Conico Ltd · ASX:CNJ
Conico — Investor Presentation (October 2020)
31 slides from Conico's investor presentation, Oct 12, 2020
Slide 1: Corporate Presentation
For personal use only Corporate Presentation 12 October 2020
Slide 2: Cautionary Statement
Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS: 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 com
Slide 3: Greenland projects overview
G r e e n lan d ✓ 100% owned. 165km2 (have applied to For personal use only enlarge to 269km²) ✓ Historic Pb-Zn Mine (1949-1965), 545Kt RYBERG @ 9.9% Zn, 9.3% Pb ✓ 100% owned. 4,500km2 ✓ Sediment hosted Pb-Zn deposit with ✓ >2g/t Au surface rock chip assays 13km strike potential supported by in newl
Slide 4: Greenland: A World Class Opportunity
GREENLAND: For personal use only 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
Slide 5: Greenland 2020 Field Season Completed
GREENLA ND 2020 FIELD SEASON COMPLETED For personal use only 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:
Slide 6: Greenland New Discoveries
GREENLAND NEW DISCOVERIES For personal use only 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 tot
Slide 7: Greenland: Melting Ice and New Discoveries
GREENLAND MELTING ICE AND NEW DISCOVERIES For personal use only CONICO 7
Slide 8: Ryberg
For personal use only RYBERG CONICO 8
Slide 9: Ryberg Geology
RYBERG GEOLOGY Rift Valley Basin setting For personal use only • 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 leve
Slide 10: Ryberg Logistics
RYBERG LOGIS T ICS The Project area is in an area suitable for mining For personal use only 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
Slide 11: Ryberg Mineralisation - Magmatic Sulphides (Miki Prospect)
RYBERG MIN ERALIS AT ION - Magmatic S ulp hides (Miki Pr o sp ec t) For personal use only 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 ~20
Slide 12: Ryberg Work Conducted - Magmatic Sulphides
RYBERG WORK CON D UCT ED - Magmatic S ulp hides (Miki Pr o sp ec t) For personal use only 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
Slide 13: Ryberg Work Conducted 2020 - Magmatic Sulphides
RYBERG WORK CON D UCT ED 2020 - Magmatic S ulp hides (Miki Pr o sp ec t) For personal use only Geophysical Survey: Ground-borne ElectroMagnetic (EM) survey → 74 stations completed in locations coincident with the previously identified VTEM conductors → Interpretation awaited Rock Chips: Newly identi
Slide 14: Ryberg Mineralisation - Orogenic Gold (Sortekap)
RYBERG MIN ERALIS AT ION - Or o gen ic Go ld (S o r tekap Pr o sp ec t) For personal use only Mineralisation: Mineralisation is classified as orogenic style, quartz vein hosted. Surface rock-chip samples grade up to 2.7g/t. Minerals: Gold is associated with sulphides and is present as native gold an
Slide 15: Ryberg Work Conducted 2020 - Orogenic Gold
RYBERG WORK CON D UCT ED 2020 - Or o gen ic Go ld (S o r tekap Pr o sp ec t) For personal use only Geophysical Survey: Induced Polarisation (IP) survey over area of interest: → Interpretation awaited Rock Chips: Numerous samples of outcropping vein sampled and sent for geochemical analysis, results
Slide 16: Mestersvig
For personal use only MESTERSVIG CONICO 16
Slide 17: Mestersvig Logistics
For personal use only MES T ERS VIG LOGIS T ICS 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 wo
Slide 18: Mestersvig Historic Mine
MES T ERS VIG HIS T ORIC MIN E A total of 545,000 tons of ore @ 9.3% Pb and 9.9% Zn was produced between 1956 and 1962 For personal use only • 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-control
Slide 19: Mestersvig Geology
MES T ERS VIG GEOLOGY For personal use only 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 reg
Slide 20: Mestersvig Work Conducted 2020
For personal use only MESTERSVIG WORK CONDUCTED 2020 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 ali
Slide 21: Mestersvig Work Conducted 2020
MESTERSVIG WORK CONDUCTED 2020 Geophysical Survey: Ground-borne gravity survey: For personal use only → 2,344 stations completed at 50m spacing and 200m between lines → Interpretation awaited New mineralisation: Newly identified outcropping massive galena (lead sulphide) identified 8.6km southeast o
Slide 22: Mestersvig Proposed Activities
MESTERSVIG For personal use only 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: ✓ Drilling of gravity geophysical targets, and ✓ Further infill high re
Slide 23: Company Snapshot
COMPAN Y S N APS HOT For personal use only Thomas Abraham James, CEO (Elect) B.Sc. (Hons) FAusIMM (CP) FSEG, FGSL, MAICD → Founder of Longland with 16 years experience including 12 years in Greenland/Iceland → CEO elect → Lives in Europe BOARD: Greg H. Solomon (Chairman) Conico Ltd - Pro-Forma (Post
Slide 24: Proposed Consultants
PROPOSED CONSULTANTS Höskuldur Jónsson Logistics – Greenland For personal use only 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, plu
Slide 25: Greenland - Current Activity
GREENLAND - CURRENT ACTIVITY • World’s highest-grade ilmenite (titanium) project • GBP£83.4M market cap For personal use only • 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 strateg
Slide 26: Greenland Fiscal Terms
GREENLAND FISCAL TERMS ✓ 30% corporate tax ✓ Due to Covid-19 pandemic all For personal use only licences in Greenland have been ✓ Double taxation treaties with Iceland, given a year extension, and Denmark, Norway & Faroe Islands exemption from expenditure in 2020 ✓ 2.5% sales royalty ✓ Greenland tax
Slide 27: Mt Thirsty Cobalt Project Investment Case
For personal use only MT THIRSTY COBALT PROJECT INVESTMENT CASE: 11
Slide 28: Mt Thirsty Cobalt-Nickel Project
MT THIRSTY COBALT-NICKEL PROJECT Mt Thirsty Cobalt Project For personal use only ✓ 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 a
Slide 29: A Giant Opportunity
A GIANT OPPORTUNITY For personal use only ✓ 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
Slide 30: Conico Contacts
CON ICO CON T ACT S For personal use only Thomas Abraham-James Level 15, 197 St Georges Terrace CEO PERTH WA 6000 Australia tom@longlandresources.com Postal Address Guy Le Page Exec. Director PO Box 7055 Cloisters Square WA 6850 glepage@conico.com.au Australia +61-8-9282-5888 mailroom@conico
Slide 31: Competent Persons Statement
COMPET EN T PERS ON S S T AT EMEN T For personal use only 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