Conico Ltd (ASX:CNJ) (Conico or the Company) is pleased to provide an update on the imminent resumption of exploration activities at the Mt Thirsty Joint Venture (the MTJV) following the recent palladium-platinum-gold-copper-nickel (PGE) discovery by Galileo Mining Ltd (ASX:GAL) (Galileo) 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 (50%) and Conico Limited (ASX: CNJ) (50%). Drilling is scheduled to resume later this week at the MTJV following the completion of a multidisciplinary geological review and the receipt of all necessary approvals. The Phase I drill campaign is targeting mineralisation associated the same geological horizon which hosts Galileo's recent Callisto discovery, importantly the presence of this geological horizon extending onto the MTJV licences is supported by several historical drill holes. Mineralisation at Callisto is associated with disseminated sulphides historical drill holes were drilled to depths greater than 100 metres and intersected the target horizon (Figure 1). However, given the limited sulphide mineralisation observed at Callisto (

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