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NIM - Nimy Resources

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Nimy Resources Limited, via its wholly owned subsidiary Nimy Pty Ltd, holds a 100% interest in the Mons Nickel Project, which sits in the western portion of the Yilgarn Craton in the heart of Western Australia. The Yilgarn Craton is in a tier-one mining jurisdiction, hosting substantial nickel, gold and other resources. The Mons Nickel Project tenements are located 140km north of Southern Cross and north-west of the internationally famous Kambalda nickel district.

Within that larger setting the Mons Nickel Project is situated at the northern end of the Forrestania nickel belt, which hosts a world-scale nickel endowment at the southern end with numerous other high-grade nickel deposits extending to the north.

Nimy’s maiden drill campaign commenced in October 2020, with a total of 20 RC holes being drilled to approximately 200m depth. 16 holes in that program intersected substantive widths of nickel mineralisation with mineralisation in many instances ongoing at end of hole. Mineralisation is consistent with komatiite mineralisation and proved the region fertile for nickel sulphide mineralisation.

It is anticipated that NIM will list on the ASX on 22 November 2021.

 
Listing date22 November 2021 12:30 PM AEDT ##
Company contact detailshttps://nimy.com.au/
Ph: +61 8 9261 4600
Principal ActivitiesMining exploration
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeNIM
Capital to be Raised$7,500,000
Expected offer close date10 November 2021
UnderwriterNot underwritten. Raven Corporate Management Pty Ltd (Lead Manager)
 
A diamond hole at Nimy's Mons Project in WA intersected 54m of nickel-copper sulphides from 118m.

... up 25 per cent. A market cap of $14M

Nimy executive director Luke Hampson says the intersection of 54m of substantial sulphide mineralisation is “clearly a game-changer for Nimy”.

Importantly, the result is entirely consistent with the conductor plates we have modelled using geophysics,” he says.

In light of this result, we are moving quickly to do DHEM and FLEM surveys to gain further understanding of the size of the intrusive and to locate related anomalies around and below the discovered sulphide zone.”
.
since listing at 20c
Screenshot_20231025-123012_CommSec.jpg
 
December 8, 2023
  • Nimy Resources (ASX:NIM) has hit nickel copper on-site at its WA-based MONS project
  • However, low grades and short intersections have caused a 25 per cent selloff in the stock today
  • Those low-grade small intersections also came in at considerable depth for a microcap
  • Management is bullish on the case for a widespread mineral system underground
 
Screenshot_20250518_130130_CommSec~2.jpg

.
March 2025 Quarterly Report
- Nimy takes key steps to grow and
advance WA
gallium discovery
- Nimy ideally placed to capitalise on the strong demand for non-Chinese gallium

Highlights
■ Block 3 East – Gallium Discovery
o Release of the high-grade gallium Exploration Target comprising 14.7Mt at a range of 39g/t - 78g/t Ga; This is considered very high-grade by global comparisons.
o MoU with Curtin University on gallium research to progress Block 3 metallurgy and processing pathways.
o CSIRO Mineral Indicator Study on gallium underway, preliminary results pending.
o Follow-up drilling program set to start in early May.
o Drilling and metallurgy results will underpin a maiden JORC Resource in 2025.
■ Masson – Copper-Nickel-PGE Prospect
o Multiple studies underway – lithology geology review, structure review and CSIRO Mineral Indicator Studies.
■ M2i Agreement - Nimy signed a non-binding Collaboration Agreement with M2i to assist in the development and supply of gallium in support of the US Government and the Defense Industrial Base.
■ Curtin University Agreement - Nimy signed a non-binding Memorandum of Understanding with Curtin University to collaborate on advancing gallium-related research, development, and production.
■ 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 $1.15m capital raise (before costs).
■ Cash at bank of $935k as at 31 March 2025.

01 May. ..Block 3 gallium discovery in WA.
■ The study undertaken by CSIRO characterised high-grade fresh rock samples from Block 3 Prospect, confirming the presence of gallium mineralisation in a chloritised schist.

13 May... ASX query
If the answer to question 1 is “no”, is there any other explanation that NIM may have for the recent trading in its securities?
The Company notes an article released by
The East Coast Research today mentioning the massive discovery of highest-grade gallium intervals by Nimy Resources in WA’s newest Greenstone Belt, and that gallium prices are poised to benefit from supply chain disruptions and demand across industries.

14 May
■ Nimy Resources has commenced a Phase 2 drilling program at the high-grade Block 3 Gallium prospect.
■ The drill program will support the development of a Maiden JORC Resource.
■ Drilling is aimed at testing the Block 3 gallium exploration target, defined on the 28th of January, extending the known high-grade mineralisation along strike and down dip.
 
TH pending an announcement with regards to a proposed material capital raise.

Investor presentation out

The Mons Belt is located in the famed Yilgarn Craton in Western Australia, a world class Tier 1 mining district.
- High-grade gallium discovered at Block 3 in April 2024, peak value of 1m @ 495 Ga₂O₃. (ASX Copper Rare Earth and Gallium at Block 3 18/04/24)
- Follow-up drilling has confirmed extended depth and grade. Infill and step-out drilling planned for immediate mobilisation to aid in establishing a JORC.
- A small fraction of the total target area drill tested.+350 soil samples have delivered a mean of 30ppm Ga₂O₃ increasing the target zone significantly.
- China produces in excess of 98% of the worlds Gallium and has banned exports to the U.S.
- Military & defence spending rapidly growing, other exponential growth areas include semiconductor & AI.
 
TH pending an announcement with regards to a proposed material capital raise.
$0.115

Nimy completes $2.75m share placement to fund exploration at WA gallium discovery.. ...at an issue price of 8.5 cents each .... sophs and profs
 


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