Corazon Mining Limited · ASX:CZN
Corazon Mining — RIU Sydney Resources Round-up Conference 2015
25 slides from Corazon Mining's conference presentation, May 14, 2015
Slide 1: RIU Sydney Resources Round-up Conference Presentation & Interview
14 May 2015 For personal use only Company Announcements Office Australian Securities Exchange Limited Dear Sir/Madam RIU Sydney Resources Round-up Conference Presentation & Interview Corazon Mining Limited (ASX: CZN) is pleased to share Managing Director Brett Smith’s video interview and presentatio
Slide 2: Company Presentation
For personal use only Company Presentation ASX : CZN May 2015 ASX: CZN | PAGE 1
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and forward looking For personal use only statements which are not a guarantee of future performance and which involve certain risks. Actual results and future outcomes will
Slide 4: Summary of Lynn Lake Opportunity
Summary of Lynn Lake Opportunity For personal use only Corazon has tied up one of Canada’s most prolific historic nickel producing regions Project consolidated for the first time since mine closure in 1976 Large resource already defined Historic and recent drilling has identified resource up
Slide 5: Longer Term Nickel Forecasts
Longer Term Nickel Forecasts For personal use only RBC 2015 Year Review – Source RBC Capital Markets estimates, Wood Mackenzie, LME ASX: CZN | PAGE 4
Slide 6: Longer Term Nickel Forecasts
Longer Term Nickel Forecasts For personal use only Macquarie Research Commodities Outlook November 2014 ASX: CZN | PAGE 5
Slide 7: Corporate Overview
Corporate Overview – ASX:CZN Structure Company Focus For personal use only Market Cap. @ 0.5 cps A$ 2.2M Advancing Lynn Lake to development Shares on Issue # 441.63M Unlisted Options on Issue # 30M • 83,000t contained nickel • 37,800t contained copper Cash (as at 31/3/15) A$ 2.2M 52 week share tradi
Slide 8: Lynn Lake – Project Location
Lynn Lake – Project Location For personal use only Raglan Voiseys Bay Lynn Lake Thompson Ontario Sudbury Major Canadian Nickel Projects ASX: CZN | PAGE 7
Slide 9: Lynn Lake – Mining Centre
Lynn Lake – Mining Centre A Plug How It Was Mines For personal use only Significant Canadian Ni producing region Sheritt Gordon 23 year operation – 1953 to 1976 Production - 22.2 M tons @ 1% Ni & 0.5% Cu EL Plug Including EL Plug 1.9 M tons @ 2.5% Ni & 1.15% Cu Mine Production rate - 1 M tons per an
Slide 10: Lynn Lake – Mining Centre
Lynn Lake – Mining Centre Lynn Lake Now For personal use only All year access to mine area Excellent infrastructure - Township, shops, hospital - Abundant hydro-electricity and water - Sealed airstrip EL Shaft Cap - Road or rail access to smelters No environmental or Native Title issues Drilling – E
Slide 11: Metal Rich Region
Metal Rich Region LEGEND For personal use only Shaft – Nickel Mine Airstrip Nickel Deposit VMS Deposit A Shaft D Deposit A Deposit E Deposit Township B&K Deposits Farley Shaft P Deposit A Plug Mining Area O Deposit Zn, Cu, Ag N Deposit Zn, Cu Zn, Cu, Au Zn, Au, Pb, Cu, Ag Zn, Ag Zn, Cu, Ag EL Deposi
Slide 12: Large Mineralised System
Large Mineralised System For personal use only North EL Mine Mine Area Plan View 150 Plug EL Mine A Plug Deposits Mined 1.9Mt @ 2.5% Ni, 1.15% Cu 2000 foot level CZN High-Grade Discovery 2011 Corazon Tenements Victory Tenements N, O Deposits Nickel @ US$9.01/lb Wardrop - 2007/8 Pre-Feas Study Copper
Slide 13: Victory Nickel Inc – NI 43-101 Resource
Victory Nickel Inc – NI 43-101 Resource Summary - A Plug NI 43-101 Resource1 For personal use only N, O & G Deposits, Lynn Lake, February 2010 COG Ni% Grade Contained Metal Deposit Tonnes3 Tons Eq2 Ni% Cu% Ni% Eq2 Tonnes Ni Tonnes Cu Measured, Indicated & Inferred Resource Categories N, O, G 0.4 28,
Slide 14: JORC Resource – A Focus On Grade
