New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.7m free cash flow). Earnings have declined by 9.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$25.4m market cap, or US$18.0m). New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$27.6m market cap, or US$19.6m). Announcement • Oct 21
Nimy Resources Limited, Annual General Meeting, Nov 19, 2025 Nimy Resources Limited, Annual General Meeting, Nov 19, 2025. Location: at nexia perth ,level 4, 88 william street, perth wa 6000 Australia Announcement • Sep 23
Nimy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Nimy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 41,666,667
Price\Range: AUD 0.06 New Risk • Sep 19
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: AU$3.7k (US$2.4k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m (AU$3.7k revenue, or US$2.4k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$18.8m market cap, or US$12.4m). Announcement • Aug 27
Nimy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7222 million. Nimy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7222 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,703,333
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Subsequent Direct Listing New Risk • Jul 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.4m (US$9.39m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-AU$689k). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (AU$14.4m market cap, or US$9.39m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$2.7m revenue, or US$1.8m). Announcement • May 21
Nimy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.75 million. Nimy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,352,942
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 15
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$689k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-AU$689k). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Market cap is less than US$10m (AU$8.19m market cap, or US$5.18m). Minor Risk Revenue is less than US$5m (AU$2.7m revenue, or US$1.7m). Announcement • Feb 26
Nimy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.15 million. Nimy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,909,090
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Transaction Features: Subsequent Direct Listing New Risk • Feb 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$1.5m revenue, or US$923k). Market cap is less than US$10m (AU$12.1m market cap, or US$7.61m). Announcement • Dec 11
Nimy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.678 million. Nimy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.678 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,300,000
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 30
Nimy Resources Limited, Annual General Meeting, Nov 28, 2024 Nimy Resources Limited, Annual General Meeting, Nov 28, 2024. Location: at nexia perth (company secretarial office, of nimy resources ltd), level 4, 88 william street, perth wa 6000 Australia Announcement • Jul 12
Nimy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.217 million. Nimy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.217 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,140,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,200,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • Apr 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.3m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-AU$404k). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$8.57m market cap, or US$5.51m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Mar 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$5.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.3m free cash flow). Negative equity (-AU$404k). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.69m market cap, or US$6.36m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Feb 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 56% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.83m market cap, or US$6.39m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Jan 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.9m (US$9.29m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 56% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$13.9m market cap, or US$9.29m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Announcement • Oct 13
Nimy Resources Limited, Annual General Meeting, Nov 15, 2023 Nimy Resources Limited, Annual General Meeting, Nov 15, 2023, at 10:30 W. Australia Standard Time. Location: RSM Partners Australia, Level 32 Exchange Tower, 2 The Esplanade, Perth Western Australia Australia Agenda: To receive and consider the financial report of the Company together with the reports of the directors and the auditor for the financial year ended 30 June 2023; to consider adoption of the Remuneration Report; to consider re-election of Mr Christian Price as a Director; to consider ratification of Fully Paid Ordinary Shares Issued to Lind Global Fund II, LP (managed by Lind Partners); to consider approval to Issue 5,989,209 Unlisted Options to Lind Partners; to consider approval to Issue Shares to Lind Partners; to consider approval of Share Issue to settle up to $320,986 in drilling costs through a Share Issue; and to consider other matters. Announcement • Feb 09
Nimy Resources Limited Commences Drilling Campaign at Rare Earth Carbonatite Nimy Resources announce that Raglan Drilling have commenced drilling at the Mons Nickel, REE and Lithium Project in WA. Initial 5 holes commenced at Rare Earth Carbonatite target; +8000m RC program planned over nine priority prospects; Program may be extended following assessment of MLEM surveys or interpretation of visual results; Raglan drilling operating under agreement to receive 50% of costs (up to $1 million) in equity; Wireline Services have arrived onsite and set up loop for MLEM survey at the Dease Gossan. Announcement • Feb 08
