Slide 1: Corporate Presentation
Corporate Presentation August 2020 CONICO 1
Slide 2: Cautionary Statement
Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS: 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, product
Slide 3: Greenland
Greenland 100% owned. 165km2 Historic Pb-Zn Mine (1949-1965), 545Kt @ 9.9% Zn, 9.3% Pb RYBERG Sediment hosted Pb-Zn deposit with 13km 100% owned. 4,500km2 strike potential supported by previous >2g/t Au surface rock chip assays in drilling newly discovered greenstone belt 10km from Meste
Slide 4: Greenland: A World Class Opportunity
GREENLAND: A World Class Opportunity RYBERG RYBERG MESTERSVIG Cu-Ni-Co-PGE-Au Pb-Zn GOLD Newly discovered 50km strike 165km2 Greenstone Belt 2.2% Cu, 0.8% Produced 545K tons 2.7g/t Au at surface Ni,0.1% Co, 3.3g/t Pd @ 9.9% Pb 9.3% Zn Retreating ice caps 3 x shallow EM 13km of untested r
Slide 5: Greenland Field Season Under Way
GR EEN LA N D F I E L D S E A S O N U N D E R W AY RYBERG: Electromagnetic + IP Surveys (Sortekap: Au Miki Fjord: Ni-Cu-Co-PGE-Au) July-October 2020 MESTERSVIG: Pb-Zn: Gravity survey RYBERG: EM, Diamond drilling (Sortekap: Au Miki Fjord: Ni-Cu-Co-PGE-Au) May-October 2021 MESTERSVIG: Pb-Zn: Diamond d
Slide 6: New Discoveries
GR EEN LA N D NEW DISCOVERIES Mestersvig The Mestersvig Project is not located in an area of substantial ice presence Ice coverage around the Ryberg Project has been diminishing rapidly, leading to new discoveries such as the Sortekap gold prospect Ryberg This image shows total days of melt on
Slide 7: Melting Ice and New Discoveries
GR EEN LA N D MELTING ICE AND NEW DISCOVERIES CONICO 7
Slide 8: Ryberg
RYBERG CONICO 8
Slide 9: Ryberg Geology
RYBERG GEOLOGY Rift Valley Basin setting • Kangerlussuaq Basin, Cretaceous-Paleocene (1km exposed, total thickness unknown) • Overlain by plateau basalts, Palaeogene (up to 9km thick) • Underlain by gneiss/amphibolite, Archaean Sortekap Gold Project: Represents the erosion level between the basement
Slide 10: Ryberg Logistics
RYBERG LOGISTICS The Project area is in an area suitable for mining development on the SE Greenland coast-closest point to Iceland (430km). Deep-water fjord, ideal for a port Minimal helicopter support required: Traversable by foot/automobile from the fjord to Longland’s VTEM targets Airstrip
Slide 11: Ryberg Mineralisation
RYBERG MINERALISATION Mineralisation: Magmatic sulphides, surface samples grade up to: • 2.2% copper, 0.8% nickel, 0.1% cobalt, 3.3g/t palladium & 0.2g/t gold Sulphides: Disseminated interstitial blebs and rounded globules up to ~20cm in diameter including pyrrhotite, chalcopyrite and pentlandite, w
Slide 12: Ryberg Work Conducted
R YB ER G WOR K C ON D U C TED Geophysical Surveys: 695 line km ElectroMagnetic (VTEM) survey → 3 x conductors: Coincident with mafic dyke displaying blebby mineralisation at surface → Targets depths from 60m to 240m below surface Rock Chips: Over 400 surface rock chips sampled and analysed CONICO 1
Slide 13: Mestersvig
MESTERSVIG CONICO 13
Slide 14: Mestersvig Logistics
MESTERSVIG LOGISTICS Suitable for mining development on the east coast of Greenland, only 10km from the Mestersvig Air Base (Danish Military). Has an existing harbour Traversable by foot/automobile from the harbour to site Existing air field Existing underground workings CONICO 14
Slide 15: Mestersvig Historic Mine
MESTERSVIG HISTORIC MINE A total of 545,000 tons of ore @ 9.3% Pb and 9.9% Zn was produced between 1956 and 1962 • Today this would have a value of ~USD$185M Underground mining operation of sediment hosted Pb- Zn ore, the historic mine was named ‘Blyklippen’. Fault-controlled epithermal lead-zinc ve
Slide 16: Mestersvig Geology
