Latest news with #Nimy
Sydney Morning Herald
7 days ago
- Business
- Sydney Morning Herald
ASX Big Hits: Encounter, Nimy Resources and Hyterra
Preliminary pXRF analysis flagged significant niobium, which was confirmed by expedited laboratory analysis. The company's systematic exploration includes 15 priority targets across its West Arunta tenure for 2025. The air core rig has completed the first pass program at Joyce, with assays expected in August, and was then remobilised to Encounter's Steller prospect, 15km north along the Elephant Island Fault. The Elephant Island Fault hosts the Crean deposit, which comprises 3.5Mt of ore averaging 1.92 per cent niobium pentoxide. Encounter's next steps at Joyce will involve mobilising a reverse circulation rig to test the depth and width of high-grade zones, alongside ground gravity and passive seismic surveys to map deeper weathering and metal enrichment, following a trial at the Green prospect. Encounter's 40,000m drill program underscores its focus on uncovering major niobium and copper deposits in Australia's prospective mineral belts. With niobium's critical role in advanced technologies and Joyce's high-grade results, Encounter is well-positioned to capitalise on growing global demand for critical minerals. If successful, the exploration could potentially establish Encounter's Aileron project as a significant contributor to the niobium supply chain. Company: Nimy Resources (ASX: NIM) Project: Mons Project, Block 3, gallium project Location: 370km north-east of Perth Hit: 240m at 55g/t gallium oxide from surface to EOH, including 56m at 101g/t gallium oxide from 60m Peak value: 1m at 285g/t gallium oxide from 115m Nimy Resources has reported exceptional gallium oxide results from its Mons project, 140km north-northwest of Southern Cross in WA. Gallium metal and its oxide comprise a critical yet lesser-known commodity, increasingly vital due to their roles in technology - particularly amid recent supply constraints. China controls 98 per cent of global refined gallium products but imposed export controls in August 2023, triggering price spikes and supply chain concerns. Nimy's phase two reverse circulation drilling program at its Block 3 prospect delivered remarkable gallium oxide grades across four 240m-deep holes. The stand-out hole averaged 55 grams per tonne (g/t) gallium oxide - equivalent to 41g/t gallium metal, using a 1.3442 conversion factor - from surface to end-of-hole. The mineralisation remains open. The hole included 56m at 101g/t gallium oxide from 60m, a peak 1m interval of 285g/t gallium oxide from 115m, and a 4m composite of 126g/t gallium oxide from 188m. The final 20m averaged 30g/t gallium oxide across five 4m composites. The second hole yielded two high-grade zones: 20m at 102g/t gallium oxide from 40m, peaking at 141g/t gallium oxide over 4m from 56m, and 36m at 104g/t gallium oxide from 112m, with a peak 1m interval of 376g/t gallium oxide from 117m. The third hole intersected 28m at 59g/t gallium oxide from 216m to end-of-hole. The fourth hole returned 8m at 108g/t gallium oxide from 144m, with a peak 1m interval of 184g/t gallium oxide from 145m, and 20m at 63g/t gallium oxide from 220m to end-of-hole. Average grades for the three other holes were 57g/t, 37g/t, and 30g/t gallium oxide over their 240m lengths. These results, with mineralisation open in all directions, highlight Block 3's potential to meet soaring global gallium demand. Nimy plans to deliver an initial mineral resource estimate in the December quarter, following assays from its phase three program. Ongoing exploration is targeting extensions of the gallium-hosting chlorite schist, with mineralisation identified beyond current limits, suggesting resource expansion potential. Despite gallium's relative abundance in the Earth's crust, widely estimated at 19 parts per million of the elemental metal, economically viable deposits are rare, making Nimy's high-grade, coherent mineralised system a promising contributor to the West's gallium supplies. Company: Hyterra Ltd (ASX: HYT) Project: Nemaha project, Kansas, the United States Hit: High helium concentrations up to 4.4% in mud gas samples at Blythe 13-20 well. Hyterra Limited reported an exceptional helium discovery at its Nemaha project in Kansas, with mud gas samples from its Blythe 13-20 well showing helium concentrations up to 4.4 per cent. This is a significant find, surpassing typical helium levels in the region and marking a rare occurrence for Kansas, where helium concentrations in the Hugoton gas field typically range from 0.25 per cent to 2.5 per cent. Helium, a colourless, odourless, non-toxic and inert noble gas, is the second most abundant element in the universe, but it is rare on Earth. Formed as a by-product of radioactive decay, it is a non-renewable resource typically extracted from natural gas deposits. Its unique properties, including an extremely low boiling point of -268.9°C, make it irreplaceable in semiconductors, aerospace, MRI technology and quantum computing. The global helium shortage underscores the value of this discovery. Kansas is a strategic hub for US helium production, supported by a robust regulatory environment and decades of expertise from the Hugoton field. The first significant helium discovery in Dexter, Kansas, in 1903 with a 1.84 per cent helium concentration. Dexter lies south of Blythe 13-20 near the Nemaha Ridge. Kansas currently hosts eight helium production plants, reinforcing its dominance in domestic supply. The Blythe 13-20 well will transition to an appraisal phase in the coming weeks, with downhole monitoring equipment installed to gather data for an initial testing program. This discovery strengthens Hyterra's position in meeting growing helium demand, particularly for healthcare, which amounts to 32 per cent of US consumption, mainly for MRI cooling. With no viable substitutes, helium's critical role in advanced industries highlights the significance of this high-grade find.
