Nimy Resources Limited (ASX:NIM)

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 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.

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)