Corazon Mining Limited · ASX:CZN

Corazon Mining — Shareholder Meeting (November 2019)

23 slides from Corazon Mining's shareholder meeting presentation, Nov 29, 2019

  1. Slide 1: Company Presentation Annual General Meeting

    Company Presentation ANNUAL GENERAL MEETING 29 November 2019 LEVEL 2, 38 Richardson St, West Perth, WA 6005 | PO BOX 8187, SUBIACO EAST WA 6008 | +61(8) 6142 6366 | INFO@CORAZON.COM.AU | WWW.CORAZON.COM.AU 1 1

  2. Slide 2: Forward Looking Statement

    Forward Looking Statement This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and forward looking statements which are not a guarantee of future performance and which involve certain risks. Actual results and future outcomes will in all likelihood differ

  3. Slide 3: Corazon Mining Limited – Corporate Overview

    Corazon Mining Limited – Corporate Overview ISSUED QUOTED SHARE MARKET CASH ASX CODE SHARES OPTIONS(1) PRICE CAP. (Sept 19) CZN 2.04b 188m $0.003 $6.12m $1.2m Board of Directors Shareholders Terry Streeter Non Executive Chairman Top 20 Shareholders 34.8% Brett Smith Managing Director Number of Share

  4. Slide 4: Two Quality Projects – Key Demand Driven Commodities

    Two Quality Projects – Key Demand Driven Commodities Lynn Lake Nickel-Copper-Cobalt Old Mining Centre Large JORC Resource Base Redevelopment Opportunity Exciting Ni Sulphide Exploration Play Mt Gilmore Copper-Cobalt-Gold Newly Recognised Area Large Project – Little Historical Work Cu-Co Dominant Sul

  5. Slide 5: Corazon – The Last 12 Months

    Corazon – The Last 12 Months 2019 – A TALE OF TWO PROJECTS Two compelling exploration projects in commodities poised to be key components of the global growth in next-generation battery technologies Investor Interest in Cobalt Slows Nickel Market Tightens - Interest Up Mt Gilmore - NSW Lynn Lake - C

  6. Slide 6: Lynn Lake – The Advantages

    Lynn Lake – The Advantages LOGISTICALLY EASY EXPLORATION  Prolific historic mining centre  Excellent infrastructure  Large resource base  Resource growth potential  Exciting regional discovery opportunity  Manitoba – one of the best mining provinces in Canada 6

  7. Slide 7: Lynn Lake Deposits – Geologically Unique Within Region

    Lynn Lake Deposits – Geologically Unique Within Region ALL PROSPECTIVE INTRUSIONS CONTROLLED BY CZN Historical Mine  Multiphase intrusive mafic-ultramafic igneous “plugs” Area  Extreme crustal contamination of plugs indicates:  Interaction of the magma with country rocks – assimilation of pre-exi

  8. Slide 8: Lynn Lake – Nickel Endowment

    Lynn Lake – Nickel Endowment PROLIFIC LARGE TONNAGE – LOW COST PRODUCER 0 500m N Past Production 1953-1976 A Shaft  206,200t Nickel and 107,600t Copper A Plug Golf Deposit  A Plug - 18Mt @0.88% Ni + 0.47%Cu Disco  EL Plug - 1.9Mt @ 2.4% Ni + 1.15% Cu Deposit Farley Shaft Resource Estimate – 27th

  9. Slide 9: Lynn Lake Mining Centre – Multiple Deposits – Growth Potential

    Lynn Lake Mining Centre – Multiple Deposits – Growth Potential South North 4 kms Disco Resource 77kt @ 0.71%Ni, C B A ‘EL’ Resource 0.41%Cu 2.4Mt @ 0.94%Ni, 0.32%Cu E ‘O’ Resource 6.0Mt @ 0.68%Ni, 0.32%Cu F D J D Lower ‘EL’ Deeps K Discovery G ‘P’ Resource 218kt @ 0.71%Ni, 0.47%Cu Golf Resource 1.0M

  10. Slide 10: Strategic Importance of Disseminated Sulphides

    Strategic Importance of Disseminated Sulphides 10.0 “DISSEMINATED SULPHIDE Mines Projects DEPOSITS SHOULD ATTRACT South Kambalda INCREASING INTEREST” Eagle Kabanga Venus Victoria Sudbury, Glencore Savannah Nova Voisey's Bay In a context of Nickel Grade (% Ni) - Log Scale Grasset Windarra Forrestania

  11. Slide 11: New 'Game-Changing' Metallurgical Results

    New ‘Game-Changing’ Metallurgical Results DELIVERS “PRODUCT” OPTIONALITY  First comprehensive flotation testwork in more than 40 years  First time separate clean high-value nickel and copper concentrates have been produced (ASX announcements date 11th & 12th Feb 2019) 26% Nickel Con. with recoveri

