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Nimy Resources Limited (ASX:NIM)

ALERT: Price-sensitive ASX Announcement for NIM
Current share price for NIM : $0.045 0.005 (12.50%)+
Announcement
Release
16 Jul 2026 9:03AM
Price at Release
$0.040
Full Release
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Summary
Nimy Resources Limited is set to commence a comprehensive ground Electromagnetic (EM) survey at its Mons Project in Western Australia. This large-scale survey is targeting four high-priority prospects: Masson, Masson NE, Sneaky Squirrel, and Block 3, following significant base and precious metal mineralization identified in previous drilling. The Mons Project, underlain by complex sedimentary and volcanic rocks, has shown potential for Volcanogenic Hosted Massive Sulphide (VHMS) and magmatic sulphide mineralization. The EM survey aims to delineate discrete drill targets associated with sulphide mineralization systems, advancing the systematic exploration of this underexplored multi-commodity greenstone target. The project is part of Nimy's effort to unlock the potential of the Mons Belt, a district-scale discovery with significant untapped mineral resources.
Key Points
  • Nimy Resources to commence extensive ground EM surveys at Mons Project.
  • Target areas include Masson, Masson NE, Sneaky Squirrel, and Block 3.
  • Mons Project has significant potential for VHMS and magmatic sulphide deposits.
  • The EM survey is designed to delineate discrete drill targets.
  • The survey is part of a systematic exploration of the Mons Belt.
  • Mons Belt offers multi-commodity potential, including Cu, Ni, Co, Au, PGE.
  • Nimy Resources focuses on creating shareholder value through systematic exploration.
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.