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Nimy Resources Limited (ASX:NIM)

ALERT: Price-sensitive ASX Announcement for NIM
Current share price for NIM : $0.046 0.001 (2.22%)+
Announcement
Release
23 Jul 2026 9:05AM
Price at Release
$0.045
Full Release
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Summary
The June 2026 Quarterly Activities and Cash Flow Report for Nimy Resources Limited highlights significant developments at the Mons Project in Western Australia, with strong gold soil assays leading to the prioritization of a new target named 'Corporate James'. A second major gold anomaly, 'Corporate James South', has also been discovered, indicating extensive potential for gold exploration. The company has secured funding to advance research into establishing Australia’s first gallium processing capability, vital for strategic supply chains. Nimy Resources has a closing cash balance of $3.92 million as of 30 June 2026 and plans further exploration activities, including an EM survey and further drilling at the Corporate James Gold prospect in the upcoming quarter. There were no production or development activities reported for the quarter.
Key Points
  • Strong gold soil assays at Mons with a new priority target 'Corporate James'.
  • Surface gold anomaly significantly extended with the discovery of 'Corporate James South'.
  • Funding secured for gallium research to establish Australia's first gallium processing capability.
  • Cash at Bank is $3.92m as of 30 June 2026.
  • Upcoming extensive ground base metals EM survey.
  • Plans for drilling in the September Quarter at Corporate James Gold prospect.
  • No mining production and development activities during the quarter.
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.