NIM: Annual Report to Shareholders

Original announcement by asx on

Company
Nimy Resources Limited
Ticker
NIM
Exchange
ASX
Region
Western Australia
Primary commodity
Gallium
Secondary commodities
Rare earth oxides, Neodymium praseodymium, Copper, Zinc, Gold, Nickel, Cobalt, Pge, Silver, Lead, Molybdenum, Bismuth, Arsenic, Antimony, Tellurium, Tungsten, Sulfur
Document categories
Resource update, Metallurgy, Capital raise, Drill results
Extracted
2026-09-24 09:07:44 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Nimy Resources Limited reported a transformative year, highlighted by a maiden JORC Inferred Mineral Resource for high-grade gallium and rare earth oxides at its Block 3 project in Western Australia. The company also announced positive metallurgical test work results for gallium and REE, alongside successful capital raises totaling over $6.6 million. Exploration efforts advanced other targets, including a new district-scale gold system and promising copper-nickel-PGE and VHMS prospects, despite facing a legal dispute and ongoing going concern considerations.

Reasoning: Nimy Resources reported a highly positive year with a maiden high-grade gallium resource, strong metallurgical results, and successful capital raises. New gold and base metal discoveries add significant exploration upside. However, the company faces a material legal dispute and ongoing financial challenges, and the drill results for Sneaky Squirrel are low grade.

Positive factors

  • Maiden JORC Inferred Mineral Resource for high-grade gallium and rare earth oxides at Block 3.
  • Positive metallurgical test work results for gallium (84% recovery) and rare earth elements (80-95% recovery), matching or improving on prior results.
  • Successful capital raises through placement and Share Purchase Plan, providing significant funding.
  • Discovery of a new district-scale gold system (Corporate James) from extensive soil geochemistry.
  • Advancement of copper-nickel-PGE (Masson) and VHMS (Sneaky Squirrel) targets with geophysical surveys and drilling.
  • JORC 2012 compliant reporting for resource estimate and metallurgical results, with named Competent Persons.

Negative factors

  • Company is involved in a legal dispute with Lind Global Fund II, LP, claiming over $3.7 million plus interest and costs.
  • The company reported a net loss and net current liability, indicating ongoing going concern considerations.
  • The gallium resource is currently in the Inferred category, which is the lowest confidence level for resource estimates.
  • Drill results from Sneaky Squirrel show generally low-grade copper and zinc intercepts, significantly below the company's average copper grades from other projects.
  • Metallurgical process technology is described as proprietary, which may imply unproven or experimental aspects.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 61

Classification and evidence

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("concentrate")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Extracted facts

Stored fact records: 61. Some facts used in scoring do not have a stored record.

Drill Results (25)

NRRC161Sneaky Squirrel · zincGrade: 0.62Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
NRRC161
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.62
Grade Unit
%
Intercept
8 m
From
183 m
To
191 m
Intercept Depth
183 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC161:183-191

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows low-grade zinc in an exploration hole, which is below economic thresholds for a VMS deposit, but contributes to understanding the system.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Low zinc grade (0.62%) for a VMS system, below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.62% Zn”

Context: 8m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.62% is below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.62% Zn”

Context: 8m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“8m”

Context: NRRC161

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC161Sneaky Squirrel · copperGrade: 557Grade Unit: ppmIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
NRRC161
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
557
Grade Unit
ppm
Intercept
8 m
From
183 m
To
191 m
Intercept Depth
183 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC161:183-191

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade copper in an exploration hole, which is well below economic thresholds for a VMS deposit, but provides geological information.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low copper grade (557ppm or 0.0557%) for a VMS system, well below the weak threshold of 0.4%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“557ppm Cu”

Context: 8m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 557ppm (0.0557%) is well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“557ppm Cu”

Context: 8m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“8m”

Context: NRRC161

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC161Sneaky Squirrel · sulfurGrade: 1.75Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
NRRC161
Project
Sneaky Squirrel
Commodity
sulfur
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
1.75
Grade Unit
%
Intercept
8 m
From
183 m
To
191 m
Intercept Depth
183 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC161:183-191

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows sulfur content, which is indicative of sulphide mineralization in a VMS system, providing geological information for further exploration.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, providing geological context.

