Corazon Mining Limited · ASX:CZN

Corazon Mining — Technical Presentation (February 2019)

17 slides from Corazon Mining's technical presentation, Feb 7, 2019

1. Slide 1: Mt Gilmore Project Technical Presentation

   7th February 2019 Mt Gilmore Project New South Wales Technical Presentation District Scale Copper-Cobalt-Silver-Gold Anomaly LEVEL 1, 329 HAY ST, SUBIACO WA 6008 | PO BOX 8187, SUBIACO EAST WA 6008 | +61(8) 6142 6366 | INFO@CORAZON.COM.AU | WWW.CORAZON.COM.AU 1 1

2. Slide 2: 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

3. Slide 3: Corazon - Two Quality Projects

   Corazon - Two Quality Projects Lynn Lake Nickel-Copper-Cobalt Old Mining Centre Large JORC Resource Base Redevelopment Opportunity Exciting Ni Sulphide Exploration Play Mt Gilmore Cobalt-Copper-Gold Newly Recognised Area Large District Scale Target Cobalt Dominant Sulphide Mineralisation 3

4. Slide 4: Mt Gilmore Project – Overview

   Mt Gilmore Project – Overview LOCATION, OWNERSHIP & TENURE PROJECT HISTORY North-eastern NSW - 35km northwest from the Numerous 1800’s/1900’s historic copper, gold & iron city of Grafton workings, including significant shafts, adits & drives Excellent access throughout Project Limited piecemeal mode

5. Slide 5: Mt Gilmore Project – Point of Difference – Sulphide Cobalt

   Mt Gilmore Project – Point of Difference – Sulphide Cobalt THE COBALT RIDGE PROSPECT  ‘First World’ location +90% of metal captured in <10% of the mass feed  Cobalt dominant sulphide mineralisation via simple flotation  Simple, low capital processing options processing (1)  Quality products gene

6. Slide 6: Mt Gilmore Project – Recent Results

   Mt Gilmore Project – Recent Results NEW TARGETS – NEW MODEL  Discovery of a new “district scale” geochemical anomaly  Compelling indicators for “Intrusive Related” and “Replacement” style Copper-Gold Deposit models  Existing analogies in the New England Orogen for the style of mineralisation iden

7. Slide 7: Mt Gilmore Project – Recent Results

   Mt Gilmore Project – Recent Results FAVOURABLE GEOLOGICAL SETTING  Basement = hydrothermally altered basaltic and volcano-sedimentary rocks  Hydrothermal event possibly associated with a mafic intrusive suite (gabbro – diorite – quartz diorite – tonalite – granodiorite with porphyry apophyses)  G

8. Slide 8: Mt Gilmore Project – Recent Results

   21.6 %Cu 361 ppmAg Mt Gilmore Project – Recent Results 0.17 g/t Au 0.64 %Cu 176 ppmCo 0.78 %Cu GEOCHEMICAL ANOMALIES UNDERPINNED 294 ppmMo 148 ppmCo 0.12 g/tAu BY HIGH-TENOR ROCK SAMPLES 10.75 %Cu 180 ppmCo 0.41 %Cu  The recognition that numerous late-1800’s early- 0.11 g/tAu 409 ppmCo 1900’s small

9. Slide 9: Mt Gilmore Exploration – Several Substantial Priority Anomalies

   Mt Gilmore Exploration – Several Substantial Priority Anomalies INITIAL FOCUS A LARGE AREA – MULTIPLE TARGETS  May Queen to Gordonbrook Hill area to become a major focus for exploration  Geophysics critical to defining targets for follow-up drilling  Source(s) of anomalism expected to be conceale

10. Slide 10: Mt Gilmore Trend – Strong Multi-Element Association

    Mt Gilmore Trend – Strong Multi-Element Association COPPER COBALT SILVER Soil Sampling Result Images Geochemical images generated from a dataset only containing ME-MS61 assays, subset on a 200m x 200m grid with image using a north-eastern sun-angle 10 Cobalt data is further subset to exclude soils p

11. Slide 11: Mt Gilmore Trend – Strong Multi-Element Association

    Mt Gilmore Trend – Strong Multi-Element Association COPPER MOLYBDENUM CU/ZN RATIO Soil Sampling Result Images Geochemical images generated from a dataset only containing ME-MS61 assays, subset on a 200m x 200m grid with image using a north-eastern sun-angle 11 Cobalt data is further subset to exclud

12. Slide 12: Mt Gilmore Project Vs Cobalt Ridge Prospect

    Mt Gilmore Project Vs Cobalt Ridge Prospect COBALT RIDGE DISTAL TO MAIN GEOCHEMICAL ANOMALIES  Cobalt Ridge Deposit is ~8 km south of the main May Queen to Gordonbrook Hill geochemical anomaly Gordonbrook Hill Target Area  Geochemical signature of Cobalt Ridge supports a distal environment within

13. Slide 13: Mt Gilmore Project - Cobalt Ridge Prospect

    Mt Gilmore Project - Cobalt Ridge Prospect QUARTZ-TOURMALINE BRECCIAS NUMEROUS AREAS YET TO BE TESTED IN THE SPATIALLY ASSOCIATED WITH COBALT RIDGE AREA COBALT-COPPER MINERALISATION 8 %Co 2m @ 0.64 %Co, 1.66 (Historical Workings) %Cu, 0.13 g/tAu  Tourmaline is a common mineral within in Reconnaissa

14. Slide 14: Cobalt Ridge – Concealed Geophysical Targets

    Cobalt Ridge – Concealed Geophysical Targets Plan High Cobalt in Soils Image Chargeability Anomalies Granite Cobalt Ridge Contact Drilling 3D-IP Chargeability Images High Chargeability Intrusive Body? Oblique View 14

15. Slide 15: Mt Gilmore Project – Summary

    Mt Gilmore Project – Summary UNIQUE, EARLY STAGE, DISTRICT-SCALE EXPLORATION PLAY  Surface mineralisation supports evidence of a large hydrothermal system at Mt Gilmore  Indicative of “Intrusive Related” or “Replacement” style of deposits  The size of the geochemical anomalies are substantive  T

16. Slide 16: 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

17. Slide 17: Contact

    CONTACT Level 1, 329 Hay St, SUBIACO WA 6008 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6142 6366 info@corazon.com.au www.corazon.com.au 1 17

Corazon Mining — Technical Presentation (February 2019) on 6ix