NIM - Nimy Resources

[System]

Nimy Resources Limited, via its wholly owned subsidiary Nimy Pty Ltd, holds a 100% interest in the Mons Nickel Project, which sits in the western portion of the Yilgarn Craton in the heart of Western Australia. The Yilgarn Craton is in a tier-one mining jurisdiction, hosting substantial nickel, gold and other resources. The Mons Nickel Project tenements are located 140km north of Southern Cross and north-west of the internationally famous Kambalda nickel district.

Within that larger setting the Mons Nickel Project is situated at the northern end of the Forrestania nickel belt, which hosts a world-scale nickel endowment at the southern end with numerous other high-grade nickel deposits extending to the north.

Nimy’s maiden drill campaign commenced in October 2020, with a total of 20 RC holes being drilled to approximately 200m depth. 16 holes in that program intersected substantive widths of nickel mineralisation with mineralisation in many instances ongoing at end of hole. Mineralisation is consistent with komatiite mineralisation and proved the region fertile for nickel sulphide mineralisation.

It is anticipated that NIM will list on the ASX on 22 November 2021.

https://nimy.com.au

 

[Dona Ferentes]

Listing date	22 November 2021 12:30 PM AEDT ##
Company contact details	https://nimy.com.au/ Ph: +61 8 9261 4600
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	NIM
Capital to be Raised	$7,500,000
Expected offer close date	10 November 2021
Underwriter	Not underwritten. Raven Corporate Management Pty Ltd (Lead Manager)

 

[Dona Ferentes]

A diamond hole at Nimy's Mons Project in WA intersected 54m of nickel-copper sulphides from 118m.

... up 25 per cent. A market cap of $14M

Nimy executive director Luke Hampson says the intersection of 54m of substantial sulphide mineralisation is “clearly a game-changer for Nimy”.

“Importantly, the result is entirely consistent with the conductor plates we have modelled using geophysics,” he says.

“In light of this result, we are moving quickly to do DHEM and FLEM surveys to gain further understanding of the size of the intrusive and to locate related anomalies around and below the discovered sulphide zone.”
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since listing at 20c

 

[noirua]

Nimy Resources announces strong nickel and copper hits at MONS, WA

Nickel exploration company Nimy Resources (NIM) has inked a new prospect on-site its WA-based MONS project.

themarketherald.com.au

December 8, 2023

• Nimy Resources (ASX:NIM) has hit nickel copper on-site at its WA-based MONS project
• However, low grades and short intersections have caused a 25 per cent selloff in the stock today
• Those low-grade small intersections also came in at considerable depth for a microcap
• Management is bullish on the case for a widespread mineral system underground