MESTERSVIG GEOLOGY Local geology is dominated by Carboniferous, Permian and Triassic sediments intruded by Palaeogene dolerite sills and dykes Towards the south, the area is bordered by the Palaeogene Werner Bjerge alkaline complex, in the west, it is bordered by a major regional fault beyond which
Slide 17: Mestersvig Work Conducted
MESTER SVIG WORK CONDUCTED The licence was previously held by Ironbark Zinc Ltd and initially investigated by Nordisk Mineselskab A/S. 15 drill-holes at the Sortebjerg Prospect have identified mineralisation near identical to that at the Mestersvig historic mine, and is aligned along strike. The bes
Slide 18: Mestersvig Proposed Activities
MESTERSVIG PROPOSED ACTIVITIES This has the potential to be a very large mineralised system. The objective is to assess whether the mineralisation present at Sortebjerg joins that at Mestersvig. To do so: Licence-wide high resolution gravity survey to identify the location of lead-zinc Drillin
Slide 19: Company Snapshot
COMPANY SNAPSHOT Thomas Abraham James, Joint CEO (Elect) B.Sc. (Hons) FAusIMM (CP) FSEG, FGSL, MAICD → Founder of Longland with 16 years experience including 12 years in Greenland/Iceland → Joint CEO elect → Lives in Europe BOARD: Greg H. Solomon (Chairman) Guy T. Le Page (Non-Exec Director/Joint CE
Slide 20: Proposed Consultants
PROPOSED CONSULTANTS Höskuldur Jónsson Logistics – Greenland Höskuldur is an expedition leader, guide and logistics export educated at University College Birmingham. He has over 19 years’ experience operating in the Arctic, including Greenland, Iceland and Norway (mainland, plus Svalbard and Jan May
Slide 21: Greenland Current Activity
GREENLAND - CURRENT ACTIVITY • World’s highest-grade ilmenite (titanium) project • GBP£73M market cap • NW Greenland • The U.S. government proposed purchasing Greenland (2019) • Settled on installing a new U.S. consulate in Nuuk (capital of Greenland) • On the back of strategic location and natural
Slide 22: Greenland Fiscal Terms
GR EEN LA N D FISCAL TERMS 30% corporate tax Double taxation treaties with Iceland, Denmark, Norway & Faroe Islands 2.5% sales royalty Greenland tax is based on a net income principle, where the taxable income is calculated as a total net amount after deductions Can carry forward tax losse
Slide 23: Mt Thirsty Cobalt Project
MT THIRSTY COBALT PROJECT INVESTMENT CASE: 11
Slide 24: Mt Thirsty Cobalt-Nickel Project: Investment Case
MT THIRSTY COBALT-NICKEL PROJECT Mt Thirsty Cobalt Project 50:50 JV between Barra Resources Ltd and Conico Ltd. Located 16km NW of Norseman, WA. Close to local infrastructure. Contains the Mt Thirsty Cobalt-Nickel (Co-Ni) Oxide Deposit that has the potential to emerge as a significant cobalt
Slide 25: A Giant Opportunity
A GIANT OPPORTUNITY TARGETS: Mestersvig + Ryberg exposure to multi-commodity opportunities with large scale. RYBERG: A giant target Ni-Cu-Co-PGE-Au target over 50km strike with high-grade rock chips and drill ready geophysical targets. Newly discovered Greenstone Belt with high-grade gold values
Slide 26: Conico Contacts
CONICO CONTACTS Thomas Abraham-James Level 15, 197 St Georges Joint CEO Terrace PERTH WA 6000 tom@longlandresources.com Australia Guy Le Page Postal Address Non-Exec. Director & PO Box 7055 Joint CEO Cloisters Square WA 6850 glepage@conico.com.au Australia +61-8-9282-5888 mailroom@conico.com
Slide 27: Competent Persons Statement
COMPETENT PERSONS STATEMENT The information contained in this presentation relating to exploration results relates to information compiled or reviewed by Thomas Abraham- James, a full-time employee of Longland Resources Ltd. Mr. Abraham-James has a B.Sc. Hons (Geol) and is a Chartered Professional (