Conico appoints Aussie Greenland guru as exec director, market cap doubles
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The Aussie explorer on an absolute tear, Conico says it’s snagged the celebrated Greenland-whisperer Thomas Abraham-James as the company’s newest non-executive director after the executive geologist stepped down as CEO of Conico subsidiary Longland Resources.
Effective immediately, the global explorer told the ASX that Abraham-James will also be engaged in the ongoing promotion of Conico activities in addition to monitoring field activities in Greenland alongside executive director Guy Le Page.
A mineral explorer with highly-prospective precious and base metal projects across Greenland and Western Australia, Conico acquired 100% of Longland back in 2020, and has been exploring the 4,500km2 Ryberg project with an eye on electromagnetic anomalies and high-grade surface expressions of copper, palladium, gold and also nickel, cobalt and platinum.
Up circa 8% today, Conico (ASX:CNJ) and its JV partner at WA’s ‘Mt Thirsty’ nickel-copper JV Greenstone Resources (ASX:GSR) have been rising sharply “on nearology fervour” as Reuben Adam puts it, since Galileo Mining (ASX:GAL) hit palladium paydirt right next door.
Thomas joins the $40m market cap as the share price continues to surge, up some 215% over the last month. Abraham-James is a noted geologist with multi-commodity experience including eight field seasons in Greenland – the last two at Ryberg and Mestersvig.
The new director brings some 15 years’ technical and corporate exploring experience in the mineral sector. CNJ told Stockhead as a mineral exploration specialist, Abraham-James will focus on management, target generation, property reviews, geochemical surveys, data compilation, and reporting.
After eight years with Platina Resources calling the shots and poking about the unique mineral environs of Greenland, he founded Longland Resources in 2016, as probably the only Australian digger who knows Greenland better than most Greenlanders.
As an executive he has led both listed and private explorers in an array of projects across four continents including the discovery of new mineral resources, like the Rukwa Helium Project for Helium One where he was co-founder.
On Wednesday, the CNJ board also announced that UK-based geologist Thomas Sant, has been appointed exploration manager at Longland, responsible for exploration at Greenland’s prospective Ryberg and Mestersvig projects.
Meanwhile Conico says it’s show time for the Ryberg field crew which is ready to depart Iceland by vessel bound for the Ryberg Project, with field activities due to commence next week.
Initial activities will include helicopter drop-in visits to newly identified targets from the regional magnetic survey from late last year which identified a number of anomalies of interest including Pyramiden, Quest and Qiterpiaaneq that will be followed up with reconnaissance mapping and sampling.
Conico will also provide updates shortly on the commencement of drilling at key prospects including Miki Fjord (nickel, copper, cobalt, gold, PGMs), Cascata (gold, PGMs) and Sortekap (gold, nickel, cobalt).
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.