NICO RESOURCES LIMITED — Director's Dealing 2023

Jan 19, 2023

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	29 June 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 13 January 2023
No. of securities held prior to change 11,820,371 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
Class Fully paid ordinary shares
Number acquired Nil
Number disposed 2,500,000
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• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Non-cash (off market transfer financial settlement) $0.665 per share used as value estimated total value $1,662,500
No. of securities held after change	9,320,371 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	the off Market transfer was part of a financial settlement decreed as part of a family court settlement

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 Yes above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade Yes to proceed during this period? If prior written clearance was provided, on what date was this 11 January 2023 provided?

• See chapter 19 for defined terms.

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