  12. Slide 12: Lynn Lake – Multiple Deposits – High Probability of New Discoveries

    Lynn Lake – Multiple Deposits – High Probability of New Discoveries Lynn Lake Intrusion Geology Interpretation PROVEN EXPLORATION UPSIDE 0 500m  Plus 20 defined deposits within the Mining Centre N A Plug  Average deposit 80m-120m strike and 30m-50m wide Tango  6 Deposits within current Resource –

  13. Slide 13: Lynn Lake – Exciting Discovery Potential in Region

    Lynn Lake – Exciting Discovery Potential in Region CONSOLIDATION OF PROSPECTIVE NICKEL GROUND  Modern exploration techniques and a new understanding for the formation of these deposits has identified multiple Lynn Lake style targets  Difficult terrain, targets are predominantly under cover  Geoph

  14. Slide 14: Fraser Lake Complex – Promising Exploration Play

    Fraser Lake Complex – Promising Exploration Play EXTENSIVE MAGMATIC SULPHIDES COINCIDENT WITH IP CHARGEABILITY HIGH  ~1.8km IP Chargeability anomaly coincident with multiple stacked sulphide-rich horizontal Hole #14 magmatic pulses/flows 56.1m @ 0.43% Ni & 0.21% Cu From 258m Hole #16 27m @ 0.37% Ni

  15. Slide 15: Lynn Lake - Summary

    Lynn Lake - Summary RIGHT COMMODITIES – PERFECT TIMING  Lynn Lake Nickel-Copper-Cobalt Sulphide Project  One of the best nickel exploration plays in North America  Underpinned by 116,800t nickel, 54,300t copper, 5,300t cobalt  Market support and sentiment for nickel sulphide projects is growing

  16. Slide 16: Mt Gilmore Project - Targeting “Battery Metals” in Australia

    Mt Gilmore Project - Targeting “Battery Metals” in Australia Mt Gilmore Copper-Cobalt-Gold Cobalt Ridge Prospect – Cobalt dominant sulphide deposit New giant copper-cobalt geochemical anomalies - exciting regional exploration focus 16

  17. Slide 17: Mt Gilmore – Regional High-Grade Cu in Soils Image

    Geology + Copper Mt Gilmore – Regional High-Grade Cu in Soils Image Mt Gilmore Grafton 17

  18. Slide 18: Mt Gilmore – Regional High-Grade Cu in Soils Image

    Geology + Copper 21.6 %Cu 361 ppmAg Mt Gilmore – Regional High-Grade Cu in Soils Image 0.17 g/t Au 0.64 %Cu 176 ppmCo 0.78 %Cu UNIQUE - EARLY STAGE - DISTRICT-SCALE 294 ppmMo 148 ppmCo 0.12 g/tAu EXPLORATION PLAY 10.75 %Cu 180 ppmCo 0.41 %Cu  Large geochemical anomalies indicative of 0.11 g/tAu 409

  19. Slide 19: Mt Gilmore Project - Cobalt Ridge Prospect

    Mt Gilmore Project - Cobalt Ridge Prospect MAIN LODE DEFINES POTENTIAL 32m @ 0.15% Co, 27m @ 0.47% 0.25% Cu Co, 0.15% Cu A Cobalt Ridge Main Lode Drilling B 5m @ 2.14% Co, 0.33% Cu Cobalt in Soils Image 19

  20. Slide 20: Mt Gilmore Project - Cobalt Ridge Prospect

    Mt Gilmore Project - Cobalt Ridge Prospect QUARTZ-TOURMALINE BRECCIAS UNTESTED POTENTIAL SPATIALLY ASSOCIATED WITH 8 %Co 2m @ 0.64 %Co, 1.66 COBALT-COPPER MINERALISATION (Historical Workings) %Cu, 0.13 g/tAu in Reconnaissance Drilling  Tourmaline is a common mineral within hydrothermal deposits – t

  21. Slide 21: Corazon – Way Forward

    Corazon – Way Forward RIGHT COMMODITIES – PERFECT TIMING  Lynn Lake Nickel-Copper-Cobalt Sulphide Project  One of the best nickel exploration plays in North America  Underpinned by 116,800t nickel, 54,300t copper, 5,300t cobalt  Market support and sentiment for nickel sulphide projects is growin

  22. Slide 22: Competent Person Statement

    Competent Person Statement The information in this report that relates to Exploration Results and Targets is based on information compiled by Mr. Brett Smith, B.Sc Hons (Geol), Member AusIMM, Member AIG and an employee of Corazon Mining Limited. Mr. Smith has sufficient experience that is relevant t

  23. Slide 23: Contact

    CONTACT Level 2, 38 Richardson Street, WEST PERTH WA 6008 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6142 6366 info@corazon.com.au www.corazon.com.au 1 23

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