CONICO LTD — Major Shareholding Notification 2020

Nov 3, 2020

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

119 057 457
1. Details of substantial holder (1)
Conico Ltd ("CNJ")
119 057 457

$2/11/2020$ The holder became a substantial holder on

2. Details of 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 on the date the substantial holde

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Shares	108,038,019	108,038,019	15.26%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
CNJ	Refer to Annexure A	108,038,019 Ord

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Person entitled to be Registered holder of registered as holder (8) securities		Class and number of securities
CNJ		Refer to Annexure A Refer to Annexure A 108,038,019
			Ord Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
CNJ	2/11/2020			108,038,019
				Ord Shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association _________
IN/A	The first term of the property of the company of the company of

7. Addresses

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

Name	Address
Conico Ltd	Level 15, 197 St Georges Terrace Perth WA

Signature

	print name Aaron Gates	capacity Company Secretary
sign here		4 / 11 /2020 date
	Contractor

DIRECTIONS

• $(1)$ 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 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 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
• $(a)$ any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any 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.

• $(8)$ 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".
• $(9)$ 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, become 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.

Annexure A

This is Annexure "A" of one page referred to in Form 603 Notice of Initial Substantial Holder lodged by Conico Ltd A.C.N. 119 057 457.

Nature of Interest

Conico Ltd has an interest in 108,038,019 of its ordinary shares issued as the condiseration pursuant to the Agreement for Sale and Purchase of all the Shares in Longland Resources Ltd dated 14 September 2020. Under this agreement 108,038,019 shares are voluntarily escrowed for the period of 12 months commencing on Settlement of the Longland acquisition (expiring 2 November 2021) and Conico therefore controls the exercise of a power to dispose of these shares.

Registered Holders

Registered Holder	Person entitled to be registered as holder	Number of Shares	Class
Cambrian Limited	N/A	33,328,941	Ordinary Shares
Fiducs Limited	N/A	8,823,529	Ordinary Shares
Sabona Investments Limited S.A.	N/A	4,705,882	Ordinary Shares
Explore Pty Ltd	N/A	2,537,412	Ordinary Shares
Archaean Pty Ltd	N/A	912,353	Ordinary Shares
Thomas Harvey Abraham-James	N/A	33,328,941	Ordinary Shares
Laurentiu David Stefan	N/A	8,823,529	Ordinary Shares
Vincent Hendrickx	N/A	4,400,960	Ordinary Shares
Michael Anthony Jackson	N/A	3,058,824	Ordinary Shares
Geoffrey Allen Gibson	N/A	1,882,353	Ordinary Shares
David Alexander Holwell	N/A	1,882,353	Ordinary Shares
Benjamin David Kirkpatrick	N/A	1,176,471	Ordinary Shares
Vatnar HF	N/A	823,529	Ordinary Shares
Teutonic Investments Pty Ltd	N/A	1,176,471	Ordinary Shares
Jonathan Downes	N/A	1,176,471	Ordinary Shares
Total		108,038,019	Ordinary Shares

Aaron Gates

Company Secretary

Date: 4 November 2020