Key Highlights

  • Nico Resources shares touched a 52-week low during the session on Monday 9 November 2026 and closed at $0.085, down 8.60%.
  • The Wingellina project has an initial reserve of 1.56 million tonnes of contained nickel, according to the company's pre-feasibility study.
  • Cash at bank at 30 September 2026 was $4.318 million.

Nico Resources Ltd (ASX:NC1) touched a 52-week low during the Trading session on Monday, 9 November 2026, and closed at $0.085, down 8.60%. Nico is developing the Wingellina nickel-cobalt project in Western Australia, an oxide-type deposit.

Latest Development: September Quarter Summary, 28 October 2026

Nico released its quarterly summary for the quarter ended 30 September 2026 on 28 October 2026. The company described Wingellina as an oxide-type nickel-cobalt deposit with an initial reserve of 1.56 million tonnes of contained nickel.

The project's pre-feasibility study, completed in December 2022, outlined production of about 40,000 tonnes of nickel and 3,000 tonnes of cobalt annually in mixed hydroxide precipitate for at least 42 years.

At quarter end, Nico reported cash at bank of $4.318 million and an Enterprise value of $8.13 million, against a Market Capitalisation of $12.45 million at the time of the report.

About the Company

Nico is a nickel-cobalt developer focused on the Wingellina project. The company's board includes a non-executive chairman and a managing director and chief executive.

Sector Context

Nickel and cobalt markets are influenced by battery Demand and by Indonesian supply. Oxide projects can face long development timelines and capital cost pressures.

Risks and What to Watch Ahead

The project's Economics depend on updated study work, capital funding and Commodity prices. The available cash balance is modest against development requirements.

Watch items include progress on a feasibility study, funding plans and the next quarterly report.

Final Word

Nico's September quarter summary restates the Wingellina project's reserve and pre-feasibility economics, with modest cash at quarter end and development still to be funded.