NIM looks to maiden gallium resource
NIM receives more high-grade gallium assays from final holes at Block 3 in WA
Maiden resource, updated exploration target and metallurgical work planned
Company will also assess the project's rare earths and base metals potential
Special Report: Nimy Resources has hit further high-grade gallium in the final drill holes of a 5944m campaign at Block 3 in WA, which is emerging as a potential standalone gallium development.
The drilling was aimed at infilling and extending an exploration target of 9.6-14.3Mt at 39ppm to 78ppm gallium and positions the company to potentially become WA's first primary producer of the critical mineral.
Gallium, a specialty metal essential for computer chip production and widely used in electronics, AI and defence, has seen rising global interest following China's 2023 export controls.
Nimy Resources (ASX:NIM) plans to release a maiden resource for the project in the coming quarter, after repeatedly hitting high grades.
The last round of drilling results was no exception, returning intercepts including:
44m @ 101g/t Ga₂O₃ from surface
32m @ 107g/t Ga₂O₃ from surface
28m @ 102g/t Ga₂O₃ from surface
12m at 104g/t Ga₂O₃ from 16m;
Maiden resource, metallurgical work and more drilling
Overall, the drilling campaign intersected high-grade intervals of plus 100g/t Ga2O3 with all holes encountering mineralisation and 18 holes returning high-grade gallium.
'The recently-completed drilling program at Block 3 has consistently returned high-grade gallium assays which show we have a substantial discovery,' managing director Luke Hampson said.
'And furthermore, there is clear potential to keep growing it, with the mineralisation remaining open at depth and along strike.
'With the receipt of the final assays, we are on track to complete the maiden JORC resource in the September quarter.
'At the same time, we are progressing metallurgical testwork in conjunction with the CSIRO and Curtin University while discussions are also advancing with potential offtake customers and funding partners.
'The high level of inquiry we are receiving from around the world confirms that we have a huge opportunity at Block 3 to capitalise on demand for this critical metal.'
The next steps beyond a maiden resource include metallurgical testwork and offtake discussions - plus a follow-up drill program to expand the resource and explore the rare earths and base metals potential of the project.
This article was developed in collaboration with Nimy Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Originally published as Nimy Resources serves up more high-grade gallium at WA discovery
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