Nimy Resources Announces Soil Anomalies Confirm Existing and New Nickel Sulphide Targets Nimy Resources announced results following receipt of the first batch of nickel targeted soil samples processed at Labwest using ultrafine analysis. Summary: The soil sampling program using ultrafine analysis has been conducted to ascertain the geochemical signature at the surface and possible correlation to underlying geophysics. Sampling was carried out across three prospects that have been prioritised due to the presence of electromagnetic conductor plates modelled following the MLEM survey completed in 2022. Additionally a further four lines were collected over geophysical magnetic anomalies interpreted as being favourable for the accumulation of nickel sulphide mineralisation within komatiite flows. A total of 293 samples were collected at 50 metre spacings for a linear total of 14.3kms. Results were very encouraging with all three existing prospects (Dease Gossan, North Tip and North Lake) returning anomalous nickel assays coinciding with the MLEM conductor plates modelled. The assay results over the three additional prospects were also very encouraging returning anomalous nickel assays over the possible nickel sulphide traps identified following analysis of the magnetic survey data. Results summarised as follows: Dease Gossan Prospect Line 6676200: A total of 25 samples were collected (for 1.2 kms at 50m spacing) across two of three MLEM plates. The geochemistry peaked at 848ppm and 917ppm nickel at two sample points that correlate with the two MLEM conductor plates modelled. Chrome, copper, iron, sulphur and zinc were also elevated between the two peak nickel assay points. North Tip Prospect Line 6677200: A total of 39 samples were collected (for 1.9kms at 50m spacing) south of the North Tip Prospect MLEM conductor plate across an interpreted mafic - ultramafic sequence. The geochemistry peaked at 233ppm and 288ppm nickel at two sample points alongstrike from the North Tip conductor plate which appears to confirm the continuity of the ultramafic. Chrome and sulphur were also elevated with the two peak nickel assay points. North Lake Prospect Line 6674500: A total of 19 samples were collected (for 0.9kms at 50m spacing across the North Lake Prospect MLEM conductor plate. The geochemistry peaked at 399ppm and 497ppm nickel at two sample points correlating with the MLEM conductor plate modelled. Chrome, copper, iron, sulphur and zinc were also elevated between the two peak nickel assay points. East Prospect Line 6683350: A total of 31 samples were collected (for 1.5kms at 50m spacing) across an interpreted mafic - ultramafic sequence. The geochemistry peaked at 1210ppm nickel coinciding with the interpreted eastern contact point of the high magnetic structure. Chrome, Iron and copper elevated with the peak nickel assay. King Hill Prospect Line 6676200: A total of 81 samples were collected (for 4.0kms at 50m spacing) across an interpreted mafic - ultramafic sequence. The geochemistry returned peaks on the east (874ppm) and west (934ppm) contacts of the North South trending ultramafic followed by a strongly anomalous trend of sulphur (up to 2930ppm) across an interval of 400m. Two Copper anomalies occur on the eastern end of the line (peak values of 109ppm and 121ppm). Royale Prospect Line 6669600: A total of 57 samples were collected (for 2.8kms at 50m spacing) across an interpreted ultramafic -mafic - ultramafic sequence. The geochemistry returned an anomalous nickel (up to 718ppm) and sulphur (up to 1930ppm) interval across the sequence. Chrome, copper, iron, sulphur and zinc were also elevated. Indian Sandrunner Prospect Line 6,677,000: A total of 41 samples were collected (for 2.0kms at 50m spacing) across an interpreted flexure point in the north south trending ultramafic. Geophysics indicate a eastern flexure interupting the ultramafic trend before resuming the north south trend. Geochemistry indicates a strong coinciding nickel (peak value 920ppm), sulphur (1650ppm), chrome (1400ppm) and copper (356ppm) anomaly at the point of this flexure. Announcement • Feb 04
Nimy Resources Limited Announces Soil Assays Coincident with Geophysics at Carbonatite Nimy Resources Limited announced receipt of soil assays processed at Labwest using ultrafine analysis. This is related to soil samples collected at the Mons Carbonatite Prospect. Carbonatite Prospect 2 lines reported for a total of 40 samples. Line 6689100 19 samples along the northern rim of the pipe like carbonatite structure. Elevated TREO (total rare earth oxides) lanthanide sample at eastern portion of the line, aligned with NE -SW strike of the low magnetic core with TREO of 78ppm vs TREO mean @ 40ppm (remainder of line) Line 6688300 21 samples within the carbonatite structure. Coherent elevated TREO lanthanides coincident with the low magnetic core (TREO mean @ 65ppm, maximum value at 86ppm vs outside the core TREO mean @ 36ppm, maximum value at 48ppm). Calcium, magnesium, potassium anomaly across the low magnetic core coincident with elevated TREO. Lithium, rubidium anomaly coincident with high magnetic body east of the low magnetic core. Elevated niobium adjacent to the low magnetic core. The interpreted Mons Carbonatite Prospect was previously reported on the November 08, 22 (Carbonatite prospect targeted for Rare Earth Elements) and the December 19, 22 (Carbonatite Pipe Structure Intact to 1.5km). An initial soil sampling program using ultrafine analysis has been conducted to ascertain the geochemical signature at the surface. Two lines of soil sampling were collected (Figure 2). The first (line 