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NICO Resources Limited (ASX:NC1)

ALERT: Price-sensitive ASX Announcement for NC1
Current share price for NC1 : $0.125 -0.195 (-60.94%)+
Announcement
Release
29 Jan 2026 8:19AM
Price at Release
$0.320
Full Release
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Summary
NICO Resources Limited has released its quarterly activities and cash flow report for the period ending 31 December 2025. The company reported a closing cash and working capital balance of $2,814,405. Throughout the quarter, exploration and evaluation expenditures amounted to $202,571. The company issued 907,888 shares at $0.131 per share in lieu of directors' fees and granted 3,000,000 unquoted options to the Managing Director. The key activities in the quarter included the progression of an infill drilling program to upgrade resources, development of a geometallurgical model for the Wingellina project, and continued stakeholder engagement. Market conditions were challenging, but nickel and cobalt prices showed signs of improvement towards the end of the quarter. Future plans include further exploration, engagement with stakeholders, and preparations for additional infrastructure developments.
Key Points
  • NICO Resources Limited quarterly report for 31 December 2025.
  • Closing cash and working capital of $2,814,405.
  • Exploration and evaluation expenditures of $202,571.
  • Issued 907,888 shares in lieu of directors' fees.
  • 3,000,000 unquoted options granted to Managing Director.
  • Progressed infill drilling program at Wingellina.
  • Development of geometallurgical model.
  • Stakeholder engagement continued.
  • Nickel and cobalt prices showed improvement.
  • Future plans include further exploration and infrastructure development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.