Conico Limited provided an update on the Mt Thirsty Joint Venture (the MTJV) following from the recent palladium-platinum-gold- copper-nickel discovery by Galileo Mining Ltd. located less than 200 metres from the northern tenement boundary held by the MTJV. The MTJV is located 16 kilometres North-Northwest of Norseman, Western Australia and is owned by Greenstone Resources Limited (50%) and Conico . Multidisciplinary geological review targeting Platreef analogues expected to be completed early-July Program of Work (PoW) applications submitted with DMIRS and are anticipated within the next 2-4 weeks Notification of ground disturbing activities submitted with Ngadju, and heritage ap- proval expected in July Multipurpose diamond and reverse circulation drill rig confirmed for an initial 5,000 metre program Pending the receipt of PoW applications and heritage approvals, drilling is expected to begin in late July Galileo recently announced the completion of six reverse circulation drillholes at Callisto targeting a mineralised sulphide unit on the contact between an ultramafic sill and a package of sedimentary rocks.

An initial appraisal of the results from Callisto by Galileo indicates similarities in mineralisation style to the Platreef de- posits on the northern limb of the Bushveld Complex in South Africa. The Platreef deposits are very large in nature and have combined indicated resources of >700Mt at a 1 g/t 3PE+Au cut off1 and contain palladium, platinum, gold, rhodium, copper, and nickel. Signif- icant intercepts from the discovery hole NRC266 drilled by Galileo on their tenure.