NICO Resources Limited announced Mr. Jonathan Shellabear has been appointed as CEO. Jonathan Shellabear has over 30 years' experience in the Australian and International mining industry having worked as a geologist, resource analyst, senior corporate executive and investment banker with NM Rothschild & Sons, Deutsche Bank and Resource Finance Corporation. He has extensive global relationships within the industry developed over his career and with extensive experience spanning across technical, commercial and financial disciplines.

Jonathan has held senior corporate roles in the industry with Dominion Mining Ltd. (Managing Director and Chief Executive Officer), Heron Resources Ltd. (Managing Director and Chief Executive Officer), Portman Limited (General Manager, Business Development) and more recently as Chief Financial Officer of Capricorn Metals Ltd. Mr. Shellabear holds a Bachelor of Science with Honours in Geology and a Master of Business Administration from the University of Western Australia. Commencement date is 3 April 2023. Mr. Rod Corps, currently Managing Director and CEO will step back to Non-Executive Director.