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Nimy Resources Limited ( (AU:NIM) ) has shared an announcement.
Nimy Resources Limited has announced the completion of its reverse circulation drilling program at the Block 3 gallium prospect in Western Australia, revealing high-grade gallium mineralization. The drilling campaign, which included 25 holes over 5,944 meters, successfully intersected high-grade gallium intervals, with mineralization open along strike and at depth. The results, which include significant gallium assays, position Nimy Resources to complete a maiden resource estimate in the coming quarter. The findings also suggest potential for volcanogenic-hosted massive sulphide base metal deposits, indicating broader exploration opportunities for the company.
More about Nimy Resources Limited
Nimy Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the exploration of gallium and other associated rare earth elements, with a significant project located in Western Australia.
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Technical Sentiment Signal: Buy
For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.