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To Generate Immediate Cash Flow

Conic Metals’s 8.56% JV interest in the Ramu nickel-cobalt operation implies attributable production to Conic Metals of over 2,900 tonnes of nickel and over 600,000 pounds of cobalt per annum (based on 2018 Ramu production for 8.56% interest). Upon repayment of attributable partner loans and increased interest in Ramu to 11.3%, implied attributable production to Conic Metals increases to over 3,800 tonnes of nickel and over 800,000 pounds of cobalt per annum.

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