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NICO Resources Limited (ASX:NC1)

ALERT: Price-sensitive ASX Announcement for NC1
Current share price for NC1 : $0.105 -0.015 (-12.50%)+
Announcement
Release
23 Jul 2026 8:27AM
Price at Release
$0.120
Full Release
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Summary
Nico Resources Limited reported its quarterly activities and cash flow for the period ending 30 June 2026. The company's Wingellina project in Western Australia continues to be a key focus with plans for an infill drilling program to enhance resource estimates. Significant activities included a Memorandum of Understanding with Pure Battery Technologies Ltd for potential collaboration. Financially, the company reported a net cash decrease from operations and investing activities, with no new financing raised during the quarter, leaving cash reserves at $4.861 million.
Key Points
  • Nico Resources Limited presented activities for the quarter ended 30 June 2026.
  • Wingellina project is a significant nickel-cobalt resource in Western Australia with a long-term production potential.
  • The company plans to commence an infill drilling program in the September quarter.
  • Appendix 5B reports a net cash decrease from operating activities of $226,000 for the current quarter.
  • Net cash used in investing activities amounted to $335,000.
  • No cash was raised from financing activities during the quarter.
  • Cash and cash equivalents at the end of the period were $4.861 million.
  • A Memorandum of Understanding was signed with Pure Battery Technologies Ltd for potential collaboration.
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.