JORC Resource – A Focus On Grade Lower Cut-off Grade Contained Metal Grade For personal use only Deposit Tonnes NIEQ % Ni % Ni % Cu % Ni Tonnes Cu Tonnes Indicated Resource Category EL Upper 0.4 1,120,000 0.77 0.34 8,600 3,800 EL Lower 0.6 676,000 0.83 0.40 5,600 2,700 N 0.8 2,990,000 0.86 0.41 25,7
Slide 15: Recent Ni-Cu-Co Discoveries
Recent Ni-Cu-Co Discoveries EL Plug For personal use only EL Lower Zone – Corazon Mining Limited (ASX:CZN) – 23.75m @ 3.34% Ni, 1.54% Cu & 0.079% Co from 731.25m – Announced 28th June 2011 A Plug Disco (Maxwell) Deposit - Western Areas NL (ASX: WSA) – 18m @ 1.5% Ni, 0.70% Cu & 0.040% Co from
Slide 16: EL Deposit – Potential
EL Deposit – Potential Upper Zone Historical For personal use only Workings Open Pit Target – Potential early development tonnages – ~1,765,000 tonnes defined in resource Conceptual Pit shell Mid Zone Underground Mine Target – Limited by small amount of drilling Conceptual Mine – ~968,000 to
Slide 17: The EL Deposit - Depth Potential
The EL Deposit - Depth Potential For personal use only -700 mbs Discovery Hole XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu Deepest Result CRZ012 -800 mbs 44.75m @ 1.55%Ni & 0.65%Cu Including:- 3.85m @ 2.83%Ni & 0.24%Cu 11.03m @ 2.31%Ni & 1.01%Cu 11.51m @ 2.37%Ni & 0.78%Cu Drill hole Cross-Section Looking
Slide 18: Core Photos - Mineralisation
Core Photos - Mineralisation For personal use only ASX: CZN | PAGE 17
Slide 19: Lynn Lake – Inherited Data
Lynn Lake – Inherited Data Drilling – Predominantly Mine & Resource Focused For personal use only Approximately 5,200 known drill holes Drill data yet to be located ~ 450 surface holes ~ 150 underground holes A Plug - Potential to grow resources & locate new targets “Production mentality” by past op
Slide 20: Lynn Lake – Inherited Data: Geophysics
Lynn Lake – Inherited Data Geophysics – Extensive High Quality Datasets For personal use only Never before collated for project scale exploration Detailed mine-focus surveys & Regional new target generation Geophysical Survey Statistics 1996-2011 High Definition Aeromagnetic Surveys Most mafic intru
Slide 21: Regional Exploration Targets
Regional Exploration Targets Milligan Geology - 1957 A new look at a prospective area For personal use only Ralph Lake Plug Geophysics and an understanding of the mineralised system is the key to discovery A Plug Difficult terrain, targets are predominantly under cover Multiple magnetic and conducti
Slide 22: Summary of Lynn Lake Opportunity
Summary of Lynn Lake Opportunity Lynn Lake provides good leverage to an appreciating nickel price For personal use only Large project Excellent existing infrastructure Low-grade system – development is nickel price dependent – 2007 pre-feasibility identified low cost operation with a cost of
Slide 23: Current Activities
Current Activities Mining and Processing Studies For personal use only Looking to optimise up-front grade and identify cheap early ore Looking to reduce operational costs Exploration Collating more than $1.5M worth of modern geophysics Adding to drilling dataset with +600 missing holes
Slide 24: Contacts
Contacts For personal use only Brett Smith Managing Director Corazon Mining Limited P: +61 (8) 6142 6366 James Moses Media and Investor Relations P: +61 (0) 420 991 574 E: james@mandatecorporate.com.au Corazon Mining Limited T: +61 (8) 6142 6366 A: Level 1, 350 Hay Street, Subiaco WA 6008 | P: PO Bo
Slide 25: Competent Person Statement
Competent Person Statement The information in this report that relates to Exploration Results and Mineral Resources for the A Plug deposits at the Lynn For personal use only Lake project is based on information compiled by Mr Neal Leggo who is a Member of the Australian Institute of Geoscientists. M
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