CONICO LTD — Major Shareholding Notification 2009

Nov 25, 2009

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Fission Energy Ltd
ACN/ARSN	119 057 457
1. Details of substantial holder(1)
Name		Mr James B Richardson ("JBR"
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on		10/09/2009
The previous notice was given to the company on The previous notice was dated		25/07/2008 25/07/2008
2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	22,013,575 19.48		22, 013, 575 17.34

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
$ 06/10/2008$ JBR		Dilution upon issue of shares by Fission	N/A		22,013,57522,013,575
$10/09/2009$ JBR		Dilution upon issue of shares by Fission	İN/A		22,013,57522,013,575
05/10/2009JBR		Dilution upon issue of shares by Fission	N/A		22, 013, 575 22, 013, 575

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
		See Annexure	பது ப

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable _________ ---------------	--------------------------------------- --------------------------------------- ______ Nature of association ______ . _________
N/A	_ ______ _________
_________ ---------------------------------------

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Mr James B Richardson	PO Box 154, West Perth, WA 6872
Per bin buggingan bir berar yi Signature print name Mr James Aradley Richardson	capacity Director
sign here	25 / 11 / 2009 date
	DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an $(1)$ equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $(b)$ which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom'e $(7)$ entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

Annexure A

This is Annexure "A" of one page referred to in Form 604 Notice of Change of Interests of a Substantial Holder lodged by
Fission Energy Ltd A.C.N. 119 057 457

Holder of relevant interest	Registered holder of Person entitled to be registered as holder securities		Nature of relevant interest	Class and Number of Securities	Person's Votes
Tadea Pty Ltd	Tadea Pty Ltd	Tadea Pty Ltd	Director & Shareholder	12,143,575	12,143,575
Tadea Pty Ltd <richardson familyA/c	Ptv Ltd Tadea <richardson Family A/c</richardson	Ltd Ptv Tadea <richardson Family A/c</richardson	Director & Shareholder	350.000	350,000
Standard Nickel Pty Ltd	Standard Nickel Pty Ltd	Standard Nickel Pty Ltd	Director	9,520,000	9.520.000

James Bradley Richardson

Date: 25 November 2009