Nimy Resources Ltd Reveals Massive Growth Potential at Block 3

Revolutionary Geophysical Survey Reveals Eight-Fold Expansion Potential

Nimy Resources (ASX: NIM) has delivered extraordinary news from its Block 3 gallium deposit in Western Australia, with a high-resolution magnetic survey indicating the mineralised host unit extends for 3.5 kilometres beyond the current JORC Resource boundary. This discovery demonstrates the immense growth potential of Nimy Resources Ltd, suggesting the potential for a massive expansion of the already substantial 2,700 tonne gallium resource.

The survey results are particularly compelling given that the existing resource sits within just a 400-metre corridor and remains open in multiple directions. With the host unit now proven to extend over 3.5km – more than eight times the strike length of the existing resource – Nimy has identified what could be one of Australia’s most significant gallium expansion opportunities.

Key Survey Highlights:

• • Host unit extends 3.5km along strike beyond current resource boundary

• • Current resource confined to just 400m corridor

• • Existing 2,700t contained gallium trioxide resource remains open

• • Significant depth potential with current resource only extending to ~100m

• • Company initiating talks for $1.2B Federal Government critical minerals funding

Furthermore, Managing Director Luke Hampson stated: “The high resolution aeromagnetic survey at Block 3 has identified the potential for substantial growth in the high-grade gallium resource. The survey indicates that the unit which hosts the resource extends for up to 3.5km. This is more than eight times longer than the strike length of the existing resource.”

Understanding Gallium: The Critical Metal Powering Modern Technology

What is Gallium?

Gallium is a rare metal essential for semiconductor manufacturing, LED technology, and next-generation electronics. With limited global supply sources and increasing demand from the technology sector, gallium has been classified as a critical mineral by major economies including Australia and the United States.

Why This Matters to Investors

In addition to its strategic importance, several factors make gallium particularly attractive:

• • Supply dominated by a few countries, creating strategic supply chain vulnerabilities

• • Essential for 5G technology, renewable energy systems, and defence applications

• • Growing demand from semiconductor industry driving premium pricing

• • Western governments actively seeking secure supply sources

The growth potential of Nimy Resources Ltd becomes particularly significant when considering gallium’s strategic importance to modern technology infrastructure. However, unlike many exploration companies pursuing traditional commodities, Nimy has positioned itself within a critical mineral sector experiencing unprecedented government support and technological demand.

Exceptional Resource Quality Sets Block 3 Apart

The Block 3 gallium deposit stands out in the market due to its high-grade nature and near-surface location. Moreover, the current JORC Resource delivers impressive metrics across multiple cut-off grades:

The resource’s shallow nature (extending only to ~100m depth) presents significant advantages:

• • Lower mining costs compared to deep operations

• • Faster development timeline to production

• • Reduced technical and financial risks

• • Enhanced project economics

Additional Value Drivers:

• • Co-located rare earth elements (TREO) adding further revenue potential

• • Neodymium-Praseodymium (NdPr) content providing additional critical minerals exposure

• • Proximity to established Western Australian mining infrastructure

Consequently, the resource delivers substantial contained metal across various cut-off grades, with the highest-grade portion (70 g/t cut-off) containing 740 tonnes of gallium trioxide at an impressive 102 g/t grade. This high-grade core represents exceptional value for potential development scenarios.

Strategic Government Support Creates Pathway to Development

Nimy’s timing appears optimal as the company has initiated discussions with Federal Government departments about accessing the recently announced $1.2 billion critical minerals strategic reserve fund. This represents a transformational opportunity for the Block 3 project and significantly enhances the growth potential of Nimy Resources Ltd.

Competitive Advantages for Funding Eligibility:

• • Fully ratified JORC Resource providing regulatory certainty

• • High-grade deposit meeting strategic material requirements

• • Near-surface location enabling cost-effective extraction

• • Australian jurisdiction aligning with government supply security objectives

Furthermore, the company has also established a partnership with U.S.-based M2i Global to develop supply chain connections into the American market. This positions Nimy as a potential key supplier to Western economies seeking gallium supply security.

Luke Hampson emphasised: “We believe the fact that Block 3 has a fully ratified JORC resource, is high-grade and close to surface will help the project meet the eligibility criteria”

What Are the Multiple Expansion Opportunities?

Beyond the immediate 3.5km strike extension, Nimy has identified multiple vectors for resource growth that could substantially increase the growth potential of Nimy Resources Ltd:

Priority Target Areas

1. 1. First-Priority Targets: Proximal areas along strike of existing resource

1. 1. Second-Priority Targets: Distal locations identified through enhanced geophysical interpretation

1. 1. Depth Extensions: Significant potential below current ~100m resource limit

1. 1. Regional Prospects: Masson-Thompson mineralised trend under evaluation

Exploration Targets Overview

• • Combined total: 26Mt at 100g/t Ga₂O₃

• • Additional: 100Mt at 810ppm TREO

• • Multiple high-priority drilling targets identified

• • Enhanced geological understanding through detailed aeromagnetic survey

Note: Exploration Target quantities are conceptual in nature and require further exploration to confirm.

Notably, Nimy’s geological team, in collaboration with SRK consultants, has defined these exploration targets based on comprehensive analysis including the recent high-resolution aeromagnetic survey. The improved geological understanding from the 25-metre line spacing survey has revealed detailed magnetic anomaly features that correlate with high-grade gallium intercepts.