6,689,100) sampling the northern perimeter of the structure, the second (line 6,688,300) sampled across the centre of the structure. Line 6,689,100 recorded a REO geochemical anomaly at the eastern end of the line and notably there is an elevated calcium sample coinciding with the REO. In direct comparison line 6,668,300 recorded elevated anomalies of calcium, potassium and magnesium along with elevated total rare earth oxides including praseodymium and neodymium directly above the interpreted low magnetic core of the structure. Elevated niobium, lithium and rubidium were recorded travelling east as the sample line moved over a higher magnetic response. The result of the first batch of soil samples matches a typical geochemical signature found in carbonatites with the core elevated in calcium, magnesium and potassium, the niobium is offset from the core and if enriched rare earth element zones are present can be found within the pipe like structure offset from the core. The use of ultrafine analysis is considered an excellent first pass sampling technique particularly in areas with little or no outcropping and transported cover. The changes in geochemistry across the sampling lines appear to be coincident with the underlying geophysical signatures. The area will now be subject for further soil sampling to complete the surface geochemical signature map along with select RC drill holes to test at depth and collect further geochemical and structural information. Announcement • Dec 20
Nimy Resources Limited Announces Geophysics Confirms Pipe Structure Intact to Depth of At Least 1.5Kms Drilling to Commence in January Nimy Resources Limited announced that Follow up geophysical modelling at the Nimy Resources Mons Project tenement E77/2683 carbonatite indicates that the pipe like structure continues vertically to at least 1.5kms (model limit). The intact structural integrity could indicate a much later emplacement than the surrounding granites and the Karroun Hill greenstone belt to the east. The hypothesis is made compared to the Mt Weld carbonatite dated at 2020ma surrounded by basalts and rhyolite lava flows inferred age 2960-2650ma. There is very little geochronological data available for the Mons Project area. The granites have an inferred age of 3010-2600ma using the Forrestania greenstone belt as a reference point (along strike to the south), which has an inferred age of 3131ma-2700ma (greenstone) and 3010ma 2600ma (granites). The company now moves forward with a drill program scheduled for January 2023. There has been a significant focus on the increased demand for rare earths specifically around the part to be played in achieving net zero carbon emissions through the provision of clean energy technologies. The carbonatite prospect exploration strategy is accelerated to meet the opportunity presented with the discovery of critical rare earth elements. Forward work plan The company's forward work plan at the Carbonatite prospect: Process of soil sampling assays Complete soil sampling across carbonatite area POW and native title approvals Mineralisation and lithological test via reverse circulation drilling of up to 20 holes to 300m Assay of REE suite Assess merits of reverse circulation, air core or diamond drilling follow up campaigns. Announcement • Nov 17
Nimy Resources Limited Commissions Perth-Based Geophysics Consultancy Resource Potentials to Analyse Data from Its First Pass Moving Loop Electromagnetic Nimy Resources Limited commissioned Perth-based geophysics consultancy Resource Potentials to analyse data from its first pass moving loop electromagnetic (MLEM) survey completed as part of the exploration strategy across a large area of ultramafic rocks containing nickel (values up to 1.05% (1m) against high background nickel). The recent 400m line-spaced in-loop configuration MLEM data are affected by IP effects due to polarisable clays in the regolith, which produce late-time negative responses in the Z component MLEM receiver, and which may mask the EM response of bedrock conductors. The late-time anomalies identified have potential to represent bedrock conductors. To date (analyses ongoing) three prospect areas have been prioritised and EM conductor plates modelled. The prospects are supported by drilling and soil geochemical anomalies along strike, indicating ultramafic rocks containing nickel. The Dease Gossan Prospect: Contains 3 modelled EM conductor model plates; The results of drilling (up to 1m at 1.05% nickel) and surface mapping (1.1km of gossan outcropping) reported previously; The three model plates follow the shape of the outcropping gossan found at surface and begin at ~180m below surface; The nickel sulphide pentlandite was observed at RL180m in drill hole NRDD005 which passed between plates 2 and 3; The North Lake Prospect: Contains 1 modelled EM conductor model plate; No drilling proximal, although NRRC0014 drilled north along strike (2.9kms) recorded anomalous nickel in hole (up 0.6% Ni over 1m); Soil sampling has been completed along a single line across the EM anomaly, with pXRF data recording a nickel anomaly in soil near both the EM conductor model plate and the interpreted ultramafic. Samples have been submitted for ultrafine assay (Labwest); EM conductor model plate associated with a discrete magnetic anomaly high. The North Tip Prospect: Contains 1 modelled EM conductor model plate; Located 3.5km along strike from the North Lake prospect; 600m north along strike from NRRC0014 (up 0.6% Ni over 1m); Soil sampling being carried out. Forward work plan: The company's forward work plan at the Dease prospect: MLEM survey using a slingram configuration and a SQUID EM sensor at the Dease Gossan Prospect, North Lake Prospect and North Tip Prospect; Drill hole planning and submission of POW's at the Dease Gossan Prospect, North Lake Prospect and North Tip Prospect (2000m+ of RC drilling planned); Complete MLEM survey analysis across the entire dataset, including - EM decay channel gridding, imaging, and EM conductor plate modelling; Continuing assessment of the Mons Project area utilising surface geochemistry methods. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Simon Lill was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 10
