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NC1 - NICO Resources

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NICO Resources Limited 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 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 (CMP) 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.

It is anticipated that NC1 will list on the ASX during January 2022.

 

Dona Ferentes

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Listing date11 January 2022 ; 12:30 PM AEDT ##
Company contact detailshttps://www.nicoresources.com.au/
Ph: +61 8 9481 0389
Principal ActivitiesMining Exploration
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeNC1
Capital to be Raised$12,000,000
Expected offer close date17 December 2021
UnderwriterNot underwritten. Blue Ocean Equities Pty Ltd & Marketech Online Pty Ltd (Joint Lead Managers)
 
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Starts trading at noon Sydney, 9am Perth.
Current match price 0.41, up 105% on the IPO 0.20.
Could be interesting.
 

Dona Ferentes

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Starts trading at noon Sydney, 9am Perth.
Current match price 0.41, up 105% on the IPO 0.20.
It made it to market. Ignore the % gain number.
Screenshot_20220120-080945~2.png
 
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