The results will underpin a maiden Resource as part of Nimy’s strategy to supply gallium to the US under its collaboration agreement with critical minerals specialist M2i Global
Key Points:
- Nimy’s Block 3 high-grade gallium discovery is open in all directions;
- Upcoming drilling program will step out from the established high-grade zone and test 400m west along strike;
- Resistivity depth imaging (RDI) has outlined a 900m x 300m footprint west along strike of Block 3 East, with coincident IP and soil anomaly;
- Drilling is designed to extend the +100g/t (ppm) gallium saprock & +150g/t (ppm) gallium high-grade fresh rock zones;
- R/C drilling samples to be used for metallurgical test work;
- Technical studies to be undertaken to test gallium extraction methods as part of a JORC mineral resource estimate;
- M2i Global Collaborative Partnership is planning to accelerate development of Nimy’s high-grade gallium project;
- The drilling program follows Nimy’s recent collaboration agreement with US listed M2i Global; M2i specialises in the development and execution of a complete global value supply chain for critical minerals for the US Government and US free trade partners; M2i Global CEO addressed the collaboration agreement in a recent interview; Investors can view Mr Rosendo’s interview below.
Nimy Managing Director Luke Hampson said:
The geophysics survey shows there is huge scope to grow the Block 3 gallium discovery. The impending drilling program will aim to extend the known mineralisation 400m along strike. These results will be used to help calculate a maiden JORC Resource estimate. The demand for gallium from non-Chinese sources is reflected in our recent collaboration agreement with M2i Global. We aim to capitalise on this opportunity by growing and advancing the Block 3 discovery, helping to ensure that Nimy becomes a key gallium supplier to the US”.