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Nimy Resources Limited (ASX:NIM)

ALERT: Price-sensitive ASX Announcement for NIM
Current share price for NIM : $0.036 -0.035 (-49.30%)+
Announcement
Release
31 Oct 2025 4:47PM
Price at Release
$0.071
Full Release
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Summary
Nimy Resources Limited has released its quarterly activities and cashflow report for the quarter ending 30 September 2025. The report details significant financial activities, including $620,000 in net cash outflow from operating activities, and $1,461,000 used in investing activities, primarily on exploration and evaluation. The company raised $1,722,000 from the issue of equity securities, with transaction costs of $103,000. Exploration highlights include significant findings at the Masson Cu-Ni-PGE project, with notable drill intersections reported, affirming the potential mineralization in the area. The report emphasizes ongoing exploration efforts and financial maneuvers to support Nimy's mineral exploration projects.
Key Points
  • Net cash outflow of $620,000 from operating activities.
  • $1,461,000 spent on investing activities, mainly for exploration and evaluation.
  • $1,722,000 raised from equity securities issue.
  • Significant mineralization findings in the Masson Cu-Ni-PGE project.
  • Ongoing exploration efforts highlighted.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.