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Nimy Resources (ASX:NIM) has revealed significant gold soil geochemistry results at its Mons Project in Western Australia, highlighting a new priority target named "Corporate James" along a 720-metre north-south strike. Additionally, a second major gold anomaly, "Corporate James South," was discovered 3.6 kilometres southwest of the initial prospect, extending the gold anomaly trend over an untested 85-kilometre corridor. Simultaneously, the company secured $550,000 in funding from the Minerals Research Institute of Western Australia to support gallium processing research aimed at establishing Australia's inaugural domestic gallium processing capability for this critical mineral.
Key Points
- Nimy Resources Limited (ASX:NIM) identified strong gold soil anomalies at the Mons Project through analysis of 3,076 soil samples collected since late 2025.
- The Corporate James gold prospect yielded the highest gold anomalies and is prioritized for follow-up drilling in the September Quarter 2026.
- A second major gold anomaly, Corporate James South, was found 3.6 kilometres southwest of Corporate James, extending the gold anomaly trend to approximately 16 kilometres.
- Nimy secured $550,000 in funding from MRIWA for a three-phase gallium processing research program with Curtin University, targeting Australia’s first gallium processing capability.
- The company holds a Maiden Inferred Gallium Resource at Mons Block 3 of 7.23 million tonnes at 102 grams per tonne Ga8O3 (at 70g/t cut-off).
- Cash at bank was $3.92 million as of 30 June 2026.
- Plans include an extensive ground base metals electromagnetic survey and metallurgical test work during the September Quarter.
Robust Gold Soil Assays Establish Corporate James as Key Exploration Focus
Nimy Resources identified multiple strong gold surface anomalies at its Mons Project in Western Australia through detailed analysis of 3,076 soil samples collected since late 2025. The gold anomalies align along a coherent 16-kilometre corridor adjacent to the eastern granite-greenstone contact, with an additional 85 kilometres of this trend remaining untested, indicating substantial exploration potential. The newly designated Corporate James prospect, exhibiting the highest gold anomalies along a 720-metre north-south strike, is prioritized for drilling in the September Quarter 2026.
Gold anomalies at Corporate James are linked with key pathfinder elements such as arsenic, antimony, bismuth, molybdenum, silver, tellurium, and tungsten, supporting the presence of orogenic and intrusion-hosted gold mineralisation at Mons. This multi-element signature strengthens the geological case for a significant gold system and underpins the upcoming drilling campaign planned for Q3 2026. The prioritization of Corporate James marks a major advancement in Nimy's active gold exploration within the Mons Greenstone Belt.
Discovery of Corporate James South Expands Gold Anomaly Over 16 Kilometres
A second significant gold-in-soil anomaly, "Corporate James South," was identified 3.6 kilometres southwest of the original Corporate James prospect announced on 9 June 2026. This new anomaly shares the same spatial relationship to the granite-greenstone contact and exhibits an identical multi-element pathfinder signature, including arsenic, antimony, bismuth, molybdenum, tellurium, tungsten, and silver. The consistent geological characteristics suggest a shared source and the potential for a larger mineralised system along the broader trend.
The Corporate James Trend now encompasses both anomalies, spanning roughly 16 kilometres and remaining open-ended along strike. This discovery significantly broadens the footprint of priority drill targets. The September Quarter 2026 drill program has been updated to include three zones: the original 720-metre Corporate James target, the newly identified south-western anomaly, and selected high-priority zones within the 16-kilometre corridor. This expanded focus enables a comprehensive assessment of gold potential across Mons during the upcoming quarter.
MRIWA Grants $550,000 to Propel Australia’s First Gallium Processing Research
Nimy Resources, in partnership with Curtin University, secured $550,000 from the Minerals Research Institute of Western Australia (MRIWA) to advance gallium processing research. Co-funded by Nimy and the Curtin-led Resources Technology and Critical Minerals Trailblazer, this two-year initiative aims to develop local methods to concentrate, extract, and refine gallium ores, establishing Australia’s first domestic gallium processing capability. This effort seeks to reduce dependence on foreign and non-western aligned gallium producers, a critical mineral essential for semiconductors, smartphones, LED lighting, solar panels, and high-performance electronics and defense applications.
The research, led by Dr. Jonah Gamutan of Curtin’s Western Australian School of Mines, is structured in three phases: mineral characterisation and process definition, extraction and purification technologies, and compound production with process optimisation. These phases set the foundation for future pilot-scale testing and commercialisation of gallium processing in Australia. The project complements Nimy’s existing Mons Gallium Project at Block 3, where a Maiden Inferred Resource has been reported, representing a strategic investment in domestic processing capabilities for this vital commodity.
Strong Gallium Resource at Mons Supports Processing Research
Nimy Resources’ Maiden Inferred Gallium Resource at Mons Block 3 underpins the ongoing processing research with Curtin University. At a 70-gram per tonne Ga8O3 cut-off, the resource totals 7.23 million tonnes grading 102 grams per tonne Ga8O3, containing 740 tonnes of gallium oxide. At a 20-gram per tonne cut-off, the resource expands to 64.3 million tonnes at 42 grams per tonne Ga8O3, containing 2,700 tonnes of gallium oxide. The resource also includes secondary elements such as total rare earth oxides and neodymium-praseodymium, enhancing its value proposition.
