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Nimy Resources Limited (ASX:NIM)

ALERT: Price-sensitive ASX Announcement for NIM
Current share price for NIM : $0.046 0.004 (9.52%)+
Announcement
Release
26 Aug 2026 9:12AM
Price at Release
$0.042
Full Release
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Summary
Nimy Resources Limited has reported high extraction rates of gallium and rare earth elements from its Mons Project's Block 3, highlighting its potential as a major supplier to Western markets. The project, located in Western Australia and boasting one of the world's highest-grade gallium deposits, has achieved extraction rates of 84% for gallium and 80-95% for REEs. The proprietary process technology developed by Nimy, and ongoing collaborations with Strategic Metallurgy and Curtin University, are expected to enhance process optimisation and economic viability. These advancements aim to position Nimy as a key player in reducing Western reliance on Chinese gallium and REE sources.
Key Points
  • High extraction rates of gallium (84%) and rare earth elements (REEs) (80-95%) were achieved in initial metallurgical test work.
  • Nimy Resources' testwork on Block 3, part of the Mons Project, indicates strong potential for supplying critical minerals to Western markets.
  • The Block 3 deposit is one of the highest-grade gallium deposits globally, with a maiden JORC Inferred Resource of 2,700 tonnes of gallium trioxide and 32,600 tonnes of total rare earth oxides.
  • The company has proprietary process technology and flowsheet knowledge, crucial for further process optimization and development.
  • Nimy is collaborating with Strategic Metallurgy and Curtin University on process performance improvements.
  • The ongoing research program includes stages for metallurgical characterisation, beneficiation, and hydrometallurgical extraction.
  • The project aims to address the global demand gap, particularly in non-Chinese sources of gallium and REEs.
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.