Nimy Resources Strikes High-Grade Gallium and Copper at Mons, Targets US Market

A Breakthrough Quarter at Mons

Nimy Resources has delivered a landmark update from its Mons Project in Western Australia, advancing its position in the critical minerals sector with compelling exploration results and strategic partnerships. The company’s recent reverse circulation drilling campaign at Block 3 has intersected high-grade gallium mineralisation, with 18 of 25 holes reporting intervals exceeding 100 grams per tonne of gallium oxide (Ga₂O₃). This success has triggered the commencement of a maiden Inferred JORC resource estimate, expected in the December quarter of 2025.

Gallium, a metal critical to modern electronics and emerging technologies, is gaining attention globally, and Nimy’s discovery positions the company as a potential new supplier. The company has also signed Memorandums of Understanding (MOUs) with US-based M2i Global, aiming to supply gallium concentrate into the United States. These agreements are designed to facilitate access to US government funding programs and establish offtake arrangements, aligning with strategic supply chain security initiatives.

Expanding the Mons Portfolio – Copper, Nickel, and Precious Metals

Beyond gallium, Nimy’s exploration at the Masson prospect has uncovered highly conductive electromagnetic plates near a significant magnetic anomaly, suggesting a large and potentially rich copper-nickel-platinum group elements (PGE) system. This geophysical breakthrough could explain the source of previously identified shallow mineralisation and opens new targets for deeper drilling.

Meanwhile, the Sneaky Squirrel prospect has revealed extensive gossanous outcrops with copper, zinc, gold, lead, molybdenum, and bismuth mineralisation. The geochemical signature closely resembles the world-class Golden Grove volcanogenic massive sulphide (VMS) deposit, hinting at significant upside potential. Drilling beneath the outcrop returned broad zones of low-grade copper and zinc with a higher-grade core, consistent with the surface geology and mineralisation orientation.

Corporate Developments and Capital Raising

On the corporate front, Nimy appointed Bruce Stewart as a Non-executive Director, bringing three decades of global capital markets experience, particularly in mining and hard assets. The company also announced the resignation of executive director Christian Price, marking a shift in its leadership team.

Financially, Nimy successfully raised $1.72 million through a strongly oversubscribed placement during the quarter, followed by a $4.88 million share purchase plan post-quarter. These funds are earmarked to accelerate exploration and resource development activities across the Mons Project, including metallurgical test work and further drilling campaigns.

Challenges and Outlook

Despite these positive developments, Nimy disclosed it is defending a writ of summons alleging breach of a placement agreement, with claims exceeding $3.7 million. The company disputes the claim and is seeking legal advice, adding a layer of uncertainty to its near-term outlook.

Looking ahead, Nimy plans to deliver its maiden high-grade gallium resource estimate, advance metallurgical processing studies, and expand exploration targets for gallium, rare earths, and base metals. Airborne magnetic surveys and surface geochemical sampling will support these efforts, alongside ongoing engagement with US government entities and potential offtake partners.