Shares of Nimy Resources (ASX:NIM) experienced an increase of as much as 34.2% to A$0.255.

The stock is headed towards its largest gain since June 8, given the current trending behaviour.

Significantly, the nickel miner announced the identification of considerable nickel-copper sulphides at its first drilling hole at maximum likelihood-expectation maximization (MLEM) conductive plates in its Mons Project, Western Australia.

To expedite assaying, samples have been delivered to Perth.

The stock has reached its highest level since June 28.

There was a transaction of 1.2 million shares, in stark contrast to the 30-day average volume of 107,846 shares.

As per the last closing, the stock was down by 24% Year to Date.

Nimy Resources (ASX:NIM) is a company that specialises in the mining of nickel.