NICO Resources Limited (ASX:NC1)

ALERT: Price-sensitive ASX Announcement for NC1

Current share price for NC1 : $0.105 -0.095 (-47.50%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

28 Apr 2026 12:20PM

Price at Release

$0.200

Full Release

Summary

Nico Resources Limited's quarterly report as of March 2026 highlights key financial activities, including cash and cash equivalents standing at $5.42 million, and net cash used in operating activities totaling $777,000. The report details proceeds from equity securities issuance of $3.731 million and underscores the significance of the Wingellina Project, a major contributor to the company's operations, with substantial nickel and cobalt reserves and a pre-feasibility study confirming its Tier 1 status. The document notes an increase in nickel prices due to Indonesia's reduced mining quotas and export tax. The company did not pay dividends this quarter, and it maintains an estimated 6.22 quarters of funding availability. Nico Resources Limited's market capitalisation is noted to be $25.35 million.

Key Points

Nico Resources Limited reported cash and cash equivalents of $5.42 million at the end of March 2026.
Net cash used in operating activities was $777,000 for the quarter.
Proceeds from equity securities issuance amounted to $3.731 million.
Wingellina Project is central to NICO's operations, with significant nickel and cobalt reserves.
Nickel prices increased due to reduced Indonesian mining quotas and a new export tax.
The report mentions a pre-feasibility study confirming the Tier 1 status of the Wingellina Project.
No dividends were paid during the quarter.
Total market capitalisation of Nico Resources Limited is $25.35 million.
Estimated quarters of funding available was calculated at 6.22 quarters.

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.