Conico Ltd
CNCZF
Other OTC0.05
USD
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Conico Ltd
CNCZF
(Other OTC)
Recent
price
0.05
P/E
ratio
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div
yld
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ROIC.AI
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- Conico Ltd (ASX:CNJ; OTC:CNCZF) is an Australia-based mineral exploration company focused on acquiring, exploring, and developing deposits of cobalt, nickel, manganese, gold, lead, zinc, copper, platinum group elements, and other base and precious metals. The company holds interests in three key projects: the 100%-owned Ryberg multi-element project spanning 4,521 square kilometers on Greenland's east coast, prospective for nickel, copper, cobalt, PGEs, and gold; the 100%-owned Mestersvig project on Greenland's east coast, located five kilometers from the Mestersvig military base and hosting the historic Blyklippen Mine, which produced 545,000 tonnes of ore grading 9.9% zinc and 9.3% lead; and the Mount Thirsty project in Western Australia, a 50/50 joint venture with Greenstone Resources located 16 kilometers northwest of Norseman, featuring cobalt-nickel-manganese oxide resources with a pre-feasibility study completed in 2020 and ongoing exploration for nickel sulphides and PGEs. Conico targets battery metals and critical minerals markets, with operations in Australia and Greenland. Founded in 2006 and headquartered at Level 15, 197 St Georges Terrace, Perth, Western Australia. In recent developments, Conico settled a legal dispute with Cartwright Drilling Inc. in June 2025 through a cash payment of A$721,110 and issuance of 34.658 million shares, funded by A$900,000 in converting loans from sophisticated investors including a director. The company announced a 1-for-8 share consolidation in September 2025, alongside a fully underwritten non-renounceable entitlement offer to raise approximately A$1.19 million at A$0.08 per share post-consolidation, led by RM Corporate Finance. Additional strategic moves include extending rights offers, advancing exploration at Mount Thirsty with drilling and studies for high-value precursor cathode active material production, releasing half-year accounts in June 2025, and planning an annual general meeting in November 2025.