CONICO LTD — Investor Presentation 2021

Oct 24, 2021

==> picture [672 x 112] intentionally omitted <==

Corporate Presentation 25 October 2021 The East Greenland Poly-Metallic Explorer

CONICO

1

Cautionary Statement

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS:

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”) operations; contain or comprise certain forward-looking statements regarding CNJ ’s exploration operations, economic performance and financial condition.

Although CNJ 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 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.

CONICO

2

==> picture [96 x 64] intentionally omitted <==

Greenland

RYBERG

• ✓ 100% owned. 4,521 km[2]

• ✓ Sortekap Prospect: >2g/t Au surface rock chip assays in newly discovered greenstone belt

• ✓ Drilled in 2021 – assays pending

• ✓ Miki Prospect: Surface samples incl. 0.8% Ni, 2.2% Cu, 0.1% Co, 3.3g/t Pd, 2.7g/t Au

• ✓ Drilled in 2021 – assays pending

• ✓ Cascata Prospect: VMS-style mineralisation and underlying layered mafic intrusion

• ✓ Drilled in 2021 – assays pending

==> picture [224 x 521] intentionally omitted <==

==> picture [96 x 77] intentionally omitted <==

==> picture [65 x 54] intentionally omitted <==

GREENLAND: A World Class Opportunity

• ✓ European jurisdiction , the interface between North America and Europe.

• ✓ Participates actively in Nordic co-operation, Arctic co-operation, the UN, the WTO, the EU and is a member of the Overseas Countries and Territories Association (OCTA).

• ✓ Pro-mining , except for radioactive elements (not present in Conico’s portfolio).

• ✓ Two new international airports being built : at the capital Nuuk, and in the southern capital Qaqartoq.

• ✓ High ESG standards.

• ✓ 25% corporate tax rate, 2.5% government royalty , no VAT (DKK 0.10 per litre on fuel) and can carry tax losses forward indefinitely.

• ✓ The world´s largest island, but with a population of only 56,000.

• ✓ Has attracted mining companies including Anglo American and IGO .

==> picture [342 x 58] intentionally omitted <==

CONICO 4

WHY CONICO?

Greenland is known for its mineral wealth and being under-explored, yet there are only two operating mines. Our approach is to make new discoveries by conducting methodical exploration activities over large tracts of land, looking for high-grade, high-tonnage deposits that are required in order to be viable in a remote location. We also focus on the east coast of Greenland due to favourable attributes, these being (1) it faces toward Europe, (2) its proximity to Iceland which provides options for green energy, (3) it is under-explored compared to the south and west coastlines, and (4) it is away from settlements and any mining activity will have minimal impact on society.

Our management team has a combined experience of over 25 years operating in Greenland, all of which is on the east coast. Their skills are in geology and operations, a strong inhouse team that does not need to reply on contractors to achieve objectives.

A TOP 5 LICENCE HOLDER

==> picture [1100 x 558] intentionally omitted <==

----- Start of picture text -----

12,000
Conico is the 4 [th]
10,000
largest licence
holder in Greenland,
8,000 with the Ryberg
and Mestersvig
Projects covering a
6,000
combined area of
.
5,968km [2]
4,000
2,000
-
Greenfields Anglo American Bluejay Mining Conico Ltd AEX Gold
Exploration Ltd
----- End of picture text -----

==> picture [342 x 58] intentionally omitted <==

CONICO 6

BOARD OF DIRECTORS

==> picture [266 x 502] intentionally omitted <==

Gregory Solomon Non-Exec. Chairman – Conico Ltd LLB

Has practised as a commercial/corporate lawyer for more than 40 years, is managing partner with Solomon Brothers Lawyers and executive director of Tasman Resources. Gregory has a broad range of experience including mining, technology, corporate, commercial, finance and property law.

Guy Le Page

Exec. Director – Conico Ltd BA, B.Sc., B. App.Sc. (Hons), MBA, M.Fin.Plan, GradDipAppFin, FFIN, MAusIMM

Guy is a geologist and corporate financier/advisor, having been in the industry for more than 25 years. He is a director of RM Capital and non-executive director of Tasman Resources. Guy is a practicing expert witness and has significant experience in mergers, acquisitions, IPOs, valuations and advisory roles.

