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Nimy Resources Hits High-Grade Gallium

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Phase 2 drilling reveals wide gallium intersections at Block 3.

Nimy Resources (ASX: NIM) is garnering increased international attention following the latest assay results from Phase 2 drilling at its Block 3 project in Western Australia. The results revealed a hit of 462 grams per tonne of gallium. Nimy Resources is an Australian-based exploration company focused on discovering and developing significant mineral resources. The company’s primary focus is on its Mons project, prospective for nickel, lithium, and base metals.

Assays from the four most recent holes drilled at Block 3 have revealed extensive, high-grade gallium intersections. Mineralisation was encountered in each hole, stretching from the surface down to the end of the hole. These findings extend the known resource at Block 3 to an area of 450 metres by 300 metres, demonstrating significant continuity within the area.

Key assay results include 1 metre at 394 grams per tonne of gallium from 188 metres in hole NRRC138, 1 metre at 462 grams per tonne of gallium from 202 metres in hole NRRC140, and 4 metres at 140 grams per tonne of gallium from 4 metres in hole NRRC141. The company is awaiting results from an additional 17 holes and is continuing exploration efforts to expand the chlorite schist zone, which hosts the gallium mineralisation.

Managing director Luke Hampson noted that the latest results solidify the potential for Block 3 to become a standalone gallium project. Nimy is focused on accelerating its exploration and development strategy, aiming to position the Block 3 discovery as a key gallium source for rapidly expanding global markets. Analysts estimate the global gallium market will grow from $38.2 million in 2023 to $61.4 million by 2030, a compound annual growth rate of 7.0%.

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