Highly prospective for gallium mineralisation and sits outside the current exploration target
■Outcropping chlorite schist uncovered 480m east of the initial gallium discovery, highlighting the potential for additional near-surface mineralisation along trend.
■ Chlorite schist in previous holes typically hosts the high-grade gallium, identified by preliminary mineral characterisation by CSIRO(1).
■ Phase II drilling of the Block 3 East Prospect is nearing completion.
■ Phase III drilling will be brought forward to test the newly discovered extension and continue once Phase II results have been interpreted.
■ To date, only ~10% of the broader 3km x 1.5km prospect area has been explored, highlighting substantial exploration upside and the potential for a large-scale gallium deposit.
■ The company is well-capitalised following the recent well-bid $2.75 million capital raise, supported by strategic investors.
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Key Facts:
For more information, please contact:
Nimy Resources Limited
Richard Moody
[email protected]
(08) 9261 4600
About us:
About Nimy Resources
Nimy Resources is a Western Australian exploration company that has prioritised the development of its recently discovered Mons Belt, situated 370km north-east of Perth and 140km north-northwest of Southern Cross a Tier 1 jurisdiction in Western Australia.
The Mons Belt represents a district scale discovery, spanning ~80km x 30km over 17 tenements and covering ~3005km2 north of the Forrestania greenstone belt. The Mons Belt provides a new and exciting frontier in critical metal exploration in Western Australia, the company is currently working with the CSIRO to advance the lithology and mineralisation types within one of Australia's newest greenstone belt discoveries in the Yilgarn Craton, a region with significant untapped potential.
Nimy Resources believes the Mons Belt offers multi commodity potential with the initial discovery of Masson (Cu, Ni, Co, Au & PGE's) in addition to Block 3 east prospect with high-grade gallium (Ga) discovered in the northern tenements.
In addition to these discoveries, the southern tenements have significant fertile komatiite sequences like those found in the Kambalda region of WA.
The Mons Belt is a district scale discovery with a land holding consisting of 17 approved tenements covering an 80km north/south strike of mafic and ultramafic sequences.
