.
March 2025 Quarterly Report
– Nimy takes key steps to grow and
advance WA gallium discovery
– Nimy ideally placed to capitalise on the strong demand for non-Chinese gallium
Highlights
■ Block 3 East – Gallium Discovery
o Release of the high-grade gallium Exploration Target comprising 14.7Mt at a range of 39g/t – 78g/t Ga; This is considered very high-grade by global comparisons.
o MoU with Curtin University on gallium research to progress Block 3 metallurgy and processing pathways.
o CSIRO Mineral Indicator Study on gallium underway, preliminary results pending.
o Follow-up drilling program set to start in early May.
o Drilling and metallurgy results will underpin a maiden JORC Resource in 2025.
■ Masson – Copper-Nickel-PGE Prospect
o Multiple studies underway – lithology geology review, structure review and CSIRO Mineral Indicator Studies.
■ M2i Agreement – Nimy signed a non-binding Collaboration Agreement with M2i to assist in the development and supply of gallium in support of the US Government and the Defense Industrial Base.
■ Curtin University Agreement – Nimy signed a non-binding Memorandum of Understanding with Curtin University to collaborate on advancing gallium-related research, development, and production.
■ Surface Sampling – UltrafineTM surface geochemical sampling continued across new prospective target areas and extensions on existing high-priority copper targets.
■ Capital Raise – During the quarter, the Company completed a $1.15m capital raise (before costs).
■ Cash at bank of $935k as at 31 March 2025.
01 May. ..Block 3 gallium discovery in WA.
■ The study undertaken by CSIRO characterised high-grade fresh rock samples from Block 3 Prospect, confirming the presence of gallium mineralisation in a chloritised schist.
13 May... ASX query
If the answer to question 1 is “no”, is there any other explanation that NIM may have for the recent trading in its securities?
The Company notes an article released byThe East Coast Research today mentioning the massive discovery of highest-grade gallium intervals by Nimy Resources in WA’s newest Greenstone Belt, and that gallium prices are poised to benefit from supply chain disruptions and demand across industries.
14 May
■ Nimy Resources has commenced a Phase 2 drilling program at the high-grade Block 3 Gallium prospect.
■ The drill program will support the development of a Maiden JORC Resource.
■ Drilling is aimed at testing the Block 3 gallium exploration target, defined on the 28th of January, extending the known high-grade mineralisation along strike and down dip.
