CONICO LTD — Regulatory Filings 2017

Feb 19, 2017

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ACN 119 057 457
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20 February 2017

ASX Compliance Pty Limited Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000

Attention: Mr Sebastian Bednarczyk

By Email: Sebastian.Bednarczyk@asx.com.au and tradinghaltsperth@asx.com.au

Dear Mr Bednarczyk,

CONICO LTD (“the Company”) – ASX PRICE QUERY

We refer to your letter of 20 February 2017, and in relation to the questions raised by you concerning recent change in the price of the Company’s securities, we comment as follows:-

1. Is the Company aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

No.

1. If the answer to Question 1 is “Yes”: Not applicable.

2. If the answer to question 1 is “no”, is there any other explanation that the Company may have for the recent trading in its securities?

3. Conico Ltd (ASX: CNJ ) has a 50% interest in developing the Mt Thirsty cobalt-nickel oxide deposit 20km NW of Norseman in southern Western Australia. The Company has historically believed and stated publicly that it sees the Mt Thirsty deposit as having the potential to be a significant cobalt producer .

4. 50% JV partner Barra Resources Ltd (ASX: BAR) currently has a market capitalisation of approximately A$50 million based on a share price of 12 cents. This compares to a market capitalisation of approximately A$21 million for CNJ based on a 7.3 cent share price.

5. The Cobalt price has appreciated significantly in the last 12 months from just under US$22,000 to US$44,000 per metric tonne (cash buyer).

____________________ Level 15, 197 St George’s Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Website: www.conico.com.au

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• The Company notes increasing equities market attention this year around cobalt related companies, generated from higher investor awareness now that cobalt is a key ingredient along with lithium in the new and much touted lithium ion battery sector globally.

• The Company notes also a number of specific recent media articles promoting cobalt’s upside, as well as a number of corporate transactions involving cobalt specific listed entities and their projects.

• Please confirm that the Company is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.

The Company confirms it is in compliance with the Listing Rules, including Listing Rule 3.1.

Yours faithfully

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Aaron Gates Company Secretary

20 February 2017

Mr Aaron Gates Conico Ltd 197 St George’s Terrace PERTH WA 6000

By email: agates@conico.com.au

Dear Mr Gates

Conico Ltd (“Company”): price query

We note the change in the price of the Company’s securities from a close of $0.062 on 17 February 2017 to a high of $0.075 today, 20 February 2017.

We also note the increase in the volume of the Company’s securities traded in the past few days.

In light of this, ASX asks the Company to answer separately each of the following questions and provide the following confirmations in a format suitable for release to the market in accordance with Listing Rule 18.7A:

1. Is the Company aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

2. If the answer to question 1 is “yes”:

3. a) Is the Company relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?

Please note that the recent trading in the Company’s securities would suggest to ASX that such information may have ceased to be confidential and therefore the Company may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.

• b) Can an announcement be made immediately?

Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).

• c) If an announcement cannot be made immediately, why not and when is it expected that an announcemant will be made?

• If the answer to question 1 is “no”, is there any other explanation that the Company may have for the recent trading in its securities?

• Please confirm that the Company is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.

ASX Compliance Pty Limited 20 Bridge Street ABN 26 087 780 489 Sydney NSW 2000

www.asx.com.au Customer service 13 12 79

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1. Please confirm that the Company’s responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by its board or an officer of the Company with delegated authority from the board to respond to ASX on disclosure matters.

When and where to send your response

This request is made under, and in accordance with, Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by not later than 12.00 pm (WST) today, 20 February 2017 . If we do not have your response by then, ASX will have no choice but to consider suspending trading in the Company’s securities under Listing Rule 17.3.

You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A the Company’s obligation is to disclose the information “immediately”. This may require the information to be disclosed before the deadline set out in the previous paragraph.

ASX reserves the right to release a copy of this letter and your response on the ASX Market Announcements Platform under Listing Rule 18.7A. Accordingly, your response should be in a form suitable for release to the market.

Your response should be sent to me by e‐mail at tradinghaltsperth@asx.com.au. It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.

Listing Rules 3.1 and 3.1A

Listing Rule 3.1 requires a listed entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities. Exceptions to this requirement are set out in Listing Rule 3.1A.

In responding to this letter, you should have regard to the Company’s obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B .

It should be noted that the Company’s obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.

Trading halt

If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in the Company’s securities under Listing Rule 17.1.

If you wish a trading halt, you must tell us:

• the reasons for the trading halt;

• how long you want the trading halt to last;

• the event you expect to happen that will end the trading halt;

• that you are not aware of any reason why the trading halt should not be granted; and

• any other information necessary to inform the market about the trading halt, or that we ask for.

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We may require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted.

You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions .

If you have any queries or concerns about any of the above, please contact me immediately.

Yours sincerely

[Sent electronically without signature]

Sebastian Bednarczyk Senior Adviser, Listings Compliance (Perth)

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