The Age
7 days ago
- Business
- The Age
ASX Big Hits: Encounter, Nimy Resources and Hyterra
Preliminary pXRF analysis flagged significant niobium, which was confirmed by expedited laboratory analysis. The company's systematic exploration includes 15 priority targets across its West Arunta tenure for 2025. The air core rig has completed the first pass program at Joyce, with assays expected in August, and was then remobilised to Encounter's Steller prospect, 15km north along the Elephant Island Fault. The Elephant Island Fault hosts the Crean deposit, which comprises 3.5Mt of ore averaging 1.92 per cent niobium pentoxide. Encounter's next steps at Joyce will involve mobilising a reverse circulation rig to test the depth and width of high-grade zones, alongside ground gravity and passive seismic surveys to map deeper weathering and metal enrichment, following a trial at the Green prospect. Encounter's 40,000m drill program underscores its focus on uncovering major niobium and copper deposits in Australia's prospective mineral belts. With niobium's critical role in advanced technologies and Joyce's high-grade results, Encounter is well-positioned to capitalise on growing global demand for critical minerals. If successful, the exploration could potentially establish Encounter's Aileron project as a significant contributor to the niobium supply chain. Company: Nimy Resources (ASX: NIM) Project: Mons Project, Block 3, gallium project Location: 370km north-east of Perth Hit: 240m at 55g/t gallium oxide from surface to EOH, including 56m at 101g/t gallium oxide from 60m Peak value: 1m at 285g/t gallium oxide from 115m Nimy Resources has reported exceptional gallium oxide results from its Mons project, 140km north-northwest of Southern Cross in WA. Gallium metal and its oxide comprise a critical yet lesser-known commodity, increasingly vital due to their roles in technology - particularly amid recent supply constraints. China controls 98 per cent of global refined gallium products but imposed export controls in August 2023, triggering price spikes and supply chain concerns. Nimy's phase two reverse circulation drilling program at its Block 3 prospect delivered remarkable gallium oxide grades across four 240m-deep holes. The stand-out hole averaged 55 grams per tonne (g/t) gallium oxide - equivalent to 41g/t gallium metal, using a 1.3442 conversion factor - from surface to end-of-hole. The mineralisation remains open. The hole included 56m at 101g/t gallium oxide from 60m, a peak 1m interval of 285g/t gallium oxide from 115m, and a 4m composite of 126g/t gallium oxide from 188m. The final 20m averaged 30g/t gallium oxide across five 4m composites. The second hole yielded two high-grade zones: 20m at 102g/t gallium oxide from 40m, peaking at 141g/t gallium oxide over 4m from 56m, and 36m at 104g/t gallium oxide from 112m, with a peak 1m interval of 376g/t gallium oxide from 117m. The third hole intersected 28m at 59g/t gallium oxide from 216m to end-of-hole. The fourth hole returned 8m at 108g/t gallium oxide from 144m, with a peak 1m interval of 184g/t gallium oxide from 145m, and 20m at 63g/t gallium oxide from 220m to end-of-hole. Average grades for the three other holes were 57g/t, 37g/t, and 30g/t gallium oxide over their 240m lengths. These results, with mineralisation open in all directions, highlight Block 3's potential to meet soaring global gallium demand. Nimy plans to deliver an initial mineral resource estimate in the December quarter, following assays from its phase three program. Ongoing exploration is targeting extensions of the gallium-hosting chlorite schist, with mineralisation identified beyond current limits, suggesting resource expansion potential. Despite gallium's relative abundance in the Earth's crust, widely estimated at 19 parts per million of the elemental metal, economically viable deposits are rare, making Nimy's high-grade, coherent mineralised system a promising contributor to the West's gallium supplies. Company: Hyterra Ltd (ASX: HYT) Project: Nemaha project, Kansas, the United States Hit: High helium concentrations up to 4.4% in mud gas samples at Blythe 13-20 well. Hyterra Limited reported an exceptional helium discovery at its Nemaha project in Kansas, with mud gas samples from its Blythe 13-20 well showing helium concentrations up to 4.4 per cent. This is a significant find, surpassing typical helium levels in the region and marking a rare occurrence for Kansas, where helium concentrations in the Hugoton gas field typically range