Negative factors

  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“1.75% S”

Context: 8m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“8m”

Context: NRRC161

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC162Sneaky Squirrel · zincGrade: 0.21Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
NRRC162
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.21
Grade Unit
%
Intercept
8 m
From
68 m
To
76 m
Intercept Depth
68 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC162:68-76

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade zinc in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low zinc grade (0.21%) for a VMS system, well below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.21% Zn”

Context: 8m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.21% is well below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.21% Zn”

Context: 8m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“8m”

Context: NRRC162

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC162Sneaky Squirrel · copperGrade: 69Grade Unit: ppmIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
NRRC162
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
69
Grade Unit
ppm
Intercept
8 m
From
68 m
To
76 m
Intercept Depth
68 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC162:68-76

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows extremely low-grade copper in an exploration hole, which is not economically significant for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Extremely low copper grade (69ppm or 0.0069%) for a VMS system, significantly below economic thresholds.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“69ppm Cu”

Context: 8m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 69ppm (0.0069%) is extremely low and well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“69ppm Cu”

Context: 8m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“8m”

Context: NRRC162

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC162Sneaky Squirrel · sulfurGrade: 0.26Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
NRRC162
Project
Sneaky Squirrel
Commodity
sulfur
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.26
Grade Unit
%
Intercept
8 m
From
68 m
To
76 m
Intercept Depth
68 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC162:68-76

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows sulfur content, which is indicative of sulphide mineralization in a VMS system, providing geological information for further exploration.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, providing geological context.

Negative factors

  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.26% S”

Context: 8m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“8m”

Context: NRRC162

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC162Sneaky Squirrel · zincGrade: 0.22Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC162
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.22
Grade Unit
%
Intercept
4 m
From
128 m
To
132 m
Intercept Depth
128 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC162:128-132

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade zinc in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low zinc grade (0.22%) for a VMS system, well below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.22% Zn”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.22% is well below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.22% Zn”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC162

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC162Sneaky Squirrel · copperGrade: 336Grade Unit: ppmIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC162
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
336
Grade Unit
ppm
Intercept
4 m
From
128 m
To
132 m
Intercept Depth
128 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC162:128-132

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade copper in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low copper grade (336ppm or 0.0336%) for a VMS system, well below the weak threshold of 0.4%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“336ppm Cu”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 336ppm (0.0336%) is well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“336ppm Cu”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC162

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC162Sneaky Squirrel · sulfurGrade: 0.98Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC162
Project
Sneaky Squirrel
Commodity
sulfur
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.98
Grade Unit
%
Intercept
4 m
From
128 m
To
132 m
Intercept Depth
128 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC162:128-132

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows sulfur content, which is indicative of sulphide mineralization in a VMS system, providing geological information for further exploration.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, providing geological context.

Negative factors

  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.98% S”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC162

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · zincGrade: 0.11Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.11
Grade Unit
%
Intercept
4 m
From
92 m
To
96 m
Intercept Depth
92 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:92-96

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade zinc in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low zinc grade (0.11%) for a VMS system, well below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.11% Zn”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.11% is well below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.11% Zn”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · copperGrade: 135Grade Unit: ppmIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
135
Grade Unit
ppm
Intercept
4 m
From
92 m
To
96 m
Intercept Depth
92 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:92-96

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade copper in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low copper grade (135ppm or 0.0135%) for a VMS system, well below the weak threshold of 0.4%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“135ppm Cu”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 135ppm (0.0135%) is well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“135ppm Cu”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · sulfurGrade: 0.42Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
sulfur
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.42
Grade Unit
%
Intercept
4 m
From
92 m
To
96 m
Intercept Depth
92 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:92-96

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows sulfur content, which is indicative of sulphide mineralization in a VMS system, providing geological information for further exploration.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, providing geological context.

Negative factors

  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.42% S”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · zincGrade: 0.19Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.19
Grade Unit
%
Intercept
4 m
From
108 m
To
112 m
Intercept Depth
108 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:108-112

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade zinc in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low zinc grade (0.19%) for a VMS system, well below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.19% Zn”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.19% is well below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.19% Zn”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · copperGrade: 153Grade Unit: ppmIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
153
Grade Unit
ppm
Intercept
4 m
From
108 m
To
112 m
Intercept Depth
108 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:108-112

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade copper in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low copper grade (153ppm or 0.0153%) for a VMS system, well below the weak threshold of 0.4%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“153ppm Cu”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 153ppm (0.0153%) is well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“153ppm Cu”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · sulfurGrade: 0.68Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
sulfur
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.68
Grade Unit
%
Intercept
4 m
From
108 m
To
112 m
Intercept Depth
108 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:108-112

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows sulfur content, which is indicative of sulphide mineralization in a VMS system, providing geological information for further exploration.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, providing geological context.

