Slide 1: Company Presentation: Nickel Sulphide Discovery in Canada
14 December 2011 For personal use only COMPANY PRESENTATION “Nickel Sulphide Discovery in Canada”
Slide 2: Corazon Snapshot
Corazon Snapshot New high-grade nickel-copper sulphide discovery For personal use only at an old mining district in Canada Junior explorer ASX : CZN Market cap $16.5M (@ 12 cents) Cash $4M (post completion of recently announced placement) Discovery hole 23.75 m @ 3.34% Ni, 1.54% Cu, 0.08% Co Analogi
Slide 3: Investment Highlights
Investment Highlights For personal use only Spectacular new nickel sulphide discovery below historical nickel mine CZN discovery hole: 23.75m @ 3.34% Ni, 1.54% Cu, 0.08% Co Corazon with option to acquire 100% equity in project Canada’s 3rd largest nickel producing area, with Corazon the largest land
Slide 4: Key Financial Statistics
Key Financial Statistics Capital Structure Share Price & Volume For personal use only Million Shares Closing Price (A$) Daily Volume Traded On-Market Daily Close Price Unit Value 0.25 9.0 Current Price A$ $0.12 8.0 Ordinary shares 1 # 137,891,415 0.20 7.0 Options 2 # 71,357,710 6.0 Market Capitalisa
Slide 5: Lynn Lake – Project Location
Lynn Lake – Project Location Project Highlights For personal use only Manitoba Province Canada’s 3rd largest nickel producing area CZN – largest land holder in region Excellent infrastructure – regional hub - Township - Abundant hydro-electricity and water - Sealed airstrip - Road or rail access to
Slide 6: Lynn Lake – Mining Centre
Lynn Lake – Mining Centre A Plug For personal use only Historical Production Mines Sheritt Gordon operation – 1953 to 1976 (23 years) Past production - 22.2 Mt @ 1% Ni & 0.5% Cu 85%-90% recovery of Ni, Cu, Co via conventional flotation and concentrator EL Mine Operational when nickel price was <US$2
Slide 7: EL Deposit – High Grade Sulphide Breccia
EL Deposit – High Grade Sulphide Breccia Large Tonnage – High Grade South North For personal use only Differentiated mafic/ultramafic plug Truncated Mineralisation Nickel-copper-cobalt sulphide breccia Surface Historically mined ore-body 80m to 120m in diameter at 2.5% Mined 1.9 Mt @ 2.5% Ni, nickel
Slide 8: Main Focus – The EL Deposit
Main Focus – The EL Deposit Obvious Exploration Upside South North For personal use only Highest grade deposit at Lynn Lake Truncated Mineralisation Relatively shallow - only mined to 210m in a district with mining depths up to +1,100m Mined 1.9 Mt @ 2.5% Ni, 1.15% Cu Near Surface Mineralisation Hig
Slide 9: EL Deposit – Exploration Target
EL Deposit – Exploration Target* UPPER ZONE Tonnage Range South North For personal use only 0 ‐ 200m below surface From To Low cost opencut mining option 2,200,000 2,600,000 Truncated Mineralisation Surface Grade Range Contained Metal Range Mined Metal From To From To Upper 1.9 Mt @ 2.5% Ni, Nickel
Slide 10: Lynn Lake – Mining Centre
Lynn Lake – Mining Centre For personal use only 150 Plug EL Mine A Plug Deposits 2000 foot level New High-Grade Discovery 1,100m – Historical Mining Depth Large Tonnage Low Cost Prophecy Tenements Corazon Tenements Historical Mining Mine Area Cross-Section View (looking west) 10
Slide 11: EL Extensions – High Grade Sulphide Breccia
EL Extensions – High Grade Sulphide Breccia Recent Drilling Results For personal use only XND001 23.50m @ 1.50% Ni & 0.50% Cu XND001W2 -700 mbs 23.91 m @ 2.27% Ni & 0.80% Cu XND001W1 23.75m @ 3.34% Ni & 1.54% Cu Including 13.00m @ 4.27% Ni & 0.89% Cu Discovery Hole XND001W1 23.75 m @ 3.34% Ni & 1.54
Slide 12: EL Extensions – High Grade Sulphide Breccia
EL Extensions – High Grade Sulphide Breccia Recent Drilling Results For personal use only XND001 23.50m @ 1.50% Ni & 0.50% Cu Historical Drilling ? Felsic Volcanics XND001W1 23.75m @ 3.34% Ni & 1.54% Cu CRZ011A Including CRZ011AW1 Defined 13.00m @ 4.27% Ni & 0.89% Cu XND001W3 XND001W1 XND001W2 EM co
Slide 13: EL Mine – A Similar Australian Deposit
EL Mine – A Similar Australian Deposit For personal use only Mined 1.9 Mt @ 2.5% Ni, 1.15% Cu 226 Ni t/vm (mined) Mined Depth 132 Ni t/vm 210 m (mining + reserves) Upper Zone Reserve Interim Inferred Resource 2.2 Mt @ 1.26% Ni 1.8 Mt @ 0.8% Ni, 0.4% Cu, Exploration Target (*) 3.5 to 4.6 Mt @ 0.8 - 0
Slide 14: Forward Work Program
Forward Work Program For personal use only Upcoming Milestones: Test Extents Early Stage Ongoing Drill Resource of Exploration Mine Results Upgrade Target Planning Targeted drilling underway Recent drilling results have re- Already underway Ongoing drilling program to Multiple holes from n
Slide 15: Corazon Mining Limited – Summary
Corazon Mining Limited – Summary The Asset For personal use only A substantial asset for Corazon Historical mine grades economic Potential for large-tonnage low-cost mining operation Excellent infrastructure Exploration Success EL Mine extensions - high grade breccia defined Fertile region for nicke
Slide 16: Disclaimers and Important Information
Disclaimers and Important Information Forward Looking Statements For personal use only This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and forward looking statements which are no guarantee of future performance and which involve certain risks. Actual
Slide 17: Disclaimers and Important Information
Disclaimers and Important Information Mineral Resource (continued) For personal use only Assay results are obtained from ALS Mineral Services in Thunder Bay, Ontario, Canada. Samples are prepared using single stage pulverization of the entire sample. Base metal assays are obtained by 4 Acid digestio
Slide 18: Competent Person
For personal use only Competent Person The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Thompson, B.Sc Hons (Geol), MAusIMM, an employee of Corazon Mining Limited. Mr Thompson has sufficient experience