Corazon Mining Limited · ASX:CZN
Corazon Mining — The New World Metals Conference 2019
27 slides from Corazon Mining's conference presentation, Dec 11, 2019
Slide 1: ASX Announcement
ASX: CZN ANNOUNCEMENT 11 December 2019 Company Announcements Office Australian Securities Exchange Limited Electronic Lodgement System Dear Sir/Madam Corazon Mining Limited – ASX announcement Corazon Mining Limited lodges the following announcement: Company Presentation – The New World Metals Conf
Slide 2: Company Presentation
Company Presentation 11-12 December 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
Slide 3: 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
Slide 4: 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
Slide 5: Two Quality Projects – Key Demand Driven Commodities
Two Quality Projects – Key Demand Driven Commodities Lynn Lake – Priority Focus for CZN Nickel-Copper-Cobalt Old Mining Centre Large JORC Resource Base Redevelopment Opportunity Exciting Ni Sulphide Exploration Play Mt Gilmore Copper-Cobalt-Gold Generating a Compelling Exploration Play A Newly Recog
Slide 6: Corazon – Building a Quality Nickel Sulphide Asset in Canada
Corazon – Building a Quality Nickel Sulphide Asset in Canada SINCE 2010 – EXPLORATION AND DISCOVERY Consolidated the historical Mining Centre Exploration success with two discoveries JORC Resources for six separate deposits RECENT ACTIVITY – A FOCUS ON MINING Appointment of Mr Terry Streeter
Slide 7: Lynn Lake – Comparison with Australian Ni Sulphide Resource Areas
Lynn Lake – Comparison with Australian Ni Sulphide Resource Areas Lynn Lake ranks as a substantial project when matched against Australian nickel sulphide resource areas 116,800t Ni (80% Indicated Category) 54,300t Cu 5,300t Co IMPORTANT INFORMATION 1. Supporting data and references for these publis
Slide 8: 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 7
Slide 9: Corazon Controls All Prospective Nickel Sulphide Host Intrusions
Corazon Controls All Prospective Nickel Sulphide Host Intrusions GEOLOGICALLY UNIQUE WITH GREENSTONE BELT Historical Mine Area Multiphase intrusive mafic-ultramafic igneous “plugs” Extreme crustal contamination of plugs indicates: Interaction of the magma with country rocks + assimilation of p
Slide 10: 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
Slide 11: Disseminated Sulphide Deposits to Attract Increasing Interest
Disseminated Sulphide Deposits to Attract Increasing Interest Published Resources Tonnes Nickel (kt) SUPPLY OF CLASS 1 NICKEL CRITICAL TO GROWTH IN RECHARGEABLE BATTERY SECTOR = Intrusive (Igneous) Mafic/Ultramafic Magmatic Sulphide Deposits – Similar to Lynn Lake Supply growth from laterite proje
Slide 12: Mining Studies Defining Optimal Mining Methods and Cost Reduction
Mining Studies Defining Optimal Mining Methods and Cost Reduction 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
Slide 13: Current Studies Seeking Mining and Processing Efficiencies
Current Studies Seeking Mining and Processing Efficiencies THREE CRITICAL AREAS OF ACTIVITY AT LYNN LAKE Preliminary Mining Study Mining studies will define optimal mining methods for 2016 & 2019 OpEx and CapEx cost minimisation Processing studies are defining: Optimal processing route and dow
Slide 14: 'Game-Changing' Metallurgical Results – Improvements Expected
‘Game-Changing’ Metallurgical Results – Improvements Expected 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% Nicke
Slide 15: Lynn Lake Mining Centre – High Probability for New Discoveries
Lynn Lake Mining Centre – High Probability for New Discoveries Lynn Lake Intrusions Geological 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 –
Slide 16: 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
Slide 17: Fraser Lake Complex – Extensive Nickel Sulphide Mineralisation
Fraser Lake Complex – Extensive Nickel Sulphide Mineralisation MATRIX IP ANOMALY – 1ST TARGET TESTED OUTSIDE THE MINING CENTRE ~1.8km IP Chargeability anomaly coincident with multiple stacked horizontal sulphide-rich Hole #14 magmatic pulses/flows 56.1m @ 0.43% Ni & 0.21% Cu from 258m, including 2
Slide 18: 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
Slide 19: 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 18
Slide 20: Mt Gilmore – Regional High-Grade Cu in Soils Image
Geology + Copper Mt Gilmore – Regional High-Grade Cu in Soils Image Mt Gilmore Grafton 19
Slide 21: 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
Slide 22: 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 21
Slide 23: 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
Slide 24: 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
Slide 25: 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
Slide 26: Supporting Data for Comparison with Australian Ni Sulphide Deposits
Supporting Data for Comparison with Australian Ni Sulphide Deposits Resource Company Date of Data Measured Indicated Inferred Project Project Status References Sources '000 '000 '000 Name Code Ni% Cu% Co% Ni% Cu% Co% Ni% Cu% Co% Tonnes Tonnes Tonnes Yakabindi BHP Billiton BHP Mine Development BHP An
Slide 27: 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 26
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