Corazon Mining Limited · ASX:CZN

Corazon Mining — RIU Explorers Conference 2021

23 slides from Corazon Mining's conference presentation, Feb 17, 2021

1. Slide 1: Building a Significant Nickel Sulphide Asset in Canada

   For personal use only Building a Significant Nickel Sulphide Asset in Canada 16-18 February 2021 | ASX: CZN

2. Slide 2: Forward Looking Statement

   Forward Looking Statement For personal use only 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

3. Slide 3: Corazon Mining Limited – At A Glance

   Corazon Mining Limited – At A Glance For personal use only Projects Capital Structure – ASX:CZN Lynn Lake – Nickel-Copper-Cobalt Sulphide Issued Shares 162.7m • Manitoba, Canada Quoted Options(1) 26.5m • Advanced exploration/development project • Historical mine + prospective exploration ground Unli

4. Slide 4: Two Quality Opportunities

   Two Quality Opportunities For personal use only LYNN LAKE – CANADA MT GILMORE – NEW SOUTH WALES Nickel-Copper-Cobalt Copper-Cobalt-Gold • 100% ownership of prolific nickel Mining Centre and prospective exploration ground • New regionally substantive copper trend (+20km strike) • Large JORC Resources

5. Slide 5: The New World – Stored Renewable Energy

   The New World – Stored Renewable Energy DEMAND FOR BATTERY METALS FORECAST TO SURGE OVER THE NEXT DECADE For personal use only  Battery power sources and battery storage will be integral to Global Annual Forecast optimising the efficiency of Renewable Energy Electric Vehicle Sales  Global producti

6. Slide 6: Lynn Lake Project

   Lynn Lake Project OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT For personal use only  100% ownership of nickel sulphide mining centre Road Community and prospective exploration ground  Large JORC resource base – mostly drilled-out to pre-mining stage – with growth potential – 116,800t Nick

7. Slide 7: New Markets Exist for a Lynn Lake Product

   New Markets Exist for a Lynn Lake Product For personal use only EXTENSIVE RAIL, ROAD AND SEA TRANSPORT NETWORK  Historically, Lynn Lake concentrate was railed to Sherritt’s Fort Saskatchewan (now a HPAL facility) in Alberta – many more transport options are now available PORT OF CHURCHILL Glencore

8. Slide 8: Lynn Lake Project Strategy

   Lynn Lake Project Strategy CORAZON HAS A TWO-PRONGED EXPLORATION AND DEVELOPMENT For personal use only STRATEGY 1. Mine Area Ralph Lake Lynn Lake • Expand near-surface JORC Complex Township “A Mine” 2012 resource base at the Mining Centre to complement existing resources at depth • Seek cost and per

9. Slide 9: Significant Nickel Sulphide Asset

   Significant Nickel Sulphide Asset For personal use only DEVELOPMENT OPPORTUNITY  Historical production from two mafic intrusions  A Plug - 18Mt @ 0.88% Ni + 0.47%Cu  EL Plug - 1.9Mt @ 2.4% Ni + 1.15% Cu Golf  Total Indicated + Inferred JORC Resources* for six deposits: Disco 16.3Mt @ 0.72% Ni, 0

10. Slide 10: Exciting Discovery Potential Within Region

    Exciting Discovery Potential Within Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS Aeromagnetic Image (Source 1997 GeoTEM + 2021 MobileMT Survey)  Exploration drilling by Corazon identifies potential both within the Mining Centre and regionally within similar mafic p

11. Slide 11: New Intrusive Model for the Fraser Lake Complex

    Exciting Discovery Potential Within Region For personal use only NEW INTRUSIVE MODEL FOR THE FRASER LAKE COMPLEX MobileMT Total Magnetic Intensity Image  The area west of the FLC portrays a complex interconnection of mafic and ultramafic intrusive bodies, underlain by deep crustal-tapping structure

12. Slide 12: New Conductor Targets Identified for Drill Testing

    Exciting Discovery Potential Within Region For personal use only NEW CONDUCTOR TARGETS IDENTIFIED FOR DRILL TESTING Mobile MT Resistivity/Conductance Image Plan at ~250m Below Surface  The innovative MobileMT geophysical method has identified new conductors – targets of interest are Matrix Trend de

