Corazon Mining Limited · ASX:CZN
Corazon Mining — RIU Conference (September 2020)
22 slides from Corazon Mining's conference presentation, Sep 15, 2020
Slide 1: Building a Significant Nickel Sulphide Asset in Canada
For personal use only Building a Significant Nickel Sulphide Asset in Canada & Exploring a New Copper-Cobalt-Gold District in New South Wales September 2020 | 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 Projects Capital Structure – ASX:CZN Lynn Lake – Nickel-Copper-Cobalt Sulphide Issued Shares 3.25b • Manitoba, Canada Quoted Options(1) 529.6m • Advanced exploration/development project • Historical mine + prospective exploration ground Unli
Slide 4: Two Quality Projects – 2020 Headlines
Two Quality Projects – 2020 Headlines For personal use only LYNN LAKE – CANADA MT GILMORE – NEW SOUTH WALES Nickel-Copper-Cobalt Copper-Cobalt-Gold • Secured 100% Ownership of Prolific Nickel Mining • Priority Target Identified for Drilling - Within Centre and Prospective Exploration Ground Regional
Slide 5: Lynn Lake Project Background
Lynn Lake Project Background A PROLIFIC HISTORICAL NICKEL PRODUCING DISTRICT For personal use only Mine operated for 24 years until 1976 – producing 206,200t Nickel and 107,600t Copper Large high quality JORC 2012 Resource – with drill defined growth potential Excellent infrastructure – establ
Slide 6: Lynn Lake Strategy
Lynn Lake Strategy For personal use only CORAZON HAS A TWO-PRONGED STRATEGY FOR EXPLORATION AND DEVELOPMENT i) Mine Area • Expand near-surface JORC 2012 resource base at the Mining Centre to complement existing resources at depth • Seek cost and performance efficiencies in mining and processing prac
Slide 7: Significant Nickel Sulphide Asset
LEGEND Significant Nickel Sulphide Asset = Mafic Intrusion Outline = Nickel Copper Cobalt Sulphide Deposits For personal use only EXPLORATION AND DISCOVERY – SINCE 2010 = Drill Defined Volcanogenic Massive Sulphide Deposit (Zn, Cu, Pb, Au) Corazon has consolidated 100% ownership of the entire Lynn
Slide 8: Lynn Lake: Brown-Fields Exploration and Development Focus
Lynn Lake: ‘Brown-Fields’ Exploration and Development Focus For personal use only HISTORIC UNDERGROUND MINING CENTRE 0 500m N Potential for near surface mineralisation – extensions from past underground mining operations A Shaft A Plug Golf 2019/2020 drilling has delivered exceptional results Depo
Slide 9: Lynn Lake Mining Centre: Multiple Deposits – Existing Resources & Expansion Potential
Lynn Lake Mining Centre: For personal use only Multiple Deposits – Existing Resources & Expansion Potential South Western Areas Discovery Drilling Target North 2019/2020 18m @ 1.5% Ni, 0.70% Cu 4 km Disco Resource 77kt @ 0.71%Ni, C B A ‘EL’ Resource 0.41%Cu E 2.4Mt @ 0.94%Ni, 0.32%Cu ‘O’ Resource 6.
Slide 10: Exciting Discovery Potential Within Lynn Lake Region
Exciting Discovery Potential Within Lynn Lake Region For personal use only MODERN EXPLORATION TECHNIQUES TESTING FOR CONCEALED DEPOSITS RALPH LAKE Mining Centre – A Plug Early 1940’s discovery Historical Mine 1941 discovery Area sulphide in outcrop Massive sulphide in 1947 drilling outcrop N
Slide 11: Exciting Discovery Potential Within Lynn Lake Region
Exciting Discovery Potential Within Lynn Lake Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS Lynn Lake has extensive lake, glacial sand and swamp (muskeg) cover Geophysics is a critical component for exploration Electromagnetics (EM) - typically the best method
Slide 12: Exciting Discovery Potential Within Region
LEGEND Exciting Discovery Potential Within Region = Mafic Intrusion Outline For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS = Ni-Cu-Co Sulphide Deposits = Drill Defined Volcanogenic Massive Sulphide Deposit (Zn, Cu, Pb, Au) Recently completed, new innovative geophysical met
Slide 13: Exciting Discovery Potential Within Region
LEGEND Exciting Discovery Potential Within Region = Mafic Intrusion Outline For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS = Ni-Cu-Co Sulphide Deposits = Drill Defined Volcanogenic Massive Sulphide Deposit (Zn, Cu, Pb, Au) New innovative geophysical method (Mobile MT) just
Slide 14: Lynn Lake Project – Next Steps
Lynn 14 Lake Project – Next Steps For personal use only Drilling Drilling equipment remains at Lynn Lake – enables a quick re-start of operations Resource Area Continue targeting near-surface resource expansion The recent procurement of data for the first 155 surface holes drilled into the
Slide 15: 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 Cobalt Ridge Prospect – Cobalt dominant sulphide deposit New giant copper-cobalt geochemical anomalies - exciting regional exploration focus 15
Slide 16: Mt Gilmore – Large Copper Target in Soils
Geology + Copper Mt Gilmore – Large Copper Target in Soils Image For personal use only Mt Gilmore Grafton 16
Slide 17: Mt Gilmore – High Grade Copper in Soils
Geology + Copper 21.6 %Cu Mt17 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 18: Mt Gilmore – Intrusive Related Cu-Au Target in Soils
Geology + Copper 21.6 %Cu Mt18 Gilmore – Intrusive Related Cu-Au Target 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
Slide 19: 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 20: 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
Slide 21: 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 22: Contact
For personal use only CONTACT Level 3, 33 Ord St, WEST PERTH WA 6005 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6364 0518 info@corazon.com.au www.corazon.com.au