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Diggers + Dealers Presentation Callisto discovery fires up M Thirsty

+ Greenland exploration kicks into gear

2 August 2022

CONICO 1

Cautionary Statement

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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.

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CONICO

Mt Thirsty Co-Ni-PGE

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Mt Thirsty: PGE-Ni-Cu-Au

MTJV controls 1,800m of prospective strike 200m south of Callisto discovery (ASX:GAL) which remains untested

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Major PGE discovery by adjoining landholder Galileo (ASX:GAL)[1]

Galileo recently completed several RC drillholes at Calisto targeting ultramafic / sedimentary contact
▪ Mineralisation appears to be analogous to Platreef deposits which are inherently large by nature
▪ Significant intercepts from the discovery hole NRC266 drilled by Galileo on their tenure, include: ▪ 33m @ 2.00g/t 3E (1.64g/t Pd, 0.28g/t Pt, 0.09g/t Au), 0.32% Cu & 0.30% Ni from 144m

Continuity of mineralisation supported by lithology & geophysics

Galileo’s Calisto discovery only 200 metres from northern tenement boundary held by the MTJV
Continuity of the prospective mineralised horizon onto MTJV tenure supported by lithology & geophysics
▪ Prospective mineralised horizon remains untested with a further 1.8km extending onto MTJV tenure

Drilling on MTJV Licences Scheduled to Begin this Week

All necessary permits and approvals have been received to drill, including recent Heritage survey
▪ Site works, access tracks and drill pad preparation currently underway
Multi-purpose diamond and reverse circulation drill rig to be mobilised later this week

ASX:GAL 11/05/2022 2. ASX:CNJ 16/05/2022

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Mt Thirsty: PGE-Ni-Cu-Au

Leading team of technical experts appointed to support the geological review and target generation process

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Geological Review & Target Generation

Previous focus at Mt Thirsty historically limited to the top 100 metres principally near surface oxide
▪ Only 3.5% of all holes drilled at Mt Thirsty have penetrated deeper than 100 metres
Only four historical holes have intersected the target horizon however were not adequality sampled for PGE’s

Independent Team of Technical Experts Appointed

Steve Beresford: Geologist & academic; 25+ years in the exploration of sulphide hosted deposits
▪ Tony Donaghy: Geologist; 25+ years in the global search for nickel, copper, cobalt, and PGE’s
Barry de Wet: Geophysicist; 45+ years in mineral exploration, including the Platreef orebody in South Africa

Target Horizon

Mineralisation at Callisto is associated with disseminated sulphides (<5%) within ultramafic rocks
Mineralisation is hosted 5-10 metres above a gently east dipping sedimentary horizon
Area immediately above sedimentary horizon forms the principal target zone for the upcoming drill campaign

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Mt Thirsty: PGE-Ni-Cu-Au

Phase I drill campaign testing the continuity of the target horizon and mineralisation onto the MTJV tenure

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Drilling on MTJV Licences Scheduled to Begin this Week

All necessary permits and approvals have been received to drill, including recent Heritage survey
▪ Site works, access tracks and drill pad preparation currently underway

Two Success-Dependent Phases of Drilling Planned

20,150m of reverse circulation and diamond drilling planned between two phases, namely: ▪ Phase I: 5,800m testing the continuity of the target horizon and mineralisation onto the MTJV tenure
▪ Phase II: 14,350m of infill and an increasing focus on several geophysical & structural anomalies

Lithium-Caesium-Tantalum (LCT) Potential

Historical drilling and mapping has previously recorded pegmatites on the western margin of the MTJV
▪ Importantly, 150 metres to the west of licences held by the MTJV is the Mt Thirsty pegmatite (Galileo)
▪ Six grab samples of the Mt Thirsty pegmatite returned an average grade of 2.3% Li2O and 1.87% Rb[1]

www.galileomining.com.au/wp-content/uploads/2018/05/GAL-Prospectus.pdf

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Mt Thirsty: Cobalt Oxide Project

One of Australia’s most advanced and highest-grade cobalt projects with a completed Pre-Feasibility Study

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Long-life Cobalt Exposure

50/50 joint-venture between Greenstone and Conico
1 of 6 advance stage Co-Ni projects in Australia; and 1 of 2 Co dominant projects in Australia[5]
▪ Rail, road, power, gas, water, townsite, fibre optic and port

Previously released PFS completed during a period of subdued prices

Remodelling of PFS at Cobalt prices of US$81,380/t and Nickel prices of US$37,115/t returned a pre-tax NPV 8% of $712 million[4]

Several Project Optimisations to Previous PFS Under Review

Reviewing ability to produce sulphate or P-CAM products
Reviewing alternative processing routes to increase Ni recoveries
Downstream products capture price premium and strategic support

