Nimy Resources (ASX: $NIM) Company Update August 2024

Nimy Resources Limited (ASX: $NIM) has confirmed the exploration of a new 80km X 30km Western Australian greenstone belt in the Yilgarn Craton, located 370kms north-east of Perth. The company has successfully applied hi-tech exploration methods, leading to the discovery of highly promising mineralised massive and disseminated sulphides carrying nickel, copper, cobalt, platinum, palladium, gold, and silver. Nimy Resources is commencing drilling extensions of mineralisation discoveries from 5th August 2024, with a gold exploration strategy and model in development.

Executive Commentary

The executive team at Nimy Resources is excited about the confirmation of the new greenstone belt and the multi-commodity potential it holds. The successful application of advanced exploration methods has led to the discovery of significant mineralisation, particularly the massive sulphide discoveries carrying a range of valuable metals. We are looking forward to commencing the drilling extensions and further exploration to unlock the full potential of these discoveries.

Summary

Nimy Resources (ASX: $NIM) has made significant strides in confirming the exploration of a new Western Australian greenstone belt with multi-commodity potential. The company's successful application of advanced exploration methods has led to the discovery of highly promising mineralised massive and disseminated sulphides carrying nickel, copper, cobalt, platinum, palladium, gold, and silver. The commencement of drilling extensions and the development of a gold exploration strategy indicate a positive outlook for Nimy Resources as it continues to unlock the potential of its discoveries. The company's focus on hi-tech exploration methods and the successful identification of multiple occurrences point to a promising future for its corporate strategy and exploration activities.