Nimy Resources Ltd (ASX: NIM) is pleased to announce that East Coast Research has initiated coverage on the Company, assigning a 12-month midrange price target of A$0.21 representing a 162% potential upside from the current share price.
The report follows the confirmation of the highest-grade gallium intersections ever recorded in Australia, located at Nimy’s Block 3 East discovery within the Mons Project in Western Australia. This recognition reinforces Nimy’s emerging position in the critical minerals sector and aligns with growing global interest in secure, high-grade gallium supply chains.
Overview of the Report
The East Coast Research report outlines Nimy’s strategic advantage as one of the few companies globally pursuing a standalone gallium project, rather than relying on byproduct recovery from bauxite or zinc operations. It notes the following highlights:
- Gallium grades up to 400 g/t, with exploration targets ranging from 9.6 Mt to 14.3 Mt at 39-78 g/t
- Validation from CSIRO confirming mineralisation in chloritized schist suggesting lower-cost processing potential
- The Mons Greenstone Belt is the first newly identified belt of its kind in WA in more than two decades
- Only 10% of the prospective area has been tested to date, pointing to strong upside potential
- Gallium demand is forecast to grow at a CAGR of 24.5% through to 2032, driven by its use in semiconductors, renewables, and defence technologies
Click here to access the full East Coast Research report, including detailed valuation modelling and exploration commentary.