Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.