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Highlights
- Nimy Resources reports more strong gallium assay results at Block 3.
- Mineralisation confirmed across all four latest drill holes.
- Exploration continues to support standalone project potential.
Nimy Resources (ASX:NIM) has reported further significant gallium assay results from its Phase 2 drilling program at the Block 3 project in Western Australia. The latest batch of results has continued to highlight the growing potential of the site, with assays revealing high-grade gallium mineralisation from surface across all four newly drilled holes.
These promising outcomes follow the initial assays released in mid-June, which confirmed both the extension and infill of known gallium zones. The continued success across multiple drill targets is drawing considerable international interest and positioning Block 3 as a project of global relevance.
Resource Area Expands with Strong Continuity
The new drill results have expanded the mineralised zone at Block 3 to an area measuring approximately 450 metres by 300 metres. These findings point to strong geological continuity and reinforce the consistency of gallium mineralisation across the targeted area.
Key assay highlights include:
- 1 metre @ 394 grams per tonne gallium from 188m (hole NRRC138)
- 1 metre @ 462g/t gallium from 202m (hole NRRC140)
- 4 metres @ 140g/t gallium from 4m (hole NRRC141)
In total, all four holes encountered gallium from surface to the end of the hole, enhancing confidence in the scalability of the project. Results are now pending from a further 17 holes as Nimy continues to test and expand the gallium-hosting chlorite schist zone.
Standalone Project Potential Taking Shape
With each round of drilling, the Block 3 project is showing greater potential to stand independently as a gallium-focused development. The company is progressing its exploration and development strategy to support broader market demand for gallium, a critical metal used in electronics and semiconductors.
The global gallium market was valued at approximately $38.2 million in 2023 and is forecast to grow at a compound annual growth rate of 7.0%, reaching $61.4 million by 2030. This rising demand is enhancing the commercial outlook for companies developing high-grade deposits.
Strategic Outlook and Market Position
Nimy Resources is actively advancing towards defining a maiden JORC resource at Block 3. With ongoing drill campaigns and further assay results pending, the project is steadily progressing towards development milestones. The company is also engaged in discussions with potential offtake and funding partners in key international markets.
While not currently among the ASX 200 companies, the progress at Block 3 is establishing Nimy as a noteworthy player in Australia's critical minerals landscape, especially within the rapidly expanding gallium sector.
