The latest survey indicates the unit which hosts the already substantial Resource of 2,700t of contained gallium continues for another 3.5km; Plus, Nimy in talks to access $1.2B Federal Government critical minerals fund.
HIGHLIGHTS
- A high-resolution magnetic survey indicates that the host unit at the Block 3 gallium deposit extends along strike for 3.5km beyond the current JORC Resource boundary
- The resource of 2,700t of contained gallium trioxide sits within a 400m corridor and is open
- The survey shows there is potential for a huge increase in the inventory along this corridor
- There is also immense scope to grow the resource at depth, with the current resource estimate based only on material located within the oxide and transition zones down to a maximum ~100m
- Exploration Targets were defined to a combined total of 26Mt at 100g/t Ga₂O₃ and 100Mt at 810ppm TREO. (ASX release 13/11/2025)
- Nimy has started discussions with the relevant Federal Government departments about accessing the Government’s new $1.2B critical minerals strategic reserve fund
- Strategic Metallurgy Pty Ltd appointed to complete metallurgical test work on the gallium resource to produce a high-grade concentrate
NOTE: The Exploration Target quantities and grades are conceptual in nature. Insufficient exploration has been conducted to estimate Mineral Resources and it is uncertain if further exploration would result in the estimation of Mineral Resources.
Upcoming work
- Metallurgical test work preparations and initial procedures are underway to begin work on a highgrade gallium concentrate
- Advance co-operation with U.S. partners M2i Global to establish supply chain into US market
- Assessment and prioritisation of new high-grade gallium targets to add to current high-grade resource inventory
- Advance discussions with Federal Government departments about securing funding for developing the Block 3 critical metals potential
Nimy Managing Director Luke Hampson said:
The high resolution aeromagnetic survey at Block 3 has identified the potential for substantial growth in the high-grade gallium resource.
The survey indicates that the unit which hosts the resource extends for up to 3.5km. This is more than eight times longer than the strike length of the existing resource. We are also rapidly advancing key metallurgical testwork which is aimed at producing a bulk concentrate sample. Success on this front would create significant value for Nimy and ensure the Company is very well-positioned to become a key supplier of much-needed gallium to western markets.
At the same time, we are in talks with Federal Government departments about securing funding for Block 3 via the recently announced $1.2B critical minerals strategic reserve. We believe the fact that Block 3 has a JORC resource, is high-grade and close to surface will help the project meet the eligibility criteria”.
This announcement has been approved for release by the Board of Nimy Resources.