Negative factors

  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.68% S”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · zincGrade: 0.1Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.1
Grade Unit
%
Intercept
4 m
From
132 m
To
136 m
Intercept Depth
132 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:132-136

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade zinc in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low zinc grade (0.10%) for a VMS system, well below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.10% Zn”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.10% is well below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.10% Zn”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · copperGrade: 80Grade Unit: ppmIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
80
Grade Unit
ppm
Intercept
4 m
From
132 m
To
136 m
Intercept Depth
132 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:132-136

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows extremely low-grade copper in an exploration hole, which is not economically significant for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Extremely low copper grade (80ppm or 0.008%) for a VMS system, significantly below economic thresholds.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“80ppm Cu”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 80ppm (0.008%) is extremely low and well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“80ppm Cu”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC163Sneaky Squirrel · sulfurGrade: 0.4Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC163
Project
Sneaky Squirrel
Commodity
sulfur
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.4
Grade Unit
%
Intercept
4 m
From
132 m
To
136 m
Intercept Depth
132 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC163:132-136

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows sulfur content, which is indicative of sulphide mineralization in a VMS system, providing geological information for further exploration.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, providing geological context.

Negative factors

  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.40% S”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC163

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC164Sneaky Squirrel · zincGrade: 0.18Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC164
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.18
Grade Unit
%
Intercept
4 m
From
36 m
To
40 m
Intercept Depth
36 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC164:36-40

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade zinc in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low zinc grade (0.18%) for a VMS system, well below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.18% Zn”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.18% is well below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.18% Zn”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC164

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC164Sneaky Squirrel · copperGrade: 464Grade Unit: ppmIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC164
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
464
Grade Unit
ppm
Intercept
4 m
From
36 m
To
40 m
Intercept Depth
36 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC164:36-40

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade copper in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low copper grade (464ppm or 0.0464%) for a VMS system, well below the weak threshold of 0.4%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“464ppm Cu”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 464ppm (0.0464%) is well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“464ppm Cu”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC164

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC164Sneaky Squirrel · zincGrade: 0.15Grade Unit: %Intercept: 12 mView all details
Link to this fact

Identity

Hole ID
NRRC164
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.15
Grade Unit
%
Intercept
12 m
From
64 m
To
76 m
Intercept Depth
64 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC164:64-76

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade zinc in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low zinc grade (0.15%) for a VMS system, well below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.15% Zn”

Context: 12m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.15% is well below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.15% Zn”

Context: 12m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“12m”

Context: NRRC164

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC164Sneaky Squirrel · copperGrade: 383Grade Unit: ppmIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
NRRC164
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
383
Grade Unit
ppm
Intercept
12 m
From
64 m
To
76 m
Intercept Depth
64 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC164:64-76

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows very low-grade copper in an exploration hole, which is well below economic thresholds for a VMS deposit.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel.

Negative factors

  • Very low copper grade (383ppm or 0.0383%) for a VMS system, well below the weak threshold of 0.4%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“383ppm Cu”

Context: 12m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 383ppm (0.0383%) is well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“383ppm Cu”

Context: 12m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“12m”

Context: NRRC164

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC164Sneaky Squirrel · sulfurGrade: 0.62Grade Unit: %Intercept: 12 mView all details
Link to this fact

Identity

Hole ID
NRRC164
Project
Sneaky Squirrel
Commodity
sulfur
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.62
Grade Unit
%
Intercept
12 m
From
64 m
To
76 m
Intercept Depth
64 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC164:64-76

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows sulfur content, which is indicative of sulphide mineralization in a VMS system, providing geological information for further exploration.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, providing geological context.

