Nimy Resources Unveils Significant High-Grade Gallium Discovery at Mulgarama

Major Drilling Program Underway to Define Maiden JORC Resource

Nimy Resources (ASX: NIM) has commenced its Phase 2 drilling program at the high-grade Block 3 Gallium prospect in Western Australia. The program aims to expand the known high-grade gallium mineralisation and support the development of a maiden JORC resource at what could potentially become a significant gallium deposit.

The drilling will test the previously defined Block 3 gallium exploration target announced in January, extending the known mineralisation along strike and down dip. A key focus will be the newly identified Block 3 Central Target within the larger 3km x 1.5km Block 3 prospect area.

"The commencement of this round of drilling at the Block 3 Gallium discovery is significant as we move forward in defining a world-class JORC compliant high-grade gallium deposit," said Nimy Managing Director Luke Hampson. "Concurrently, Curtin University are working on metallurgical testing following CSIRO identification of high-grade 400-800 g/t gallium in chlorite. These exploration milestones move Nimy Resources closer to meeting the need of gallium customers who have made initial enquiries as to our progress."

Program Details and Timeline

The comprehensive Phase 2 program includes:

• Expansion drilling to grow the mineralisation along strike length
• Infill drilling within the established mineralised area
• Testing of the newly defined Block 3 Central Target
• Sample collection for ongoing metallurgical tests at Curtin University

The drilling program is expected to take approximately three weeks to complete, with assay results to be released as soon as feasible. Following the interpretation of Phase 2 results, Nimy Resources plans to commence a Phase 3 drill program to further expand the resource potential.

Strategic Gallium Position in Growing Tech Market

Nimy Resources' Block 3 discovery represents a potentially significant development in the global gallium supply chain at a time when demand for this critical technology metal is accelerating. Gallium is essential in semiconductor manufacturing, particularly for gallium nitride (GaN) and gallium arsenide (GaAs) applications in 5G networks, electric vehicles, and renewable energy systems.

The company's exploration target covers only the eastern segment of the much larger Block 3 prospect, suggesting significant expansion potential as exploration continues. Furthermore, the recent high-grade gallium discovery at Mulgarama has created additional exploration runway for the company.

Understanding Gallium: A Critical Technology Metal

Gallium has been classified as a critical mineral by many countries including the US, EU, and Australia due to its essential role in advanced electronics and limited global production. Unlike many metals, gallium is not typically mined directly but generally recovered as a byproduct of aluminium processing from bauxite, making primary gallium deposits relatively rare.

The metal's properties make it valuable in:

• Semiconductor manufacturing (particularly for 5G technologies)
• LED production
• Solar panel development
• Artificial intelligence infrastructure
• Defence and aerospace applications

High-grade primary gallium deposits like Nimy Resources' Block 3 discovery are uncommon, potentially positioning the company as a notable player in the supply chain for this critical technology metal.

Building Momentum Through Strategic Partnerships

Nimy has positioned itself to maximise the value of its gallium discovery through key partnerships:

• Curtin University Collaboration: A Memorandum of Understanding signed in March 2025 to conduct gallium-related research and metallurgical testing
• M2i Global Partnership: A collaboration agreement focused on gallium applications and potential offtake opportunities
• CSIRO Technical Support: Identification of high-grade gallium in chlorite samples, guiding metallurgical approaches

These partnerships demonstrate Nimy's approach to advancing the Block 3 gallium discovery from exploration through to potential production pathways. In addition, companies in similar sectors have found success through rare earth consortium strategic partnerships that enhance development capabilities.

Investment Case: Why Nimy Resources Stands Out

Nimy Resources presents an investment case based on several key factors:

1. First-Mover Advantage: Developing what could potentially be a significant primary gallium resource when global supplies are increasingly constrained

2. Strategic Metal Focus: Gallium's role in semiconductors, 5G, and renewable technologies positions it as an important metal for future technologies

3. Exploration Upside: The Block 3 target extends beyond the currently defined exploration area, with the prospect spanning 3km x 1.5km

4. Development Pathway: Systematic approach from exploration to metallurgical testing to resource definition

5. Strategic Partnerships: Collaborations with Curtin University, CSIRO, and M2i Global demonstrate industry engagement

The company completed a capital raise in December 2024, specifically aimed at expanding its gallium exploration activities. With approximately 208 million shares on issue, Nimy is structured to provide investors with focused exposure to the gallium opportunity, similar to companies receiving strong investor support for drilling campaigns in other critical minerals.

The Mons Project: More Than Just Gallium

While the Block 3 gallium discovery is generating significant attention, it sits within Nimy's larger Mons Project, a district-scale opportunity spanning approximately 80km x 30km over 17 tenements with a total area of around 3,004km².

The Mons Belt represents one of Australia's newer greenstone belt discoveries in the Yilgarn Craton, offering multi-commodity potential including copper, nickel, cobalt, gold, and PGEs in addition to gallium. The company has already made discoveries across the project area, including the Masson prospect (Cu, Ni, Co, Au & PGEs).

This broader exploration potential provides investors with multiple avenues for value creation beyond the immediate gallium opportunity at Block 3. Some mining companies have followed a similar approach with strategic expansion of gold projects to diversify their portfolio.

Why Investors Should Watch Nimy Resources

Nimy Resources presents an opportunity to gain exposure to a potentially significant gallium resource at a time when critical minerals are increasingly in focus for governments and industries worldwide.

The company's systematic approach to exploration, combined with its strategic partnerships and focus on value creation, positions it to potentially capitalise on the growing demand for gallium in advanced technologies.

With multiple catalysts on the horizon, including:

• Phase 2 drilling results expected in the coming months
• Metallurgical testing outcomes from Curtin University
• Definition of a maiden JORC resource
• Planned Phase 3 drilling program
• Ongoing discussions with potential gallium customers

Nimy Resources offers investors an opportunity to participate in the development of a critical mineral resource with growing global importance.

As the company advances the Nimy Resources gallium discovery toward resource definition and continues to explore the broader potential of the Mons Belt, 2025 could be a significant year for Nimy Resources and its shareholders.

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