					Nickel Price /t (USD)	Nickel Price /t (USD)
Cobalt Price /t (USD)	$55,000 $61,000 $65,000 $70,000 $75,000 $81,380 $85,000 $90,000	$15,000 -$98m -$11m $47m $120m $192m $285m $337m $409m	$17,850 -$43m $44m $102m $175m $247m $340m $392m $464m	$20,000 -$1m $86m $144m $216m $289m $381m $434m $506m	$25,000 $96m $183m $241m $313m $385m $478m $530m $603m	$30,000 $192m $279m $337m $410m $482m $574m $627m $699m	$37,115 $330m $417m $475m $547m $620m $712m $764m $837m	$40,000 $386m $473m $530m $603m $675m $768m $820m $893m	$45,000 $482m $569m $627m $700m $772m $864m $917m $989m	$50,000 $579m $666m $724m $796m $869m $961m $1,014m $1,086m

Economic sensitivities from the previously presented PFS showing improvement in pre-tax NPV under current spot pricing from $44m to $712m[4]

ASX:GSR 20/02/2020 (Material assumptions – Forex 0.67, Co Price US$61,000/t, Ni Price US$17,850/t, Co Payability 80%, Ni Payability 85%) 2. ASX:CNJ 09/09/2019
LME Cobalt and Nickel prices as at 04/02/2022
ASX:CNJ 22/03/2022
ASX:SRL; ASX:COB; ASX:AUZ; ASX:ARL; ASX:GME

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GREENLAND

FIEL D S E A S ON UNDE RWA Y

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RYBERG Project

(Ni-Cu-Co-PGE-Au) 2 Rigs drilling at Sortekap, Cascata followed by Miki Fjord . GREENLAND ▪ July-September 2022 2 holes drilled so-far one at Cascata and one at Sortekap

Mestersvig:

▪ (Zn, Pb, Ag) Multiple drill targets commencing along strike from historic Blyklippen mine

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CONICO 5

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RYBERG ②
100% owned. 4,521 km [2]
Game-changing regional
magnetic-radiometric
survey completed in 2021
①
Nearby to Major Precious
Metals’ (NEO: SIZE)
Skaergaard Pd-Au project
Contains 4 identified stand-
alone prospects
Known occurrences of
nickel, copper, palladium,
platinum and gold
640 km
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RYBERG
①
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MESTERSVIG
②
100% owned. 1,447 km [2]
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Contains an historic mine that produced 545 kt @ 9.9% Zn & 9.3% Pb that is open along ~13km of strike and at depth

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Adjacent to Greenland Resources’ (NEO:MOLY) Malmbjerg molybdenum project and nearby to IGO’s (ASX: IGO) Frontier copper project

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Contains an additional 2 stand-alone prospects

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Known occurrences of zinc, lead, copper and silver

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ASX: CNJ 5

Ryberg

M I K I ①

Magmatic sulphide occurrences (Cu-Ni-Co-Pd-Au)

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S O R T E K A P ②

Magmatic sulphide + orogenic gold occurrences (Ni-Co, Au)

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C A S C A T A ③

Layered mafic intrusion discovered by drilling in 2021 with lithological similarity to Major Precious Metals’ (NEO: SIZE) Skaergaard Pd-Au project.

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Q I T E R P I A A N E Q ④

A significant magnetic feature (2021 survey) that may represent a
previously unrecognised layered mafic intrusion (PGE-Au) or an alkaline intrusive complex (REEs).

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2
4
1
3
Skaergaard
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ASX: CNJ

Ryberg

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OCTOBER
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AUGUST

Drilling continues. Handheld XRF used to identify priority intervals and samples dispatched for analysis on a regular basis.

SEPTEMBER

Drilling continues in conjunctional with field assessment of new prospects. Assay results anticipated.

Drilling ceases and additional assay results anticipated.

ASX: CNJ 7

Ryberg

2022 Drilling Activities: Diamond drilling to commence in August.

Mineralisation Style: Magmatic sulphide (Cu-Ni-Co-PdAu)

Datasets:

Electromagnetic (EM) surveys (VTEM 2017 & groundborne 2020)

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Multispectral satellite data (2019 & 2020)

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Rock samples from the Miki Dyke grading up to 2.2% copper, 0.8% nickel, 0.1% cobalt, 3.3g/t palladium & 0.2g/t gold

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9 x diamond drill-holes (2021) tested EM targets but did not intersect the Miki Dyke

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Magnetic-radiometric survey (2021)

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Planned Drill Locations 2022
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ASX: CNJ 8

Ryberg

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2022 Drilling Activities: Diamond drilling underway, drill-hole SODD004 has been completed

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

Datasets:

Rock samples grading up to 0.33% nickel, 0.52% copper, 0.03% cobalt and 2.7g/t gold Multispectral satellite data (2019 & 2020)

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Induced polarisation (IP) survey (2020)

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SODD001: nickel sulphide mineralisation

3 x diamond drill-holes (2021)

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Magnetic-radiometric survey (2021)

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SODD001 and SODD002 Designed to intersect an IP anomaly. SODD001 encountered mafic and ultramafic lithologies containing stringer and vein nickel sulphide mineralisation. SODD002 intersected a barren dyke.

