Corazon Mining Limited · ASX:CZN
Corazon Mining — Investor Presentation (January 2020)
25 slides from Corazon Mining's investor presentation, Jan 22, 2020
Slide 1: Lynn Lake Project Presentation
For personal use only Lynn Lake Project Presentation 22 January 2020 LEVEL 3, 33 Ord 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 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 2.04b • Manitoba – Canada Quoted Options(1) 188m • Advanced Exploration/Development Project • Historical Mine + Prospective Exploration Ground Marke
Slide 4: Two Quality Projects – Key Demand Driven Commodities
Two Quality Projects – Key Demand Driven Commodities For personal use only 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 Explorat
Slide 5: The Nickel Market – Continued Growth Expected
The Nickel Market – Continued Growth Expected For personal use only Nickel continues to record a stronger growth rate than major industrial metals peers 5
Slide 6: The Nickel Market – Continued Growth Expected
The Nickel Market – Continued Growth Expected For personal use only WHAT THE EXPERTS ARE SAYING Demand for nickel to continue to outpace supply with strong growth expected in the Stainless-Steel Sector Anticipated decrease in nickel production from Nickel Pig Iron (NPI) in China, due to Indonesi
Slide 7: Corazon – Building a Quality Nickel Sulphide Asset in Canada
Corazon – Building a Quality Nickel Sulphide Asset in Canada For personal use only SINCE 2010 – EXPLORATION AND DISCOVERY GOOD RESULTS FROM RECENT DRILLING Consolidated the historical Mining Centre ASX announcement 21st January 2020 Exploration success with two discoveries From Interval Prospe
Slide 8: Lynn Lake – The Advantages
Lynn Lake – The Advantages For personal use only 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 8
Slide 9: Corazon Controls All Prospective Nickel Sulphide Host Intrusions
Corazon Controls All Prospective Nickel Sulphide Host Intrusions For personal use only 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 roc
Slide 10: Lynn Lake – Nickel Endowment
Lynn Lake – Nickel Endowment For personal use only 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 Res
Slide 11: Lynn Lake – Comparison with Australian Ni Sulphide Resource Areas
Lynn Lake – Comparison with Australian Ni Sulphide Resource Areas For personal use only 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 refer
Slide 12: Disseminated Sulphide Deposits to Attract Increasing Interest
Disseminated Sulphide Deposits to Attract Increasing Interest For personal use only 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 grow
Slide 13: Recent Low Nickel Prices = Little Exploration & Development Incentive
Recent Low Nickel Prices = Little Exploration & Development Incentive For personal use only INDUSTRY ACCEPTED “INCENTIVE PRICE” FOR THE DEVELOPMENT OF NEW NICKEL PROJECTS IS GREATER THAN THE CURRENT NICKEL PRICE Current Nickel Spot Price not supporting project development Cost minimization is cr
Slide 14: Current Studies Seeking Mining and Processing Efficiencies
Current Studies Seeking Mining and Processing Efficiencies For personal use only 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 pr
Slide 15: ‘Game-Changing’ Metallurgical Results – Improvements Expected
‘Game-Changing’ Metallurgical Results – Improvements Expected For personal use only 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 & 12
Slide 16: Mining Studies Defining Optimal Mining Methods and Cost Reduction
Mining Studies Defining Optimal Mining Methods and Cost Reduction For personal use only South Target - December North 2019 Drilling 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
Slide 17: Lynn Lake Mining Centre – High Probability for New Discoveries
Lynn Lake Mining Centre – High Probability for New Discoveries For personal use only 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 with
Slide 18: Lynn Lake Mining Centre – Recent Drilling Results
Lynn Lake Mining Centre – Recent Drilling Results For personal use only 18
Slide 19: Lynn Lake – Exciting Discovery Potential in Region
Lynn Lake – Exciting Discovery Potential in Region For personal use only 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 predominant
Slide 20: Lynn Lake – Exciting Discovery Potential in Region
Lynn Lake – Exciting Discovery Potential in Region For personal use only 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 predominant
Slide 21: Fraser Lake Complex – Extensive Nickel Sulphide Mineralisation
Fraser Lake Complex – Extensive Nickel Sulphide Mineralisation For personal use only 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
Slide 22: Lynn Lake - Summary
Lynn Lake - Summary 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 116,800t nickel, 54,300t copper, 5,300t cobalt Market support and sentiment for nickel sulphid
Slide 23: 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 24: Supporting Data for Comparison with Australian Ni Sulphide Deposits
Supporting Data for Comparison with Australian Ni Sulphide Deposits For personal use only 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 M
Slide 25: Contact
For personal use only CONTACT Level 3, 33 Ord 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 25
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