The company is conducting a scoping study on the Mons Block 3 Inferred Gallium Resource alongside metallurgical test work aimed at producing high-grade gallium concentrate. Nimy is also exploring opportunities to enter the U.S. market for gallium product sales, positioning itself to meet North American demand. This combination of a defined resource, dedicated research funding, and market development efforts advances Nimy’s gallium project toward potential commercialisation in the coming years.
Expanded Surface Sampling Targets Multi-Commodity Prospects at Mons
During the September Quarter 2026, Nimy Resources plans to implement an extended UltrafineTM surface geochemical program targeting additional gallium, gold, and base metal prospects within the underexplored Mons Greenstone Belt. This initiative aims to identify new exploration targets and broaden understanding of mineral potential across the project area. The Mons Greenstone Belt’s demonstrated multi-commodity mineralisation, including gold and gallium, will benefit from this expanded sampling to prioritise future drilling.
This surface sampling complements a planned extensive ground base metals electromagnetic survey across multiple high-priority prospects in the September Quarter. This integrated exploration strategy enables Nimy to evaluate the full mineral potential at Mons, including gold, gallium, and base metals, reflecting its commitment to systematic exploration and identification of drill-ready targets across multiple commodities.
September Quarter 2026 Exploration Program Focuses on Drilling and Metallurgical Testing
Nimy Resources has outlined a comprehensive exploration program for the September Quarter 2026, focusing on advancing the Corporate James Gold Prospect through targeted drilling. The program covers three zones: the original 720-metre Corporate James target, the Corporate James South anomaly 3.6 kilometres to the southwest, and selected high-priority areas within the 16-kilometre gold anomaly corridor. This multi-zone drilling approach facilitates systematic evaluation of gold prospectivity across the Mons Project.
Alongside drilling, Nimy will conduct an extensive ground base metals electromagnetic survey over key prospects and continue metallurgical test work on the Mons Block 3 Inferred Gallium Resource. The metallurgical efforts aim to develop a pathway for producing high-grade gallium concentrate, supporting the Curtin University-led three-phase research program. These integrated activities position Nimy to achieve significant progress in both gold and gallium projects during Q3 2026, potentially generating impactful results to attract investor interest.
Strategic Importance of Gallium Drives Government Support for Domestic Processing
Gallium is recognised as a critical mineral due to its vital role in semiconductors, smartphones, LED lighting, solar panels, and advanced electronics and defense applications. Global gallium supply is concentrated among a limited number of foreign producers, creating supply chain risks for countries seeking secure access. The Australian government, through MRIWA and the Curtin-led Resources Technology and Critical Minerals Trailblazer, prioritises developing domestic gallium processing to reduce reliance on foreign and non-western aligned sources.
Nimy’s involvement in this government-funded research aligns the company with strategic national priorities and enables development of proprietary gallium processing expertise. The $550,000 MRIWA funding highlights the importance of establishing processing capacity in Western Australia, home to Nimy’s Mons Project. By combining government support with its mineral resource, Nimy is well-positioned to contribute to Australia’s critical minerals sector growth while creating shareholder value through future commercialisation.
Robust Cash Position Supports Exploration and Research Initiatives
As of 30 June 2026, Nimy Resources held $3.92 million in cash, providing a solid financial base for upcoming exploration and research activities in the September Quarter and beyond. This cash reserve enables funding of the Corporate James drilling program, extensive ground base metals electromagnetic surveys, and ongoing metallurgical test work on the gallium resource. It also supports collaboration with Curtin University on the three-phase gallium processing research.
The company’s prudent cash management allows it to advance exploration without immediate capital raising. Nonetheless, the planned activities during and after the September Quarter may significantly draw on cash reserves. The timing and outcomes of drilling and geochemical surveys will influence future funding needs and help attract investment from shareholders and potential partners.
Mons Greenstone Belt’s Multi-Commodity Potential Attracts Investor Attention
Nimy Resources’ Mons Project in Western Australia offers a compelling multi-commodity exploration opportunity with evidence of both gold and gallium mineralisation. The Mons Greenstone Belt’s demonstrated prospectivity across multiple metals, supported by strong gold soil geochemistry and a defined gallium resource, lays a foundation for value creation. Nimy’s integrated approach to exploring precious and critical metals aligns with the increasing strategic demand for diversified mineral resources serving traditional and emerging markets.
The combination of active gold exploration, supported by sophisticated soil geochemistry and planned drilling, alongside advanced research targeting domestic gallium processing, positions Nimy as a multi-commodity explorer with both near-term exploration upside and longer-term development potential. The identification of Corporate James as a priority gold prospect and securing funding for gallium processing research highlight progress across the company’s portfolio, appealing to investors seeking exposure to gold and critical minerals in Western Australia.