Negative factors

  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.62% S”

Context: 12m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“12m”

Context: NRRC164

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC164Sneaky Squirrel · zincGrade: 0.31Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC164
Project
Sneaky Squirrel
Commodity
zinc
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
0.31
Grade Unit
%
Intercept
4 m
From
68 m
To
72 m
Intercept Depth
68 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC164:68-72

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows a higher-grade sub-interval of zinc, but still below economic thresholds for a VMS deposit, providing more detailed geological information.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, representing a higher-grade sub-interval.

Negative factors

  • Low zinc grade (0.31%) for a VMS system, below the weak threshold of 2%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“0.31% Zn”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The zinc grade of 0.31% is below the weak threshold of 2% for VMS zinc deposits.

Evidence · table

“0.31% Zn”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC164

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”
NRRC164Sneaky Squirrel · copperGrade: 497Grade Unit: ppmIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
NRRC164
Project
Sneaky Squirrel
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
NIM

Geometry

Grade
497
Grade Unit
ppm
Intercept
4 m
From
68 m
To
72 m
Intercept Depth
68 m

Classification

Program
exploration
Sample Type
drill
Group ID
NRRC164:68-72

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This intercept shows a higher-grade sub-interval of copper, but still well below economic thresholds for a VMS deposit, providing more detailed geological information.

Positive factors

  • New drill intercept from an exploration program at Sneaky Squirrel, representing a higher-grade sub-interval.

Negative factors

  • Very low copper grade (497ppm or 0.0497%) for a VMS system, well below the weak threshold of 0.4%.
  • Only apparent width is disclosed, true width is unknown.

Evidence · table

“497ppm Cu”

Context: 4m

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Low Grade InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 497ppm (0.0497%) is well below the weak threshold of 0.4% for VMS copper deposits.

Evidence · table

“497ppm Cu”

Context: 4m

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The interval is given as downhole width with no true width or drill orientation.

Evidence · table

“4m”

Context: NRRC164

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Mr Fergus Jockel is a Competent Person for exploration results.

Evidence · text

“Mr Fergus Jockel, a full-time employee of Fergus Jockel Geological Services Pty Ltd. Mr Jockel is a Member of the Australasian Institute of Mining and Metallurgy (1987) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).”

Resource Estimates (33)

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 65800000Grade: 41Grade Unit: g/tContained Metal: 2730Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:cde2ce327b4e5881013c

Resource Data

Category
inferred
Tonnes
65800000
Grade
41
Grade Unit
g/t
Contained Metal
2730
Contained Unit
t
Cutoff Grade
0
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“41”

Context: 65.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 65800000Grade: 502Grade Unit: ppmContained Metal: 33040Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:cde2ce327b4e5881013c

Resource Data

Category
inferred
Tonnes
65800000
Grade
502
Grade Unit
ppm
Contained Metal
33040
Contained Unit
t
Cutoff Grade
0
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“502”

Context: 65.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 65800000Grade: 96Grade Unit: ppmContained Metal: 6290Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:cde2ce327b4e5881013c

Resource Data

Category
inferred
Tonnes
65800000
Grade
96
Grade Unit
ppm
Contained Metal
6290
Contained Unit
t
Cutoff Grade
0
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“96”

Context: 65.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 65800000Grade: 41Grade Unit: g/tContained Metal: 2730Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:cde2ce327b4e5881013c

Resource Data

Category
inferred
Tonnes
65800000
Grade
41
Grade Unit
g/t
Contained Metal
2730
Contained Unit
t
Cutoff Grade
10
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“41”

Context: 65.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 65800000Grade: 502Grade Unit: ppmContained Metal: 33030Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:cde2ce327b4e5881013c

Resource Data

Category
inferred
Tonnes
65800000
Grade
502
Grade Unit
ppm
Contained Metal
33030
Contained Unit
t
Cutoff Grade
10
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“502”

Context: 65.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 65800000Grade: 96Grade Unit: ppmContained Metal: 6290Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:cde2ce327b4e5881013c

Resource Data

Category
inferred
Tonnes
65800000
Grade
96
Grade Unit
ppm
Contained Metal
6290
Contained Unit
t
Cutoff Grade
10
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“96”

Context: 65.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 64300000Grade: 42Grade Unit: g/tContained Metal: 2700Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:7f3545e8ff4bbd397369

Resource Data

Category
inferred
Tonnes
64300000
Grade
42
Grade Unit
g/t
Contained Metal
2700
Contained Unit
t
Cutoff Grade
20
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“42”

