Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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
For a thorough assessment of NIM stock, go to TipRanks’ Stock Analysis page.