13. Slide 13: New Conductor Targets Identified for Drill Testing

    PLAN Exciting Discovery Potential Within Region For personal use only NEW CONDUCTOR TARGETS IDENTIFIED FOR DRILL TESTING Fraser Lake FLC2021-24 Complex A B 300 mRSL B 200 mRSL 100 mRSL 0 mRSL -100 mRSL -200 mRSL -300 mRSL FLC2021-24 CROSS-SECTION A Cross-Section looking southwest. Stacked tilted 100

14. Slide 14: New Conductor Targets Identified for Drill Testing

    Exciting Discovery Potential Within Region For personal use only NEW CONDUCTOR TARGETS IDENTIFIED FOR DRILL TESTING Image ~250m Image ~350m  The new South Pipe Conductor Below Surface Below Surface is traced over a 750m vertical depth – remaining open at depth Fraser Lake Fraser Lake  The “target

15. Slide 15: Corazon – Way Forward

    Corazon – Way Forward For personal use only RIGHT COMMODITIES – PERFECT TIMING  Lynn Lake Nickel-Copper-Cobalt Sulphide Project  One of the best nickel exploration plays in North America  Underpinned by significant Resource with additional expansion potential: 116,800t nickel, 54,300t copper, 5,3

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

    Mt Gilmore Project - Targeting “Battery Metals” in Australia For personal use only Mt Gilmore Copper-Cobalt-Gold • Giant copper-cobalt-silver-gold geochemical anomalies – yet to be drill tested • Porphyry Copper potential confirmed – main exploration focus • Cobalt Ridge Prospect – cobalt dominant s

17. Slide 17: Mt Gilmore – Large Copper Target in Soils

    Geology + Copper Mt Gilmore – Large Copper Target in Soils Image For personal use only Mt Gilmore Grafton 17

18. Slide 18: Mt Gilmore – High Grade Copper in Soils

    Geology + Copper 21.6 %Cu Mt18 Gilmore – High Grade Copper in Soils Image 361 ppmAg For personal use only 0.17 g/t Au UNIQUE – EARLY STAGE – DISTRICT SCALE – 0.64 %Cu 176 ppmCo 0.78 %Cu EXPLORATION PLAY 294 ppmMo 148 ppmCo 0.12 g/tAu  Large geochemical anomalies indicative of 10.75 %Cu hydrothermal

19. Slide 19: Gordonbrook Hill Copper Anomaly in Soils

    Geology + Copper 21.6 %Cu 19 Gordonbrook Hill Copper Anomaly in Soils Image 361 ppmAg For personal use only 0.17 g/t Au 0.64 %Cu 176 ppmCo 0.78 %Cu 294 ppmMo 148 ppmCo 0.12 g/tAu 10.75 %Cu 180 ppmCo 0.41 %Cu IP Line 466600E 0.11 g/tAu 409 ppmCo 74.7 ppmAg 0.82 g/tAu 0.52 %Zn 0.35 %Zn 5.04 %Cu 7.35 %

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

    Mt Gilmore Project - Cobalt Ridge Prospect For personal use only LARGE AREA IDENTIFIED PROSPECTIVE FOR RESOURCE HIGH GRADE COBALT + COPPER + GOLD DEFINITION WORK 8 %Co 2m @ 0.64 %Co, 1.66  Only the Cobalt Ridge Main Lode (Historical Workings) %Cu, 0.13 g/tAu has been effectively drill tested in Rec

21. Slide 21: Corazon – Way Forward

    Corazon – Way Forward For personal use only RIGHT COMMODITIES – PERFECT TIMING  Lynn Lake Nickel-Copper-Cobalt Sulphide Project  One of the best nickel exploration plays in North America  Underpinned by significant Resource with additional expansion potential: 116,800t nickel, 54,300t copper, 5,3

22. Slide 22: Competent Person Statement

    Competent Person Statement For personal use only 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 experie

23. Slide 23: Contact

    For personal use only CONTACT Level 3, 33 Ord St, WEST PERTH WA 6005 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6166 6361 info@corazon.com.au www.corazon.com.au FOLLOW US LinkedIn: https://www.linkedin.com/in/corazon-mining-limited Twitter: https://twitter.com/corazonmining

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