Offer Price

A$0.0550

per share

Offer Size

A$1,000,000

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Placement

Nimy Resources Limited (ASX:NIM)

NIM

Lead Manager

Offer Price

A$0.0550

per share

Offer Size

A$1,000,000

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Placement

Offer Details

Issue Price (Per Share)

A$0.0550

Offer Size

A$1,000,000

Shares Available

18,181,818

Private Placement Offer utilising the company’s Listing Rule 7.1 capacity to raise up to $1.0mil with the ability to take $500k in oversubscriptions at $0.055. The offer comes with a 1 for 2 free attaching option. The terms of the options are $0.10 exercise price, expiring 30th June 2028. The issuance of the options will be subject to shareholder approval at an upcoming general meeting. The company aims to list the options subject to ASX listing rules.

Joint Lead Managers: GBA Capital & Charles Street Capital

Company Overview

Nimy Resources is an advanced Australian metals exploration company focusing on its Mons Project, which encompasses a suite of metals including Gallium, Copper, and Rare Earth Elements (REEs). The project spans ~3,005km2 of highly fertile geological territory in Western Australia, known for multiple significant mineral discoveries.

Block 3 Gallium Project

Located within the expansive Mons Project, the Block 3 site hosts the highest grade of Gallium in Australia, discovered over a large, near-surface area. This high-grade gallium discovery is open in all directions, with upcoming drilling programs aimed at extending the mineralisation further along strike. Specifically, the drilling will step out from the established high-grade zone and test a 400m west along strike, with holes extending depths of 240m. Resistivity depth imaging (RDI) has outlined a 900m x 300m footprint west along strike of Block 3 East, with coincident IP and soil anomaly. The drilling is designed to extend the +100g/t (ppm) gallium saprock and +150g/t (ppm) gallium high-grade fresh rock zones, with R/C drilling samples to be used for metallurgical test work. These technical studies will test gallium extraction methods as part of a JORC mineral resource estimate.

Historically significant drill intercept results at Block 3 include:

240m (0-EOH) @ 50ppm Ga2O3
240m (0-EOH) @ 42ppm Ga2O3
52m (from Surface) @ 105ppm Ga2O3
- Including 1m (from 41m) @369 ppm Ga2O3
32m (from 16m) @99ppm Ga2O3
- Including 4m (from 8m) @127ppm Ga2O3
72m (from 52m) @117ppm Ga2O3
- Including 1m (from 77m) @459ppm Ga2O3

Nimy Resources has also entered into a collaboration agreement with M2i Global to develop and supply gallium for the US Defense Industrial Base, enhancing Nimy's ability to secure procurement contracts with the US Department of Defense. This partnership aims to establish a robust supply chain for critical minerals between Australia and North America.

Use of Funds

The funds raised will be focused towards:

Use of Funds

Application

Drilling to grow high-grade WA Gallium discovery

General Working Capital Purposes

Indicative Timetable

The below dates are indicative only and are subject to change without notice. The Company and GBA Capital reserve the right to extend the Closing Date of the offer or close the capital raise early without notice. All times are in AEDT (Sydney, Australia) unless stated otherwise.

NIM placed in Trading Halt

Monday, February 24 2025

Placement Offer Opens

Monday, February 24 2025

Placement Offer Closes

4pm AEST Tuesday, February 25 2025

Offer letters accepted

Tuesday, February 25 2025

NIM Recommences Trading

Wednesday, February 26 2025

Manual Settlement

Wednesday, March 05 2025

Allotment of Shares

Friday, March 07 2025

Document & Downloads

Term Sheet

Board & Management

Neil Warburton

Non-Executive Chairman

Neil brings with him over 40 years of experience and knowledge in the mining industry, as a former director of IGO Ltd, Barminco and current Non-Executive Chairman of Belararox Limited, Non-Executive Chairman of Northcliffe Group and Executive Chairman at Abyssinian Metals.

Luke Hampson

Managing Director

Luke has over 30 years in the mining industry and has led management teams working throughout the Asia Pacific region. Luke specialises in project asset management having 19 years experience at WesTrac Pty Ltd, 3 years at Rio Tinto Iron Ore and 11 years Managing Director of Cloonmore Mining and Energy.

Christian Price

Executive Director

Christian is a Mining Engineer and Mineral Economist with over 19 years of experience, in operation, technical and senior leadership roles in operating, development and exploration Australia most recently COO & CEO of ASX:REZ explorer and developer of projects in Western Australia and Queensland.

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Nimy Resources Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Nimy Resources Limited.