Douglas Solomon

Non-Exec. Director – Conico Ltd B Juris, LLB (Hons)

Douglas is a commercial/litigation lawyer with more than 40 years, is a partner with Solomon Brothers Lawyers and nonexecutive director of Tasman Resources. He has a broad range of experience including finance, securities, environmental, construction, commercial litigation and contract law.

James Richardson

Non-Exec. Director – Conico Ltd

James is a corporate financier/advisor, having been in the industry for more than 25 years. He is a director of RM Capital and has significant experience in the development and implementation of financial instruments that encompass multiple sectors of the investment market.

==> picture [342 x 58] intentionally omitted <==

CONICO

7

STAFF

Thomas Abraham-James

==> picture [266 x 502] intentionally omitted <==

CEO – Longland Resources Ltd BSc (Hons), FAusIMM (CP Geo), FSEG, FGSL

Thomas has over 15 years’ experience in both corporate and technical capacities, educated at the Australian National University. He began his career with Rio Tinto (Argyle Diamonds) before switching to exploration and becoming exploration manager for Platina Resources Ltd. After two years in Tanzania working for a private company Thomas left employment and co-founded Helium One Global Ltd (LSE: HE1), and later founded Longland Resources Ltd that was since acquired by Conico in 2020..

Höskuldur Jónsson

Operations Manager - Longland Resources Ltd BA

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, plus Svalbard and Jan Mayen). He is a qualified skipper and first visited the Ryberg Project in 2008. Höskuldur has managed operations for the 2020 and 2021 Greenland field seasons.

Anthony Naves Spanakis

Senior Geologist – Longland Resources Ltd BSc

Anthony was educated at the University of Wollongong and is a Geologist with 5 years of professional experience in Greenfields mineral exploration, working across a wide range of commodities and deposit styles in Australia. With particular expertise in magmatic sulphides and Porphyry mineralisation, he has demonstrated exploration proficiency and success across a variety of commodities in East Greenland and was part of the Company´s 2021 field team.

==> picture [342 x 58] intentionally omitted <==

CONICO 8

COMPANY SNAPSHOT

	BOARD:	Gregory Solomon (Non-Exec. Chairman)
		Guy Le Page (Exec. Director)
		James Richardson (Non-Exec. Director)
		Douglas Solomon (Non-Exec. Director)
	COMPANY SECRETARY:	Aaron Gates
	TOP 10 SHAREHOLDERS:	BNP Paribas Nominees Pty Ltd 12.6%
		Tasman Resources Ltd	9.9%
		Douglas Solomon	3.9%
		Gregory Solomon	3.8%
		James Richardson	3.6%
		Thomas Abraham-James	3.3%		Cash	AUD$3.1M
		Cambrian Limited	3.3%		Share Price 52 week high	AUD$0.038 AUD$0.016
		Guy Le Page	2.9%		52 week low	AUD$0.103
		Flourish Super Pty Ltd	1.6%		Market Cap. Shares on Issue	AUD$38M 1,000,214,874
		D M Middleton Pty Ltd	1.5%		Options on Issue	1,000,000 @ $0.022 (exp. 21/9/23) 8,500,000 @ $0.04 (exp. 24/11/23)
		TOTAL	46.5%			2,300,000 @ $0.04	(exp. 15/1/24)
						60,496,307 @ $0.07 (exp. 20/1/24)
						10,000,000 @ $0.04 (exp. 30/9/24)
							CONICO	9

==> picture [65 x 54] intentionally omitted <==

RYBERG PROJECT

EAST GREENLAND

CONICO

8

Drill core from MIDD001 @ 118.3m depth

RYBERG: GEOLOGY

Rift Valley Basin setting

• Kangerlussuaq Basin, Cretaceous-Paleocene (1km exposed, total thickness unknown)

• Overlain by plateau basalts that have mostly been eroded, Palaeogene

• Underlain by gneiss/amphibolite, Archaean

: Project Setting Represents the erosion level between the basement rocks and overlying sedimentary-volcanic sequence.

