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.

