Latest news with #NimyResources
West Australian
16-07-2025
- Business
- West Australian
ASX Big Hits: Encounter, Nimy Resources and Hyterra
Bulls N' Bears Big Hits examines some recent notable drilling intercepts revealed on the ASX, including Encounter Resources' high-grade niobium hit at its Joyce project in Western Australia's West Arunta region. Other interesting results were reported by Nimy Resources at its Mons gallium project, and Hyterra Limited landed a helium hit at its Nemaha gas field project in the US state of Kansas. Company: Encounter Resources (ASX: ENR) Project: Aileron project, West Arunta, WA Hit: 9m @ 2.2% niobium pentoxide from 120m to end-of-hole (EOH) Encounter Resources has reported high-grade niobium oxide mineralisation from an early air core drilling program at its Joyce prospect, part of the company's Aileron project in WA's West Arunta region. The first line of regional drilling in the 2025 season intersected 9 metres at 2.2 per cent niobium oxide from 120m to the end-of-hole in one hole, validating Encounter's targeting model for the carbonatite complex. At 6 kilometres east of the company's Green deposit, which totals 12.1 million tonnes averaging 1.63 per cent niobium oxide, Joyce highlights the broader potential of the mineralised system. In late 2024, two reconnaissance air core traverses spaced 1.6km apart at Joyce identified a carbonatite complex with strong niobium and rare earth anomalies. The company's 2025 air core drilling program kicked off with 800m-spaced drill lines. While the reported intercept hole terminated at 129m due to the limits of rig penetration, the hole intersected mineralisation in the upper saprolite zone, beneath transported sand and clay. Preliminary pXRF analysis flagged significant niobium, which was confirmed by expedited laboratory analysis. The company's systematic exploration includes 15 priority targets across its West Arunta tenure for 2025. The air core rig has completed the first pass program at Joyce, with assays expected in August, and was then remobilised to Encounter's Steller prospect, 15km north along the Elephant Island Fault. The Elephant Island Fault hosts the Crean deposit, which comprises 3.5Mt of ore averaging 1.92 per cent niobium pentoxide. Encounter's next steps at Joyce will involve mobilising a reverse circulation rig to test the depth and width of high-grade zones, alongside ground gravity and passive seismic surveys to map deeper weathering and metal enrichment, following a trial at the Green prospect. Encounter's 40,000m drill program underscores its focus on uncovering major niobium and copper deposits in Australia's prospective mineral belts. With niobium's critical role in advanced technologies and Joyce's high-grade results, Encounter is well-positioned to capitalise on growing global demand for critical minerals. If successful, the exploration could potentially establish Encounter's Aileron project as a significant contributor to the niobium supply chain. Company: Nimy Resources (ASX: NIM) Project: Mons Project, Block 3, gallium project Location: 370km north-east of Perth Hit: 240m at 55g/t gallium oxide from surface to EOH, including 56m at 101g/t gallium oxide from 60m Peak value: 1m at 285g/t gallium oxide from 115m Nimy Resources has reported exceptional gallium oxide results from its Mons project, 140km north-northwest of Southern Cross in WA. Gallium metal and its oxide comprise a critical yet lesser-known commodity, increasingly vital due to their roles in technology - particularly amid recent supply constraints. China controls 98 per cent of global refined gallium products but imposed export controls in August 2023, triggering price spikes and supply chain concerns. Nimy's phase two reverse circulation drilling program at its Block 3 prospect delivered remarkable gallium oxide grades across four 240m-deep holes. The stand-out hole averaged 55 grams per tonne (g/t) gallium oxide - equivalent to 41g/t gallium metal, using a 1.3442 conversion factor - from surface to end-of-hole. The mineralisation remains open. The hole included 56m at 101g/t gallium oxide from 60m, a peak 1m interval of 285g/t gallium oxide from 115m, and a 4m composite of 126g/t gallium oxide from 188m. The final 20m averaged 30g/t gallium oxide across five 4m composites. The second hole yielded two high-grade zones: 20m at 102g/t gallium oxide from 40m, peaking at 141g/t gallium oxide over 4m from 56m, and 36m at 104g/t gallium oxide from 112m, with a peak 1m interval of 376g/t gallium oxide