Nimy Resources Limited Announces Carbonatite Prospect Targeted for Rare Earth Elements Nimy Resources Limited announced Carbonatite initially identified by previous explorer AngloGold Ashanti Australia in 2015 Structure presents as a caldera shaped magnetic high around a low magnetic core /dike Geophysical similarities to other known carbonatites such as the Mt Weld carbonatite Soil sampling has been undertaken and will continue across an expanded grid. Samples have been dispatched for ultrafine assay Drill program is being planned and anticipated to commence once POWs have been approved The Nimy Resources Mons Project tenement E77/2683 contains a caldera shaped geophysical feature interpreted in 2015 by AngloGold Ashanti Australia (WAMEX report A108135 Pindabunna Project 2015-2016) as a potential carbonatite intrusion. AngloGold Ashanti noted the potential carbonatite could be host to rare-earth or other economic minerals, but it was not tested as rare earth elements were not a target commodity for the company. Carbonatites are rare igneous rocks (commonly intrusive) and can contain deposits of rare earth elements (REE) amongst a suite of other minerals such as niobium and phosphate. The Nimy Resources Mons Project carbonatite presents geophysically as similar to the Mt Weld carbonatite a world class producer of REEs. Geophysics indicate a magnetic low presenting as a core (possibly a dike) within a circular magnetic high. There are no other interpreted magnetic anomalies high or low in the vicinity. Nimy Resources was granted the exploration tenement licence (E77/2683) in March 2021 and following extensive historical research have visited the site to conduct drone arial photography followed by the now completed initial soil sampling program. Twenty one samples have been submitted for assay. The samples were collected on a west to east bearing across the centre of the carbonatite prospect. This will enable a first pass look at the surface geochemistry and inform future work. A more comprehensive soil sampling program is in process. The area is heavily wooded and has little outcropping hence the use of a drone to assist in locating any outcropping present. Outcropping shown is a siliceous hard caprock of brecciated quartz in a clay matrix. There has been a significant focus on the increased demand for rare earths specifically around the part to be played in achieving net zero carbon emissions through the provision of clean energy technologies. The carbonatite prospect exploration strategy will be accelerated to meet the opportunity presented with the discovery of critical rare earth elements. The immediate work plan includes further soil sampling and a reverse circulation test drill hole to 300m. Forward work plan The company's forward work plan at the Carbonatite prospect: · Process of soil sampling assays · Complete soil sampling across carbonatite area · POW and native title approvals · Lithological test via reverse circulation drilling of 1 hole to 300m · Assay of REE suite · Assess merits of reverse circulation, air core or diamond drilling follow up campaigns. Announcement • Oct 21
Nimy Resources Limited, Annual General Meeting, Nov 22, 2022 Nimy Resources Limited, Annual General Meeting, Nov 22, 2022, at 14:00 W. Australia Standard Time. Location: Level 32 Exchange Tower, 2 The Esplanade Perth Western Australia Australia Agenda: To consider adoption of the Remuneration Report; to consider re-election of Mr. Luke Hampson as a Director; to consider ratification of issued options to CPS Capital Group Pty Ltd; and to consider approval of placement facility. Announcement • Oct 18
Nimy Resources Limited Announces Significant Nickel Assays At Dease Gossan Nimy Resources Limited announced significant Nickel Assays at Dease Gossan. Assays from NRDD005 return nickel (up to 0.48%), copper (up to 0.04%) and cobalt (up to 0.04%) mineralisation down to 40m beneath gossan find, key results include: 6m @ 0.31% Ni (14-20m), including 1m @ 0.48% Ni (16-17m) 4m @ 0.30% Ni (26-30m), including 2m @ 0.37% (27-29m) 226m @ 0.16% Ni contained within the 316m width open at end of hole Nickel sulphide bearing komatiite confirmed to end of hole 316m Subtle and noisy DHEM anomalies have been recorded at 270m and 290m downhole near a zone of pendlandite logged in the hole New DHEM survey with adjusted transmitter loop position planned, as original DHEM survey would not have detected a sub-vertical conductor below the gossan or a NE dipping conductor High resolution MLEM survey using Slingram planned for future MLEM surveying in this area Drill hole planning underway at the Dease gossan which outcrops for over 1.1kms strike length Magnetic 3D inversion modelling of komatiite rocks to be carried out to assist targeting of potential higher grade disseminated nickel sulphide accumulation. Announcement • Sep 27
