Nimy Resources Unveils High-Grade Gallium Resource at Mons Project

A Landmark Resource Announcement

Nimy Resources has delivered a maiden JORC Inferred Resource at its Mons Project in Western Australia, revealing a high-grade gallium deposit with significant rare earth elements. The resource estimate stands at 7.23 million tonnes grading 102 grams per tonne of gallium oxide (Ga2O3) and 538 parts per million of total rare earth oxides (TREOs), translating to 740 tonnes of contained gallium trioxide and 3,890 tonnes of contained TREOs. This milestone positions Nimy as a potential key supplier to Western markets seeking critical minerals.

Exploration Advances and Geological Insights

The company has completed extensive surface soil sampling and a high-resolution airborne magnetic survey over approximately 30 square kilometres around the Block 3 gallium discovery. These efforts aim to extend the known mineralisation and refine geological models. Notably, the gallium and rare earth mineralisation remains open at depth and along strike, with exploration targets suggesting potential for up to 26 million tonnes at 100g/t Ga2O3 and 100 million tonnes at 810ppm TREO, though these remain conceptual at this stage.

Alongside gallium, Nimy has advanced exploration at the Masson copper-nickel-PGE discovery and the Sneaky Squirrel copper-zinc-gold prospect. Both areas have benefited from soil sampling and airborne geophysical surveys, with ongoing interpretation expected to enhance targeting strategies.

Strategic Partnerships and Funding Strength

Nimy’s collaboration with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) under the Kick-Start program is a notable highlight. This partnership focuses on regolith research to develop geomorphic models that improve exploration confidence for gallium within the Mons Project. The integration of machine learning and scientific expertise aims to produce a regolith atlas, a valuable tool for refining exploration targeting.

Financially, Nimy closed the quarter with a strong cash position of $6.157 million, bolstered by a successful Share Purchase Plan that raised $4.887 million, significantly exceeding initial targets. Additionally, the company received a $1.38 million research and development tax refund, supporting ongoing exploration and development activities.

Looking Ahead

Upcoming work includes designing a drill program once current data analyses are complete, continuing metallurgical test work and process flow sheet development for the gallium resource, and extending exploration targets beyond the maiden resource. Nimy is also progressing efforts to engage with the US market for potential gallium product sales, reflecting the strategic importance of this critical metal.

With a substantial tenement package covering a newly discovered greenstone belt spanning 80 by 30 kilometres, Nimy Resources is carving out a multi-commodity exploration frontier in Western Australia. The company’s methodical, science-based approach underscores its commitment to creating shareholder value while advancing critical mineral supply chains.