from 117m. The third hole intersected 28m at 59g/t gallium oxide from 216m to end-of-hole. The fourth hole returned 8m at 108g/t gallium oxide from 144m, with a peak 1m interval of 184g/t gallium oxide from 145m, and 20m at 63g/t gallium oxide from 220m to end-of-hole. Average grades for the three other holes were 57g/t, 37g/t, and 30g/t gallium oxide over their 240m lengths. These results, with mineralisation open in all directions, highlight Block 3's potential to meet soaring global gallium demand. Nimy plans to deliver an initial mineral resource estimate in the December quarter, following assays from its phase three program. Ongoing exploration is targeting extensions of the gallium-hosting chlorite schist, with mineralisation identified beyond current limits, suggesting resource expansion potential. Despite gallium's relative abundance in the Earth's crust, widely estimated at 19 parts per million of the elemental metal, economically viable deposits are rare, making Nimy's high-grade, coherent mineralised system a promising contributor to the West's gallium supplies. Company: Hyterra Ltd (ASX: HYT) Project: Nemaha project, Kansas, the United States Hit: High helium concentrations up to 4.4% in mud gas samples at Blythe 13-20 well. Hyterra Limited reported an exceptional helium discovery at its Nemaha project in Kansas, with mud gas samples from its Blythe 13-20 well showing helium concentrations up to 4.4 per cent. This is a significant find, surpassing typical helium levels in the region and marking a rare occurrence for Kansas, where helium concentrations in the Hugoton gas field typically range from 0.25 per cent to 2.5 per cent. Helium, a colourless, odourless, non-toxic and inert noble gas, is the second most abundant element in the universe, but it is rare on Earth. Formed as a by-product of radioactive decay, it is a non-renewable resource typically extracted from natural gas deposits. Its unique properties, including an extremely low boiling point of -268.9°C, make it irreplaceable in semiconductors, aerospace, MRI technology and quantum computing. The global helium shortage underscores the value of this discovery. Kansas is a strategic hub for US helium production, supported by a robust regulatory environment and decades of expertise from the Hugoton field. The first significant helium discovery in Dexter, Kansas, in 1903 with a 1.84 per cent helium concentration. Dexter lies south of Blythe 13-20 near the Nemaha Ridge. Kansas currently hosts eight helium production plants, reinforcing its dominance in domestic supply. The Blythe 13-20 well will transition to an appraisal phase in the coming weeks, with downhole monitoring equipment installed to gather data for an initial testing program. This discovery strengthens Hyterra's position in meeting growing helium demand, particularly for healthcare, which amounts to 32 per cent of US consumption, mainly for MRI cooling. With no viable substitutes, helium's critical role in advanced industries highlights the significance of this high-grade find. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
16-07-2025
- Business
- Sydney Morning Herald
ASX Big Hits: Encounter, Nimy Resources and Hyterra
Preliminary pXRF analysis flagged significant niobium, which was confirmed by expedited laboratory analysis. The company's systematic exploration includes 15 priority targets across its West Arunta tenure for 2025. The air core rig has completed the first pass program at Joyce, with assays expected in August, and was then remobilised to Encounter's Steller prospect, 15km north along the Elephant Island Fault. The Elephant Island Fault hosts the Crean deposit, which comprises 3.5Mt of ore averaging 1.92 per cent niobium pentoxide. Encounter's next steps at Joyce will involve mobilising a reverse circulation rig to test the depth and width of high-grade zones, alongside ground gravity and passive seismic surveys to map deeper weathering and metal enrichment, following a trial at the Green prospect. Encounter's 40,000m drill program underscores its focus on uncovering major niobium and copper deposits in Australia's prospective mineral belts. With niobium's critical role in advanced technologies and Joyce's high-grade results, Encounter is well-positioned to capitalise on growing global demand for critical minerals. If successful, the exploration could potentially establish Encounter's Aileron project as a significant contributor to the niobium supply chain. Company: Nimy Resources (ASX: NIM) Project: Mons Project, Block 