Nimy Resources Delivers Maiden High-Grade Gallium Resource at Mons Project and Strengthens Exploration Pipeline

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

Nimy Resources has reported a maiden JORC Inferred Resource at its Block 3 prospect within the Mons Project, outlining 7.23Mt at 102g/t gallium trioxide and associated rare earth oxides, with the resource potentially expanding to 64.3Mt at a lower cut-off grade and remaining open along strike and at depth. During the quarter, the company advanced its broader exploration program with high-resolution airborne magnetic surveys over both the gallium and Masson copper-nickel-PGE discoveries, extensive multi-element soil sampling, and commencement of a CSIRO-supported regolith research study to refine gallium targeting, while shoring up its balance sheet via a $4.887m share purchase plan, an R&D refund, and $6.157m cash to fund upcoming drilling, metallurgical test work, expanded gallium and rare earths exploration, and development of US market opportunities for future gallium product sales.

The most recent analyst rating on (AU:NIM) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Nimy Resources Limited stock, see the AU:NIM Stock Forecast page.

More about Nimy Resources Limited

Nimy Resources Limited is an ASX-listed exploration company focused on the Mons Project in Western Australia, targeting critical and base metals including gallium, rare earth elements, copper, nickel, platinum group elements (PGE), gold and zinc. The company aims to position itself as a key supplier to Western markets, particularly in strategic minerals such as gallium and rare earths, through systematic exploration, resource delineation and metallurgical development.

Average Trading Volume: 935,591

Technical Sentiment Signal: Sell

Current Market Cap: A$22.27M

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