NICO Resources Limited
NICOF
Other OTC0.08
USD
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NICO Resources Limited
NICOF
(Other OTC)
Recent
price
0.08
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- NICO Resources Limited (ASX:NC1; OTC:NICOF), founded in 2021 and headquartered in Perth, Western Australia, engages in the acquisition, exploration, and development of mineral properties focused on nickel-cobalt projects in Australia. The company holds 100% interest in the Central Musgrave Project (CMP), which hosts the flagship Wingellina nickel-cobalt project located in the Musgrave Ranges of Western Australia near the borders of the Northern Territory and South Australia; it also owns the Claude Hills nickel project situated approximately 30 kilometers east of Wingellina. Wingellina features a probable ore reserve of 164.8 million tonnes grading 0.95% nickel and 0.07% cobalt, supporting a 42-year mine life with planned open-pit mining, on-site hydrometallurgical processing to produce approximately 40,000 tonnes per annum of nickel and 3,000 tonnes per annum of cobalt as mixed hydroxide precipitate (MHP), along with capabilities for nickel-cobalt sulphates, sulphides, and hydroxides; the project emphasizes low-carbon operations powered up to 95% by renewables, scandium potential, and infrastructure including a mining agreement with the Ngaanyatjarra People, environmental approvals, water resources, and an airstrip. Recent developments include the Australian Government granting major project status to Wingellina in November 2024 to facilitate critical minerals supply chains, release of a pre-feasibility study in December 2022 confirming economic viability, a AU$1.1 million share placement in 2025 to advance project activities including infill drilling planning, issuance of securities for quotation in December 2025, and full-year earnings results reported in September 2025 alongside ongoing government and infrastructure partner engagements for power corridors and road upgrades.