Corazon Mining Limited · ASX:CZN
Corazon Mining — New World Metals Conference (September 2021)
26 slides from Corazon Mining's conference presentation, Sep 9, 2021
Slide 1: Conference Presentation: Nickel Copper Cobalt Exploration and Development
For personal use only Conference Presentation Nickel Copper Cobalt Exploration and Development 9 September 2021 | ASX: CZN
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
Slide 3: Corazon Mining Limited – At A Glance
Corazon Mining Limited – At A Glance For personal use only Overview Capital Structure – ASX:CZN Corazon is an ASX listed junior mineral exploration company Issued Shares 203m with projects in Canada and Australia. Quoted Options(1) 26.5m The Company’s target commodities include nickel, copper and Un
Slide 4: Corazon Mining Limited – Battery Metals Focus
Corazon Mining Limited – Battery Metals Focus PROJECT LOCATION BENEFITS OF 1ST WORLD JURISDICTIONS For personal use only Lynn Lake – 100% Nickel-Copper-Cobalt Prolific historical mining centre Large resources – drilled out and partially developed Redevelopment opportunity Exciting discovery
Slide 5: Lynn Lake Project
For personal use only LYNN LAKE PROJECT
Slide 6: Lynn Lake Project – Discovery and Development
Lynn Lake Project – Discovery and Development CRITICAL BATTERY METALS LOCATED WITHIN THE NORTH AMERICAN MARKET For personal use only Strong Forecast Demand for “Battery Metals” “President Biden's vast $2.25 trillion infrastructure New markets for nickel (Class 1), copper and cobalt are plan includes
Slide 7: Lynn Lake Nickel District
Lynn Lake Nickel District TWO-PRONGED STRATEGY – DEVELOPMENT AND EXPLORATION For personal use only Mine/Resource Area “A Plug” and “EL Plug” intrusions – Ralph Lake Lynn Lake more than 20 separate sulphide Complex Township “A Mine” deposits Modern mining and processing practices potentially deli
Slide 8: Lynn Lake Development Rationale
Lynn Lake Development Rationale OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT For personal use only 100% ownership of nickel sulphide mining centre Road Community and prospective exploration ground Not remote – exceptional infrastructure – significantly reduces start-up capital requiremen
Slide 9: A Significant Class-1 Nickel Resource
A Significant Class-1 Nickel Resource HIGH QUALITY RESOURCE – PARTIALLY DEVELOPED For personal use only Total Indicated + Inferred JORC Resources* for six deposits: 16.3Mt @ 0.72% Ni, 0.33% Cu, 0.033% Co for total contained 116,800t Ni, 54,300t Cu, 5,300t Co (0.5%Ni cut-off) Golf High-quality re
Slide 10: Additional Potential Within Mining Centre
Additional Potential Within Mining Centre EXPLORATION MAKING DISCOVERIES For personal use only Modern discoveries and multiple untested targets Corazon drilling within the Mining Centre identified high-grade mineralisation near surface, including at the A Deposit: Golf 37.8m @ 1.68% Ni & 0.67%
Slide 11: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS For personal use only Aeromagnetic Image (Source 1997 GeoTEM + 2021 MobileMT Survey) Exploration by Corazon identifies potential both within the Mining Centre and regionally within similar mafic plugs The regio
Slide 12: Fraser Lake Complex – Priority Exploration Target Within Region
Fraser Lake Complex – Priority Exploration Target Within Region For personal use only GEOLOGICAL UNDERSTANDING OF THE FLC IS STILL DEVELOPING MobileMT Total Magnetic Intensity Image Extensive magmatic sulphide in drilling Mineralised Matrix Trend – Best Results 88.5m @ 0.22% Ni & 0.11% Cu 56.1m @
Slide 13: Exciting Discovery Potential – Targets Defined Below Surface
Plan ~250m Exciting Discovery Potential – Targets Defined Below Surface For personal use only NEW CONDUCTIVE TREND – PROSPECTIVE FOR SULPHIDE DEPOSITS Fraser Lake Complex A FLC2021-24 B B 300 mRSL Northeast 200 mRSL Plunging 100 mRSL Conductive 0 mRSL Trend -100 mRSL -200 mRSL -300 mRSL FLC2021-24 C
Slide 14: Exciting Discovery Potential – Targets Defined Below Surface
Plan ~250m Exciting Discovery Potential – Targets Defined Below Surface For personal use only LARGE DHEM CONDUCTOR PLATES DEFINED Initial drill testing of MobileMT conductors intersected favourable host Fraser Lake rocks, magmatic sulphide mineralisation and identified new downhole Complex EM geop
Slide 15: Initial Drilling of MobileMT Conductors Completed
Initial Drilling of MobileMT Conductors Completed For personal use only DOWNHOLE EM CONDUCTORS DEFINE POSSIBLE SULPHIDE BODIES FOR DRILL TESTING OBLIQUE VIEW MobileMT Conductance Surface Plate 23A Plate 23A 161m x 29m 161m x 29m Plate 23B Plate 23B 287m x 84m 287m x 84m Plate 24D 96m x 54m Cross- Se
Slide 16: Initial Drilling of MobileMT Conductors Completed
Initial Drilling of MobileMT Conductors Completed For personal use only DOWNHOLE EM CONDUCTORS DEFINE POSSIBLE SULPHIDE BODIES FOR DRILL TESTING Poseidon Nickel Presentation – 15 July 2021 Surface Golden Swan is defined over ~ 200m down dip. DHEM Conductor Plate 170m X 60m Plate 23A 161m x 29m 200 m
Slide 17: Miriam Project
For personal use only MIRIAM PROJECT
Slide 18: Miriam Nickel Project – Western Australia
Miriam Nickel Project – Western Australia OPPORTUNITY TO EXPAND COMPANY’S NICKEL INVENTORY For personal use only Option to acquire 100% of Project – due diligence currently being finalised Discovered in 1969 – drilling identified a ‘high nickel tenor’ within komatiite hosted massive and dissemin
Slide 19: Mt Gilmore Project
For personal use only MT GILMORE PROJECT
Slide 20: Mt Gilmore – Large Copper Target in Soils
Geology + Copper Mt Gilmore – Large Copper Target in Soils Image For personal use only Mt Gilmore Grafton 20
Slide 21: Mt Gilmore – High Grade Copper in Soils
Geology + Copper 21.6 %Cu Mt21 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
Slide 22: Gordonbrook Hill Copper Anomaly in Soils
Geology + Copper 21.6 %Cu 22 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 %
Slide 23: 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
Slide 24: Corazon – Way Forward
Corazon – Way Forward RIGHT COMMODITIES – PERFECT TIMING For personal use only 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, 5,300
Slide 25: 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
Slide 26: 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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