: Triple Junction epicentre (associated with opening of the North Atlantic) and a failed rift.

Mantle Plume: Within the migration path of what is now the Icelandic Mantle Plume.

: Multiple Intrusions Dykes and sills that intrude the Kangerlussuaq Basin, resulting in sulphide saturation and segregation.

==> picture [738 x 596] intentionally omitted <==

==> picture [342 x 58] intentionally omitted <==

CONICO

11

RYBERG: GEOPHYSICS

Survey Type: Helicopter magnetic and radiometric.

==> picture [528 x 372] intentionally omitted <==

The NRG Xplorer survey helicopter leaving the accommodation vessel in 2021.

Contractor: New Resolution Geophysics (NRG), South Africa.

: System Xplorer single sensor magnetometer stinger and real-time gamma-ray spectrometer.

Survey Specifications: 200m east-west line spacing (100m at the Miki and Sortekap Prospects) with 1,000m north-south tie lines. Average sensor height of 20-25m.

: Survey size Regional, with a total of 24,215 line km flown.

: Dall deliverables have been received Interpretation from NRG, and the data is now being interpreted by an independent geophysicist.

==> picture [342 x 58] intentionally omitted <==

CONICO 12

RYBERG: MIKI PROSPECT

Mineralisation Style: Magmatic sulphide (Cu-Ni-Co-Pd-Au)

2021 Drill Programme: The first time Miki has been drilled, targeting electromagnetic (EM) conductors. A total of 8 drill-holes were completed, for a combined 2,021m drilled.

2021 Results: Assays due November 2021.

2021 geophysics: Flown with 100m line-spaced magnetics and radiometrics.

Previous Work: Surface samples grading up to 2.2% copper, 0.8% nickel, 0.1% cobalt, 3.3g/t palladium & 0.2g/t gold. VTEM+ survey and ground EM surveys.

Sulphides: Disseminated interstitial blebs and rounded globules up to ~20cm in diameter including pyrrhotite, chalcopyrite and pentlandite, with palladium and gold minerals.

==> picture [662 x 394] intentionally omitted <==

Drilling at the Miki Prospect in 2021.

==> picture [342 x 58] intentionally omitted <==

CONICO

13

RYBERG: SORTEKAP PROSPECT

==> picture [620 x 297] intentionally omitted <==

==> picture [625 x 299] intentionally omitted <==

Mineralisation Style: Orogenic gold.

2021 Drill Programme: The first time Sortekap has been drilled, targeting induced polarisation (IP) conductors. A total of 3 drill-holes were completed, for a combined 847m drilled.

2021 Results: Assays due November 2021.

2021 geophysics: Flown with 100m line-spaced magnetics and radiometrics.

Previous Work: Surface samples grading up to 2.7g/t gold. IP geophysical survey.

Mineralisation: Gold mineralisation is present as free gold, or gold-rich electrum (gold-silver alloy) hosted in quartz veins and associated with disseminated sulphides.

==> picture [342 x 58] intentionally omitted <==

CONICO 14

RYBERG: CASCATA PROSPECT

Mineralisation Style: Volcanic-Sedimentary Hosted Massive Sulphide (VHMS).

2021 Drill Programme: The first time Cascata has been drilled, targeting stratigraphically-hosted sulphide mineralisation observed at surface. A total of 2 drill-holes were completed, for a combined 591m drilled.

2021 Results: Assays due November 2021.

Previous Work: No previous work has occurred; this is a new discovery made by Company personnel in 2021.

Sulphides: Massive sulphides observed at surface and in drill-core. Further analysis is required to determine the type of sulphides present.

Layered Mafic Intrusion (LMI): Beneath the VHMS package is a large gabbro intrusion containing layering that is deemed prospective for magmatic sulphide mineralisation. Assessment of the intrusion’s potential is ongoing.

==> picture [342 x 58] intentionally omitted <==

==> picture [651 x 449] intentionally omitted <==

Looking east toward the Cascata Prospect.

