Gallium Discovery Raises Stakes but Pending Assays and Processing Risks Remain for Nimy
Nimy Resources reports impressive high-grade gallium assays from its Block 3 East drilling campaign, advancing towards a maiden JORC-compliant resource at the Mons Project. The company also strengthens its metallurgical research partnerships and secures fresh capital to fuel ongoing exploration.
- Completed 25 RC holes totaling nearly 6,000m at Block 3 East with peak gallium assays up to 462g/t Ga2O3
- Targeting maiden JORC Inferred Resource of 14.7Mt at 39-78g/t gallium
- Ongoing metallurgical test work with Curtin University and CSIRO to define processing pathways
- Exploration continues at Masson copper-nickel-PGE prospect with advanced geophysical studies
- Raised $2.75 million in capital to support resource definition and exploration activities
High-Grade Gallium Discovery Advances
Nimy Resources has delivered a significant update on its Mons Project in Western Australia, revealing high-grade gallium mineralisation from its recent Phase 2 and Phase 3 drilling programs at the Block 3 East prospect. The company completed 25 reverse circulation holes totaling nearly 6,000 meters, with assays from eight holes already reported and 17 more pending. Notably, peak assay results include an extraordinary 1 meter interval grading 462 grams per tonne of gallium oxide (Ga2O3), underscoring the prospect’s potential as a major new source of this critical metal.
The gallium mineralisation is hosted within chlorite schist zones of the newly discovered Mons greenstone belt, located about 370 kilometers northeast of Perth. The drilling results support Nimy’s ambition to define a JORC-compliant Inferred Resource estimated at 14.7 million tonnes with grades ranging between 39 and 78 grams per tonne of gallium. This resource estimate is targeted for release in the September quarter of 2025, marking a key milestone in the project’s development.
Strategic Research Partnerships Bolster Processing Pathways
To underpin the economic viability of the gallium discovery, Nimy Resources continues to collaborate with leading research institutions. Metallurgical test work is underway with Curtin University, focusing on ore characterisation and gallium recovery techniques. This partnership, supported by government funding, aims to develop viable extraction flowsheets that could unlock the full value of the high-grade mineralisation.
Simultaneously, the CSIRO is conducting mineral indicator studies to better understand the gallium’s host minerals and distribution within the rock matrix. Preliminary findings suggest that chlorite is the primary host, with gallium concentrations in chlorite ranging from 400 to 800 grams per tonne. These insights are critical for designing efficient processing methods and advancing the project towards commercialisation.
Broader Exploration and Market Positioning
Beyond gallium, Nimy is actively exploring the Masson prospect, which hosts copper, nickel, and platinum group elements (PGE). The company is employing advanced geological reviews and downhole electromagnetic surveys to target extensions of mineralisation at depth. This diversified exploration approach enhances the Mons Project’s multi-commodity potential.
On the market front, Nimy is engaging with potential offtake partners and financiers in the US and Europe, aiming to capitalise on the tightening global gallium supply driven by China’s export restrictions. This strategic positioning could provide the company with critical funding and market access as it advances its resource development.
Financial Position and Outlook
During the quarter, Nimy completed a $2.75 million capital raise through a placement of shares and options, strengthening its balance sheet to support ongoing drilling and research activities. The company ended the quarter with $2.074 million in cash and invested $894,000 in exploration and evaluation, primarily focused on drilling and technical studies. While no production activities occurred, the company remains well-funded to progress its strategic objectives.
With a robust drilling program, strong institutional partnerships, and a clear pathway to defining a maiden resource, Nimy Resources is positioning itself as a notable player in the critical minerals sector. The forthcoming JORC resource estimate will be a pivotal event, potentially unlocking significant value for shareholders and the broader market.
Bottom Line?
As Nimy Resources nears its maiden gallium resource, investors will watch closely for assay updates and metallurgical breakthroughs that could reshape the critical minerals landscape.
Questions in the middle?
- How will the pending assays from 17 drill holes impact the final JORC resource estimate?
- What are the anticipated timelines and outcomes for the metallurgical test work with Curtin University and CSIRO?
- How might Nimy’s discussions with international offtake partners influence project financing and market positioning?
