Share Placement

Nico Resources Limited (“ Nico ” or the “ Company completion of a heavily oversubscribed capital professional and i nstitutional investors to raise $ 3. 7 million fully paid ordinary shares at a price of $0.30 Proceeds from the Placement will be applied to: -advancing exploration and development of the Wingellina Project including the commencement of an infill drilling program; and; -working capit