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Conico (ASX:CNJ) restructures board, delivers Greenland update

ASX News, Mining
ASX:CNJ      MCAP $1.805M
01 June 2022 14:41 (AEST)

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Conico (CNJ) has appointed Thomas Abraham-James as a Non-Executive Director, effective immediately.

Mr Abraham-James was previously the CEO of Longland Resources, a subsidiary of Conico.

He will be engaged in the ongoing promotion of the company’s activities in addition to monitoring field activities in Greenland alongside Executive Director Guy Le Page.

A geologist by trade, Mr James was educated at the Australian National University and has more than 15 years of experience in the mineral exploration industry.

He has since gone on to create a career of multi-commodity experience including eight field seasons in Greenland including the last two field seasons at Ryberg and Mestersvig.

The board has also appointed Thomas Sant as Exploration Manager of Longland who will be responsible for the supervision and implementation of exploration at the company’s Ryberg and Mestersvig projects in Greenland.

A geologist based in Manchester, England, Mr Sant is a mineral exploration specialist focusing on management, target generation, property reviews, geochemical surveys, data compilation and reporting.

He holds a Bachelor of Applied Geology from Leicester University and has over 25 years of international experience.

The company has advised that a field crew is ready to depart Iceland by a vessel bound for the Ryberg Project with field activities due to commence next week.

Initial activities proposed will include helicopter borne site visits to newly identified targets from the regional magnetic survey from late 2021.

The survey spotted a number of anomalies of interest including Pyramiden, Quest and Qiterpiaaneq that will be followed up with reconnaissance mapping and sampling.

Conico also confirmed it will also provide updates shortly on the commencement of drilling at key prospects including Miki Fjord, Cascata and Sortekap.

CNJ shares were steady on the market, trading at 3.6 cents at 2:40 pm AEST.

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