Nimy Resources Uncovers New Gallium Potential at Block 3

Nimy Resources Limited ( (AU:NIM) ) has provided an announcement.

Nimy Resources Limited has discovered outcropping chlorite schist 480 meters east of its initial gallium find at the Block 3 site, indicating potential for additional near-surface mineralization. This discovery, associated with high-grade gallium, supports the expansion of known mineralized zones and highlights significant exploration potential, as only 10% of the prospect area has been explored. The company is nearing completion of its Phase II drilling and plans to expedite Phase III to test the new extension, aiming to establish a JORC-compliant resource. With a recent capital raise, Nimy Resources is well-positioned to continue its exploration efforts.

More about Nimy Resources Limited

Nimy Resources Limited is a mining company focused on the exploration and development of mineral resources, particularly gallium, in Western Australia. The company is engaged in aggressive exploration strategies to uncover large-scale mineral deposits, supported by strategic investors.

Average Trading Volume: 1,097,718

Technical Sentiment Signal: Buy

For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.