NIMY Resources Essential Nickel

SNEAKY SQUIRREL

Initially brought to our attention in the review of historic ground magnetic responses that aligned with the gossanous outcropping discovered during field work, this along with previously drilled air-core results highlighted the copper-zinc mineralisation of the zone.

Our early work along with the historical data has given rise to the prospectivity of deeper VMS (volcanogenic massive sulphide) copper mineralisation within a magnetite-rich zone as seen at Golden Grove.

In addition, Nimy has early gold indications with Rock Chip samples returning up to 0.82g/t.

The Discovery

  • 34 rock chip samples returned highly anomalous values with copper up to 1099ppm, zinc up to 4,477ppm, gold up to 817ppb (0.82g/t), lead up to 512ppm, molybdenum up to 127ppm and bismuth up to 126ppm.
  • The surface gold anomalies (including sample NRR00050 Au @ 817ppb or 0.82 g/t) are restricted to an area of outcropping of quartz stockwork (laminated quartz with sulphide vugs) 45m east of the outcropping gossan.
  • Surface gossan copper-zinc anomalies have been returned along 93m of a 302m metre strike of intermittent outcropping; This outcrop remains open along strike.
  • Four RC holes drilled below the anomaly returned broad intersections of low-grade copper and zinc with a higher-grade core of anomalous copper-zinc sulphide mineralisation consistent with dip and orientation of outcropping gossan.

Drilling and Soil Sampling

  • Early soil sampling highlights include
  • Early RC drill highlights include:
    o NRRC161 – 8m @ 0.62%, Zn 557ppm Cu, 1.75% S from 183m
    o NRRC162 – 8m @ 0.21% Zn, 69ppm Cu, 0.26% S from 68m
    o NRRC162 – 4m @ 0.22% Zn, 336ppm Cu, 0.98% S from 128m
    o NRRC163 – 4m @ 0.11% Zn, 135ppm Cu, 0.42% S from 92m
    o NRRC163 – 4m @ 0.19% Zn, 153ppm Cu, 0.68% S from 108m
    o NRRC163 – 4m @ 0.10% Zn, 80ppm Cu, 0.40% S from 132m
    o NRRC164 – 4m @ 0.18% Zn, 464ppm Cu from 36m (oxide)
    o NRRC164 – 12m @ 0.15% Zn, 383ppm Cu, 0.62% S from 64m
  • Including 4m @ 0.31% Zn, 497ppm Cu, 1.04% S from 68m

The Prize (what are we looking for and why?)

Nimy believes the early indications being expressed at Sneaky Squirrel and the early discovery data from Golden Grove are remarkably similar.

As a result, we believe we are looking for a VMS (volcanogenic massive sulphide) system that possibly carries copper, zinc and the possibility of gold mineralisation.

Key Highlight

  • Rock chip sample with 0.82g/t gold
  • Copper, Zinc, lead, molybdenum and bismuth returned in early RC drilling as well as rock chip and soil sampling.
  • Historic magnetic data overlays with early drill, soil, rock chip and physical observations.

The Prize (what are we looking for and why?)

Nimy believes the early indications being expressed at Sneaky Squirrel and the early discovery data from Golden Grove are remarkably similar.

As a result, we believe we are looking for a VMS (volcanogenic massive sulphide) system that possibly carries copper, zinc and the possibility of gold mineralisation.

Key Highlight

  • Rock chip sample with 0.82g/t gold
  • Copper, Zinc, lead, molybdenum and bismuth returned in early RC drilling as well as rock chip and soil sampling.
  • Historic magnetic data overlays with early drill, soil, rock chip and physical observations.

2025 Exploration Goals

  • Additional magnetic surveys
  • Expanded soil sampling across the known anomaly and possible extensions
  • Air-core/Reverse Circulation exploration drill program
  • Geological mapping

The discovery of copper zinc anomalous gossans at Sneaky Squirrel validate the prospect as a serious VMS exploration target. Initial drill testing indicates copper zinc mineralisation continues within a highly magnetic zone at depth with striking similarities to the Golden Grove VMS copper, zinc, gold mines 200km northwest of Sneaky Squirrel.

Along with Masson, Vera’s Gossan and Block 3 the Mons Project greenstone belt is emerging as highly prospective for copper mineralisation.

Luke Hampson, Nimy Managing Director

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