Corazon Mining Limited · ASX:CZN

Corazon Mining — Investor Presentation (October 2017)

19 slides from Corazon Mining's investor presentation, Oct 9, 2017

1. Slide 1: Company Presentation

   For personal use only Company Presentation 8th October 2017 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

2. Slide 2: Important Notice

   Important Notice For personal use only Looking Forward 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

3. Slide 3: Corporate Overview

   Corporate Overview For personal use only ASX: CZN Shareholders Total Ordinary Shares on Issue 1,039m Top 20 Shareholders 36% Options on issue 145m Board and Management 3.1% Market Capitalisation ($0.023/share) $24m Hanking Australia Investments 11.5% Trading Range (1 year) $0.012-$0.059 Crescent Nom

4. Slide 4: Two Quality Projects – A Cobalt Focus

   Two Quality Projects – A Cobalt Focus For personal use only Lynn Lake Nickel-Copper-Cobalt  100% control of entire historical mining centre  Beneficial infrastructure and large remnant resources  Easy development opportunity  Exciting exploration potential  Recent drilling has discovered anothe

5. Slide 5: Why Cobalt?

   Why Cobalt? For personal use only COBALT - CRITICAL INGREDIENT FOR LITHIUM ION BATTERIES  Cobalt price driven by increased demand, or expectations of increased demand, from a growing rechargeable battery sector Demand Growth 100 kt +200 kt 2017 Forecast 2025  A significant deficit in supply is loo

6. Slide 6: Mt Gilmore Project

   For personal use only Mt Gilmore Project NSW

7. Slide 7: Mt Gilmore Project

   Mt Gilmore Project For personal use only NEW PROJECT FOR CORAZON  CZN acquired Mt Gilmore in July 2016  Earning up to 80% - currently CZN has 51% equity  $2M earn-in over 3 years (+1yr extension option)  Small periodic payments on milestones  All costs covered by CZN until decision to mine HIGH

8. Slide 8: District Scale Opportunity

   District Scale Opportunity For personal use only MT GILMORE TREND  Large hydrothermal alteration footprint  Extensive evidence of targeted models - tourmaline breccia hosted Cu-Au Felsic Mafic Intrusive Intrusive deposits, Cu-Au-Fe skarns and quartz-sulphide vein system (such as porphyry Cu-Au dep

9. Slide 9: Cobalt Ridge Prospect – Unique Opportunity

   Cobalt Ridge Prospect – Unique Opportunity For personal use only CZN’s 2016/2017 Drilling RARE COBALT DOMINANT SULPHIDE DEPOSIT Main Cobalt Lode - Significant Results  CZN’s drilling identifies excellent grade and high value Interval Dow n Hole Hole ID Co % Cu % Au g/t CuEq % From m To m Width (m)

10. Slide 10: Cobalt Ridge – Initial Metallurgical Testwork

    Cobalt Ridge – Initial Metallurgical Testwork For personal use only EARLY METALLURGICAL TESTWORK IS VERY PROMISING  Excellent recoveries from simple Flotation testwork on RC drill chips  Cobalt – 92.2%  Copper – 89.0%  Gold – 75.5%  Processing route likely to be simple, inexpensive, and tried a

11. Slide 11: Cobalt Ridge

    Cobalt Ridge For personal use only Cobalt Ridge MINERALISED EXTENTS REMAIN OPEN – POTENTIAL UNDEFINED Interpreted Geology  1000m x 500m window through cover into mineralised basement Basement  Entire basement outcrop anomalous in cobalt Cover  Multiple sulphidic lodes  Multiple phases of mineral

12. Slide 12: Cobalt Ridge – Drilling Underway

    Cobalt Ridge – Drilling Underway For personal use only Cobalt in Soils Geochemical Image Flintoff’s – Cobaltite Lodes Flintoff’s – Copper Dominant Lodes Cobalt Ridge – Cobaltite Lodes Cobalt Ridge – Copper Dominant Lodes 12

13. Slide 13: Exciting Work Program Underway

    Exciting Work Program Underway For personal use only DEFINE RESOURCE – SCOPE DEVELOPMENT OPPORTUNITY  Drilling underway at Cobalt Ridge, including:  Step-out and infill at Main Cobalt Lode – resource definition  Testing new trends – Flintoff’s, Glamorgan West and others  Additional metallurgical

14. Slide 14: Lynn Lake Project

    For personal use only Lynn Lake Project Canada

15. Slide 15: Sulphide Nickel

    Sulphide Nickel For personal use only EXPECTED INCREASE IN DEMAND FOR SULPHIDE NICKEL Metal Content for the Cathode of Rechargeable Batteries DRIVEN BY THE RECHARGEABLE BATTERY SECTOR  Sulphide Nickel value and quality differs from Laterite Nickel  Nickel long-term prices ‘bearish’ - based on Late

16. Slide 16: Lynn Lake Nickel-Copper-Cobalt Sulphide Project

    Lynn Lake Nickel-Copper-Cobalt Sulphide Project For personal use only PROLIFIC HISTORICAL MINING CENTRE  24 year mine production - ~1Mtpa – shutdown in 1976 Raglan  First time controlled by one company since mine closure Voiseys  Infrastructure beneficial for re-development Bay  Large remnant re

17. Slide 17: Lynn Lake – Enormous Untapped Potential

    Lynn Lake – Enormous Untapped Potential For personal use only EXCITING OPPORTUNITY FOR DISCOVERY Lynn Lake Geology  Extensive drill-defined mineralisation within Mine area A Plug  Regionally - numerous untested “look-alike” targets Township  FLC – 2017 discovery - large magmatic sulphide system 

18. Slide 18: Corazon - An Overview

    Corazon - An Overview For personal use only PROJECT QUALITY  Two exceptional projects with demonstrated prospectivity in key, demand-driven commodities  Both projects have the capacity for large economic mineral deposits  Current market analysis for Cobalt, Nickel and Copper – supports the Corazo

19. Slide 19: For personal use only

    For personal use only 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

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