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Conico Ltd (ASX:CNJ)

ALERT: Price-sensitive ASX Announcement for CNJ
Current share price for CNJ : $0.008 0.001 (14.29%)+
Announcement
Release
31 Jul 2026 9:53AM
Price at Release
$0.007
Full Release
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Summary
Conico Ltd's quarterly activities report for the period ended 30 June 2026 highlights significant progress in its mineral exploration projects. The company lodged applications for two new mineral exploration licenses in East Greenland, expanding its portfolio with the Kai Project, focusing on rare earth elements, and the Lilloise Project, targeting gold and PGE mineralization. These projects are adjacent to Conico's existing Ryberg Project. The company also continued preparations for a drilling program at the Mt Thirsty JV in Western Australia, focusing on scandium, a critical mineral. Financially, the report includes details on cash flows, with a net decrease in cash equivalents for the quarter. Conico maintains a strong cash position with $2.53 million at the quarter's end, enabling continued operations and development activities.
Key Points
  • Lodgement of mineral exploration licence applications in East Greenland.
  • Kai Project targets rare earth elements with a 862 km² area.
  • Lilloise Project focuses on gold and PGE mineralization with a 390 km² area.
  • Preparations for Phase 2 drilling at Mt Thirsty JV to target scandium.
  • End of quarter cash position at $2.53 million.
  • No mining production or development activities during the quarter.
  • Payments to related parties totaled $69k.
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.