geological along strike. Therefore, the sampling conducted by structure the drill-hole is considered unbiased. If the relationship between the drilling orientation * There are no known biases caused by the and the orientation of key mineralised structures is orientation of drill-holes MIDD008, SODD002 & considered to have introduced a sampling bias, this SODD003. should be assessed and reported if material. Sample The measures taken to ensure sample security. * The drill core is stored onboard the Company's security charter vessel which is considered highly secure. Audits or The results of any audits or reviews of sampling * No audits or reviews have been carried out at reviews techniques and data. this time. Section 2: Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral Type, reference name/number, location and * The Ryberg Project is wholly within Mineral Exploration tenement and ownership including agreements or Licences 2017/06 and 2019/38, located on the east coast of land tenure material issues with third parties such Greenland. They are held 100% by Longland Resources Ltd, a status as joint ventures, partnerships, wholly owned subsidiary of Conico Ltd. overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the * The tenure is secure and in good standing at the time of time of reporting along with any known writing. There are no known impediments. impediments to obtaining a licence to operate in the area. Exploration Acknowledgment and appraisal of * Previous work mentioned (2017 VTEM survey) was planned and done by other exploration by other parties. managed by Longland Resources Ltd, a wholly owned subsidiary parties of Conico Ltd. * Historic rock-chip sampling was conducted by Platina Resources Ltd and University of Leicester. Geology Deposit type, geological setting and * Deposit types: Magmatic & VMS. style of mineralisation. * Geological setting: The project area is located within the North Atlantic Igneous Province (NAIP), a Tertiary volcanic centre that covered an area of approximately 1.3 million km^2 in continental flood basalts (6.6 million km^3 in volume), making it one of the largest volcanic events in history. Volcanism is associated with the opening of the North Atlantic, and presence of a mantle plume (what is now the Icelandic hotspot). The project area represents an erosional interface where the flood basalts have been removed, revealing the basement geology beneath. The project area is adjacent to a triple junction (failed rift) and consists of Archaean orthogneiss, Tertiary gabbro/flood basalt, and Cretaceous-Tertiary sediments (rift valley basin). Approximately 70% of the geology within the sedimentary basin has been intruded by Tertiary sills that are feeders to the overlying plateau basalts. There are also feeder dykes and layered mafic intrusions - it is likely that there is also a large ultramafic body present at depth, evidence for this is in the form of ultramafic xenoliths brought to surface by magma conduits. * Style of mineralisation: magmatic copper and nickel sulphides with appreciable cobalt, palladium and gold. Drill hole A summary of all information material to * Refer to Annex 1. Information the understanding of the exploration results including a tabulation of the following information for all Material drill holes: - easting and northing of the drill hole collar - elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar - dip and azimuth of the hole - down hole length and interception depth - hole length. If the exclusion of this information is * This is not the case. justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. Data In reporting Exploration Results, * Not applicable as no sampling or assaying has occurred. aggregation weighting averaging techniques, maximum methods and/or minimum grade truncations (e.g., cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of * Not applicable as no sampling or assaying has occurred. metal equivalent values should be clearly stated. Relationship - These relationships are particularly * The geometry of the mineralisation with respect to the between important in the reporting of Exploration drill-hole angle is not known. All reported lengths are in mineralisation Results. reference to down-hole length, true width not known. widths and - If the geometry of the mineralisation intercept with respect to the drill hole angle is lengths known, its nature should be reported. - If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g., 'down hole length, true width not known'). Diagrams Appropriate maps and sections (with * Refer to Figures 1,4, 5, 6, 7 and 10. scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Balanced Where comprehensive reporting of all * Not applicable as no sampling or assaying has occurred. reporting Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Other Other exploration data, if meaningful and * Previous exploration results are detailed in: substantive material, should be reported including Conico Ltd press release on the 11^th of December 2020, exploration (but not limited to): geological entitled 'EM Survey Reveals Highly Prospective Chonolith at data observations; geophysical survey results; Ryberg'. geochemical survey results; bulk samples Conico Ltd press release on the 29^th of July 2020, entitled ' - size and method of treatment; Conico to acquire East Greenland projects via acquisition of metallurgical test results; bulk density, Longland Resources'. groundwater, geotechnical and rock Holwell et al, Mineralium Deposita, 2012, 47:3-21. characteristics; potential deleterious or contaminating substances. Further work The nature and scale of planned further * Diamond drilling testing for lateral extensions of work (e.g., tests for lateral extensions mineralisation, and large-scale step-out drilling. or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas * Refer to Figures 1, 5 & 10. of possible extensions, including the main geological interpretations and future drilling areas, provided this
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