The shipment, which is part of the collaboration agreement between Nimy and critical minerals specialist M2i Global, will be analysed to determine the best processing route.
Nimy Resources (ASX: NIM) is pleased to advise that the first shipment of ore from its Block 3 gallium deposit in WA has been shipped to U.S. Partners M2i Global.
Summary
- Nimy Resources has shipped its first high-grade gallium ore consignment from Western Australia to the U.S. under the collaboration agreement with U.S. listed company M2i Global
- M2i Global is a USA based company specialising in the development and execution of a complete global value supply chain for critical minerals
- The ore will be analysed to determine the optimum processing pathway to make it suitable for use in the U.S. defence and national securities industries
- This ore will be sent to selected academic institutions and a defence industrial base company which will determine the refining processes required to produce the desired product for their needs
- As part of this, it intends to establish a critical mineral reserve, creating a resilient supply chain that addresses the global shortage of essential minerals and metals
- This milestone process step supports future Western gallium supply chain security linking the resource to developing processing capability in the USA
- With a large JORC Resource of 2,700t of contained gallium, Nimy has already established critical scale, showing Block 3 at the Mons Project can be a significant supplier to western markets that are desperately trying to source non-Chinese gallium
- Focus is now on metallurgical work, including determining the optimum processing routes to prepare Nimy’s gallium for the desired end uses
- The analysis which will be conducted on this shipment of ore by various groups as part of the M2i arrangement will provide highly valuable information as Nimy considers development and offtake options
- Nimy and M2i Global collaborate on the development and supply of gallium from the Mons Project in Western Australia, which hosts a near-term JORC (Australasian Joint Ore Reserves Committee) compliant high grade gallium resource alongside other critical minerals, including rare earth elements
Nimy Managing Director Luke Hampson said:
We are delighted to announce the first shipment of gallium ore from our Mons Project to the United States under our collaboration agreement with M2i Global. The milestone validates the high-grade potential of our Block 3 discovery and marks the key step toward establishing a secure source of this
critical mineral for the Western supply chain. Distributing the material to leading academic institutions and defence industrial base companies for refining analysis will accelerate our path to commercial production. With ongoing expansion programs and a near-term, JORC compliant resource, Nimy is well positioned to deliver reliable gallium supply to support global semiconductor and defence needs. We look forward to further positive developments from this strategic partnership.”
This announcement has been approved for release by the Board of Nimy Resources.