Context: 64.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 64300000Grade: 507Grade Unit: ppmContained Metal: 32600Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:7f3545e8ff4bbd397369

Resource Data

Category
inferred
Tonnes
64300000
Grade
507
Grade Unit
ppm
Contained Metal
32600
Contained Unit
t
Cutoff Grade
20
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“507”

Context: 64.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 64300000Grade: 96Grade Unit: ppmContained Metal: 6180Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:7f3545e8ff4bbd397369

Resource Data

Category
inferred
Tonnes
64300000
Grade
96
Grade Unit
ppm
Contained Metal
6180
Contained Unit
t
Cutoff Grade
20
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“96”

Context: 64.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 42600000Grade: 50Grade Unit: g/tContained Metal: 2140Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:dfefc58bd80db440fb45

Resource Data

Category
inferred
Tonnes
42600000
Grade
50
Grade Unit
g/t
Contained Metal
2140
Contained Unit
t
Cutoff Grade
30
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“50”

Context: 42.6

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 42600000Grade: 571Grade Unit: ppmContained Metal: 24300Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:dfefc58bd80db440fb45

Resource Data

Category
inferred
Tonnes
42600000
Grade
571
Grade Unit
ppm
Contained Metal
24300
Contained Unit
t
Cutoff Grade
30
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“571”

Context: 42.6

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 42600000Grade: 106Grade Unit: ppmContained Metal: 4510Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:dfefc58bd80db440fb45

Resource Data

Category
inferred
Tonnes
42600000
Grade
106
Grade Unit
ppm
Contained Metal
4510
Contained Unit
t
Cutoff Grade
30
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“106”

Context: 42.6

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 18500000Grade: 72Grade Unit: g/tContained Metal: 1320Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:3f412ea358df8b94a8f5

Resource Data

Category
inferred
Tonnes
18500000
Grade
72
Grade Unit
g/t
Contained Metal
1320
Contained Unit
t
Cutoff Grade
40
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“72”

Context: 18.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 18500000Grade: 598Grade Unit: ppmContained Metal: 11050Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:3f412ea358df8b94a8f5

Resource Data

Category
inferred
Tonnes
18500000
Grade
598
Grade Unit
ppm
Contained Metal
11050
Contained Unit
t
Cutoff Grade
40
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“598”

Context: 18.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 18500000Grade: 113Grade Unit: ppmContained Metal: 2090Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:3f412ea358df8b94a8f5

Resource Data

Category
inferred
Tonnes
18500000
Grade
113
Grade Unit
ppm
Contained Metal
2090
Contained Unit
t
Cutoff Grade
40
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“113”

Context: 18.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 13400000Grade: 82Grade Unit: g/tContained Metal: 1100Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:5a770cdc7e8792fafb79

Resource Data

Category
inferred
Tonnes
13400000
Grade
82
Grade Unit
g/t
Contained Metal
1100
Contained Unit
t
Cutoff Grade
50
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“82”

Context: 13.4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 13400000Grade: 583Grade Unit: ppmContained Metal: 7790Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:5a770cdc7e8792fafb79

Resource Data

Category
inferred
Tonnes
13400000
Grade
583
Grade Unit
ppm
Contained Metal
7790
Contained Unit
t
Cutoff Grade
50
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“583”

Context: 13.4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 13400000Grade: 111Grade Unit: ppmContained Metal: 1480Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:5a770cdc7e8792fafb79

Resource Data

Category
inferred
Tonnes
13400000
Grade
111
Grade Unit
ppm
Contained Metal
1480
Contained Unit
t
Cutoff Grade
50
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“111”

Context: 13.4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 9500000Grade: 93Grade Unit: g/tContained Metal: 880Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:ab2159aaabdff0354e7f

Resource Data

Category
inferred
Tonnes
9500000
Grade
93
Grade Unit
g/t
Contained Metal
880
Contained Unit
t
Cutoff Grade
60
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“93”

Context: 9.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 9500000Grade: 563Grade Unit: ppmContained Metal: 5340Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:ab2159aaabdff0354e7f

Resource Data

Category
inferred
Tonnes
9500000
Grade
563
Grade Unit
ppm
Contained Metal
5340
Contained Unit
t
Cutoff Grade
60
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“563”