3, gallium project Location: 370km north-east of Perth Hit: 240m at 55g/t gallium oxide from surface to EOH, including 56m at 101g/t gallium oxide from 60m Peak value: 1m at 285g/t gallium oxide from 115m Nimy Resources has reported exceptional gallium oxide results from its Mons project, 140km north-northwest of Southern Cross in WA. Gallium metal and its oxide comprise a critical yet lesser-known commodity, increasingly vital due to their roles in technology - particularly amid recent supply constraints. China controls 98 per cent of global refined gallium products but imposed export controls in August 2023, triggering price spikes and supply chain concerns. Nimy's phase two reverse circulation drilling program at its Block 3 prospect delivered remarkable gallium oxide grades across four 240m-deep holes. The stand-out hole averaged 55 grams per tonne (g/t) gallium oxide - equivalent to 41g/t gallium metal, using a 1.3442 conversion factor - from surface to end-of-hole. The mineralisation remains open. The hole included 56m at 101g/t gallium oxide from 60m, a peak 1m interval of 285g/t gallium oxide from 115m, and a 4m composite of 126g/t gallium oxide from 188m. The final 20m averaged 30g/t gallium oxide across five 4m composites. The second hole yielded two high-grade zones: 20m at 102g/t gallium oxide from 40m, peaking at 141g/t gallium oxide over 4m from 56m, and 36m at 104g/t gallium oxide from 112m, with a peak 1m interval of 376g/t gallium oxide from 117m. The third hole intersected 28m at 59g/t gallium oxide from 216m to end-of-hole. The fourth hole returned 8m at 108g/t gallium oxide from 144m, with a peak 1m interval of 184g/t gallium oxide from 145m, and 20m at 63g/t gallium oxide from 220m to end-of-hole. Average grades for the three other holes were 57g/t, 37g/t, and 30g/t gallium oxide over their 240m lengths. These results, with mineralisation open in all directions, highlight Block 3's potential to meet soaring global gallium demand. Nimy plans to deliver an initial mineral resource estimate in the December quarter, following assays from its phase three program. Ongoing exploration is targeting extensions of the gallium-hosting chlorite schist, with mineralisation identified beyond current limits, suggesting resource expansion potential. Despite gallium's relative abundance in the Earth's crust, widely estimated at 19 parts per million of the elemental metal, economically viable deposits are rare, making Nimy's high-grade, coherent mineralised system a promising contributor to the West's gallium supplies. Company: Hyterra Ltd (ASX: HYT) Project: Nemaha project, Kansas, the United States Hit: High helium concentrations up to 4.4% in mud gas samples at Blythe 13-20 well. Hyterra Limited reported an exceptional helium discovery at its Nemaha project in Kansas, with mud gas samples from its Blythe 13-20 well showing helium concentrations up to 4.4 per cent. This is a significant find, surpassing typical helium levels in the region and marking a rare occurrence for Kansas, where helium concentrations in the Hugoton gas field typically range from 0.25 per cent to 2.5 per cent. Helium, a colourless, odourless, non-toxic and inert noble gas, is the second most abundant element in the universe, but it is rare on Earth. Formed as a by-product of radioactive decay, it is a non-renewable resource typically extracted from natural gas deposits. Its unique properties, including an extremely low boiling point of -268.9°C, make it irreplaceable in semiconductors, aerospace, MRI technology and quantum computing. The global helium shortage underscores the value of this discovery. Kansas is a strategic hub for US helium production, supported by a robust regulatory environment and decades of expertise from the Hugoton field. The first significant helium discovery in Dexter, Kansas, in 1903 with a 1.84 per cent helium concentration. Dexter lies south of Blythe 13-20 near the Nemaha Ridge. Kansas currently hosts eight helium production plants, reinforcing its dominance in domestic supply. The Blythe 13-20 well will transition to an appraisal phase in the coming weeks, with downhole monitoring equipment installed to gather data for an initial testing program. This discovery strengthens Hyterra's position in meeting growing helium demand, particularly for healthcare, which amounts to 32 per cent of US consumption, mainly for MRI cooling. With no viable substitutes, helium's critical role in advanced industries highlights the significance of this high-grade find.
