New WA nickel explorer Nimy Resources (ASX: NIM) has hit the ground running, with the first stage of its multi-pronged exploration program already well underway.

Fresh from raising $6 million after costs via its IPO, Nimy is exploring for nickel sulphides at its Mons Project in the northern end of WA’s world-famous Forrestania Nickel Belt.

The Forrestania Nickel Belt hosts a world-class nickel endowment at the southern end with numerous other high-grade nickel deposits extending to the north, including Spotted Quoll, Flying Fox and Cosmic Boy.

Nimy is chaired by De Grey Mining (ASX: DEG) chairman Simon Lill.

As part of the accelerated ramp up of its exploration program at Mons, Nimy is conducting a large-scale Moving Loop Electro-Magnetic (MLEM) survey.

This is a key tool for identifying bedrock conductors which could hold nickel sulphides. The results, along with those from the supporting soil sampling program, will be used to refine the drilling targets for testing early next year.

Mons, which is located 140km north of Southern Cross, features a very similar geological setting to the southern end of the Forrestania belt and the Kambalda nickel belts.

The MLEM geophysical surveying technique has played a key role in the discovery of large-scale nickel sulphide deposits across WA.

At Mons, the MLEM survey has been positioned precisely over a highly prospective geological zone which contains a stacked sequence of mafic/ultramafic rocks, which are typical for hosting nickel and gold deposits across the Yilgarn craton.

The results from this survey will enable Nimy to prioritise prospective areas for follow-up exploration and subsequent drilling.

Nimy managing director Christian Price said the start of the MLEM survey was an important milestone for the company.

“Mons has an outstanding address in geological terms and is highly prospective for the nickel sulphides which are a key ingredient in lithium batteries,” Price said.

“Our aggressive exploration program, coupled with the proceeds from the successful IPO, means we are set to generate strong newsflow over coming months.”

Mons is already known to host the all-important geological structures called komatiites, which contain the nickel at Kambalda. In simple terms, Nimy is looking for a repeat of Kambalda.

Limited gold drilling at Mons by previous holders highlighted prospective ultramafic rock sequences for follow up exploration.

Deep RC drilling and surface exploration by the Nimy exploration team has already identified a district-scale emplacement of a strategic mafic/ultramafic rock suite containing fertile Kambalda-style komatiites.