Nimy Resources (ASX:NIM) Quarterly Activities and Cashflow Report
Nimy Resources Limited (ASX:NIM)
Advancing High-Grade Gallium Discovery at Mons Project
Highlights
■ Block 3 East – Gallium Discovery
o Phase 2 & Phase 3 – Drilling completed – 25 RC Holes for a total of 5,994m.
o 8 RC hole assays reported (17 holes pending) with a peak value of 1m @ 462g/t Ga₂O₃ in NRRC140 from 202m.
o Targeting the development of a JORC compliant Inferred Resource from high-grade gallium Exploration Target comprising 14.7Mt at a range of 39g/t - 78g/t Ga;
o MoU with Curtin University on gallium research continued Block 3 metallurgy and processing pathways.
o CSIRO Mineral Indicator Study on gallium, ongoing, preliminary results pending.
o Drilling and metallurgy results will underpin a maiden JORC Resource in September Quarter 2025.
■ Masson – Copper-Nickel-PGE Prospect
o Multiple studies ongoing, including lithology geology review, and CSIRO Mineral Indicator Studies.
o Planning for a diamond drill hole targeting the open downdip extension of Masson, utilising Downhole EM to target the Cu-Ni-PGE mineralization at depth
■ M2i Collaboration & gallium market positioning- Nimy continued discussions with potential U.S. and European offtake partners and funding counterparties to capitalise on global gallium demand, driven by China’s export restrictions.
■ Exploration Targeting – Interpretation of the Mons greenstone belt and the development of the exploration pipeline targets continued in the quarter.
■ Surface Sampling – UltrafineTM surface geochemical sampling continued across new prospective target areas and extensions on existing high-priority copper targets.
■ Capital Raise – During the quarter, the Company completed a $2.75m capital raise (before costs).
■ Cash at bank – $2.074m as at 30 June 2025.
To read the announcement, please click here
Key Facts:
For more information, please contact:
Nimy Resources Limited
Richard Moody
[email protected]
(08) 9261 4600
About us:
About Nimy Resources
Nimy Resources is a Western Australian exploration company that has prioritised the development of its recently discovered Mons Belt, situated 370km north-east of Perth and 140km north-northwest of Southern Cross a Tier 1 jurisdiction in Western Australia.
The Mons Belt represents a district scale discovery, spanning ~80km x 30km over 17 tenements and covering ~3005km2 north of the Forrestania greenstone belt. The Mons Belt provides a new and exciting frontier in critical metal exploration in Western Australia, the company is currently working with the CSIRO to advance the lithology and mineralisation types within one of Australia's newest greenstone belt discoveries in the Yilgarn Craton, a region with significant untapped potential.
Nimy Resources believes the Mons Belt offers multi commodity potential with the initial discovery of Masson (Cu, Ni, Co, Au & PGE's) in addition to Block 3 east prospect with high-grade gallium (Ga) discovered in the northern tenements.
In addition to these discoveries, the southern tenements have significant fertile komatiite sequences like those found in the Kambalda region of WA.
The Mons Belt is a district scale discovery with a land holding consisting of 17 approved tenements covering an 80km north/south strike of mafic and ultramafic sequences.