Australia's Nimy Resources rises on gallium find

Nimy Resources

04/07/2025 05:24

** Shares of Nimy Resources Ltd NIM.AX rise 2.41% to A$0.085, their highest level since June 16

** Critical-minerals explorer identifies presence of high-grade gallium in further drilling in Block 3 within the Mons project in Western Australia

** Co says results confirm the potential for Block 3 as a standalone gallium project

** NIM rose as much as 10.8% to A$0.092, marking its biggest intraday pct gain since June 16

** Around 2.8 mln shares change hands, 2.4x the 30-day avg trading volume of about 1.2 mln

** Session extends YTD gains to 30.77%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))