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NICO Resources Ltd (NC1) is an Australian company incorporated on 29 April 2021 for the purpose of pursuing various mining opportunities in the resources sector designed to add shareholder value by exploring, developing, evaluating, acquiring, and exploiting mineral resource project opportunities.

Since incorporation, the Company has agreed to acquire a 100% legal and beneficial interest in the nickel assets of Metals X (MLX) consisting of the Wingellina (WA) and Claude Hills (SA) nickel projects, via the acquisition of 100% of the shares in Metals Exploration from Metals X.

The Central Musgrave Project tenements comprise 3 main exploration licences, known as Wingellina (WA), Claude Hill (SA) and Mt Davies (SA), an exploration licence covering the Lewis calcrete resource and three miscellaneous licences covering the defined water resources.

The Tenements host nickel cobalt scandium lateritic Mineral Resources in excess of 200 million tonnes, containing 1.95 million tonnes of nickel and 150 thousand tonnes of cobalt, along with a probable Ore Reserve of 164.8 million tonnes containing 1.56 million tonnes of Nickel and 123,000 tonnes of cobalt.

Listing date 11 January 2022 12:30 PM AEDT ##
Company contact details


Principal Activities Mining Exploration
Issue Price AUD 0.20
Issue Type Ordinary Fully Paid Shares
Security code NC1
Capital to be Raised $12,000,000
Expected offer close date 17 December 2021
Underwriter Not underwritten. Blue Ocean Equities Pty Ltd & Marketech Online Pty Ltd (Joint Lead Managers)
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  • 2 weeks later...

More forward facing run ups, it would seem

NC1 opened at 32c yesterday, and closed at 36c.  Today, there has been early buying to as high as 68c, and now cooling off a bit, mid 50s

Stockhead, among many mining sheets, probably helped with this bit of a gee up:

IPO Wrap: Investing in a battery metals IPO is the closest you’ll get to a sure thing right now



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  • 2 months later...

and at $1.67 after solid buying

from the Investor Presentation?

1. Approvals ... Mining and infrastructure agreement signed. EPA approval granted
2. Globally significant Nickel and Cobalt Resource in tier 1 mining jurisdiction with over over 1.5MT of contained Ni in RESERVES alone
3. Mining ...  Free dig, very low strip ratio, mining costs less than 5% of operating costs
4. Simple Metallurgy perfectly suited to produce products for any markets .... Stainless, Energy and Chemical
5. Power ... Gas availability confirmed, renewables alternatives to be explored Project water source confirmed  .... 40+ years supply

6. Nationally recognised Australian Critical Minerals Project Status (Cobalt)


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