Slide 1: Investor Presentation
For personal use only Investor Presentation Exploration and Development Nickel | Copper |Cobalt 5 April 2022
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
For personal use only CORAZON MINING LIMITED A stable and driven Company with market support that has built a quality nickel sulphide project in a very challenging market Right commodities – perfect timing Well funded exploration and resource Global Nickel Supply Capacity and Demand (1) development
Slide 4: Corazon Mining Limited – At a Glance
For personal use only CORAZON MINING LIMITED – AT A GLANCE $0.060 Capital Structure – ASX:CZN Volume CZN A$ Share Price 14,000,000 12,000,000 $0.050 Issued Shares 356m $0.040 10,000,000 8,000,000 $0.030 Quoted Options (1) 26.5m $0.020 6,000,000 4,000,000 Unlisted Options/Rights (1) 20.2m $0.010 2,00
Slide 5: CZN Entitlement Offer
CZN ENTITLEMENT OFFER For personal use only Event Date Last day to extend the Closing Date 6 April 2022 Closing Date* (5:00pm WST) 11 April 2022 Securities quoted on a deferred settlement basis 12 April 2022 ASX notified of under subscriptions 14 April 2022 Issue date and lodgement of Appendix 2A wi
Slide 6: Corazon Mining Limited - Battery Metals Focus
For personal use only CORAZON MINING LIMITED - BATTERY METALS FOCUS PROJECT LOCATION BENEFITS OF 1ST WORLD JURISDICTIONS LYNN LAKE – 100% NICKEL-COPPER-COBALT • Prolific historical producing area • Large JORC resources - +80% Indicated/Measured • Redevelopment opportunity • Exciting discovery potent
Slide 7: Nickel-Copper-Cobalt
For personal use only Nickel-Copper-Cobalt
Slide 8: Lynn Lake Project Location and Infrastructure
LYNN LAKE PROJECT LOCATION AND INFRASTRUCTURE For personal use only Community Support Services Hydro-Power Station Rail 8
Slide 9: Prolific Historical Producer
For personal use only PROLIFIC HISTORICAL PRODUCER Farley Shaft A Shaft Produced 206,200t Ni and 107,600t Cu • More than 20 separate deposits • A Plug – 18Mt @ 0.88% Ni + 0.47% Cu • EL Plug – 1.9Mt @ 2.4% Ni + 1.15% Cu Lynn Lake Townsite and Mining Centre 1972 1Mtpa underground operation • Labour in
Slide 10: Geologically Unique Within the Region
For personal use only GEOLOGICALLY UNIQUE WITHIN THE REGION 10 * JORC Resource Estimate at 0.5% Ni Base Cut - Published 25th October 2021
Slide 11: New Mining Studies to Optimise Modern Practices
For personal use only NEW MINING STUDIES TO OPTIMISE MODERN PRACTICES Current focus on: Geotechnical models that will support increasing stope/void sizes and reducing development costs Optimising mining and material handling practices and integrating project areas within the Mining Centre Improving
Slide 12: Fraser Lake Complex – Exploration Focus
For personal use only FRASER LAKE COMPLEX – EXPLORATION FOCUS Fraser Lake Complex – 2021 MobileMT Magnetic Inversion Plan Lynn Lake Aeromagnetic Image – Source 1997 GeoTEM + 2021 MobileMT Survey 12
Slide 13: Fraser Lake Complex – Exploration Focus
FRASER LAKE COMPLEX – EXPLORATION FOCUS For personal use only “Pipe-Like” Gravity Highs A fertile but difficult exploration scenario Electromagnetics (EM) has not been effective • The FLC is polluted with magmatic (Ni-Cu-Co) sulphide and barren sulphidic sedimentary xenoliths • Conductive surface ma
Slide 14: Fraser Lake Complex – Exploration Focus
For personal use only FRASER LAKE COMPLEX – EXPLORATION FOCUS A A’ Gravity Inversion Long-Section A A’ Magnetic Susceptibility Inversion Long Section 14
Slide 15: Fraser Lake Complex – Compelling Drill Targets
FRASER LAKE COMPLEX – COMPELLING DRILL TARGETS For personal use only Multiple new untested targets “Fingers” of dense magnetic bodies extending upwards from the core of the FLC Anomalism is highlighted Matrix Tend by the Matrix Trend – a IP Chargeability High mineralised magma channel Nickel tenor o
Slide 16: Fraser Lake Complex – Drilling Imminent
FRASER LAKE COMPLEX – DRILLING IMMINENT For personal use only VTEM Tau Conductor Substantial pipe-like body Aerial EM (VTEM) conductor at surface in the centre of the pipe Matrix Tend Gravity Inversion Level Contours Hole designed to intersect IP Chargeability High the surface conductor and the core
Slide 17: Nickel–Copper
For personal use only Nickel–Copper
Slide 18: Miriam Nickel Project – Western Australia
For personal use only MIRIAM NICKEL PROJECT – WESTERN AUSTRALIA Option exercised to acquire 100% of Project Discovered in 1969 – drilling identified a ‘high nickel tenor’ within komatiite hosted massive and disseminated sulphide Multiple ultramafic channel horizons – a 2.5 km strike Miriam includes
Slide 19: Miriam Nickel Project – Western Australia
For personal use only MIRIAM NICKEL PROJECT – WESTERN AUSTRALIA Extensive cover with +80m of weathering Projects fertility expressed with extensive disseminated sulphide in shallow drilling along the Miriam Trend Historical (low-powered) geophysical surveys were effective in identifying the Miriam D
Slide 20: Copper–Cobalt–Gold–Silver
For personal use only Copper–Cobalt–Gold–Silver
Slide 21: Mt Gilmore Geology and Copper in Soils
Geology + Copper 21.6 %Cu in Soils Image 361 ppmAg 0.64 %Cu For personal use only MT GILMORE 176 ppmCo 0.17 g/t Au 294 ppmMo 0.78 %Cu 148 ppmCo 10.75 %Cu 0.12 g/tAu 180 ppmCo + 20Km Strike 0.11 g/tAu 74.7 ppmAg 0.41 %Cu Multiple high-grade rock assays 409 ppmCo 0.52 %Zn High cobalt content 0.82 g/tA
Slide 22: Mt Gilmore Project – Cobalt Ridge Prospect
For personal use only MT GILMORE PROJECT – COBALT RIDGE PROSPECT HIGH GRADE COBALT + COPPER + GOLD 8% Co 2m @ 0.64% Co, Only the Cobalt Ridge Main Lode has (Historical Workings) 1.66% Cu, 0.13g/t Au been effectively drill tested in Reconnaissance Drilling Quartz-tourmaline breccias spatially associa
Slide 23: Investment Highlights
For personal use only INVESTMENT HIGHLIGHTS Corazon is an ASX listed mineral exploration company focussed on the exploration and development of strategically critical battery metals nickel, copper and cobalt. 100% ownership of the historical nickel-copper-cobalt Lynn Lake mining centre in the provin
Slide 24: For further information, please contact
For personal use only For further information, please contact: Brett S. Smith Managing Director Corazon Mining Limited Telephone: +61 8 6166 6361 Email: info@corazon.com.au Website: corazon.com.au