Nimy Resources (NIM) continues to close in on highly valuable nickel sulphides, with the latest exploration results confirming several targets and identifying new ones.

The results of the company’s latest soil sampling program outline numerous anomalies across Mons. Some observers would say that the strong results are almost to be expected given Mons’ highly desirable address at the northern end of WA’s rich Forrestania nickel belt.

Its credentials are also demonstrated by the presence of its Chairman, Simon Lill, who chairs WA gold developer De Grey Mining (DEG).

Be that as it may, the strength of the anomalies is sure to warm the hearts of Nimy shareholders, who can now look forward to some highly promising drilling campaigns to test the targets.

Nimy Resources Executive Director Luke Hampson said the soil sampling results provided highly valuable insight into the possible source of the conductive plates modelled for nickel sulphides.

“Three additional prospects have now been identified characterised by strong nickel, sulphur soil responses and favourable underlying magnetic geophysics,” Mr Hampson said.

“Following on from our initial diamond drilling program and large-scale moving loop survey, we move into our reverse circulation program with heightened expectation and confidence in the work done to identify these prospects”.

The latest results include two strong anomalies at the Dease Gossan Prospect which are coincident with the two MLEM plates already identified there.

At the North Tip Prospect,  an elevated sequence of nickel has been outlined along strike from a conductor plate while at the North Lake prospect and anomalous sequence of nickel has been outlined which is coincident with an MLEM conductor plate.

Several new prospects have also been identified characterised by strong nickel and copper.

News of the highly promising nickel anomalies comes hot on the heels of Nimy’s revelation last week that it had made a potentially-lucrative addition to the exploration riches emerging at Mons, with soil sampling outlining a large lithium anomaly.

The high-grade lithium anomaly has been outlined over 2.8km, making it a significant drilling target by any measure.

Nimy pointed out that there were key parallels between its anomaly and the anomaly which led to the discovery of the huge Earl Grey lithium deposit south of Mons.

Earl Grey is the centre piece of the Mt Holland lithium project, which is now owned by Wesfarmers. Wesfarmers acquired the project via its $776 million takeover of Kidman Resources in 2019. Nimy has a market capitalisation of just $32 million.

Mt Holland also sits on the Forrestania Nickel Belt.

Mr Hampson said the strength of the results at Mons “aligns with the Earl Grey deposit discovery within the Forrestania Belt south along strike from the Mons Project”.

News of the lithium anomaly came just a few weeks after Nimy announced more assays which revealed drilling had interested large widths of nickel mineralisation with cobalt and magnesium oxide.

The results also confirmed the presence of nickel sulphide-bearing komatiite to the end of the holes.

Mr Hampson said the results were further evidence of a potentially large, mineralised nickel system at Mons.

“The Nimy exploration strategy is targeting significant high grade nickel massive sulphides and large low grade nickel sulphide deposits within komatiite flows,” he said.

“The consistency of nickel sulphide mineralisation associated with magnesium oxide mineralisation shows we are in a large komatiite system and are now methodically working towards where the nickel  is concentrated.

“Nimy is well on the way to establishing a significant nickel province across the 2564km² tenement holding.”



This article was developed in collaboration with Nimy Resources, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.