Nimy Resources Expands Gallium Discovery at Western Australian Project

Maiden Resource on Track as Nimy Positions for Critical Metals Boom

Nimy Resources (ASX:NIM) has reached a significant milestone with the completion of its Phase 2 and Phase 3 RC drilling programs at the Block 3 Gallium Prospect in Western Australia, setting the stage for a maiden resource declaration by the December quarter of 2025.

The recently completed drilling campaign consisted of 25 holes totaling 5,944 metres, strategically designed to infill and extend the JORC exploration target defined earlier this year. With initial assays already demonstrating high-grade gallium mineralisation and results from 21 additional holes pending, Nimy is building momentum toward establishing itself as a significant player in the critical metals sector.

"The successful completion of the Block 3 drilling campaign is another major milestone in our strategy to establish a substantial high-grade gallium deposit and capitalise on global demand for this critical metal," said Nimy Managing Director Luke Hampson.

"Given the high grade results from the first 4 holes of Phase 2, we are very optimistic about our ability to unlock the full potential of Block 3," he added.

Understanding Gallium: The Critical Metal Powering Next-Gen Technologies

Gallium has emerged as one of the most strategically important metals in the technology sector, yet many investors remain unfamiliar with its applications and growing significance.

This soft, silvery metal is crucial for semiconductor manufacturing, particularly in the production of gallium nitride (GaN) and gallium arsenide (GaAs) compounds. These materials are foundational to:

• 5G telecommunications infrastructure
• LED lighting technology
• Solar panels and photovoltaic cells
• Artificial intelligence hardware
• Power electronics for electric vehicles

Unlike many critical minerals, gallium is rarely mined directly. It's typically recovered as a by-product from bauxite processing (aluminum production) and zinc processing, making primary gallium deposits like Nimy's Block 3 discovery particularly valuable.

Global gallium production is dominated by China, which controls approximately 95% of the world's supply. This concentration has prompted Western nations to seek alternative sources, creating a strategic opportunity for Australian developers like Nimy Resources.

Strategic Development Pathway Unfolds

Nimy's methodical approach to developing the Block 3 gallium discovery has progressed through multiple strategic phases:

1. Discovery and Initial Exploration (2024): High-grade gallium identified at Block 3
2. Exploration Target Defined (January 2025): JORC-compliant exploration target established
3. Funding Secured (February 2025): Successful capital raising to fund resource drilling
4. Research Partnerships (March 2025): MoU with Curtin University for gallium research
5. Resource Drilling (May-June 2025): Completion of Phase 2 and 3 drilling programs
6. Resource Definition (Expected Q4 2025): Maiden JORC resource calculation

The company has also established a collaboration agreement with M2i Global, providing a potential pathway to commercialisation for the gallium discovery.

The Mons Project: A District-Scale Opportunity

Nimy's gallium discovery at Block 3 sits within the company's broader Mons Project, which represents a district-scale exploration opportunity spanning approximately 80km by 30km across 17 tenements. The project covers 3,004 square kilometres of mafic and ultramafic sequences in a newly identified greenstone belt in the Yilgarn Craton.

The Mons Belt offers multi-commodity potential, with Nimy having already identified:

• High-grade gallium at Block 3
• Copper, nickel, cobalt, gold, and PGE mineralisation at Masson
• Fertile komatiite sequences similar to those in the Kambalda region

This diversity of potential resources provides Nimy with multiple pathways to value creation and reduces the company's reliance on any single commodity.

Investment Potential: Critical Metals at a Critical Time

Nimy Resources presents a compelling investment case for several key reasons:

1. Strategic Mineral Focus

Gallium's classification as a critical mineral by major economies including the US, EU, and Australia highlights its strategic importance in global supply chains. As countries seek to reduce dependence on Chinese supplies, new sources of gallium become increasingly valuable.

2. First-Mover Advantage

As one of the few ASX-listed companies with a primary gallium focus, Nimy offers investors rare exposure to this critical metal. The company's Block 3 discovery represents one of the few primary gallium deposits being developed globally.

3. Methodical Development Approach

Nimy has demonstrated a systematic, science-based approach to developing its gallium discovery, progressing from initial exploration to resource definition within a clear timeline.

4. Institutional Support

The company has successfully raised capital to fund its development program, indicating institutional confidence in both the project and management team.

5. Multiple Value Catalysts

With assay results pending from 21 drill holes and a maiden resource expected by year-end, Nimy offers investors multiple near-term catalysts that could drive share price appreciation.

Key Takeaway:
"Nimy Resources has positioned itself at the forefront of critical minerals development in Australia, with its Block 3 gallium discovery addressing a strategic gap in Western supply chains. With drilling completed and a maiden resource on track for late 2025, investors have an opportunity to gain exposure to one of the most strategically important metals in the technology sector."

Why Gallium Matters to the Green Energy Transition

Gallium's role in the global transition to renewable energy and electrification cannot be overstated. The metal's unique properties make it essential for technologies that improve energy efficiency and enable clean energy generation:

• Solar Energy: Gallium arsenide (GaAs) solar cells achieve conversion efficiencies up to 29%, significantly higher than conventional silicon cells
• Energy Efficiency: Gallium nitride (GaN) power electronics reduce energy losses by up to 90% compared to silicon alternatives
• Electric Vehicles: GaN components enable faster charging, longer range, and more efficient power management
• Grid Modernisation: Gallium-based components support high-voltage transmission and smart grid technologies

As governments worldwide accelerate decarbonisation efforts, demand for gallium is projected to increase significantly, creating a potential supply-demand imbalance that could benefit early movers like Nimy Resources gallium discovery.

Board and Technical Expertise Support Development

Nimy is led by an experienced board and technical team with relevant expertise in resource development:

• Neil Warburton (Non-Executive Chairman): Extensive mining industry experience
• Luke Hampson (Managing Director): Strategic leadership in resource development
• Christian Price (Technical Director): Technical expertise in mineral exploration
• John Simmonds (Technical Advisor – Geology): Geological expertise
• Fergus Jockel (Exploration Manager): Hands-on exploration management
• Ian Glacken (Geological Technical Advisor): Resource estimation expertise

This combination of corporate, technical, and geological expertise positions the company well to navigate the challenges of developing a new critical minerals resource.

The Nimy Resources gallium discovery at Block 3 represents a potential step-change for the company as it progresses toward a maiden resource declaration. With drilling now complete and assay results continuing to flow, investors can expect regular updates as the company advances this strategic critical minerals project.

Expanding the Critical Minerals Landscape in Australia

Australia's critical minerals sector is experiencing significant growth, with Venus Metals securing government co-funding for copper exploration and Pivotal Metals expanding its Horden Lake deposit. Furthermore, companies like Iceni Gold are implementing strategic exploration approaches in Western Australia.

The global critical minerals landscape is also diversifying, with projects like Axon's REE project in Brazil demonstrating high-grade mineralisation. However, Nimy's gallium discovery stands out due to the metal's strategic importance and limited primary production sources worldwide.

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