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Nimy Resources Ltd (NIM), via its wholly owned subsidiary Nimy Pty Ltd, holds a 100% interest in the Mons Nickel Project, which sits in the western portion of the Yilgarn Craton in the heart of Western Australia. The Yilgarn Craton is in a tier one mining jurisdiction, hosting substantial nickel, gold and other resources. The Mons Nickel Project tenements are located 140km north of Southern Cross and north west of the internationally famous Kambalda nickel district.

Within that larger setting the Mons Nickel Project is situated at the northern end of the Forrestania nickel belt, which hosts a world scale nickel endowment at the southern end with numerous other high grade nickel deposits extending to the north.

The Nimy maiden drill campaign commenced in October 2020, with a total of 20 RC holes being drilled to approximately 200m depth. Some sixteen holes in that program intersected substantive widths of nickel mineralisation with mineralisation in many instances ongoing at end of hole. Mineralisation is consistent with komatiite mineralisation and proved the region fertile for nickel sulphide mineralisation.

Listing date 22 November 2021 12:30 PM AEDT ##
Company contact details https://nimy.com.au/
Principal Activities Mining exploration
Issue Price AUD 0.20
Issue Type Ordinary Fully Paid Shares
Security code NIM
Capital to be Raised $7,500,000
Expected offer close date 10 November 2021
Underwriter Not underwritten. Raven Corporate Management Pty Ltd (Lead Manager)
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