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Conico Ltd (ASX:CNJ)

ALERT: Price-sensitive ASX Announcement for CNJ
Current share price for CNJ : $0.011 0.001 (10%)+
Announcement
Release
13 May 2026 9:08AM
Price at Release
$0.010
Full Release
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Summary
Conico Ltd (ASX: CNJ) has submitted applications for two mineral exploration licenses in Greenland, covering the Kai and Lilloise projects adjacent to its existing Ryberg Project. The Kai Project is highly prospective for rare earth element (REE) mineralization, featuring a large alkaline intrusion similar to other significant REE deposits like Mount Weld in Australia and Kvanefjeld in Greenland. The Lilloise Project is targeted for gold and platinum group element (Au-PGE) mineralization, characterized by a layered ultramafic complex akin to the nearby Skaergaard Intrusion. These applications, pending approval, are expected to expand Conico's Greenland landholdings to approximately 6,460 km², positioning the company as a leading landholder in East Greenland. The projects have seen limited exploration, and Conico plans to employ modern techniques such as mapping, geophysics, and sampling to develop significant mineralization targets. The company's strategic expansion in Greenland aims to capitalize on the region's geological potential and growing importance for critical minerals.
Key Points
  • Conico Ltd applies for mineral exploration licenses in Greenland.
  • Kai Project is prospective for rare earth elements.
  • Lilloise Project targets gold and PGE mineralization.
  • Expansion will make Conico a major landholder in East Greenland.
  • Plans include applying modern exploration techniques.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.