Business Summary

NICO Resources Limited is an Australia-based company. The Company is engaged in exploring, developing, evaluating, acquiring, and exploiting mineral resource project opportunities. The Central Musgrave Project (CMP) is located within Western Australia and South Australia adjacent to the Gunbarrel Highway immediately to the southwest of Surveyor Generals’ Corner, the junction between Western Australia, Northern Territory and South Australia. The Project consists of three exploration licenses covering Wingellina, Claude Hills and Mt Davies, an exploration license covering a calcrete deposit and three miscellaneous licenses covering infrastructure including the proposed water bore fields. The Wingellina and Claude Hills is located approximately 20 kilometer (km) east of Wingellina. It contains a Mineral Resource estimate of over 200 million tons of ore, containing approximately 1.95 million tons of nickel and 151,000 tons of cobalt along with an inventory of scandium and iron.