Notable intercept = 15m @ 0.23% Ni & 0.013% Co from 195m in SODD001

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SODD003 Designed to intersect gold/bearing quartz veins in amphibolite.

Notable intercepts = 1m @ 2.58g/t Au from 41m

1m @ 42.81g/t Au from 63m

ASX: CNJ

Ryberg

2022 Drill Locations: Results from the 2021 magneticradiometric geophysical survey, received after the 2021 drilling, provide better definition of geological structure and identified several distinct local anomalies. This data has been combined with the IP data, geochemistry, and satellite imagery to identify priority drill targets for 2022 including:

Several local magnetic features

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Areas of mineralised rock samples

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Mafic-ultramafic units for magmatic sulphides New targets from re-interpreted IP data

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Priority drill
locations
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ASX: CNJ 10

Ryberg

2022 Drilling Activity: Diamond drilling underway, with drill-hole CADD003 recently completed.

Mineralisation Style: Layered mafic intrusion that bears lithological similarity to Major Precious Metals’ adjacent Skaergaard Pd-Au project.

Datasets:

Multispectral satellite data (2019 & 2020) Surface and drill-hole geochemistry (2021) Magnetic-radiometric survey (2021)

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Layered gabbro from drill-hole CADD001 at Cascata.

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Simplified cross section of the adjacent Skaergaard gabbroic intrusion, where mineralisation is hosted in the ‘Triple Group’ (highlighted in red).

ASX: CNJ

Ryberg

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④ Qiterpiaaneq

History: Identified within the regional magnetic-radiometric geophysical survey. An obvious magnetic anomaly situated at the interface of underlying basement gneiss and overlying sediments.

Datasets:

Multispectral satellite data (2019 & 2020)

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Magnetic-radiometric survey (2021)

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2022 Proposed Activities at Quest and Qiterpiaaneq:

Field investigation early in the season to confirm mineralisation by prospecting and base-metal analysis by handheld XRF in the field.

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If mineralisation is confirmed drilling will be planned contingent on drilling at the other Ryberg prospects.

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ASX: CNJ

Mestersvig

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Mestersvig Brownfields Project: Containing the historic Blyklippen mine (Zn-Pb ± Ag, Cu) with mineralisation open along strike and to depth. The mine produced 545,000 tonnes of ore @ 9.9% Zn & 9.3% Pb between 1956 and 1962.

Critical Mineral: Zinc added to the United States Geological Survey (USGS) critical minerals list for 2022.

Demand for Greenland Product: Preliminary approval given from EXIM bank to provide up to US$657M in debt funding to develop Ironbark Zinc’s (ASX: IBG) Citronen Fjord lead-zinc project located in NE Greenland.

Mestersvig Existing Infrastructure: Several camps and buildings usable from previous exploration. Working harbour, 1,800m gravel airstrip (military) within 10km.

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Miners ready to go underground at the Blyklippen Mine, circa 1956-1962. Photo: Jorge Christensen, ´Blyminen i Mesters Vig´, published by Atuagkat, 2005.

ASX: CNJ

Mestersvig

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AUGUST Drilling continues in conjunctional with field assessment of new JULY prospects. Import drill rigs and commence drilling.

SEPTEMBER Initial assay results anticipated. Continued drilling and preparation to depart site late-September.

ASX: CNJ

Mestersvig

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Drilling Activities: Commenced in the last week of July, focusing on extensions to the Blyklippen orebody that is open at depth and laterally. The prospective strike-length is approximately 13km, from Blyklippen to the Sortebjerg Prospect.

Sortebjerg Historic Drilling: Previous drill results include these notable intercepts:

BH001 – 5.2m @ 12.6% Zn & 1.8% Pb, from 40m
BH003 - 4.0m @ 9.1% Zn & 1.3% Pb, from 51.9m
BH012 – 3.1m @ 12.6% Zn, 8.5% Pb & 3.0% Cu, from 46.2m

Drill rigs acquired: The Company has purchased two near new diamond drill rigs and all ancillaries. No transportation expenses were incurred as the equipment was already on the east coast of Greenland.

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Plan showing historic Blyklippen Mine orebody (red) and prospective horizon striking SSE to the Sortebjerg Prospect with proposed 2022 diamond drill holes (yellow dots).

ASX: CNJ

Mestersvig

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

Has an existing harbour and airfield.

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Traversable by foot/4x4 from the harbour to key prospects

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Existing camp buildings

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Existing underground workings and historic drill core at the historic Blyklippen Mine

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Activity at the Mestersvig Military Base.

