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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 research funding from the Minerals Research Institute of Western Australia to advance gallium processing research, aiming to establish Australia's inaugural domestic gallium processing capability for this strategically 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 prioritised for follow-up drilling in the September Quarter 2026.
- A second significant 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 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 reserves stood at $3.92 million as of 30 June 2026.
- An extensive ground base metals electromagnetic survey and metallurgical test work are planned for the September Quarter.
Robust Gold Soil Assays Establish Corporate James as Top Exploration Priority
Nimy Resources identified multiple strong gold surface anomalies at its Mons Project in Western Australia through analysis of 3,076 soil samples collected since late 2025. The gold anomaly extends coherently along a 16-kilometre corridor parallel to the eastern granite-greenstone contact, with an additional 85 kilometres of untested strike, indicating substantial exploration potential. The newly designated Corporate James prospect has delivered the highest gold anomalies along a 720-metre north-south trending strike and is slated for follow-up drilling in the September Quarter 2026.
Gold anomalies at Corporate James are linked with 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 planned drilling activities in Q3 2026. Corporate James' prioritisation marks a key advancement in Nimy's active exploration within the Mons Greenstone Belt.
Discovery of Corporate James South Expands Gold Anomaly Trend to 16 Kilometres
A second major 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 the same multi-element pathfinder signature, including arsenic, antimony, bismuth, molybdenum, tellurium, tungsten, and silver. The consistent geological features suggest a common source and potential for a larger mineralised system across the broader trend.
The Corporate James Trend now encompasses both anomalies across roughly 16 kilometres and remains open along strike, significantly enlarging the footprint of priority drill targets. The September Quarter 2026 drill program has been updated to cover three zones: the original 720-metre Corporate James target, the newly identified south-west anomaly, and selected high-priority areas along the 16-kilometre corridor. This expanded focus enables a comprehensive assessment of gold potential throughout the Mons Project in the upcoming quarter.
Government-Backed MRIWA Funding Propels Australia's First Gallium Processing Research
Nimy Resources and Curtin University secured $550,000 from the Minerals Research Institute of Western Australia (MRIWA) to advance gallium processing research. The project, co-funded by Nimy and the Curtin-led Resources Technology and Critical Minerals Trailblazer, spans two years and aims to develop local methods to concentrate, extract, and refine gallium ores. The goal is to establish Australia's first domestic gallium processing capability, reducing reliance on foreign and non-western aligned suppliers for this critical mineral used in semiconductors, smartphones, LED lighting, solar panels, and advanced electronics and defence.
The research program, led by Dr Jonah Gamutan of Curtin's Western Australian School of Mines, involves three phases: mineral characterisation and process definition, extraction and purification technologies, and compound production with process optimisation. These stages aim to pave the way for future pilot-scale testing and commercialisation of gallium processing in Australia. This initiative 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 development.
Mons Gallium Project Resource Underpins Processing Research Efforts
Nimy Resources holds a Maiden Inferred Gallium Resource at Mons Block 3, forming the basis for ongoing processing research with Curtin University. At a 70-gram per tonne Ga8O3 cut-off, the resource totals 7.23 million tonnes at 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 the ore's value potential.
The company is conducting a scoping study on the Mons Block 3 Inferred Gallium Resource and continuing metallurgical test work to establish a pathway for producing high-grade gallium concentrate. Nimy is also exploring U.S. market opportunities for gallium product sales, positioning itself to meet North American demand. The combination of an existing resource, dedicated research funding, and market development efforts positions Nimy to advance its gallium project toward commercialisation in the coming years.
Expanded Surface Sampling Program Targets Multiple Commodities at Mons
Nimy Resources plans an extended UltrafineTM surface geochemical program targeting additional gallium, gold, and base metal prospects across the underexplored Mons Greenstone Belt during the September Quarter 2026. This sampling aims to identify new exploration targets and broaden understanding of mineral prospectivity across the project area. The Mons Greenstone Belt has demonstrated multi-commodity potential, with strong evidence of gold and gallium mineralisation, and this extended program will help prioritise future exploration and drilling.
