Private Placement Offer utilising the company’s Listing Rule 7.1 and 7.1A capacity to raise up to $2.00mil with the ability to take oversubscriptions at $0.085. The offer comes with a 1 for 2 free attaching option. The terms of the options are $0.135 exercise price, expiring 3 years from the date of issuance. The issuance of the options will be subject to shareholder approval at an upcoming general meeting.
Nimy Resources Limited (ASX:NIM)
NIM1
Lead Manager
Offer Price
A$0.0850
per share
Offer Size
A$2,000,000
Offer Details
Issue Price (Per Share)
A$0.0850
Discount
6.59%
Offer Size
A$2,000,000
Shares Available
23,529,411
Documents & Downloads
Company Overview
Nimy Resources is an advanced Australian metals exploration company focusing on its Mons Project, which encompasses a suite of metals including Gallium, Copper, and Rare Earth Elements (REEs). The project spans ~3,005km2 of highly fertile geological territory in Western Australia, known for multiple significant mineral discoveries.
Block 3 – Gallium
The Block 3 East prospect has become the company’s flagship, following the identification of one of Australia’s highest-grade gallium mineralisation. Drilling across a shallow, broad zone has confirmed significant gallium from surface, with mineralisation remaining open in all directions and at depth.
The current mineralisation model defines a multi-domain system, with gallium mineralisation identified within saprolite, saprock, and fresh schist units. High-grade zones exceeding 100 g/t Ga₂O₃ are observed across both weathered and fresh rock profiles. Notably, gallium concentrations ranging from 400 to 800 g/t have been intersected within chloritised schist.
Importantly, the mineralised footprint remains only partially tested. A soil anomaly covering 3km x 1.5km (mean 30g/t Ga₂O₃, peak 47g/t) suggests significant expansion upside. Follow-up work using resistivity depth imaging (RDI) has identified a 900m x 300m target west of Block 3 East with coincident IP and geochemical anomalies.
Significant drill intercept results at Block 3 include:
• 240m (0–EOH) @ 68g/t Ga₂O₃ (NRRC0121) o Incl. 72m @ 117g/t Ga₂O₃ (Peak: 1m @ 495g/t Ga₂O₃) • 240m (0–EOH) @ 50g/t Ga₂O₃ (NRRC0120) o Incl. 52m @ 105g/t Ga₂O₃ (Peak: 1m @ 369g/t Ga₂O₃) • 32m @ 102g/t Ga₂O₃ from 16m (24NRRC0128) • 8m @ 118g/t Ga₂O₃ from 84m (24NRRC0130) • 8m @ 102g/t Ga₂O₃ from 160m (24NRRC0129) • 12m @ 99g/t Ga₂O₃ from surface (24NRRC0130)
Strategic Collaboration Agreements
Nimy Resources has entered into a strategic collaboration with M2i Global, a US listed specialist in critical mineral supply chains for the US Department of Defense and its allied partners. The agreement aims to establish a secure gallium supply chain from Australia into the US defense and semiconductor sectors. Additionally, Nimy is working with Curtin University to advance gallium metallurgy and process flow sheet development; CSIRO to undertake mineralogical studies.
Use of Funds
Use of Funds
Application
1.
Drilling to grow high-grade WA Gallium discovery
2.
Establish maiden JORC resource
3.
Advance discussions with US and European offtake partners
4.
Provide gallium samples to US and European consumers
5.
General Working Capital Purposes
Board & Management
Neil Warburton
Non-Executive Chairman
Neil brings with him over 40 years of experience and knowledge in the mining industry, as a former director of IGO Ltd, Barminco and current Non-Executive Chairman of Belararox Limited, Non-Executive Chairman of Northcliffe Group and Executive Chairman at Abyssinian Metals.
Luke Hampson
Managing Director
Luke has over 30 years in the mining industry and has led management teams working throughout the Asia Pacific region. Luke specialises in project asset management having 19 years experience at WesTrac Pty Ltd, 3 years at Rio Tinto Iron Ore and 11 years Managing Director of Cloonmore Mining and Energy.
Christian Price
Executive Director
Christian is a Mining Engineer and Mineral Economist with over 19 years of experience, in operation, technical and senior leadership roles in operating, development and exploration Australia most recently COO & CEO of ASX:REZ explorer and developer of projects in Western Australia and Queensland.
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Nimy Resources Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Nimy Resources Limited.
