December 2024 Quarterly Report

Nimy Resources (ASX:NIM) is pleased to announce the release of the December 2024 Quarterly Report.

Highlights
  • The focus of the quarter’s activities was the drilling and exploration activities at Masson Cu-Ni-PGE Prospect and the Block 3 East Gallium Prospect.
  • Masson Prospect – Copper-Nickel-PGE
    • Diamond drill hole assays returned high-grade copper and extended the depth of copper mineralisation.
    • Molybdenum of assays in R/C and Diamond drilling of up to 800ppm over 4m identified as a copper pathfinder.
    • Anomalous molybdenum Ultrafine+TM soil samples and coincident VTEM anomalies extend the copper target zone at Masson a further 1.4km to the north and 700m south along strike.
  • Block 3 East – Gallium
    • R/C Drilling – follow up drilling of the high-grade gallium targets confirms world class grade mineralisation.
    • Ultrafine+TM soil samples extend the surface footprint of the gallium zone.
    • Interpretation of IP survey and aerial magnetics in line with updated soil samples.
    • Release of the high-grade gallium Exploration Target – post quarter end.
  • CSIRO Critical Mineral Indicator Study commenced, and CSIRO Kick-start grant secured.
  • Ultrafine+TM surface geochemical sampling continued across new prospective target areas and extensions on existing high-priority copper targets.
  • During the quarter, the Company completed a $678k capital raise (before costs) and received an R&D Refund of $1.12m.
  • Cash at bank of $730k as of 31 December 2024.

 

Figure 1 – Cross-section view of Masson discovery holes, with Cu(Eq) >0.2%

 

Figure 2 – Masson Prospect Soil sampling (assays received and pending) over heat map showing a molybdenum trend, relative to Masson discovery and VTEM anomaly trend.

 

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Block 3, copper, CSIRO, Gallium, Masson, Mons Belt

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