NICO RESOURCES LIMITED — Director's Dealing 2022

Jul 4, 2022

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ASX ANNOUNCMENT

05 July 2022

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Amended Appendix 3Y -Change of Directors Notice

Nico Resources Limited (ACN 649 817 425) ( “Nico” or the “Company” ) advises the attached amended Appendix 3Y – Change of Directors Notice is to replace the Notice given on 16 June 2022 to show the total shares purchased and the total shares sold in the period as opposed to the net position of the share trading as presented on 16 June 2022. The overall net change of the Mr Rod Corps holding has not changed or been amended.

This announcement has been authorised for release by the Board.

CONTACTS

For more information, please visit our website www.nicoresources.com.au or contact:

Mr Rod Corps Managing Director Rod.Corps@nicoresources.com.au

Ms Amanda Burgess Company Secretary Amanda.Burgess@nicoresources.com.au

ABN 80 649 817 425 • • L6, 190 St Georges Tce Perth WA 6000 GPO Box 2517 Perth WA 6831 • +61 8 9481 0389 • info@nicoresources.com.au • www.nicoresources.com.au • ASX: NC1

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Nico Resources Limited

ABN 80 649 817 425

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Rod Corps
Date of last notice	12 May 2022

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

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Direct or indirect interest Direct
Nature of indirect interest N/A
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 12 May 2022
No. of securities held prior to change 11,739,439 Fully paid ordinary shares
937,500 Fully paid ordinary shares Escrowed
24 months until 19 January 2024
3,000,000 Unquoted $0.25 options expiring
29 July 2024 escrowed until 19 January 2024
Class Fully paid ordinary shares
Number acquired 2,063,792
Number disposed 2,032,860
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• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$125,968
No. of securities held after change	11,770,371 Fully paid ordinary shares 937,500 Fully paid ordinary shares Escrowed 24 months until 19 January 2024 3,000,000 Unquoted $0.25 options expiring 29 July 2024 escrowed until 19 January 2024
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Annexure A

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Type Volume Price Value
buy 20,000 1.02 $20,400
buy 260,000 0.98 $255,100
sell (200,000) 0.94 ($187,603)
buy 481,667 1.06 $509,810
sell (237,950) 1.04 ($248,007)
buy 6,239 0.94 $5,865
buy 50,000 1.03 $51,500
sell (200,000) 1.16 ($231,305)
buy 200,000 1.35 $270,000
sell (28,830) 1.42 ($40,885)
buy 289,952 1.34 $387,842
buy 476,071 1.42 $678,062
sell (56,568) 1.49 ($84,389)
sell (241,504) 1.41 ($341,050)
buy 155,752 1.43 $222,410
buy 61,595 1.30 $79,984
sell (618,007) 1.26 ($778,595)
sell (60,105) 1.18 ($71,186)
buy 62,516 1.19 $74,554
sell (149,896) 1.21 ($181,021)
sell (80,000) 1.12 ($89,514)
sell (120,000) 1.12 ($134,990)
sell (20,000) 1.04 ($20,812)
sell (20,000) 1.01 ($20,200)
30,932 $ 125,968
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