Context: 9.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 9500000Grade: 108Grade Unit: ppmContained Metal: 1020Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:ab2159aaabdff0354e7f

Resource Data

Category
inferred
Tonnes
9500000
Grade
108
Grade Unit
ppm
Contained Metal
1020
Contained Unit
t
Cutoff Grade
60
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a low cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“108”

Context: 9.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 7200000Grade: 102Grade Unit: g/tContained Metal: 740Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:b3d879ef4aeea7302fa9

Resource Data

Category
inferred
Tonnes
7200000
Grade
102
Grade Unit
g/t
Contained Metal
740
Contained Unit
t
Cutoff Grade
70
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for high-grade gallium, a critical metal, at a reasonable cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • High-grade gallium resource, positioning the company as a potential key supplier.
  • Maiden resource estimate for a critical metal, indicating significant potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“102”

Context: 7.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 7200000Grade: 538Grade Unit: ppmContained Metal: 3890Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:b3d879ef4aeea7302fa9

Resource Data

Category
inferred
Tonnes
7200000
Grade
538
Grade Unit
ppm
Contained Metal
3890
Contained Unit
t
Cutoff Grade
70
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a reasonable cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“538”

Context: 7.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 7200000Grade: 104Grade Unit: ppmContained Metal: 750Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:b3d879ef4aeea7302fa9

Resource Data

Category
inferred
Tonnes
7200000
Grade
104
Grade Unit
ppm
Contained Metal
750
Contained Unit
t
Cutoff Grade
70
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a reasonable cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“104”

Context: 7.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 5400000Grade: 112Grade Unit: g/tContained Metal: 600Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:bc21be9f8c3c5692206b

Resource Data

Category
inferred
Tonnes
5400000
Grade
112
Grade Unit
g/t
Contained Metal
600
Contained Unit
t
Cutoff Grade
80
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a higher cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“112”

Context: 5.4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 5400000Grade: 508Grade Unit: ppmContained Metal: 2730Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:bc21be9f8c3c5692206b

Resource Data

Category
inferred
Tonnes
5400000
Grade
508
Grade Unit
ppm
Contained Metal
2730
Contained Unit
t
Cutoff Grade
80
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a higher cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“508”

Context: 5.4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 5400000Grade: 101Grade Unit: ppmContained Metal: 540Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:bc21be9f8c3c5692206b

Resource Data

Category
inferred
Tonnes
5400000
Grade
101
Grade Unit
ppm
Contained Metal
540
Contained Unit
t
Cutoff Grade
80
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a higher cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“101”

Context: 5.4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 4000000Grade: 121Grade Unit: g/tContained Metal: 480Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:d7f3d0bff6fd7c4e2253

Resource Data

Category
inferred
Tonnes
4000000
Grade
121
Grade Unit
g/t
Contained Metal
480
Contained Unit
t
Cutoff Grade
90
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a higher cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“121”

Context: 4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 4000000Grade: 492Grade Unit: ppmContained Metal: 1950Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:d7f3d0bff6fd7c4e2253

Resource Data

Category
inferred
Tonnes
4000000
Grade
492
Grade Unit
ppm
Contained Metal
1950
Contained Unit
t
Cutoff Grade
90
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a higher cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“492”

Context: 4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 4000000Grade: 99Grade Unit: ppmContained Metal: 390Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:d7f3d0bff6fd7c4e2253

Resource Data

Category
inferred
Tonnes
4000000
Grade
99
Grade Unit
ppm
Contained Metal
390
Contained Unit
t
Cutoff Grade
90
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a higher cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“99”

Context: 4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · galliumTonnes: 2900000Grade: 131Grade Unit: g/tContained Metal: 380Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:a62dbd75ecc7fa5e3d39

Resource Data

Category
inferred
Tonnes
2900000
Grade
131
Grade Unit
g/t
Contained Metal
380
Contained Unit
t
Cutoff Grade
100
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for gallium, a critical metal, at a high cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for a critical metal, indicating significant tonnage potential.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“131”

Context: 2.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · rare earth oxidesTonnes: 2900000Grade: 448Grade Unit: ppmContained Metal: 1290Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
rare earth oxides
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:a62dbd75ecc7fa5e3d39

