Conico Limited is engaged in mineral exploration and development in Western Australia. The Company is engaged in mineral exploration for cobalt, nickel and manganese. The Company, through its subsidiary, Meteore Metals Pty Ltd, holds an interest in the Mt Thirsty Cobalt-Nickel-Manganese oxide (Mt Thirsty) project. The Mt Thirsty project covers an area of approximately 11.5 square kilometers and is located approximately 20 kilometers north-northwest of Norseman in the southern goldfields of Western Australia. The Mt Thirsty project has an indicated resource of approximately 16.6 million tons at 0.14% Cobalt, 0.60% Nickel and 0.98% Manganese, and an inferred resource of over 15.3 million tons at 0.11% Cobalt, 0.51% Nickel and 0.73% Manganese over a length of approximately 1.8 kilometers and a width of approximately 850 meters. Its total indicated and inferred resource contains approximately 177,000 tons of nickel, 40,000 tons of cobalt and 274,000 tons of manganese.