Nimy targeting maiden gallium JORC Resource with upcoming infill drilling program
High-grade gallium already outlined over 160m strike, starts at surface and remains open
Nimy Resources (ASX:NIM) is pleased to advise of its intention to establish a maiden JORC Resource at its high-grade gallium discovery at Block 3 East within the Mons Project in WA. Results from a recently completed soil sampling program at Block 3 East have extended the mineralised footprint and the potential size of the gallium system and will underpin upcoming step-out drilling..
Highlights
- Soil geochemistry outlines an anomalous surface area of approx. 900m x 650m with a maximum value of 48ppm Ga₂O₃.
- Nimy now targeting maiden gallium JORC Resource with upcoming infill drilling program.
- High-grade gallium in drilling already outlined over 160m strike, starting at surface.
- Initial discussions with potential industry partners commenced.
Nimy plans to undertake an infill drilling program in January, paving way for completion of the resource. Nimy’s decision to establish a Resource follows preliminary approaches to the Company from two overseas groups which have expressed strong interest in securing offtake rights to the Block 3 East gallium.
Nimy reported strong gallium assays from drilling conducted at Block 3 East in the previous quarters (see ASX releases dated April 18, 2024 and October 9, 2024).
Gallium, which is used in several cutting edge technologies, including powerful semiconductor chips, is on the US critical minerals list.
China has a near-monopoly on the supply of gallium and has slashed exports of the crucial metal following strict limitations imposed by the Chinese Government last year.
Nimy Executive Chairman Luke Hampson said:
We know we have a high-grade gallium discovery which runs from surface in a tier one location. Drilling has encountered high grade mineralisation over a 160m strike length and it remains open. We have also intersected high-grade gallium in two drill holes 220m to the west. Soil sampling indicates significant potential to keep growing the size of the discovery. Given the strong interest from potential partner groups, we intend to establish a JORC Resource, which will help underpin these discussions.”
