Slide 1: Building a Significant Nickel Sulphide Asset in Canada
For personal use only Building a Significant Nickel Sulphide Asset in Canada 4-6 May 2021 | 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 203m • Manitoba, Canada Quoted Options(1) 26.5m • Advanced exploration/development project • Historical mine + prospective exploration ground Unlist
Slide 4: Two Quality Opportunities
Two Quality Opportunities For personal use only LYNN LAKE – CANADA MT GILMORE – NEW SOUTH WALES Nickel-Copper-Cobalt Copper-Cobalt-Gold • 100% ownership of prolific nickel Mining Centre and prospective exploration ground • New regionally substantive copper trend (+20km strike) • Large JORC Resources
Slide 5: The New World – Stored Renewable Energy
The New World – Stored Renewable Energy DEMAND FOR BATTERY METALS FORECAST TO SURGE OVER THE NEXT DECADE For personal use only Battery power sources and battery storage will be integral to optimising the efficiency of Renewable Energy Global production of rechargeable batteries is dominated by C
Slide 6: Lynn Lake Project
Lynn Lake Project OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT For personal use only 100% ownership of nickel sulphide mining centre Road Community and prospective exploration ground Large JORC resource base – mostly drilled-out to pre-mining stage – with growth potential – 116,800t Nick
Slide 7: New Markets Exist for a Lynn Lake Product
New Markets Exist for a Lynn Lake Product For personal use only EXTENSIVE RAIL, ROAD AND SEA TRANSPORT NETWORK Historically, Lynn Lake concentrate was railed to Sherritt’s Fort Saskatchewan (now a HPAL facility) in Alberta – many more transport options are now available PORT OF CHURCHILL Glencore
Slide 8: Lynn Lake Project Strategy
Lynn Lake Project Strategy CORAZON HAS A TWO-PRONGED EXPLORATION AND DEVELOPMENT For personal use only STRATEGY 1. Mine Area Ralph Lake Lynn Lake • Seek cost and performance Complex Township “A Mine” efficiencies in mining and processing practices, progressing the possible development of a significa
Slide 9: Significant Nickel Sulphide Asset
Significant Nickel Sulphide Asset For personal use only DEVELOPMENT OPPORTUNITY Historical production from two mafic intrusions A Plug - 18Mt @ 0.88% Ni + 0.47%Cu EL Plug - 1.9Mt @ 2.4% Ni + 1.15% Cu Golf Total Indicated + Inferred JORC Resources* for six deposits: Disco 16.3Mt @ 0.72% Ni, 0
Slide 10: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS Aeromagnetic Image (Source 1997 GeoTEM + 2021 MobileMT Survey) Exploration drilling by Corazon identifies potential both within the Mining Centre and regionally within similar mafic p
Slide 11: Fraser Lake Complex – Priority Exploration Target Within Region
Fraser Lake Complex – Priority Exploration Target Within Region For personal use only GEOLOGICAL UNDERSTANDING OF THE FLC IS STILL DEVELOPING MobileMT Total Magnetic Intensity Image The area west of the FLC portrays a complex interconnection of mafic and ultramafic intrusive bodies, underlain by d
Slide 12: Fraser Lake Complex – Priority Exploration Target Within Region
Fraser Lake Complex – Priority Exploration Target Within Region For personal use only FERTILE WITH NICKEL-COPPER-COBALT SULPHIDE MobileMT Total Magnetic Intensity Image FLC-2017-08 Textbook immiscible sulphide droplets, globules and concentrations @ 164.5M FLC-2017-03 Semi-massive breccia sulphides
Slide 13: Exciting Discovery Potential – Targets Defined
Exciting Discovery Potential – Targets Defined For personal use only NEW CONDUCTIVE TREND – PROSPECTIVE FOR SULPHIDE DEPOSITS Mobile MT Resistivity/Conductance Image Plan at ~250m Below Surface The innovative MobileMT geophysical method has identified conductive trends – targets of interest Matrix
Slide 14: Exciting Discovery Potential – Targets Defined
PLAN Exciting Discovery Potential – Targets Defined For personal use only NEW CONDUCTIVE TREND – PROSPECTIVE FOR SULPHIDE DEPOSITS Fraser Lake A FLC2021-24 B Complex 300 mRSL B 200 mRSL 100 mRSL 0 mRSL -100 mRSL -200 mRSL -300 mRSL CROSS-SECTION LOOKING SOUTHWEST FLC2021-24 A Cross-Section looking s
Slide 15: Initial Drilling of MobileMT Conductors Completed
Initial Drilling of MobileMT Conductors Completed For personal use only MOBILEMT ANOMALIES COINCIDENT WITH NEWLY DEFINED DOWNHOLE EM CONDUCTORS Initial drill testing of MobileMT conductors intersected favourable host rocks and extensive indications of magmatic nickel-copper sulphide mineralisation
Slide 16: 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 17: 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 • Giant copper-cobalt-silver-gold geochemical anomalies – yet to be drill tested • Porphyry Copper potential confirmed – main exploration focus • Cobalt Ridge Prospect – cobalt dominant s
Slide 18: Mt Gilmore – Large Copper Target in Soils
Geology + Copper Mt Gilmore – Large Copper Target in Soils Image For personal use only Mt Gilmore Grafton 18
Slide 19: Mt Gilmore – High Grade Copper in Soils
Geology + Copper 21.6 %Cu Mt19 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 20: Gordonbrook Hill Copper Anomaly in Soils
Geology + Copper 21.6 %Cu 20 Gordonbrook Hill Copper Anomaly 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 %Cu 7.35 %
Slide 21: 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 22: 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 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: Contact
For personal use only CONTACT Level 3, 33 Ord St, WEST PERTH WA 6005 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6166 6361 info@corazon.com.au www.corazon.com.au FOLLOW US LinkedIn: https://www.linkedin.com/in/corazon-mining-limited Twitter: https://twitter.com/corazonmining