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Use ExtractAssociatedIcon for getting Handle of the icon. And use this result for Draw method of Canvas.

procedure TForm1.Button1Click(Sender: TObject);
begin
  if OpenDialog1.Execute then
    Edit1.Text:=OpenDialog1.FileName;
end;

procedure TForm1.Button2Click(Sender: TObject);
var
  MyIcon: TIcon;
  Filter: Word;
begin
  Filter:=0;
  MyIcon:=TIcon.Create;
  MyIcon.Handle:=ExtractAssociatedIcon(
    hInstance,
    PChar(Edit1.Text),
    Filter);
  Image1.Canvas.Draw(0, 0, MyIcon);
end;

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Win32 programmer's reference

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