MINERAL RESOURCE ESTIMATE SHOWS 70% INCREASE, ENHANCING SCALE AND OPEN PIT DEVELOPMENT POTENTIAL • 70% Increase in New 2026 MRE: • 1.1 Blb CuEq Indicated Resource – 78.2 Mt grading 0.66% CuEq • 200 Mlb CuEq Inferred Res
Slide 15: Selkirk Mine Metallurgical Breakthrough
SELKIRK MINE SELKIRK MINE METALLURGICAL BREAKTHROUGH RESULTS CONFIRM SEPARATE HIGH-GRADE SALEABLE COPPER & NICKEL CONCENTRATES, IMPROVED RECOVERIES, AND SIGNIFICANT PGE CREDITS 2026 Blue Coast Research with Large Diameter HQ Core ASSAYS RECOVERIES (%) VALIDATED PROCESSING PATHWAY • Initial Locked Cy
Slide 16: Positioned for Value Realization in 2026
UPCOMING CATALYSTS POSITIONED FOR VALUE REALIZATION IN 2026 DATA DRIVEN ECONOMIC MODELING RESOURCE GROWTH OPTIMIZATION UNLOCKING DISTRICT SCALE UPSIDE 2026 SELEBI SELKIRK ✓ Completion of • Ongoing surface drilling ✓ Completion of 34-hole ✓ Metallurgical testing underground drilling at and BHEM targe
Slide 17: Combined Scale Rivals Peers at a Deep Discount
VALUE PROPOSITION VS. DEVELOPERS COMBINED SCALE RIVALS PEERS AT A DEEP DISCOUNT $1,253 MARKET CAPITALIZATION $764 (CAD$M)4 $310 $96 150 MINERAL 15.1 Mt RESOURCES Lion Zone 78.2 Mt 100 (MT)1,2 0.6 Mt Selkirk7 4.1 Mt Inferred 29.3 Mt 50 0.87 Mt M&I 50.4 Mt Nisk Main Probable 5.6 Mt 2.0 Mt 38.3 Mt Sele
Slide 18: Capital Structure
CAPITAL STRUCTURE CAPITAL STRUCTURE TOP SHAREHOLDERS* Share Price (September 30, 2026) $2.68 * Approximate percentages based on public disclosure Basic Shares Outstanding 35,654,164 Warrants 9,127,796 42.7% Tradeable Warrants1 14,035,100 Other Institutions 21.3% Options 903,883 RSUs 478,086 DSUs 243
Slide 19: Management
EXPERIENCED DISCOVERY FOCUSED OPERATORS MANAGEMENT Sean Whiteford Brett MacKay CEO & Director CFO & SVP Finance • 30+ years in global mining, with multi-commodity • 18 years in mining finance, including expertise across exploration, mining, and project studies. senior roles at Lundin Mining • Held s
Slide 20: Board of Directors
TRUSTED AND EXPERIENCED BOARD OF DIRECTORS Paul Martin Sean Whiteford André van Niekerk CEO & DIRECTOR 23 years of mining industry CHAIRMAN leadership, including CFO roles at 30+ years of global mining expertise Gatos Silver, Nevada Copper, and Over 30 years of executive leadership across exploratio
Slide 21: The Next Major Critical Metals Player
THE NEXT MAJOR CRITICAL METALS PLAYER PERMITTED & PROVEN: EXPLORATION UPSIDE: TIER-ONE JURISDICTION: BUILT-IN ADVANTAGE: Past-producing Cu-Ni-Co-PGE Untested EM plates along 2 km Botswana – safe, stable, mining- Two shafts, grid power, water, rail Mines corridor between and below Selebi friendly. Es
Slide 22: Appendix
Appendix TSX-V: NEXM | NASDAQ: NEXM 22
Slide 23: ESG Commitment & Impact
ESG COMMITMENT & We are committed to a sustainable future, aligning with ESG principles to drive economic prosperity, protect the environment, IMPACT and enrich our communities. Advancing responsible mining, promoting innovation, and ensuring a brighter future for Botswana and its people. Economic P
Slide 24: Updated NI 43-101 Mineral Resource Estimate on the Selebi Main Deposit
EFFECTIVE DATE: SEPTEMBER 28, 2026 UPDATED NI 43-101 MINERAL RESOURCE ESTIMATE ON THE SELEBI MAIN DEPOSIT Tonnage Grade Contained Metal Classification Deposit (Mt) Cu (%) Ni (%) Co (%) Cu (kt) Ni (kt) Co (kt) Total (Mlbs CuEq) Selebi Main 23.52 1.61 1.05 0.05 377.9 247.5 12.8 1,365 Upper Zone Inferr
Slide 25: Initial NI 43-101 Mineral Resource Estimate on the Selebi North Deposit
EFFECTIVE DATE: JUNE 30, 2024 INITIAL NI 43-101 MINERAL RESOURCE ESTIMATE ON THE SELEBI NORTH DEPOSIT Tonnage Grade Contained Metal Classification Deposit Mt % Cu % Ni kt Cu kt Ni Indicated Selebi North 3.0 0.90 0.98 27 29 Inferred Selebi North 5.8 0.90 1.07 52 62 Notes: 1. CIM (2014) definitions we
Slide 26: Updated NI 43-101 Mineral Resource Estimate on the Selkirk Mine
EFFECTIVE DATE: JUNE 22, 2026 UPDATED NI 43-101 MINERAL RESOURCE ESTIMATE ON THE SELKIRK MINE Grade Tonnage NSR Grade Ni Cu Co Pt Pd Au Ag Classification (Mt) (US$) CuEq (%) (%) (%) (%) (g/t) (g/t) (g/t) (g/t) Indicated 78.2 56 0.66 0.21 0.23 0.012 0.10 0.42 0.05 0.72 Inferred 15.1 51 0.60 0.18 0.21
Slide 27: Contact Us
Contact Us +1 866-NEXM (6396) info@nexmetalsmining.com TSX-V: NEXM | NASDAQ: NEXM 27
NexMetals Mining — Investor Presentation (October 2026) on 6ix