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Nimy Resources Advances Gallium Exploration with Successful Phase 2 Drilling

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Nimy Resources Advances Gallium Exploration with Successful Phase 2 Drilling

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Nimy Resources Limited ( (AU:NIM) ) has shared an announcement.

Nimy Resources Limited has successfully completed its Phase 2 drilling campaign at the Block 3 gallium project, with 9 out of 11 drill holes intercepting schist lithology, a key indicator of gallium mineralization. This development supports the potential for a continuous mineralized zone, prompting the commencement of Phase 3 drilling to explore further extensions of the gallium-bearing schist zone. The ongoing exploration efforts, including fieldwork and geological assessments, aim to expand the scale of the mineralized system, with initial assay results expected within three weeks. This progress positions Nimy Resources to advance its critical minerals discovery in Western Australia, potentially impacting its operations and industry standing.

More about Nimy Resources Limited

Nimy Resources Limited is a company operating in the mining industry, with a focus on the exploration and development of critical minerals. The company’s primary project is the Block 3 gallium prospect in Western Australia, where it aims to identify and develop high-grade gallium mineralization.

Average Trading Volume: 1,241,030

Technical Sentiment Signal: Buy

Learn more about NIM stock on TipRanks’ Stock Analysis page.

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