Nimy Resources advances Phase 2 drilling at WA Gallium discovery

Nimy Resources (ASX:NIM) has secured Raglan Drilling to conduct its Phase 2 drilling program at the Block 3 gallium discovery in Western Australia, aiming to extend known mineralisation by 400m while infilling established areas.

The drilling, funded by a recent share placement, is expected to support the completion of a maiden JORC resource, advancing Nimy's collaboration with US-based M2i Global, a specialist in critical mineral supply chains for the US government.

Managing Director Luke Hampson highlighted the significance of the high-grade discovery amid China's export restrictions on gallium, a critical metal essential for advanced technologies, including military applications.

Hampson noted the opportunity for Nimy to serve as a reliable supplier to Western markets facing restricted access to gallium.

Samples from the drilling will undergo metallurgical test work to explore extraction methods.

With gallium prices projected to grow at a compound annual growth rate of 24.3% and rising defence spending in Europe, Nimy aims to position itself as a key player in the global gallium market.

At the time of reporting, Nimy Resources' share price was $0.065.