\[Gamma] = 1; (*gyromagnetic ratio*)
m0 = {1, 0, 0}; (*initial magnetization*)
b = {0, 0, 1}; (*external magnetic field*)
T1 = 1; T2 = 1; (*relaxation times*)
meq = {0, 0, 0.1}; (*equilibrium magnetization*)
matrix[B_] := {{-1/T2, \[Gamma] B[[3]], -\[Gamma] B[[2]]}, {-\[Gamma] B[[3]], -1/T2, \[Gamma] B[[1]]}, {\[Gamma] B[[2]], -\[Gamma] B[[1]], -1/T1}}; (*evolution matrix*)
dt = 0.05; (*time step*)
m = m0;
evo = Reap[Do[
m = m/Norm[m]; (*make sure the vector is normalized*)
m = m + dt*(matrix[b] . m + meq/T1);
Sow[m]
, 1000]][[2, 1]];
frames = Table[
Graphics3D[{
Black, Sphere[{0, 0, 0}, 0.05], Sphere[evo[[j]], 0.02], Thick, Line[{{0, 0, 0}, evo[[j]]}],
Orange, Line[evo[[1 ;; j]] ],
Black, Arrow[{{-1, -1, 0}, {-1, -1, 0.8}}],
Text[Style["\!\(\*SubscriptBox[OverscriptBox[\(B\), \(\[Rule]\)], \\(ext\)]\)", Black, Bold], {-1, -1, 1}],
Thin, Gray,
Line[{{-1, -1, 0}, {-1, 1, 0}, {1, 1, 0}, {1, -1, 0}, {-1, -1, 0}}],
Black, Thick,
Arrow[{{-1, 1, 0}, {-1, 1, 0.5}}],
Arrow[{{-1, 1, 0}, {-0.5, 1, 0}}],
Arrow[{{-1, 1, 0}, {-1, 0.5, 0}}],
Text[Style["y", Black, Bold], {-0.4, 1, 0}],
Text[Style["x", Black, Bold], {-1, 0.4, 0}],
Text[Style["z", Black, Bold], {-1, 1, 0.6}]
}, PlotRange -> {{-1.2, 1.2}, {-1.2, 1.2}, {0, 1.2}},
Boxed -> False, ImageSize -> 400]
, {j, 2, 1000, 5}];
ListAnimate[frames]