CONICO LTD — Investor Presentation 2019

Nov 20, 2019

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MT THIRSTY COBALT PROJECT

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DISCLAIMER

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, production, cash costs and other operating results, growth prospects and the outlook of Conico Ltd (“CNJ”) & Barra Resources Ltd (“ BAR” ) operations; contain or comprise certain forward-looking statements regarding CNJ & BAR’s exploration operations, economic performance and financial condition.

Although CNJ & BAR’s believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct.

Accordingly, results or outcomes could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in commodity prices and exchange rates and business and operational risk management. CNJ & BAR undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events.

MT THIRSTY COBALT PROJECT

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Strong Market Fundamentals

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contd. Strong Market Fundamentals

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Mt Thirsty Cobalt Project

	Dry Tonnes (Mdt)	Cobalt (%)	Nickel (%)
Mt Thirsty Indicated	22.8	0.121	0.53
Mt Thirsty Inferred	2.5	0.103	0.45
Mt Thirsty Sub Total	25.4	0.119	0.52
Mt Thirsty North (Inferred)	1.5	0.092	0.55
Mt Thirsty Total	26.9	0.117	0.52

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Mt Thirsty Cobalt Project

	Dry Tonnes (Mdt)	Cobalt (%)	Nickel (%)
Mt Thirsty Indicated	22.8	0.121	0.53
Mt Thirsty Inferred	2.5	0.103	0.45
Mt Thirsty Sub Total	25.4	0.119	0.52
Mt Thirsty North (Inferred)	1.5	0.092	0.55
Mt Thirsty Total	26.9	0.117	0.52

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Mt Thirsty Cobalt Project

Master Composite Leach Extractions Co extraction (%) Ni extraction (%) 2018 PFS[1 ] 84 31 2017 Scoping Study[2 ] 79 26

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Mt Thirsty Cobalt Project

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Mt Thirsty Cobalt Project

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Competent Persons Statement

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Contact

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