Nimy Resources Limited (AU:NIM) has released an update.
Nimy Resources Limited reported a productive quarter with key activities including the completion of Phase 1 drilling, spanning 2,880 meters across various targets, and the discovery of significant mineralisation, indicating the potential for a large, massive nickel-copper sulphide deposit. The company also received a notable $1.47 million research and development refund and closed the quarter with $1.568 million in cash reserves. Additionally, post-quarter drilling assays revealed elevated levels of copper, gold, silver, gallium, and rare earth oxides, underscoring the potential of new mineralisation regions within their Masson and Block 3 targets.
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