Transcription of The Stock Network Interview with Nimy Resources (ASX:NIM) Technical Director, Christian Price
Lel Smits: Nimy Resources is a mineral exploration business targeting the discovery and development of critical mineral deposits in Western Australia. The company is fast-tracking its exploration works as it aims to define a maiden jork resource for its high-grade gallium discovery at its Block 3 prospect. Joining me today is Nimy Resources Technical Director Christian Price. Christian, welcome to the Stock Network.
Christian Price: Thanks for having us, Lel.
Lel Smits: Nimy Resources unveiled your gallium discovery at Block 3 at the tail end of last year and today has reported the outcomes from a mineralogy study that include new information about the source of gallium. What do the outcomes from this study tell you about the mineralised system at Block 3?
Christian Price: Yeah, the study is a part of a broader CSIRO mineral indicator study that’s been undertaken across the tenements. This part of the study is focused on the gallium mineralisation in Block 3 and the early tests and results we’ve got so far show that there’s a relatively simple mineralisation within that Block 3. It also shows that the gallium is concentrated within the chlorite schist material and the concentration of gallium within the chlorite schist material on early estimates looks to be about 400 to 800 ppm, which is a significant upgrade from our 300 ppm samples that we’ve issued to CSIRO for the initial test work.
Lel Smits: Excellent. Now, Nimy is targeting a maiden jock resource at Block 3 for later this year. A metallurgical test work is set to play an important role in this objective. What are some of the goals for this metallurgical testing?
Christian Price: Yes, so the metallurgical test work is being undertaken by Curtin University, West Australian School of Mines, and it’s supported by the Critical Minerals Trailblazer program.
The aims of the metallurgical test work is to utilise the information from the CSIRO study, the favourable information from the CSIRO study, to then move into further ore characterisation and recovery test work to get an understanding of how do we work a path to an economic gallium resource at our Block 3 prospect, and then what other further test work needs to be undertaken from further samples that have been undertaken from our next upcoming drill program. Now, you are also set to launch a follow-up drilling campaign at Block 3 in the coming days. What is this drilling designed to achieve? Yes, this drilling is our second phase of drilling.
Our drilling program is going to be targeting the high-grade schist material directly around our initial set of drill holes. We identified an exploration target earlier this year around the Gallium Block 3 resource, so testing that high-grade schist material as part of phase 2 drilling will help give us more confidence around our, I suppose, high-grade results that we’ve already achieved to date and expand that high-grade schist zone with the aim of improving our further jaw resource that we’re undertaking. There’ll also be a third phase of drilling that will expand out and step out broader than that second phase of high-grade schist, and that’ll be undertaken once we understand the exact kind of shape and size of our Block 3 discovery.
Lel Smits: Christian, thank you so much for the update from Nimy Resources and certainly a busy period ahead for the company.
Christian Price: Fantastic, thanks for having us, Lel.
Ends