Gallium Drilling Complete, But Resource Potential Still Unfolding for Nimy
Nimy Resources has wrapped up a major drilling campaign at its Block 3 Gallium Prospect in Western Australia, setting the stage for a maiden resource estimate by year-end. Early assays reveal promising high-grade gallium, fueling optimism amid growing global demand for this critical metal.
- Completion of Phase 2 and 3 RC drilling totaling 5,944 metres across 25 holes
- Initial assays from four holes confirm high-grade gallium mineralisation
- Further assay results pending from remaining 21 holes
- Maiden resource estimate targeted for December 2025 quarter
- Part of broader exploration within the newly discovered Mons Belt
Drilling Milestone at Block 3
Nimy Resources (ASX, NIM) has successfully completed its Phase 2 and Phase 3 reverse circulation drilling programs at the Block 3 Gallium Prospect, located in Western Australia's Mons Belt. The campaign involved 25 holes drilled to a combined depth of 5,944 metres, designed to both infill and extend the previously defined exploration target announced earlier this year.
Early assay results from the first four holes of Phase 2 have returned high-grade gallium, a critical metal increasingly sought after for its applications in electronics and renewable energy technologies. These encouraging results have bolstered the company's confidence as it awaits assays from the remaining 21 holes drilled during the campaign.
Strategic Importance of Gallium and the Mons Belt
Gallium's role in emerging technologies such as semiconductors and solar panels has elevated its strategic value globally. Nimy Resources is positioning itself to capitalise on this demand by advancing the Block 3 prospect towards a maiden resource estimate, expected in the December quarter of 2025.
The Block 3 prospect lies within the Mons Belt, a significant new greenstone belt discovery spanning approximately 80 by 30 kilometres. This district-scale project offers multi-commodity potential, including copper, nickel, cobalt, gold, and platinum group elements, alongside gallium. The company’s collaboration with research institutions like CSIRO and Curtin University underscores its commitment to a science-driven exploration approach.
Looking Ahead
Managing Director Luke Hampson highlighted the importance of the drilling completion, stating that it marks a major milestone in Nimy’s strategy to establish a substantial high-grade gallium deposit. The steady flow of assay results expected in the coming weeks will be critical in shaping the maiden resource and guiding the company’s next steps.
While the initial results are promising, the full extent and grade of the deposit remain to be confirmed as assays from the majority of holes are still pending. Investors and analysts will be watching closely for these updates, which will provide greater clarity on the project's commercial viability.
Bottom Line?
Nimy Resources’ drilling success at Block 3 sets the stage for a pivotal resource estimate that could unlock significant value in the critical gallium market.
Questions in the middle?
- What will the remaining assay results reveal about the size and grade of the gallium deposit?
- How might global gallium demand and pricing trends impact Nimy’s development plans?
- What role will ongoing research collaborations play in advancing the Mons Belt’s exploration potential?
