Australia's NICO resources jumps on nickel, cobalt finds in WA project

NICO Resources

05/10/2022 01:54

** Shares of Australia's NICO Resources Ltd  NC1.AX  rise as
much as 15.5% to A$0.595, marking their best intraday pct gain
since Aug 9 
    ** The mineral explorer announces Pre-Feasibility Study
(PFS) for Wingellina nickel-cobalt project, which spans across
Western and South Australia  urn:newsml:reuters.com:*:nASX6RSKMv
    ** Co says PFS confirms production of nickel and cobalt for
over 40 years based on ore reserves 
    ** NICO says Wingellina Project can become a globally
significant producer of nickel, cobalt and manganese to feed the
growing lithium-ion battery market
    ** Co hits highest since Sept 28
    ** NC1 stock up 43.1% since its ASX debut on Jan.19, as of
last close 
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))