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An update from Nimy Resources Limited ( (AU:NIM) ) is now available.
Nimy Resources has completed its Phase 2 and Phase 3 drilling programs at the Block 3 Gallium Prospect in Western Australia, marking a significant step towards establishing a high-grade gallium deposit. The drilling campaign, which included 25 holes over 5,944 meters, is expected to lead to a maiden resource estimate in the December quarter of 2025. With assays from the first four holes showing high-grade results and more results pending, the company anticipates a steady stream of updates, reinforcing its strategic positioning in the gallium market.
More about Nimy Resources Limited
Nimy Resources Limited is a company operating in the mining industry, focusing on the exploration and development of high-grade gallium deposits in Western Australia. The company is dedicated to capitalizing on the global demand for critical metals, particularly gallium.
Average Trading Volume: 1,410,757
Technical Sentiment Signal: Buy
Find detailed analytics on NIM stock on TipRanks’ Stock Analysis page.