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Nimy Resources Limited ( (AU:NIM) ) has shared an update.
Nimy Resources Limited has announced high-grade gallium results from the first four holes of its Phase 2 drilling program at the Mons Project in Western Australia. These results indicate a continuation of high-grade gallium mineralization, suggesting the potential for a significant resource that could meet part of the Western world’s supply needs. The company plans to calculate a maiden resource by the December quarter, with ongoing exploration to identify further extensions of the mineralized system.
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 particularly involved in the extraction of gallium, a metal with increasing global demand.
Average Trading Volume: 1,303,683
Technical Sentiment Signal: Buy
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