Resource Data

Category
inferred
Tonnes
2900000
Grade
448
Grade Unit
ppm
Contained Metal
1290
Contained Unit
t
Cutoff Grade
100
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for rare earth oxides, a critical metal, at a high cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“448”

Context: 2.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

inferredBlock 3 – Mons Gallium and Rare Earths Resource · neodymium praseodymiumTonnes: 2900000Grade: 92Grade Unit: ppmContained Metal: 270Contained Unit: tView all details
Link to this fact

Identity

Project
Block 3 – Mons Gallium and Rare Earths Resource
Commodity
neodymium praseodymium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rodney Brown
Resource group id
resource:a62dbd75ecc7fa5e3d39

Resource Data

Category
inferred
Tonnes
2900000
Grade
92
Grade Unit
ppm
Contained Metal
270
Contained Unit
t
Cutoff Grade
100
Cutoff Unit
g/t Ga2O3

Prior Estimate

Resource Date
2025-11-13

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This is a maiden Inferred resource for neodymium praseodymium, a critical metal, at a high cut-off grade, indicating significant tonnage potential, but with low confidence.

Positive factors

  • Part of a maiden resource estimate for critical rare earth elements, adding significant value.
  • Cut-off grade is disclosed, allowing for transparent evaluation.

Negative factors

  • Resource is in the Inferred category, representing the lowest level of geological confidence.

Evidence · table

“92”

Context: 2.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, which is the lowest confidence category.

Evidence · table

“Inferred”

Context: 7.23

Metallurgical Results (3)

metallurgical testworkBlock 3 · galliumRecovery: 84 %View all details
Link to this fact

Identity

Project
Block 3
Commodity
gallium
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Test Work

Program Status
detailed
Test Type
metallurgical testwork
Processing Route
proprietary process technology

Recovery

Recovery
84 %
Recovery Basis
actual_test

Lab

Laboratory
Curtin University and Strategic Metallurgy Pty Ltd
Consultant
Strategic Metallurgy Pty Ltd

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: Strong metallurgical results for gallium, with high recovery achieved through a proprietary process, indicating positive progress towards economic viability.

Positive factors

  • High recovery rate of 84% for gallium, matching prior results.
  • Test work conducted by reputable laboratories and consultants.
  • QP/CP signed off on the metallurgical results, ensuring credibility.

Negative factors

  • Processing route is described as proprietary, which may imply unproven or experimental aspects.

Evidence · text

“demonstrating extraction of 84% of contained gallium”
metallurgical testworkBlock 3 · rare earth elementsRecovery: 80 %View all details
Link to this fact

Identity

Project
Block 3
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Test Work

Program Status
detailed
Test Type
metallurgical testwork
Processing Route
proprietary process technology

Recovery

Recovery
80 %
Recovery Basis
actual_test

Lab

Laboratory
Curtin University and Strategic Metallurgy Pty Ltd
Consultant
Strategic Metallurgy Pty Ltd

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: Strong metallurgical results for rare earth elements, with high recovery achieved through a proprietary process, indicating positive progress towards economic viability.

Positive factors

  • High recovery rate of 80% for rare earth elements.
  • Test work conducted by reputable laboratories and consultants.
  • QP/CP signed off on the metallurgical results, ensuring credibility.

Negative factors

  • Processing route is described as proprietary, which may imply unproven or experimental aspects.

Evidence · text

“80-95% of contained rare earth elements”
metallurgical testworkBlock 3 · rare earth elementsRecovery: 95 %View all details
Link to this fact

Identity

Project
Block 3
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
NIM

Test Work

Program Status
detailed
Test Type
metallurgical testwork
Processing Route
proprietary process technology

Recovery

Recovery
95 %
Recovery Basis
actual_test

Lab

Laboratory
Curtin University and Strategic Metallurgy Pty Ltd
Consultant
Strategic Metallurgy Pty Ltd

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: Strong metallurgical results for rare earth elements, with high recovery achieved through a proprietary process, indicating positive progress towards economic viability.

Positive factors

  • High recovery rate of 95% for rare earth elements.
  • Test work conducted by reputable laboratories and consultants.
  • QP/CP signed off on the metallurgical results, ensuring credibility.

Negative factors

  • Processing route is described as proprietary, which may imply unproven or experimental aspects.

Evidence · text

“80-95% of contained rare earth elements”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.