Nimy Resources Limited Announces Bstantial Nickel Sulphide Mineralisation At Godley Nimy Resources Limited announces bstantial Nickel Sulphide Mineralisation at Godley. The two diamond holes collared on the same pad represent the first deep drilling at the Mons Project. The previous campaign of reverse circulation drilling drilled to a maximum depth of 220m. The two holes have provided excellent information enabling the primary objectives of obtaininglithological, structural, depth and mineralisation information to be met. The results confirm a significant body of potential nickel mineralisation at the Godley Prospect. NRDD001 returned a substantial intersection of 368m Ni @ 0.14% and 25.72% MgO from within 12m to 395m which includes pre-collar NRDD002 returned a substantial intersection of 427m Ni @ 0.14% and 26.03% MgO from within 19m to 456m. A cut-off grade of 1000ppm nickel allowing for less than 2 metres internal dilution has been applied. The location and comparative significance of the first two diamond holes. The extent of the strike is ~39.4kms with a width of ~6.2kms. The point-to-point polygonal area containing potential nickel mineralisation measures 182.5kms. Both holes intersected intervals of nickel sulphide, copper sulphide along with pyrite and pyrrhotite.MgO is significant in helping determine the rock type. Mineralisation remains open with Ni:Cr and ratios being applied supporting a western contact accumulation of the possible ore-grade mineralisation. The ratios support the structural interpretation around D1 of the komatiite flow, now dipping to the E-SE with the basal contact expected on the western contact of the flow. The Dease Prospect has further results pending including diamond hole NRDD004 whereby a 487.2m intersection of komatiite ultramafic rocks was logged beginning at 383.6 and continuing to the end of hole at 870.8. Thus, demonstrating evidence for a large nickel mineralising system at the Mons Project. Also, at Dease, the gossan discovery and pending geochemical results take on special significance. Downhole EM was completed in NRDD002 and did not detect a bedrock conductor within an estimated range of 50m from the hole. The result is consistent with the hole location within the structural model relative to basement. Electro-magnetic massive sulphide bedrock conductors are detectable within a limited range of a downhole survey. Disseminated sulphides are generally not detectable. A MLEM survey was completed over the Godley Prospect. The survey was impacted by large areas of induced polarisation effects causing the EM response to be reduced or even negative. It has been recommended to Nimy that a FLTEM survey coupled with a SQUID sensor be undertaken. Work has commenced assessing the current data set including manually removing the IP effect and the merits of the FLTEM SQUID survey. The MLEM data is being modelled in conjunction with radiometrics, gravity, DEM data, drilling, geological mapping and modelling, and geophysical datasets. The EM data is currently undergoing decay channel gridding, imaging and conductor plate modelling. The resultant work will assist in further target generation and drillhole planning at the Godley prospect. This updated information will continue to be used for updating the Mons exploration targeting model and pipeline of exploration targets. Anomalous levels of lithium has been returned within narrow intervals of NRDD001 and NRDD002. The company's forward work plan at the Godley prospect: Complete MLEM survey analysis - decay channel gridding, imaging and conductor plate modelling. Complete model in conjunction with radiometrics, gravity, DEM data, drilling, geological mapping and modelling and geophysical datasets.Target generation and drillhole planning at the Godley prospect. The Dease prospect has 4 diamond holes awaiting geochemical assay completion. Dease prospect MLEM survey analysis is underway and will be coupled with structural interpretation, lithology and interpretation of geochemical results upon receipt. Diamond hole NRDD001 Ni:Cr ratios indicate that the rocks are increasing in prospectivity with depth. Values ranging from 0-1 identify rocks that are less prospective and are present from 12-282m in NRDD001. Values ranging from 1-10 identify rocks that are more prospective and are present from 286-396m in NRDD001. Diamond hole NRDD002 contains: Rocks that are less prospective present from 18.65-361.53m. Prospective rocks are present from 363.75-455.7m. Ni:Cr values between 10 and 100 likely represent potentially sulphide-bearing cumulates. Announcement • Sep 13
Nimy Resources Limited Completes Maiden Diamond Drill Program Nimy Resources Ltd. (has completed an initial diamond drilling campaign at the Mons Nickel Project. NRDD001 and NRDD002 assays have been received with results anticipated the week beginning 19th September. NRDD004 and NRDD005 are in the assay process with results expected in the next few weeks. The final cores (NRDD003, NRDD006) have been transported to Kalgoorlie to be logged and processed for assay. Assay results have drifted beyond the initial advised completion dates due to laboratory covid issues compounded by the large volume of samples that have been submitted over the past 6 months. Announcement • Jul 26
Nimy Resources Limited Announces Drilling Confirms Gossan Discovery Nimy Resources previously reported to the ASX (29th March 2022) that it had made a nickel gossan discovery at the Dease Prospect, within its Mons Project, centred 140 kilometres north-northwest of Southern Cross in the Central Yilgarn. The gossan was exposed when digging sumps for a planned drill programme. The portable XRF (pXRF) reported up to 0.96% Ni. As a consequence of the gossan discovery, Nimy Resources planned a follow up diamond drill hole to test for sulphide-hosted nickel mineralisation at depth and down-dip of the gossan find. The diamond drill hole (NRDD005) was completed in early July, where several zones up to four metres width of pentlandite ((Fe,Ni)9S8), chalcopyrite (CuFeS2) and bornite (Cu5FeS4) mineralisation were observed in the preliminary logging. The drill hole was terminated at 316 metres after drilling over 80 metres of variably