from 0.25 per cent to 2.5 per cent. Helium, a colourless, odourless, non-toxic and inert noble gas, is the second most abundant element in the universe, but it is rare on Earth. Formed as a by-product of radioactive decay, it is a non-renewable resource typically extracted from natural gas deposits. Its unique properties, including an extremely low boiling point of -268.9°C, make it irreplaceable in semiconductors, aerospace, MRI technology and quantum computing. The global helium shortage underscores the value of this discovery. Kansas is a strategic hub for US helium production, supported by a robust regulatory environment and decades of expertise from the Hugoton field. The first significant helium discovery in Dexter, Kansas, in 1903 with a 1.84 per cent helium concentration. Dexter lies south of Blythe 13-20 near the Nemaha Ridge. Kansas currently hosts eight helium production plants, reinforcing its dominance in domestic supply. The Blythe 13-20 well will transition to an appraisal phase in the coming weeks, with downhole monitoring equipment installed to gather data for an initial testing program. This discovery strengthens Hyterra's position in meeting growing helium demand, particularly for healthcare, which amounts to 32 per cent of US consumption, mainly for MRI cooling. With no viable substitutes, helium's critical role in advanced industries highlights the significance of this high-grade find.
The Australian
16-06-2025
- Business
- The Australian
Nimy hits high-grade gallium
Nimy delivers impressive gallium grades at Block 3 Gallium runs from surface to the end of hole depth of 240m where it remains open Nimy intends to establish a maiden resource for release in the December quarter Special report: Phase 2 drilling at Nimy's Block 3 project in WA has delivered high-grade gallium in the first four holes, confirming the potential for the asset to emerge as a standalone gallium development. Consistent near-surface and deeper mineralisation has been intersected across all holes, including: 240m at 55g/t gallium trioxide, including 56m at 101g/t Ga2O3 from 60m; 240m at 57g/t gallium trioxide, including 20m @ 102g/t Ga2O3 from 40m; 240m at 30g/t gallium trioxide, including 28m at 59g/t Ga 2O3 from 216m to the end of the hole; 240m at 37g/t gallium trioxide, including 8m at 108g/t Ga2O3 from 144m and 20m @63g/t Ga 2 O 3 from 220m to end of hole. The gallium runs from surface to the end of hole depths of 240m, where it remains open. Results have extended and infilled known mineralisation with assays pending from the remaining nine holes of the phase 2 program and 12 holes from the soon-to-be-completed phase 3 program. Background on Block 3 Recent exploration uncovered the gallium opportunity at Nimy's (ASX:NIM) Block 3 project within the Mons greenstone belt, northwest of the Forrestania nickel-lithium district. The project boasts an exploration target of 9.6-14.3Mt at 39ppm to 78ppm gallium, positioning the company to potentially become WA's first primary producer of the critical mineral. Gallium, a specialty metal essential for computer chip production and widely used in electronics, AI and defence, has seen rising global interest following China's 2023 export controls. While most gallium is produced as a secondary output from alumina and zinc operations, NIM is looking to establish a primary source at Block 3, where standout grades have been identified. Targeting high-grade gallium resource NIM managing director Luke Hampson said the first assays from phase 2 drilling indicated a continuation of high-grade gallium immediately east, west and south of the company's previously drilled high-grade holes. 'These results give us confidence in our drilling strategy, targeting a substantial high-grade gallium JORC resource. 'Importantly, drilling is demonstrating an extensive and coherent mineralised system,' he said. 'With phase 3 nearing completion and remaining phase 2 assays due shortly, we are defining a globally significant gallium project capable of supporting, in part, the supply needs of the Western world.' What else is happening? Upon receipt of the final assays from phase 3 drilling, NIM intends to calculate a maiden resource for release in the December quarter. Exploration is also underway to identify extensions of chlorite schist which hosts the gallium. The schist has already been identified well beyond the known mineralisation, highlighting the scope for ongoing growth in the discovery. 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.
