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Nimy Resources Limited ( (AU:NIM) ) has shared an announcement.
Nimy Resources has commenced a Phase 2 drilling program at its Block 3 gallium prospect in Western Australia, aiming to extend the known high-grade mineralization and develop a Maiden JORC Resource. This initiative is part of the company’s strategy to define a world-class gallium deposit, supported by ongoing metallurgical testing at Curtin University, which could significantly impact its market positioning by meeting the growing demand for gallium.
More about Nimy Resources Limited
Nimy Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary product is gallium, a metal used in electronics and other high-tech applications. Nimy Resources is working on expanding its market presence by developing high-grade gallium deposits in Western Australia.
Average Trading Volume: 716,206
Technical Sentiment Signal: Buy
See more insights into NIM stock on TipRanks’ Stock Analysis page.