NIMY RESOURCES LIMITED — Capital/Financing Update 2025

Feb 25, 2025

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

NIMY RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

26/2/2025

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unlisted options with an exercise price of $0.10 each and	10,454,545
confirmed	expiring on 30 June 2028.
Proposed +issue date
16/4/2025

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

NIMY RESOURCES LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number

155855986

1.3 ASX issuer code

NIM

1.4 The announcement is

New announcement

1.5 Date of this announcement

26/2/2025

1.6 The Proposed issue is:

A placement or other type of issue

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 15/4/2025 Estimated

Comments

As announced on 26 February 2025, the Company has raised AUD1.15 million through a Share Placement with 20,909,090 shares to be issued utilising the Company's share capacities under Listings Rule 7.1 and 7.1A. The Company also agreed to issue one unlisted option for every two Placement Shares subscribed for, with each unlisted option exercisable at 10 cents and expiring on 30 June 2028. The unlisted options to be issued are subject to approval at a meeting of shareholders scheduled to take place on or around mid April 2025.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed Unlisted options with an exercise price of $0.10 each and expiring on 30 June 2028.

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Appendix 3B - Proposed issue of securities

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+Security type
Options
Number of +securities proposed to be issued
10,454,545
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Free attaching unlisted options to the 20,909,090 Placement Shares subscribed for as announced on 26 February 2025.
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
0.100000
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
Options details
+Security currency Exercise price	Expiry date
AUD - Australian Dollar AUD 0.1000	30/6/2028
Details of the type of +security that will be issued if the option is exercised
NIM : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
Upon exercise, each unlisted option converts to one fully paid ordinary share (ASX:NIM).
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.
Refer to ASX announcement lodged on 26 February 2025.

Part 7C - Timetable 7C.1 Proposed +issue date 16/4/2025

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes

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Appendix 3B - Proposed issue of securities

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7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

15/4/2025

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? Yes

7E.1a Who is the lead manager/broker?

GBA Capital Pty Ltd and Charles Street Capital Pty Ltd are the Joint Lead Managers.

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

For the services provided, each Joint Lead Manager will receive a 6% capital raising fee, exclusive of GST from the proceeds raised. In addition, each Joint Lead Manager will receive 5,000,000 unlisted options, each with an exercise price of $0.10 each and expiring on 30 June 2028.

7E.2 Is the proposed issue to be underwritten?

No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Only as noted above.

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

Funds raised from the Placement together with existing cash reserves will be used to undertake a 22-hole program at the high-grade Block 3 gallium discovery, where Nimy has already outlined extensive mineralisation and for general working capital purposes.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

None.

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