The Age
16-07-2025
- Business
- The Age
ASX Big Hits: Encounter, Nimy Resources and Hyterra
Preliminary pXRF analysis flagged significant niobium, which was confirmed by expedited laboratory analysis. The company's systematic exploration includes 15 priority targets across its West Arunta tenure for 2025. The air core rig has completed the first pass program at Joyce, with assays expected in August, and was then remobilised to Encounter's Steller prospect, 15km north along the Elephant Island Fault. The Elephant Island Fault hosts the Crean deposit, which comprises 3.5Mt of ore averaging 1.92 per cent niobium pentoxide. Encounter's next steps at Joyce will involve mobilising a reverse circulation rig to test the depth and width of high-grade zones, alongside ground gravity and passive seismic surveys to map deeper weathering and metal enrichment, following a trial at the Green prospect. Encounter's 40,000m drill program underscores its focus on uncovering major niobium and copper deposits in Australia's prospective mineral belts. With niobium's critical role in advanced technologies and Joyce's high-grade results, Encounter is well-positioned to capitalise on growing global demand for critical minerals. If successful, the exploration could potentially establish Encounter's Aileron project as a significant contributor to the niobium supply chain. Company: Nimy Resources (ASX: NIM) Project: Mons Project, Block 3, gallium project Location: 370km north-east of Perth Hit: 240m at 55g/t gallium oxide from surface to EOH, including 56m at 101g/t gallium oxide from 60m Peak value: 1m at 285g/t gallium oxide from 115m Nimy Resources has reported exceptional gallium oxide results from its Mons project, 140km north-northwest of Southern Cross in WA. Gallium metal and its oxide comprise a critical yet lesser-known commodity, increasingly vital due to their roles in technology - particularly amid recent supply constraints. China controls 98 per cent of global refined gallium products but imposed export controls in August 2023, triggering price spikes and supply chain concerns. Nimy's phase two reverse circulation drilling program at its Block 3 prospect delivered remarkable gallium oxide grades across four 240m-deep holes. The stand-out hole averaged 55 grams per tonne (g/t) gallium oxide - equivalent to 41g/t gallium metal, using a 1.3442 conversion factor - from surface to end-of-hole. The mineralisation remains open. The hole included 56m at 101g/t gallium oxide from 60m, a peak 1m interval of 285g/t gallium oxide from 115m, and a 4m composite of 126g/t gallium oxide from 188m. The final 20m averaged 30g/t gallium oxide across five 4m composites. The second hole yielded two high-grade zones: 20m at 102g/t gallium oxide from 40m, peaking at 141g/t gallium oxide over 4m from 56m, and 36m at 104g/t gallium oxide from 112m, with a peak 1m interval of 376g/t gallium oxide from 117m. The third hole intersected 28m at 59g/t gallium oxide from 216m to end-of-hole. The fourth hole returned 8m at 108g/t gallium oxide from 144m, with a peak 1m interval of 184g/t gallium oxide from 145m, and 20m at 63g/t gallium oxide from 220m to end-of-hole. Average grades for the three other holes were 57g/t, 37g/t, and 30g/t gallium oxide over their 240m lengths. These results, with mineralisation open in all directions, highlight Block 3's potential to meet soaring global gallium demand. Nimy plans to deliver an initial mineral resource estimate in the December quarter, following assays from its phase three program. Ongoing exploration is targeting extensions of the gallium-hosting chlorite schist, with mineralisation identified beyond current limits, suggesting resource expansion potential. Despite gallium's relative abundance in the Earth's crust, widely estimated at 19 parts per million of the elemental metal, economically viable deposits are rare, making Nimy's high-grade, coherent mineralised system a promising contributor to the West's gallium supplies. Company: Hyterra Ltd (ASX: HYT) Project: Nemaha project, Kansas, the United States Hit: High helium concentrations up to 4.4% in mud gas samples at Blythe 13-20 well. Hyterra Limited reported an exceptional helium discovery at its Nemaha project in Kansas, with mud gas samples from its Blythe 13-20 well showing helium concentrations up to 4.4 per cent. This is a significant find, surpassing typical helium levels in the region and marking a rare occurrence for Kansas, where helium concentrations in the Hugoton gas field typically range from 0.25 per