Nimy Resources Advances High-Grade Gallium Discovery in Western Australia

An update from Nimy Resources Limited ( (AU:NIM) ) is now available.

Nimy Resources Limited has announced significant progress in its Western Australia gallium discovery, particularly at Block 3 East, where high-grade gallium exploration targets have been identified. The company has entered into a Memorandum of Understanding with Curtin University for gallium research and signed a collaboration agreement with M2i to support the US Government’s Defense Industrial Base. With ongoing studies and planned drilling, Nimy aims to establish a maiden JORC Resource in 2025, enhancing its strategic positioning in the gallium market. Additionally, the company has completed a capital raise of $1.15 million and continues to conduct surface geochemical sampling across new and existing copper targets.

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 is primarily engaged in the discovery and advancement of gallium, copper, nickel, and PGE (platinum group elements) prospects in Western Australia. Nimy Resources is strategically positioned to meet the growing demand for non-Chinese gallium, with significant exploration activities and collaborations to enhance its market presence.

YTD Price Performance: 26.67%

Average Trading Volume: 675,025

Technical Sentiment Signal: Sell

See more data about NIM stock on TipRanks’ Stock Analysis page.