serpentinised komatiite flows, which hosted the nickel sulphide (pentlandite) mineralisation. The geochemistry, as ascertained from the pXRF readings, indicates a mixed sequence of mafic and ultramafic rocks. The nickel anomalism at the Mons Project is inferred to be hosted by an 80-kilometre striking, previously unrecognised, and thus sparsely explored, Archean greenstone belt. It is inferred to be the north-north western extension of the Southern Cross Greenstone Belt that hosts the Forrestania nickel deposits. The nickel and copper sulphide zones are generally non-coincident and the genesis of the copper sulphides remains unclear, however, it is anticipated that this will be resolved after detailed logging has been completed. Nimy believes that the coinciding gossan identification, geophysics, soil geochemical anomalies (nickel, cobalt), core visual and pXRF results enable a better understanding of the significance of the gossan finds. Soil sampling across the Nimy tenements has identified a strong Ni-Co soil anomaly over the Dease gossan area (containing NRDD005). All the NRDD005 drill core has been sent to Kalgoorlie where detailed logging and sample collection for assaying will be completed. Nimy has organised to complete a downhole EM survey of NRDD005, commencing the 22nd July 2022. Further updates on this drill hole will be released once assaying is completed. The diamond drilling programme is continuing and Nimy is confident of further exploration success. An Olympus Vanta M Series pXRF was used to collect the readings. Important Note: in relation to the reporting of visual mineralisation, the Company highlights that visual estimates of sulphide abundance, even when confirmed by portable XRF analysis in the field, cannot be considered a substitute for laboratory analysis. Assay results are required to determine the exact widths and grades of the sulphide mineralisation identified. When these results are available, the Company will provide an update to the market. Announcement • Jun 23
Nimy Resources Announces the First Diamond Drill Hole At the Dease Prospect Within the Mons Project Nimy Resources announced the first diamond drill hole at the Dease prospect within the Mons project (NRRD004) has successfully intersected the first of three interpreted anomalous Moving Loop Electromagnetic (MLEM) conductors. The drill hole was collared (MGA collar coordinates 661440E, 6678494N, dip 60 and azimuth 305) targeting the conductive anomaly estimated to be intersected between 325 - 375m downhole. The hole has been logged from 216m and encountered porphyritic felsic and mafic rock from 216m to 273.1m passing into an intercalated schistose mafic and felsic porphyry zone to 383.6m whereby ultramafic rock (minor mafic and felsic) was drilled to 870.8m (end of hole). The conductive anomaly sits within this schistose mafic-porphyry zone which returned elevated copper, silver, zinc and sulphur values associated with visible sulphides when tested with a portable pXRF. Below the intersection of the conductive anomaly the komatiitic ultramafic began at 383.6 continuing to the end of hole at 870.8 (487.2m). The 487.2m ultramafic interval returned anomalous nickel and copper readings when tested using a portable XRF. Coupled with the first diamond drilling (two holes) at Godley, the Dease hole confirms that both prospect areas contain extensive and thick ultramafic units hosting nickel and copper mineralisation. Downhole electro - magnetic survey's will commence in mid - July at completed holes (Dease and Godley). The primary objectives of obtaining lithological, structural, and mineralisation information have been met on the first two holes at Godley whilst the Dease hole remains open at depth. The significance of the copper, silver, and zinc mineralisation within the conductive plate and its relationship, if any, with a copper-zinc-lead-gold in soil geochemical anomaly approximately 2.5 km south west of the conductive plate is being assessed. Drill hole NRDD004 has intercepted the middle plate approximately 2.5 km northeast of the coincident soil anomalies. Reverse circulation drill hole NRRC006 drilled in October 2020 (178m EOH) above the plate anomaly, reported anomalous intervals of nickel, copper and gold. The interval in hole NRRC006 encountered ultramafic rock at 57m until the end of hole at 178m with four quartz vein intersections within the ultramafic (max intercept 2m) MgO levels averaged 24.23% from 57m - 178m (end of hole) with a peak MgO value of 31.67%. Anomalous copper (>300ppm) was restricted to clay and saprolite, however, a quartz vein in fresh rock intercepted 1270ppm (0.13%) from 114-115m. Gold was primarily located in the sap-rock with an anomalous 3m interval (70ppb including 1 metre at 142ppb) within 42-45m, additionally a 37ppb Au quartz vein intercept was returned from 159- 160m. The centre of tenement E77/2255 contains anomalous surface samples indicative of copper (984 ppm Cu) and gold (92 ppb Au). Mineralisation coincident with potassium zone alteration visible on radiometric imaging auger sampling over the area has defined anomalous Au, Cu, Zn and Pb. Regional and ground magnetics indicate two magnetic highs and a magnetic low proximal to the potassium alteration zone. Based on modelling of the surface geochemical signatures, an initial concept indicates a potential copper porphyry system. Further work is underway to define the relationship among the varying critical rock types. Core logging, photography, specific gravity, structural, magnetic suseptability and sample preparation have been completed in Kalgoorlie by an independent consultant prior to transport to Perth for geochemical analysis. Nimy collated pXRF readings of Ni, Cu, Ag, S, MgO and SiO2 levels to assist in lithological logging and initialidentification of mineralisation styles present. An Olympus Vanta Series pXRF was used to collect the readings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Simon Lill was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