This surface sampling complements a planned extensive ground base metals electromagnetic survey over multiple high-priority prospects during the September Quarter. This integrated exploration strategy enables Nimy to assess the full mineral potential at Mons, including gold, gallium, and base metals, reflecting the company’s commitment to systematic exploration and drill-ready target identification across commodities to maximise portfolio value.
September Quarter 2026 Exploration Program Includes Drilling and Metallurgical Activities
Nimy Resources has outlined a comprehensive exploration program for the September Quarter 2026 focused on advancing the Corporate James Gold Prospect with a dedicated drilling campaign. The program covers three zones: the original 720-metre Corporate James target, the newly identified Corporate James South anomaly 3.6 kilometres southwest, and selected high-priority zones across the broader 16-kilometre gold anomaly corridor. This multi-zone drilling approach will systematically evaluate gold prospectivity across Mons during the quarter.
Alongside gold drilling, Nimy will conduct an extensive ground base metals electromagnetic survey over multiple high-priority prospects and continue metallurgical test work on the Mons Block 3 Inferred Gallium Resource. The metallurgical work aims to develop a pathway for producing high-grade gallium concentrate, supporting the three-phase Curtin University research program. These integrated exploration and development initiatives position Nimy to achieve significant progress on both gold and gallium projects in Q3 2026, potentially generating impactful results to attract investor interest.
Strategic Importance of Gallium Spurs Government Support for Domestic Processing
Gallium is recognised as a strategically vital mineral due to its critical role in semiconductors, smartphones, LED lighting, solar panels, and high-performance electronics and defence applications. Global gallium supply is concentrated among a few 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 capabilities to reduce dependence on foreign and non-western aligned suppliers.
Nimy's involvement in this government-funded research program positions the company to benefit from strategic policy support and develop proprietary gallium processing expertise. The $550,000 funding from MRIWA underscores the importance of building domestic processing capacity in Western Australia, home to Nimy's Mons Project. Combining government investment with its mineral resource, Nimy is well-placed to contribute to Australia's critical minerals sector growth while creating shareholder value through future commercialisation.
Strong Cash Position Supports Upcoming Exploration and Research Initiatives
As of 30 June 2026, Nimy Resources held $3.92 million in cash, providing a solid financial base for planned exploration and research activities in the September Quarter and beyond. This cash reserve supports funding for the Corporate James drilling program, the extensive ground base metals electromagnetic survey, and ongoing metallurgical test work on the gallium resource. It also enables continued partnership activities with Curtin University and participation in the three-phase gallium processing research project.
The company’s prudent cash management allows it to advance exploration without immediate capital raising. However, executing the September Quarter exploration program may significantly draw on cash reserves. The timing and outcomes of drilling and geochemical surveys will be critical in determining future funding needs and attracting investment from shareholders and potential partners.
Mons Greenstone Belt Multi-Commodity Exploration Attracts Broader Investor Interest
Nimy Resources’ Mons Project in Western Australia offers a multi-commodity exploration opportunity with demonstrated gold and gallium mineralisation. The Mons Greenstone Belt shows prospectivity across multiple metals, with strong gold soil geochemistry and an inferred gallium resource laying a foundation for value creation. Nimy’s integrated exploration approach targeting precious and critical metals aligns with the strategic importance of diversified mineral resources serving traditional and emerging markets.
Active gold exploration supported by a detailed soil geochemical program and planned drilling, combined with advanced research into domestic gallium processing, positions Nimy as a multi-commodity explorer with near-term upside and long-term development potential. The identification of the Corporate James gold prospect and secured funding for gallium processing research highlight progress across the portfolio, appealing to investors interested in exposure to gold and critical minerals in Western Australia.