Advanced Geophysical Interpretation Drives Target Definition

The recently completed high-resolution airborne magnetic survey has transformed Nimy’s understanding of the Block 3 geology. Conducted with 25-metre line spacings and maintaining an average ground clearance of 30 metres, the survey has captured significantly more detail than previous datasets.

Technical Survey Specifications:

• • Equipment: Cessna 206 aircraft with G-823A caesium vapour magnetometer

• • Sampling Rate: 20 Hz for magnetic data

• • Base Station: GEM GSM-19 Overhauser magnetometer

• • Radiometric Data: RSI RS-500 gamma-ray spectrometer with 32L crystal

The improved flight line orientation compared to previous surveys has resolved new detailed magnetic anomaly features. Analysis shows these anomalies correlate with high-grade gallium intercepts and extend the prospectivity along strike of existing targets.

In addition, the survey has identified correlation between magnetic anomaly trends and high-grade gallium downhole intercepts, providing a valuable exploration tool for future targeting. This technical advancement supports more precise resource expansion planning and reduces exploration risk.

Value Creation Through Metallurgical Advancement

Nimy has appointed Strategic Metallurgy Pty Ltd to complete crucial metallurgical test work aimed at producing a high-grade gallium concentrate. This development work represents a critical step toward establishing a commercial operation and could create significant value inflection points that enhance the growth potential of Nimy Resources Ltd.

Metallurgical Program Objectives:

• • Develop optimal processing flowsheet

• • Produce bulk concentrate samples for market evaluation

• • Establish grade and recovery parameters

• • Support future feasibility studies

Success in the metallurgical program would position Nimy as a serious supplier to western markets whilst providing technical validation of the deposit’s commercial viability. The company aims to advance co-operation with U.S. partners M2i Global to establish supply chain pathways into the American market.

Therefore, the metallurgical test work represents a critical development milestone, as producing a high-grade concentrate would demonstrate the deposit’s commercial potential and provide samples for market evaluation by potential customers.

Regional Geological Context and Resource Potential

The Block 3 deposit sits within the broader Mons Project, spanning approximately 3,004km² across 17 tenements. This district-scale position provides multiple advantages including:

Geological Setting:

• • 80km x 30km Mons Belt representing district-scale discovery

• • Located 370km north-east of Perth in established mining jurisdiction

• • North-south strike of ~80km of mafic and ultramafic sequences

• • Position north of the Forrestania greenstone belt

Multi-Commodity Potential:

• • Gallium resource at Block 3

• • Masson prospect with copper, nickel, cobalt, gold and PGEs

• • Fertile komatiite sequences similar to Kambalda region

• • Rare earth elements providing additional revenue streams

However, Nimy continues exploring for volcanogenic-hosted massive sulphide (VMS) deposits within the project area, with gallium serving as a useful indicator element for this mineralisation style. This multi-commodity approach provides additional exploration upside beyond the immediate gallium focus.

Why Should Investors Track Nimy Resources?

The convergence of multiple positive factors makes Nimy Resources a compelling investment opportunity in the critical minerals sector:

Strategic Market Position

• • First-mover advantage in Western Australian gallium development

• • Critical mineral exposure aligned with government strategic priorities

• • Established partnerships providing market access pathways

• • Technical validation through completed JORC Resource

Near-Term Catalysts

• • Q1 2026: Initial metallurgical test work results

• • 2026: Priority target drilling programs

• • Ongoing: Federal Government funding discussions

• • Medium-term: Resource expansion drilling and feasibility studies

Competitive Differentiators

Consequently, this demonstrates how Nimy has systematically advanced the project from initial discovery through resource definition to potential development discussions. The combination of proven resources, exceptional expansion potential, and strategic government support positions the company as a leading critical minerals investment opportunity.

Technical Excellence Drives Exploration Success

Nimy’s approach to exploration reflects industry best practices and technical rigour. The company has engaged specialist consultants including SRK for resource estimation and MagSpec Airborne Surveys for geophysical data acquisition.

Technical Team Expertise:

• • Fergus Jockel: Exploration Manager and Competent Person

• • SRK Consulting: Resource estimation and target definition

• • Strategic Metallurgy: Metallurgical test work program

• • MagSpec Airborne Surveys: Geophysical data acquisition

Furthermore, Nimy’s exploration approach combines multiple techniques including aeromagnetic surveys, ultrafine soil sampling, geological interpretation, and systematic drilling programs. This integrated methodology has enabled the company to define substantial exploration targets whilst maintaining technical credibility.

According to the competent person’s statement, the exploration results and Block 3 Exploration Targets are based on information compiled by Fergus Jockel, who holds sufficient experience relevant to the mineralisation style and deposit type under consideration.

“Nimy Resources has positioned itself as a major player in Australia’s critical minerals sector, with exceptional expansion potential at Block 3 and strong government backing. With upcoming metallurgical results and resource expansion drilling, investors should monitor developments closely as the company advances toward becoming a key Western gallium supplier.”

Next Key Milestones to Watch:

1. 1. Metallurgical test work results (Q1 2026)

1. 1. Federal Government funding announcements

1. 1. Resource expansion drilling commencement

1. 1. U.S. market development progress

In conclusion, the combination of proven resources, exceptional expansion potential, and strategic government support makes Nimy Resources one of the most compelling critical minerals investment opportunities in the Australian market today. The recent geophysical survey results have fundamentally expanded the growth potential of Nimy Resources Ltd, providing a clear pathway for substantial resource expansion and enhanced project economics.

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