Announcement Date: 2023-05-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Conico Ltd.
Project name: MT Thirsty
Location: Australia
Commodities: Nickel,Cobalt,Manganese,Scandium
Highlight: Drilling results incl. 48m at 0.08% Co, 0.44% Ni, 0.13% Mn, 47.6g/t Sc from 2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Conico Limited (ASX: CNJ) (Conico or the Company) is pleased to provide an update on exploration activities at the Mt Thirsty Joint Venture (MTJV), with assays having now been received for the remaining five drill holes targeting Co-Ni-Mn-Sc mineralisation. The Mt Thirsty Co-Ni-Mn-Sc project is located 16 kilometres North-Northwest of Norseman, Western Australia (50% Greenstone Resources, 50% Conico Limited) and is supported by a network of existing infrastructure (road, rail, port & power). The Project hosts the Mt Thirsty cobalt-nickel-manganese deposit with a current JORC Resource of 66.2Mt at 0.06% cobalt, 0.43% nickel, 0.45% Manganese for which a Scoping Study (Study) is currently underway and expected in July (see ASX Announcement: CNJ 26/04/2023).
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