cent to 2.5 per cent. Helium, a colourless, odourless, non-toxic and inert noble gas, is the second most abundant element in the universe, but it is rare on Earth. Formed as a by-product of radioactive decay, it is a non-renewable resource typically extracted from natural gas deposits. Its unique properties, including an extremely low boiling point of -268.9°C, make it irreplaceable in semiconductors, aerospace, MRI technology and quantum computing. The global helium shortage underscores the value of this discovery. Kansas is a strategic hub for US helium production, supported by a robust regulatory environment and decades of expertise from the Hugoton field. The first significant helium discovery in Dexter, Kansas, in 1903 with a 1.84 per cent helium concentration. Dexter lies south of Blythe 13-20 near the Nemaha Ridge. Kansas currently hosts eight helium production plants, reinforcing its dominance in domestic supply. The Blythe 13-20 well will transition to an appraisal phase in the coming weeks, with downhole monitoring equipment installed to gather data for an initial testing program. This discovery strengthens Hyterra's position in meeting growing helium demand, particularly for healthcare, which amounts to 32 per cent of US consumption, mainly for MRI cooling. With no viable substitutes, helium's critical role in advanced industries highlights the significance of this high-grade find.
Mercury
29-05-2025
- Business
- Mercury
NIM hot on the heels of gallium host rock
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. NIM hits gallium host rock at Block 3 discovery in WA Gallium is a critical mineral that has surged since China imposed export restrictions The company has immediately moved to the third phase of drilling. Special Report: Nimy Resources has intersected gallium host rock during phase 2 drilling at its Block 3 project in WA. The project is in the Mons greenstone belt, northwest of the Forrestania nickel and lithium district, where recent exploration uncovered the gallium opportunity. This could lead to the junior becoming the first primary producer of the critical mineral in WA. Interest in the specialty metal – a key component in computer chips critical to electronics, AI and defence – has surged since market leader China initiated export controls in 2023. Production is almost entirely sourced as a by-product of alumina and zinc refining but Nimy Resources (ASX:NIM)is hoping to change that with its Block 3 project, where it has uncovered gallium grades far higher than those typically associated with bauxite deposits. Nine holes out of a total of 11 in the latest drilling program hit chlorite/mafic schist – which has been identified by CSIRO as the host rock for high-grade gallium mineralisation at the project. While assays are pending, the company is confident of the potential to expand the extent of the discovery, and identify additional chlorite schist material along trend. Unlocking full extent of gallium discovery Notably, this style of deposit is the same from which gallium has been extracted from a mine in China and CSIRO thinks it could run between 400-800ppm gallium. That could present an opportunity to significantly upgrade the economic prospects of a future resource through ore sorting. Due to the success of second phase drilling, the company has immediately moved to phase 3, looking for gallium mineralisation beyond the original exploration target as well as the recently discovered outcropping schist. In the background, Nimy is also conducting metallurgical testwork and progressing early-stage downstream discussions, an integrated approach that the company says reflects its commitment to unlocking the full potential of this emerging critical minerals opportunity. 'The consistent intersections of schistose material across completed drill holes at Block 3 is an exciting development that continues to reinforce the scale and potential of this high-grade gallium prospect,' managing director Luke Hampson said. 'Assays are pending and phase 3 drilling has commenced, we are well positioned to rapidly advance what is a significant critical minerals discovery in Western Australia.' 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 intersects gallium host rock at Block 3 discovery
The Australian
15-05-2025
- Business
- The Australian
Nimy has 162pc upside as gallium potential grows: analyst
