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Nimy Resources Limited (ASX:NIM)

ALERT: Price-sensitive ASX Announcement for NIM
Current share price for NIM : $0.040 -0.01 (-20%)+
Announcement
Release
11 Jun 2026 9:00AM
Price at Release
$0.050
Full Release
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Summary
Nimy Resources Limited, in collaboration with Curtin University, has been awarded funding from the Minerals Research Institute of Western Australia (MRIWA) amounting to $550,000 for a two-year project aimed at advancing gallium processing research in Western Australia. This initiative is designed to develop a local gallium processing capability, which is crucial as gallium is a significant component in high-tech and energy-efficient products. The project will focus on innovative methodologies for concentrating, extracting, and refining gallium ores locally, thereby reducing reliance on foreign producers and positioning Western Australia as a leader in critical mineral innovation. Nimy Resources' Mons Project in Western Australia, which holds significant high-grade gallium deposits, is central to this development. The collaboration aims to position Western Australia as a global hub for critical minerals essential for the transition to clean energy.
Key Points
  • Nimy Resources and Curtin University awarded $550,000 for gallium processing research.
  • Project aims to reduce reliance on foreign producers of gallium.
  • Focus on developing local gallium processing capabilities in Western Australia.
  • Gallium is critical for high-tech and clean energy industries.
  • Mons Project in Western Australia holds significant gallium deposits.
  • Collaboration with Curtin University involves cutting-edge metallurgical research.
  • Western Australia to become a leader in critical minerals innovation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.