ASX: CNJ

COMPANY SNAPSHOT

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BOARD: Greg H. Solomon (Chairman) Guy T. Le Page (Exec Dir) Thomas Abraham-James (Non Exec Dir) James B. Richardson (Non-Exec Dir) Douglas H. Solomon (Non-Exec Dir) MANAGEMENT: Thomas Sant (Explr Manager) Aaron Gates (Company Secretary)

Conico - Capital Structure	Conico - Capital Structure
Shares	1,358,268,874
CNJAT Options (ex. 1.6c, exp. 3/5/25)	1,000,000
CNJAA (ex. 4.0c, exp. 24/11/23)	8,500,000
CNJAC Options (ex. 4.0c, exp. 15/1/24)	2,300,000
CNJAM Options (ex. 2.2c, exp 21/9/23)	1,000,000
CNJAN Options (ex. 7.0c, exp 20/1/24)	60,496,307
CNJAO Options (ex. 4.0c, exp 30/9/24)	10,000,000
CNJAS Options (ex. 10.0c, exp 30/11/24)	33,500,000
CNJO (ex. 2.6c, exp 31/12/26)	104,010,976
Net Cash (A$)	$1,900,000
Share Price (A$)	$0.028
Market Capitalisation-Undil (A$)	$37,704,353
Enterprise Value-Undil (A$)	$35,804353

MAJOR SHAREHOLDERS:

BNP Paribas Noms:	10.0%
Tasman Resources Ltd	8.5%
BNP Paribas Noms:	5.8%
D Solomon	3.3%
G Solomon	3.3%

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CONICO

GREENLAND

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FISCAL TERMS

✓ 30% corporate tax
✓ Double taxation treaties with Iceland, Denmark, Norway & Faroe Islands
✓ 2.5% sales royalty
✓ Greenland tax is based on a net income principle, where the taxable income is calculated as a total net amount after deductions

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✓ Can carry forward tax losses indefinitely
✓ No VAT (DKK 0.10 per litre tax on fuel)

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CONICO

A GIANT OPPORTUNITY

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✓ MT THIRSTY : Phase 1 drilling looking for extensions to Callisto discovery only 200m north of joint venture tenement boundary.
✓ RYBERG : Ryberg (PGE-Ni-Cu-Co-Au) exposure to multicommodity opportunities with large scale.
✓ Drilling to continue to mid September (weather permitting)
✓ MESTERSVIG : Drilling now testing 13km of untested structure along strike from former high-grade Pb-Zn mine.
✓ PEOPLE : Management + consultants with significant Greenland Experience.
✓ LOGISTICS : Easy access from Iceland.
✓ TIGHT CAPITAL STRUCTURE : Top 20 hold 49% of issued capital.

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CONICO 25

CONICO CONTACTS

Guy Le Page Exec. Director [email protected]  [email protected]  www.conico.com.au

 Level 15, 197 St Georges Terrace PERTH WA 6000 Australia  Postal Address PO Box 7055 Cloisters Square WA 6850 Australia  +61-8-9282-5888  +61-8-9282-5899

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24 CONICO 26

COMPETENT PERSONS STATEMENT

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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

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CONICO

AI assistant

CONICO LTD — Investor Presentation 2022

64678_rns_2022-08-01_1967697e-cd9b-41c5-8d9b-902aa6a4b511.pdf

Cautionary Statement

Mt Thirsty Co-Ni-PGE

Mt Thirsty: PGE-Ni-Cu-Au

Major PGE discovery by adjoining landholder Galileo (ASX:GAL)[1]

Continuity of mineralisation supported by lithology & geophysics

Drilling on MTJV Licences Scheduled to Begin this Week

Mt Thirsty: PGE-Ni-Cu-Au

Geological Review & Target Generation

Independent Team of Technical Experts Appointed

Target Horizon

Mt Thirsty: PGE-Ni-Cu-Au

Drilling on MTJV Licences Scheduled to Begin this Week

Two Success-Dependent Phases of Drilling Planned

Lithium-Caesium-Tantalum (LCT) Potential

Mt Thirsty: Cobalt Oxide Project

Long-life Cobalt Exposure

Previously released PFS completed during a period of subdued prices

Several Project Optimisations to Previous PFS Under Review

GREENLAND

Mestersvig:

M I K I ①

S O R T E K A P ②

C A S C A T A ③

Q I T E R P I A A N E Q ④

AUGUST

SEPTEMBER

Datasets:

Datasets:

Datasets:

④ Qiterpiaaneq

Datasets:

2022 Proposed Activities at Quest and Qiterpiaaneq:

COMPANY SNAPSHOT

GREENLAND

FISCAL TERMS

A GIANT OPPORTUNITY

CONICO CONTACTS

COMPETENT PERSONS STATEMENT

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CONICO LTD Investor Presentation 2022