Ryder(US:R) TMX Newsfile·2026-03-19 09:00Core Viewpoint - Nexcel Metals Corp. has engaged Xcalibur MPH (Canada) Ltd. to conduct a high-resolution HeliTEM® airborne electromagnetic and magnetic survey over its Burnt Hill Tungsten Project in New Brunswick, Canada, marking a significant step in its exploration strategy [1][10]. Survey Overview & Objectives - The airborne survey aims to identify high-conductance base and precious metal mineralization, focusing on deep conductive bodies that may extend known tungsten mineralization at Burnt Hill [4]. - Mobilization for the survey is expected around April 1, 2026 [2]. Survey Specifications - The survey will cover approximately 1,480 line-kilometers with a primary line spacing of 100 meters and tie-line spacing of 1,000 meters [8]. - The survey will be operated from Fredericton, New Brunswick, utilizing advanced GPS navigation systems for precise coverage [5]. HeliTEM® System Capabilities - Xcalibur's HeliTEM® system is recognized as one of the most advanced airborne EM systems globally, effective for identifying deep, high-conductance targets critical for tungsten and associated mineral systems [6]. Quality Control & Data Integrity - The survey will adhere to rigorous industry standards, including comprehensive safety management and daily quality control to ensure data integrity [7]. Data Processing & Deliverables - The company will receive processed geophysical data to refine subsurface targets, support geological modeling, and define high-priority drill targets for its planned 2026 drill campaign [9][8]. Management Commentary - The CEO of Nexcel emphasized that this survey is crucial for advancing the Burnt Hill project, aiming to unlock additional tungsten mineralization at depth, which is increasingly strategic in various industries [10]. Next Steps - The results from the airborne survey will be integrated into Nexcel's exploration workflow, supporting the company's ongoing exploration efforts [11].