Nimy Resources Announces the Second Diamond Drill Hole At the Godley Target Within its Mons Nickel Project in WA Has Intersected Semi-Massive Sulphides with Nickel and Copper Mineralisation Nimy Resources announced that the second diamond drill hole at the Godley target within its Mons Nickel Project in WA has intersected semi-massive sulphides with nickel and copper mineralisation. The mineralistion was identified using pXRF over a 438m intersection. The first hole at Godley intersected mineralised nickel and copper sulphides over a 275m zone. The two diamond holes represent the first deep drilling at Mons Project (1761km²). The previous campaign (October 2020) of Reverse Circulation drilling drilled to a maximum depth of 220m. Both holes intersected intervals of nickel sulphide (pentlandite), copper sulphide (chalcopyrite) along with pyrite and pyr hotite. Hole NRDD002 also intersected native copper at 51.67m. The primary objectives of obtaining lithological, structural, depth (basal contact) and mineralisation information have been met. Hole 1 (NRDD001 depth 413.85m) intersected visible sulphide intervals predominately disseminated pentlandite. Hole 2 (NRDD002 depth 516.8m) collared on the same pad at azimuth 330 dip 70 intersected visible sulphide intervals the highlight being a semi -massive sulphide (pentlandite and chalcopyrite) zone from 315.57 -317.08m downhole. Nimy Resources engaged Petricore Solutions (Kalgoorlie) to complete core logging, photography and sample preparation of the initial two diamond holes from the Godley target. Magnetic susceptability and specific gravity measurements were also taken for both holes by Petricore. Samples for geochemical assay (NRDD001 335 samples, NRDD002 610 samples) have been despatched from Kalgoorlie to the Bureau Veritas laboratory in Perth. Nimy col ated pXRF readings of Ni, Cu, S, MgO and SiO2 levels to assist in lithological logging and initial identification of mineralisation styles present. Diamond hole NRRD001 core logging (now complete) recorded multiple intervals of visible sulphides. Diamond hole NRDD002 core logging (now also complete) recorded multiple intervals of visible sulphides. The interval in hole NRRC002 assayed 100 metres at 0.15% Nickel and 21% MgO, with a maximum nickel value of 2,000ppm (0.2%) and a peak MgO value of 34%. The interval was interpreted (through observation and geochemical characterisation) as a komatiite. Diamond drill hole NRDD001 was commissioned to test the depth, orientation and mineralisation of the komatiite flow identified in the original RC holes. The komatiite continued to 390m depth and the hole moved into a felsic underlying unit (with visual interpretation as a granite or pegmatite) which was then drilled for a further 23.85 m. The second hole, NRDD002, was col ared from the same drill location, oriented at 330 degrees azimuth, 70 dip, in the direction of the previously identified fixed loop conductive trend Details of the fixed loop EM survey have been provided in Nimy's ITAR which accompanied the Company's prospectus. Drill hole NRDD002 passed through 438m of interpreted ultramafic /mafic rocks reaching basal contact at 455.7m marked by a quartz vein. Beneath the 1 metre quartz vein basement consisted of granitic gneiss and sandstone to end of hole at 516.8m. Announcement • Mar 29
Nimy Resources Limited Announces Gossan Discovered At Dease Up to 0.96% Nickel Nimy Resources Limited announced that Gossan discovered at Dease pXRF readings up to 0.96% nickel. The sump exposed a lateritic duricrust, below the soil cover. Within the upper part of the laterised duricrust, several millimetre scale cubic vugs were observed. The cubic vugs are commonly the result of the oxidation/weathering of sulphide minerals as part of the laterization process. Within the constraints of the sump, an area 2.7 m wide and 6.3 m long was exposed containing gossaneous material (At 1), within which a total of 17 portable XRF (pXRF) readings were taken, returning the following results: 2 readings were between 1,335 and 1,394 ppm nickel (averaging 1,364 ppm Ni and 2% MgO), 7 readings ranged from 3,745 to 4,635 ppm nickel (averaging 3,975 ppm Ni and 9% MgO), 6 readings ranged from 5,175 to 6,183 ppm nickel (averaging 5,466 ppm Ni and 12% MgO), 2 readings ranged from 7,157 to 9,565 ppm nickel (averaging 8,376 ppm Ni and 11% MgO). The pXRF readings taken from heavily laterised duricrust are not conclusive. However, the anomalous nickel and elevated magnesium oxide (MgO) results continue to support the exploration model underpinning Nimy's exploration work. Gossanous material is often associated with underlying nickel and copper sulphide mineralisation, and Nimy's pXRF results appear to show elevated nickel values. An Olympus Vanta Series pXRF was used to collect the readings. Assays returned elevated nickel with the best interval being within WGRB-1 which returned 4 metres at 0.77% Ni from 8-12 metres including 1 metre at 1.05% Ni. Nimy Resources undertook a RC drill program in 2020. RC holes were designed to test the depth of mineralisation (maximum drill depth 220 metres). Assays returned revealed large homogenous Ni intervals and increasing MgO with depth. Geochemistry supports the conclusion of the drilling having intersected a komatiite flow. The Dease target area is approximately 3.5km² of the 1760km² Mons Project tenement holding. Four diamond holes are planned at the Dease target specifically: NRDD003, NRDD004, NRDD005 planned to test MLEM anomalies, MLEM refer to Nimy Resources ASX Announcement 8th of February 2022- NRDD006 planned to test depth to basement, lithology, mineralisation (site of gossan). Announcement • Feb 08