CONICO

15

RYBERG: PROPOSED 2022 ACTIVITIES

The results from the 2021 field season are awaited, however it is anticipated that positive assays will be followed up with additional drilling. The regional magnetic-radiometric survey is also anticipated to generate additional targets warranting drilling.

• ✓ Fuel has been left on site, allowing for an early start in 2022.

• ✓ 3 x drill rigs have been left on site.

• ✓ Options for commencing in April are actively being investigated. This is known to be possible from previous year’s experience.

==> picture [507 x 338] intentionally omitted <==

Charter helicopter on site in 2021.

==> picture [342 x 58] intentionally omitted <==

CONICO 16

RYBERG: LOGISTICS

==> picture [567 x 379] intentionally omitted <==

Charter accommodation vessel and supply ship moored in Jacobsen Fjord in 2021.

The Project area is in an area suitable for mining development on the east Greenland coast, the closest point to Iceland (365km).

• ✓ Deep-water fjord , ideal for a port.

• ✓ Airstrip can be extended to accommodate larger aircraft (Dash-8).

• ✓ Site : Adjacent to large flat-lying valley with abundant aggregate material – ideal for a production facility.

• ✓ Fresh Water : available in numerous lakes and rivers

• ✓ Not in a National Park or culturally sensitive area

• ✓ Not close to a settlement

A vessel was used for accommodation for the 2021 field season, anchored within a 15min commute to Ryberg and Cascata.

==> picture [342 x 58] intentionally omitted <==

CONICO

17

==> picture [65 x 54] intentionally omitted <==

MESTERSVIG

CONICO 13

MESTERSVIG: HISTORIC MINE

Historic Mining: the mine was called ‘Blyklippen’ (lead rocks in English) and produced a total of 545,000 tonnes of ore @ 9.3% Pb and 9.9% Zn between 1956 and 1962.

The mined-out sulphide lens was 2-10m thick, 300m long and 160 m high. Mining was by open-cut and underground by cut-and-fill method.

The ore was crushed underground and processed via flotation, with recoveries of 95% for lead and 92% zinc. All processing equipment remains stored underground.

The mine was open for 10 months a year , between February and November.

Mineralisation Style: Sediment hosted, fault-controlled epithermal lead-zinc veins, consisting of 65% quartz, 15% sphalerite, 10% galena, 5-10% baryte with trace amounts of pyrite, chalcopyrite and tetrahedrite.

==> picture [395 x 528] intentionally omitted <==

Flotation plant, located underground.

==> picture [342 x 58] intentionally omitted <==

CONICO

19

MESTERSVIG: GEOLOGY

==> picture [440 x 584] intentionally omitted <==

Local Geology: 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 Complex, in the west, it is bordered by a major regional fault beyond which is the Caledonian fold belt.

Mineralisation Styles:

• ✓ Vein-hosted lead-zinc-silver-copper sulphides , observed at Blyklippen, Nuldal and Sortebjerg.

• ✓ Strata-bound lead-zinc-copper-barium sulphides , hosted in conglomerate/carbonate lithologies in the Upper Permian. Observed at Oksedal and Holbergpasset.

• ✓ Sediment-hosted copper sulphides , reduced-facies copper occurrences within black shales within the Upper Permian.

• ✓ Base metal sulphides and REE , within the Werner Bjerge Complex.

==> picture [342 x 58] intentionally omitted <==

CONICO 20

MESTERSVIG: WORK CONDUCTED

In 2020 the Company successfully conducted a ground-borne gravity survey to identify the location of veins carrying base metal sulphides that are obscured from surface.

Surface sampling and mapping in 2020 identified mineralisation . at Nuldal grading up to 69.5% lead, 0.91% copper and 282g/t silver

15 historic drill-holes at the Sortebjerg Prospect identified mineralisation near identical to that at Blyklippen, and is aligned along strike. The best drill intersect being 5.17m @ 18.55% Zn+Pb . from 40.0m drilled depth

All historic drill-core from the time of mining is available on site.

