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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.

NiCo Resources Limited - Nico Resources

www.nicoresources.com.au www.nicoresources.com.au
 
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)
 
Starts trading at noon Sydney, 9am Perth.
Current match price 0.41, up 105% on the IPO 0.20.
Could be interesting.
 
Tropico said:
Starts trading at noon Sydney, 9am Perth.
Current match price 0.41, up 105% on the IPO 0.20.
Click to expand...
It made it to market. Ignore the % gain number.
Screenshot_20220120-080945~2.png
 
Another little top up by Director Rod Corps getting excited about the company up 25% today and in a nice bull run currently
 
And whooska today really was a home run!!!
 

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TechnoCap said:
And whooska today really was a home run!!!
Click to expand...
based on .............. an Investor Presentation?

1. Approvals – Mining and infrastructure agreement signed. EPA approval granted
2. Globally significant Nickel and Cobalt Resource in tier 1 mining jurisdiction with over over 1.5MT of contained Ni in RESERVES alone
3. Mining – Free dig, very low strip ratio, mining costs less than 5% of operating costs
4. Simple Metallurgy perfectly suited to produce products for any markets - Stainless, Energy and Chemical
5. Power – Gas availability confirmed, renewables alternatives to be explored Project water source confirmed - 40+ years supply
6. Nationally recognised Australian Critical Minerals Project Status (Cobalt)
 
Dona Ferentes said:
based on .............. an Investor Presentation?

1. Approvals – Mining and infrastructure agreement signed. EPA approval granted
2. Globally significant Nickel and Cobalt Resource in tier 1 mining jurisdiction with over over 1.5MT of contained Ni in RESERVES alone
3. Mining – Free dig, very low strip ratio, mining costs less than 5% of operating costs
4. Simple Metallurgy perfectly suited to produce products for any markets - Stainless, Energy and Chemical
5. Power – Gas availability confirmed, renewables alternatives to be explored Project water source confirmed - 40+ years supply
6. Nationally recognised Australian Critical Minerals Project Status (Cobalt
Click to expand...

Not sure but I’m happy to repeat the same performance tomorrow but I know it’s not how to play the game or how it actually works
 
Nico Resources up almost 12% today with the nickel price moving north after bottoming out last week. NC1 could see some further gains in the short term if the nickel price continues to rally from here.
 
Following PFS announcement market moved little until the following day some 20%.
I wonder with such a small working capital the company has to go for CR. So if the prices are kept at high before CR, then the issue price would be looking very attractive.
DNH.
 
up 25% to 90c.

PFS confirms Wingellina as a Tier 1 project capable of supplying decades of Nickel and Cobalt.

Highlights
• PFS confirms Wingellina to be a globally significant Tier 1 asset, characterised by its long life (initially 42 years based on current reserves), low cost (1st – 2nd quartile on global cost curve) and high operating margins (~50% to 60% EBITDA margin).
• Multi-generational Project with the potential to be one of Australia’s largest nickel-cobalt mines with a production of approximately 40,000tpa of contained nickel and 3,000tpa of contained cobalt based on current ore reserves.
• Market leading 95.3% renewable energy (wind turbines, solar PV farm and battery storage) providing majority of the power requirements. Proposal received from leading Independent Power Producer, Zenith Energy.
 
Dona Ferentes said:
up 25% to 90c.

PFS confirms Wingellina as a Tier 1 project capable of supplying decades of Nickel and Cobalt.

Highlights
• PFS confirms Wingellina to be a globally significant Tier 1 asset, characterised by its long life (initially 42 years based on current reserves), low cost (1st – 2nd quartile on global cost curve) and high operating margins (~50% to 60% EBITDA margin).
• Multi-generational Project with the potential to be one of Australia’s largest nickel-cobalt mines with a production of approximately 40,000tpa of contained nickel and 3,000tpa of contained cobalt based on current ore reserves.
• Market leading 95.3% renewable energy (wind turbines, solar PV farm and battery storage) providing majority of the power requirements. Proposal received from leading Independent Power Producer, Zenith Energy.
Click to expand...
...Down to 64.5c

Just like Hawsons and Sunrise Energy I don't think there is enough capital out there to develop the project ($3 billion AUD) and I wouldn't exactly trust a junior explorers cost estimate on a multi-billion-dollar project at the PFS level. Even $500 m in contingency can get wiped out pretty quickly (but it's a fair number). And all that effort for 18% IRR? Na. No thanks. This is not a new discovery, doesn't matter how many times a company changes its name (cough, cough, two above...) If a big player wanted it... They'd of had it by now... and something like this really can only be developed by a big player which doesn't need to worry about running out of capital.

1672309360922.png
 
The Triangle said:
...Down to 64.5c

Just like Hawsons and Sunrise Energy I don't think there is enough capital out there to develop the project ($3 billion AUD) and I wouldn't exactly trust a junior explorers cost estimate on a multi-billion-dollar project at the PFS level. Even $500 m in contingency can get wiped out pretty quickly (but it's a fair number). And all that effort for 18% IRR? Na. No thanks. This is not a new discovery, doesn't matter how many times a company changes its name (cough, cough, two above...) If a big player wanted it... They'd of had it by now... and something like this really can only be developed by a big player which doesn't need to worry about running out of capital.

View attachment 151023
Click to expand...
Look at the working capital. It's almost certain based on PFS, there will be a CR. DNH.
The company will look forward for a buyer probably at the finish line of FS in next 12 months. Has the board got enough capability to complete a Ni project of $1 billion?

It's not an iron ore but a high process intensive plant.

For the IPO holders still current price is 3 times than they paid.
 
I have been following NC1 for a while closely.
The price it rose to did not attract my attention and that too share purchase deals with previous MD.
But the new Chairman has put his money and has credential. So I am hopeful.
Only concern is the reduction of holding by MLX.
The challenge is also low volume of sales does not offer much fluctuation
DNH but looking to tip for May
@Garpal Gumnut - change my mind from CVN to NC1


This was the sensational ASX please explain. With the new CEO and Chairman, the company is to look better IMO

 
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