CONICO LTD — AGM Information 2011

Oct 30, 2011

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AGM 2011
Presentation
by
Greg Solomon
Chairman
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Mt Thirsty Joint Venture

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Mt Thirsty Project Location

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Nickel Sulphide Discovery

• Thick favourable sequence of ultramafic rocks

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Adjacent to footwall basalt-ultramafic contact
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Follow up RC drilling :
2m @ 5.9% Ni in hole 20
2m @ 3.5% Ni in hole 22
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One deep diamond hole intersected thick
pegmatite intrusion cutting off Ni mineralisation
at depth
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Nickel Sulphide Discovery

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Hole MTDD028 drilled
2011 intersected thick
pegmatite intrusion in
interpreted Ni sulphide
position
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Mt Thirsty Nickel Sulphide Potential

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Interpreted location of untested n ci kel
prospective footwall contact (4km
strike) shown in yellow
Footwall contact tested by surface
EM survey and limited drilling
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Mt Thirsty Oxide Project

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, , . . .
Inferred 15,340,000 0.11 0.51 0.73
Total 31,940,000 0.13 0.55 0.86
Joint Ore Reserves Committee - Resource compiled in accordance with the guidelines defined in the
Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2004.
The total Indicated and Inferred Resource above contains
177,000 tonnes of nickel, 40,000 tonnes of cobalt and 274,000
tonnes of manganese.
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Mt Thirsty Oxide Resource

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Inferred
Resource
Indicated
E63/373 Resource
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Oxide Project - Geology

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Oxide Project - Versatile Products

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Carbonate Sulphide
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Oxide Project - Advantages

• Located in a developed country with low sovereign risk

• Located in a mining friendly state, skilled local labour force

• Large proportion of revenue from cobalt

• Good infrastructure – close to Norseman townsite, highway,

• Suitable water source available locally

• Favourable metallurgy - no autoclaves required for high

• Low rainfall area enables low cost tailings disposal and use

Oxide Project

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Negotiations continuing with Native Title holders towards
grant of Mining Lease
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Competent Person’s Statement

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to the style of mineralisation and type of deposit under
consideration and to the activity which they are undertaking to
qualify as Competent Persons as defined in the 2004 Edition of
the “Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves”. Robert Smith and Michael
Glasson consent to the inclusion in the report of the matters based
on their information in the form and context in which it appears.
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Disclaimer

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will therefore carry an element of risk.
It should not be assumed that the reported Exploration Results
will result, with further exploration, in the definition of a
Mineral Resource.
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