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NICO Resources Limited ( (AU:NC1) ) just unveiled an update.
Nico Resources’ December quarter update details steady technical progress at its Wingellina nickel-cobalt project despite previously weak market conditions, with recent rallies in nickel and cobalt prices supported by Indonesian policy moves to tighten supply. The company advanced planning and approvals for an infill drilling program, upgraded its exploration camp to maintain HSE standards, continued reviewing extensive metallurgical testwork, and assessed platinum group metals potential across its tenure, while working with ERM on Phase 2 of a geometallurgical model aimed at converting more resources to Measured status and de-risking the long-life project through improved mine planning and processing insight.
The most recent analyst rating on (AU:NC1) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on NICO Resources Limited stock, see the AU:NC1 Stock Forecast page.
More about NICO Resources Limited
Nico Resources Limited is an Australian mining company focused on developing the Wingellina nickel-cobalt project in Western Australia, a large oxide-type deposit targeting production of mixed hydroxide precipitate for the global battery and metals markets. A pre-feasibility study completed in 2022 confirmed Wingellina as a long-life, low-cost Tier 1 asset with significant contained nickel and cobalt reserves, positioning the company to benefit from demand in energy transition and battery supply chains.
Average Trading Volume: 360,742
Technical Sentiment Signal: Buy
Current Market Cap: A$41.04M
See more insights into NC1 stock on TipRanks’ Stock Analysis page.