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CONICO LTD Capital/Financing Update 2024

Jun 3, 2024

64678_rns_2024-06-03_43c09edd-0bfc-40ea-9afb-6501ae019281.pdf

Capital/Financing Update

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ASX Announcement

4 June 2024

Extension of Pro-Rata Non-Renounceable Rights Offer

Conico Ltd ( Conico ) advise that they have resolved to extend the closing date for the current Pro-Rata Non-Renounceable Rights Offer ( Rights Offer ) by 4 business days until 5pm AWST on Friday 14[th] of June 2024. The extension remains subject to the directors’ right to change the dates and / or close the Rights Offer early.

The revised timetable for the Rights Offer is now as follows:

Last day to extend the Closing Date of the Offer	11-June-24
Offer closes	11-June-24
If agreed by ASX, Securities quoted on a deferred settlement basis	17-June-24
Announcement of results of Rights Issue, Issue Date and Appendix 2A	21-June-24
lodged with ASX (end of any deferred settlement trading) and dispatch of
holding statements

The reason for this further extension is that Conico and its Joint Venture partner in the Mt Thirsty Cobalt-Nickel Joint Venture (CNJ 50%; GSR 50%) are still in the process of finalising the wording of an announcement in respect of the Scoping Study that was completed in H2 2023. For some time, the Joint Venture has been in discussions with the ASX and ASIC on the details of the draft Scoping Study announcement. The Joint Venture partners are hopeful that the outstanding issue will be resolved shortly, at which time an announcement will be made on the Scoping Study.

Conico is of the opinion that all Conico shareholders should be provided with an opportunity to consider the outcome of Scoping Study prior deciding whether or not to take up their respective entitlements under the Rights Offer.

Guy Le Page is a director of Conico and authorised the release of this announcement. For any queries regarding this announcement please contact Guy Le Page on +618 6380-9200.

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