Conic Announces Ramu’S COVID-19 Response Plan
NEWS RELEASE TSX Venture: NKL
CONIC ANNOUNCES RAMU’S COVID-19 RESPONSE PLAN
TORONTO, ONTARIO, March 24, 2020 — Conic Metals Corp. (“ Conic” or the “ Company”) (TSXV:
NKL) is providing an operational update on the impact of the Covid-19 pandemic and the response plan at
the Ramu Nickel-Cobalt (“Ramu”) integrated operation in Papua New Guinea (“ PNG”). Conic currently
holds an 8.56% joint -venture interest in the Ramu operation which is operated by the Metallurg ical
Corporation of China (“MCC”).
To safeguard the health and wellbeing of all PNG citizens and employees at Ramu, MCC has initiated a
comprehensive response plan to prevent the outbreak of the coronavirus disease. To date there has been no
significant impact on production at the Ramu operation as a result of the Covid-19 pandemic. The response
plan enforces interim regulations on leave and work arrangements during the Covid-19 pandemic, which
includes a 14-day quarantine period along with active monitoring of the health of all employees who have
recently travelled overseas. In addition, MCC is enforcing strict site entry and exit controls at Ramu as well
as ingress and egress control measures at Ramu’s Basamuk Refinery, starting from midnight on March 24,
2020.
On Friday, March 20, 2020, PNG reported its first case of Covid -19 infection, following the testing of an
international visitor shortly after arrival in PNG. It is understood that the visitor was quarantined and
transported back to Australia already and no additional infections have been reported to date, with testing
ongoing. As a result of this reported infection, the PNG government has declared a National State of
Emergency (“SOE”) for a period of 14 days, starting yesterday. Under the SOE, there are international and
domestic travel restrictions, with no foreign nationals permitted to enter the country and all travel between
provinces restricted to essential services.
In line with other mining operations in country, MCC intends to maintain normal operations at the mine
and associated facilities. The Company believes that MCC has the necessary complement of expatriate and
PNG national workforce to maintain operations for the foreseeable future but will be evaluating
developments on an ongoing basis.
About Conic
Conic Metals Corp. is a base metals company offering direct exposure to nickel and cobalt, both being
critical elements of electric vehicles and energy storage systems. Conic holds an 8.56% joint-venture
interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New
Guinea which provides Conic with significant attributable nickel and cobalt production. In addition, Conic
manages a portfolio of 11 nickel and cobalt royalties on development and exploration projects in Canada
and Australia. Conic will continue to invest in a battery metals-focused portfolio of streams, royalties and
direct interests in mineral properties containing battery metals.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain information which constitutes ‘forward -looking statements’ and
‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements
that are contained in this news release that are not statements of historical fact may be deemed to be forward-
looking statements. Forward looking statements are often identified by terms such as “may”, “should”,
“anticipate”, “expect”, “potential”, “believe”, “int end” or the negative of these terms and similar
expressions. Forward-looking statements in this news release include, but are not limited to : statements
with respect to the business; statements with respect to the impact of the Covid -19 pandemic and MCC’s
response plan thereto; and, assets of Conic and its strategy going forward and statements pertaining to future
events or future performance . Readers are cautioned not to place undue reliance on forward -looking
statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which
are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these
forward-looking statements materialize, or should assumptions underlying the forward-looking statements
prove incorrect, actual results, performance or achievements could vary materially from those expressed or
implied by the forward-looking statements.
The forward-looking statements contained herein are made as of the date of this release and, other than as
required by applicable securities laws, the Company does not assume any obligation to update or revise
them to reflect new events or circumstances. The forward-looking statements contained in this release are
expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. No securities regulatory authority has either approved or disapproved of the contents of this
news release.