Nimy Resources advances Mons gallium project with major extensions and U.S. market push

Nimy Resources Limited ( (AU:NIM) ) just unveiled an announcement.

Nimy Resources has identified significant extensions to its Block 3 gallium deposit at the Mons Project in Western Australia, with geophysics indicating the host unit extends 3.5km beyond the current resource and remains open at depth. The current JORC resource stands at 2,700 tonnes of contained gallium trioxide within a 400m corridor, with exploration targets outlining substantial conceptual upside in both gallium and rare earth mineralisation.

During the March quarter, the company commenced a Scoping Study on Block 3, advanced metallurgical test work to produce a high-grade gallium concentrate and shipped high-grade gallium test material to the U.S. for market development. Nimy also joined a Western Australian critical minerals delegation to the U.S., is designing new drilling and geophysical programs across its copper, nickel and multi-element targets, and ended the quarter with $5.13m in cash to fund continued exploration and project studies.

More about Nimy Resources Limited

Nimy Resources Limited is an Australian exploration company focused on the Mons Project in Western Australia, targeting critical and base metals including gallium, rare earths, copper, nickel, gold and other strategic minerals. The company aims to position itself within the growing critical minerals supply chain, including potential participation in the U.S. market for gallium products.

Average Trading Volume: 1,216,182

Technical Sentiment Signal: Sell

Current Market Cap: A$21.21M

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