Nimy Resources Limited Announces Loop Electro-Magnetic Survey Identifies Three Conductor Plates at Mons Nickel Project in WaA Nimy Resources Limited announced that a large-scale Moving Loop Electro-Magnetic survey has identified three conductor plates at its Mons Nickel Project in WA. The plates are located at target Zone A within Area A02 - Dease. In light of these strong results, the MLEM survey has been expanded to cover a larger area of prospective ground along strike. The identification of conductor plates using the proven MLEM technique is a significant result along the path to locating higher-grade disseminated and massive sulphide nickel zones. Earlier RC drilling by Nimy has identified nickel sulphides in Zone A. The presence of conductive plates shows that there are likely to be areas of higher grade. These results will help ensure drilling specifically targets higher-grade nickel sulphide mineralisation in the Komatiite host rock, identified in the previous Nimy RC drilling program in Zone A. The MLEM survey has covered about 5 per cent of the current identified strike length at Mons. Based on this early success, the Company will undertake a large-scale V-TEM aerial survey over the tenement to the north to find early electro-magnetic identifiers for future MLEM surveys to cover. Announcement • Jan 19
Nimy Resources Limited Announces Diamond Drilling Program Underway At Mons Nickel Project Nimy Resources announced that diamond drilling is underway a tits Mons Nickel Project in WA. The first stage of this program, which will take place in Area A02 at Mons, will test the lower geological contact of the large-scale fertile komatiite identified in the previous RC drilling conducted by Nimy, Dease and Godley targets. The second stage will test any subsequent bedrock conductor targets identified by the MLEM surveycurrently underway. Geochemical test work on the previous RC drilling at area A02 provided information indicating a "top of flow" position within a large-scale komatiite rock unit. Disseminated sulphide cumulates were encountered alongwith increasing nickel and magnesium oxide (MgO) levels at depth. As komatiite flows typically host their nickel sulphides along the lower geological contact, the obvious strategy is to drill deeper to intersect the basementcontact point. The komatiite flow within target area A02 presents in or near its original upright position so deeper drilling willprovide important information on depth to basement, lithology, structure, orientation and nickel mineralisationtype. The next stage of the drilling program will be to drill test the subsequent basement conductor targets generatedby the MLEM survey that is currently underway over Area A01Target Area A01 is in contrast to area A02 with the komatiite flows having been overturned from horizontal tonear vertical position so a different drilling strategy will be adopted to target massive sulphides along thegeological boundaries. Pending drilling results, representative core samples recovered in this drilling program will be used in an initial metallurgical test work program to evaluate the recoveries and processing economics of the Nickel concentrate. Nimy's asset, the Mons Nickel Project, is located 140km NNW of Southern Cross and covers the Karroun Hill Nickel district. It contains a large tenement holding of 1,761 km2 that contains the similar key Mafic/Ultramaficgeology and regional structures as both the Forrestania and Kambalda Nickel belts. The Forrestania Nickel belt, which runs parallel to the Kambalda Nickel belt 200km to the east, has an outstanding production history, hosting several prolific deposits including Spotted Quoll, Flying Fox and CosmicBoy. Announcement • Dec 08
Nimy Resources Limited Ramps Up Exploration with Start of Moving-Loop EM Survey Nimy Resources announced that the exploration program at its Mons Nickel Project in WA is underway, with the start of a large-scale Moving Loop Electro-Magnetic (MLEM) survey. The MLEM survey 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. Mons is located 140km north of Southern Cross and covers the Karroun Hill Nickel district on the northern end of the world-famous Forrestania nickel belt. Mons 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 the Company to prioritise prospective areas for follow-up exploration and subsequent drilling. Project 200m line spacings with 100m stations totalling 1492 data points enables high resolution coverage for first pass results. Announcement • Nov 24
Nimy Resources Limited Announces that It Is Set to Start A Multi-Pronged Exploration Program Within Weeks At Its District-Scale Mons Nickel Project in Wa Nimy Resources announced that it is set to start a multi-pronged exploration program within weeks at its district-scale Mons Nickel Project in WA. The move to ramp up the systematic exploration program on several fronts follows the completion of Nimy's IPO, which saw the Company raise $6 million after costs. Nimy offers investors a rare opportunity to gain exposure to a district-scale, nickel sulphide exploration project in one of WA's most productive nickel belts. The Company has a 1,761sqkm highly prospective tenement holding in the Karroun Hill District, which forms the northern extension of the world-class Forrestania nickel belt. Mons is located 140km north of Southern Cross. It hosts an 80km strike length of the same key geology and favourable structures which contain the famous nickel sulphide deposits within both the Forrestania and Kambalda nickel belts. Board Change • Nov 22
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