The Werner Bjerge Complex is covered by high-resolution . electromagnetic (EM) data that is in the Company’s possession

==> picture [342 x 58] intentionally omitted <==

==> picture [443 x 296] intentionally omitted <==

Historic drill core stored on site.

==> picture [448 x 280] intentionally omitted <==

Zinc mineralisation at Sortebjerg.

CONICO

21

MESTERSVIG: PROPOSED 2022 ACTIVITIES

==> picture [65 x 54] intentionally omitted <==

==> picture [151 x 167] intentionally omitted <==

==> picture [141 x 140] intentionally omitted <==

Three dimensional map of the Mestersvig area.

This has the potential to be a very large mineralised system. The objectives are to assess:

• ✓ Whether the mineralisation at Sortebjerg joins that at Blyklippen ( therefore a strike length of 13km ).

• ✓ Whether the mineralisation at Nuldal is continuous and represents a system parallel to Blyklippen.

• ✓ Whether the strata-bound mineralisation is laterally continuous.

To accomplish these objectives, the proposed activities are:

• ✓ Import drill rig(s) for testing of the targets.

• ✓ Further interpret existing geophysics. ✓ Create a 3D model to assist drill targeting.

==> picture [342 x 58] intentionally omitted <==

CONICO 22

MESTERSVIG: LOGISTICS

Suitable for mining development on the east coast of Greenland, only 10km from the Mestersvig Air Base.

✓ Has an existing harbour

• ✓ Traversable by foot/automobile from the harbour to key prospects

• ✓ Existing air field

• ✓ Existing underground workings

• ✓ 300 barrels of fuel imported to site in 2021

==> picture [600 x 402] intentionally omitted <==

Activity at the Mestersvig Military Base.

==> picture [342 x 58] intentionally omitted <==

CONICO

23

A GIANT OPPORTUNITY

• ✓ TARGETS : Ryberg + Mestersvig give exposure to multi-commodity opportunities with large scale.

• ✓ RYBERG :

• ✓ Three prospects were drilled for the first time in 2021.

• ✓ Assays due in November 2021.

• ✓ Fuel and drill rigs are on site, ready for an early start in 2022.

✓ MESTERSVIG :

• ✓ 13km of untested structure along strike from former high-grade Pb-Zn mine.

• ✓ Multiple prospects ready to drill.

• ✓ Fuel on site, ready for an early start in 2022.

• ✓ PEOPLE : Management + consultants with significant Greenland Experience.

• ✓ LOGISTICS : Easy access from Iceland.

==> picture [433 x 434] intentionally omitted <==

• ✓ TIGHT CAPITAL STRUCTURE : Top 20 hold 56.7% of issued capital.

==> picture [342 x 58] intentionally omitted <==

CONICO

24

CONICO CONTACTS

==> picture [63 x 55] intentionally omitted <==

Level 15, 197 St Georges Terrace PERTH WA 6000 Australia

==> picture [38 x 60] intentionally omitted <==

Thomas Abraham-James CEO Longland Resources tom@longlandresources.com

==> picture [60 x 43] intentionally omitted <==

==> picture [58 x 44] intentionally omitted <==

==> picture [66 x 60] intentionally omitted <==

Postal Address PO Box 7055 Cloisters Square WA 6850 Australia

+61-8-9282-5888

+61-8-9282-5899

==> picture [38 x 60] intentionally omitted <==

==> picture [57 x 129] intentionally omitted <==

Guy Le Page Exec. Director Conico glepage@conico.com.au mailroom@conico.com.au www.conico.com.au

==> picture [342 x 58] intentionally omitted <==

CONICO

25

COMPETENT PERSONS STATEMENT

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 is a Chartered Professional (CPGeo) and Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr. Abraham-James has sufficient experience of relevance to the styles of mineralisation and the types of deposit under consideration, and to the activities undertaken to qualify as a Competent Person as defined in the 2012 edition of the Joint Ore Reserve Committee (JORC) “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Abraham-James consents to the inclusion in this presentation of the matters based on information in the form and context in which it appears.

==> picture [342 x 58] intentionally omitted <==

CONICO 26