East Coast Research places 21c price target on gallium explorer Nimy Resources That's 162% upside to its closing price on Friday Early analysis shows Nimy's Block 3 could become a significant non-Chinese source of primary gallium, a metal prized for its use in semiconductors Special Report: Nimy Resources shares could more than double as it unveils the scale of a gallium discovery along the first new greenstone belt uncovered in WA in 20 years. That's the verdict of East Coast Research analyst Rahul Tiwari, who has placed a 21c price target on the $17m capped junior explorer, initiating coverage on the back of a potential breakthrough gallium find in WA. Nimy Resources (ASX:NIM) controls the 90km by 30km Mons belt, where assays at its Block 3 East prospect have returned estimated gallium concentrations from between 400-800g/t in a chloritised schist. Those results were followed by the declaration of an exploration target of 9.6-14.3Mt at 39-78g/t Ga, high-grade mineralisation which could deliver a superior source of primary gallium, a key metal in the production of semiconductors, compared its traditional production as a by-product of bauxite and zinc refining. That means it could carry lower operating and capital costs, Tiwari says, making Mons a strategic asset for the West's supply of the commodity, currently subject to trade war export controls from China, which has cut off supply to the United States. 'The recent CSIRO study validates the presence of high-grade gallium in chloritized schist which implies that extraction process is expected to be simpler and cost effective resulting potentially in lower opex and capex requirements,' Tiwari said. 'Nimy has assessed only ~10% of the target area indicating significant potential of further discovery of gallium and other critical minerals i.e. copper, gold, nickel at its Mons belt (district scale greenstone belt). 'We expect Nimy to generate cash through the cycle from the potential of high output combined with low opex and capex requirements which highlights the strong investment case.' Growing gallium market The gallium market is niche, clocking in at around 750tpa, but Tiwari noted there was strong demand for additional sources of supply for the commodity, with demand from tech, renewable energy and the defence sector on the rise. Gallium demand is expected to rise at a 24.5% CAGR between 2025 and 2032, while China dominates 98% of global output. 'The market capturing opportunity is huge considering that China accounts~98% of global gallium output and that supply diversification is utmost priority globally,' Tiwari said. 'We expect an upward trend in gallium prices in the future, a key catalyst for Nimy.' Gallium is listed as a critical mineral in Australia, the key US market, the EU, Japan, Korea and the UK. ECR has benchmarked the mid-point of Nimy's gallium exploration to close peers to assess its valuation, adding a conservative premium of 35% on the high potential of further gallium discoveries at Block 3. It also noted the upside in the Masson project, which sits within Mons, and has returned significant intercepts of nickel, copper, cobalt and platinum group elements. 'Our EV/Resource valuation methodology has valued Nimy at A$0.17 per share in a base-case scenario and A$0.25 per share in a bull-case scenario,' Tiwari said. 'Our midpoint target price of A$0.21 per share indicates an 162% upside potential to the current share price of A$0.08 per share. We highlight that our valuation is conservative given that NIMY's vast and prospective greenstone belt contains multiple Masson style deposits in the northern section of the tenement.' Rerate potential Investors have already taken a shine to the stock since its gallium breakthrough started to penetrate the market. Nimy shares are up 35% this year so far, and rose 16.05% on Monday to 9.4c. Tiwari believes there are a number of catalysts emerging for the explorer, with more drilling on the way and a maiden JORC resource due later this year. That will be a key next step for Nimy. Initial metallurgical testwork is also about to begin in partnership with Curtin University, which will deliver insights into gallium recoveries and the optimal extraction method and flowsheet for the project. The Curtin University agreement is supported by the Resources Technology and Critical Minerals Trailblazer, funded by the WA Department of Education. Other potential catalysts include the release of an expected scoping study based on the JORC resource definition due in the second half of 2025, and phase 2 drilling at Block 3 which began yesterday as Nimy looks to book in a maiden resource. 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.
