Conico Ltd · ASX:CNJ
Conico — Shareholder Meeting (November 2019)
12 slides from Conico's shareholder meeting presentation, Nov 21, 2019
Slide 1: Mt Thirsty Cobalt Project AGM Presentation
For personal use only MT THIRSTY COBALT PROJECT AGM Presentation By Guy Le Page, Director Conico Ltd (ASX: CNJ) November 2019
Slide 2: Disclaimer
DISCLAIMER For personal use only Certain statements made during or in connection with this communication, including, without limitation, those concerning the economic outlook for the exploration industry, expectations regarding commodity prices, production, cash costs and other operating results, gr
Slide 3: Mt Thirsty Cobalt Project
MT THIRSTY COBALT PROJECT For personal use only The Mt Thirsty Cobalt Project is a 50:50 JV between Barra Resources Ltd and Conico Ltd (ASX:CNJ). Located only 16km NW of Norseman, WA. close to local infrastructure. The Project contains the Mt Thirsty Cobalt- Nickel (Co-Ni) Oxide Deposit that has the
Slide 4: Strong Market Fundamentals
Strong Market Fundamentals For personal use only Demand for cobalt driven by: Supply of cobalt: Surge in Lithium-ion battery usage – renewable Primarily a by-product of nickel and copper mining energy Dominated by Democratic Republic of Congo (DRC) – Electronics, air-craft engines, healt
Slide 5: Strong Market Fundamentals contd.
Strong Market Fundamentals contd. CHINESE ELECTRIC VEHICLE SALES For personal use only Cobalt prices at historical low in real terms Nickel warehouse levels have fallen 75% 1 US Geological Survey; escalated by US CP
Slide 6: Mt Thirsty Mineral Resource Upgrade
Mt Thirsty Cobalt Project For personal use only MT THIRSTY MINERAL RESOURCE UPGRADE Indicated Mineral Resource now represents 85% of total Mineral Resource* Indicated classification eligible for a JORC 2012 Ore Reserve estimate at the completion of a successful PFS Cobalt grade is double that
Slide 7: Mt Thirsty Mineral Resource Upgrade
Mt Thirsty Cobalt Project For personal use only MT THIRSTY MINERAL RESOURCE UPGRADE Indicated Mineral Resource now represents 85% of total Mineral Resource* Indicated classification eligible for a JORC 2012 Ore Reserve estimate at the completion of a successful PFS Cobalt grade is double that
Slide 8: Mt Thirsty Atmospheric Leaching
Mt Thirsty Cobalt Project For personal use only MT THIRSTY ATMOSPHERIC LEACHING Extractions achieved using dilute SO2 without adding expensive acid 55 remarkably consistent leaches, give confidence in the process Low capex flowsheet (A$212M)* Results demonstrated at the semi-continuous bulk
Slide 9: Product Value Chain
Mt Thirsty Cobalt Project For personal use only PRODUCT VALUE CHAIN Mixed sulphide product (MSP) selected Suitable for metal chemical and battery markets Product of strategic interest to many multi nationals
Slide 10: Mt Thirsty Prefeasibility Study
Mt Thirsty Cobalt Project For personal use only MT THIRSTY PREFEASIBILITY STUDY Conico loan and Barra funding in place 3rd and final phase of the PFS at full pace • Mine planning • Tailings design • PFS level engineering; and • Ore Reserve reporting PFS publication planned in Q1 to align with
Slide 11: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that relates to Exploration Results for the Mt Thirsty Cobalt-Nickel Project is based on and fairly represents information compiled by Michael J Glasson, a Competent Person who is a member of the Australian Institute of
Slide 12: Contact
Contact Conico Ltd For personal use only Phone: (+61 8) 9282 5889 Facsimile: (+61 8) 9282 5866 Email: mailroom@conico.com.au Website: www.conico.com.au