CONICO LTD — AGM Information 2012

Nov 27, 2012

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AGM Presentation
28 November 2012
by
Greg Solomon
Chairman
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Corporate Overview

Projects

Capital Structure

Mt Thirsty Co/Ni Project Fission- 50% JV interest with Barra

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Nickel Sulphide Discovery

• Thick favourable sequence of ultramafic rocks

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•
Adjacent to footwall basalt-ultramafic contact
•
Follow up RC drilling :
2m @ 5.9% Ni in hole 20
2m @ 3.5% Ni in hole 22
•
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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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 - 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- Vat Leach Preliminary Results

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100.00
90.00 Locked Cycle Bottle Roll Tests- Recoveries based on Head Assay
80.00 Cobalt recovery based on Head Assay
70.00 Sample was reacted for 24 hours,
the + 425 mesh fraction screened Mnganese recovery based on Head Assay
60.00 out, ground to pass 100 microns
and retuned to bottle roll test .
50.00
Co
Ni
40.00 Mn
Nickel recovery based on Head Assay
30.00
20.00
10.00
0.00
0 10 20 30 40 50 60
Axis Title
Axis Title
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Cambodian Project

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• e ons era on:
(a) 50 million Fission shares + US$200,000
(b) 0.50% Royalty (Cu, Au, Ag) and
(c) a further 85 million performance shares on
commercially viable JORC Resource.
•
The conditional on Fission shareholder approval.
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Cambodian Project

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Regional Geology
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Cambodian Project Dontret License (202 km[2] )

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•
Outcropping “skarn style” copper mineralisation
•
Up to 8.6% Cu, 1.31% Zn and 25.6 g/t Ag.
•
Artisanal shallow open cut mining -20 metres wide, averaging
1.66% Cu over 8.47 metres, striking for over 100 metres.
•
No modern exploration - open in all directions.
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Competent Person’s Statement

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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, Michael Glasson and
Guy Le Page consent to the inclusion in the presentation 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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