Nimy Resources provided an operational update of drilling and EM survey works at the Mons Project. The reverse circulation drill program planned across 9 prospects has completed 5 of 6 holes at the Carbonatite Prospect and 7 of 9 holes at the East Prospect. Total of 2840m completed with 460 of 4m composite samples delivered for assay to Intertek in Perth and Kalgoorlie.

MLEM priority lines completed at Dease Gossan, North Tip and Indian Sandrunner prospects. Infill and extensions to survey underway at Dease Gossan and Indian Sandrunner Prospects. VTEM survey has aquired 75% of the planned area (1184 of 1583 line kms) including infill, survey block 6 added to survey area.

Resource Potentials have received data and are analysing and prioritising any anomalous reponses. Exploration activities at the Nimy Resources Mons Project are being carried out concurrently with Raglan Drilling onsite executing the reverse circulation drilling program conducted across 9 identified prospects of which 7 target nickel sulphide mineralisation, 1 REE mineralisation and 1 lithium mineralisation. A large scale VTEM survey (UTS Geophysics) is underway and is 75% complete on the first stage (5 blocks), the second stage has now been approved (1 block).

The data is acquired via helicopter borne VTEM and forwarded daily to the team at Resource Potentials for analysis. This survey is aimed at identifying first pass EM targets that will then be followed up with soil sampling and ground MLEM to identify accumulation of nickel sulphide mineralisation. The MLEM is being surveyed by Wireline Services Group and is across anomalous areas identified in the initial large scale broad spaced in loop MLEM survey.

The survey is configured as out of loop slingram coupled with a SQUID B sensor to enable greater accuracy in modelling of anomalies. Additional survey lines have been commissioned across prospects returning nickel, sulphur and copper soil anomalies coinciding with a geological interpretation of the underlying geophysics (magnetic, radiometric, gravity and VOXI depth slice modelling). Results are pending on 2840m reverse circulation drilling completed with 460 of 4m composite samples despatched to Perth and Kalgoorlie for geochemical assay analysis (Au, Pt, Pd + 48 element suite).

Resource Potentials are receiving all data from both the MLEM and VTEM surveys whereby anomalies in the data are flagged and prioritised for follow up. In the case of MLEM additional line or infill are requested if required to assist in modelling and analysis. VTEM data anomalies are prioritised for follow up soil sampling and MLEM survey.