Corazon Mining Limited · ASX:CZN
Corazon Mining — Noosa Mining & Exploration Conference 2017
20 slides from Corazon Mining's conference presentation, Jul 19, 2017
Slide 1: Company Presentation - Noosa Mining & Exploration Conference
For personal use only Company Presentation Noosa Mining & Exploration Conference July 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
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
Slide 3: Actively Exploring Two Quality Projects
Actively Exploring Two Quality Projects 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 anot
Slide 4: Corporate Overview
Corporate Overview For personal use only ASX: CZN 0.06 Daily Volume Traded On-Market Daily Close Price - CZN 600,000,000 Total Ordinary Shares on Issue 899.4m 0.05 500,000,000 Daily VolumeTraded On-Market Options on issue 60m 0.04 400,000,000 Close Price (A$/share) Market Capitalisation ($0.015/shar
Slide 5: Mt Gilmore Project
For personal use only Mt Gilmore Project NSW
Slide 6: Why Cobalt?
Why Cobalt? For personal use only COBALT - CRITICAL INGREDIENT FOR LITHIUM ION BATTERIES Growth In Installed Battery Energy Capacity Cobalt price driven by increased demand, or expectations of increased demand, from a growing rechargeable battery sector Securing sources (supply) of ethically min
Slide 7: Mt Gilmore Project
Mt Gilmore Project For personal use only NEW PROJECT FOR CORAZON CZN acquired Mt Gilmore in July 2016 Brisbane Earning up to 80% - currently CZN has 51% equity QUEENSLAND $2M earn-in over 3 years (+1yr extension) Small periodic payments on milestones Mt Gilmore Project All costs covered by
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
Slide 9: Cobalt Ridge Prospect
Cobalt Ridge Prospect For personal use only From Interval RARE COBALT DOMINANT SULPHIDE DEPOSIT Hole ID Hole Type Co % Cu % Au g/t CuEq % Depth (m) (m) CZN’s 2016 drilling programme identified excellent grade MGRCD001 Core 165 13 0.18 0.54 0.17 2.41 incl 1 1.12 1.96 0.81 13.41 Multiple parallel
Slide 10: Cobalt Ridge Prospect
Cobalt Ridge Prospect For personal use only MINERALISED EXTENTS YET TO BE DEFINED 1000m x 500m window through cover into mineralised basement Flintoff’s Intensive multiphase alteration, including extensive quartz- tourmaline breccia Historical workings and exploration have focused on discrete
Slide 11: Cobalt Ridge Prospect
Cobalt Ridge Prospect For personal use only Flintoff’s 2017 SOIL SAMPLING IDENTIFIES A MUCH LARGER TARGET Multiple outcropping Co-Cu-Au sulphide lodes identified from ground-truthing soil anomalies Approximately 950m of outcropping mineralisation Main Cobalt defined in three trends (Cobalt Ridge
Slide 12: 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
Slide 13: Exciting Upcoming Work Programme
Exciting Upcoming Work Programme For personal use only DEFINE RESOURCE – SCOPE DEVELOPMENT OPPORTUNITY Drilling to commence in August 2017, including: Step-out and infill at Main Cobalt Lode – resource definition Testing new trends – Flintoff’s, Glamorgan West and others Additional metallurg
Slide 14: Lynn Lake Project
For personal use only Lynn Lake Project Canada
Slide 15: Lynn Lake Historic Mining Centre
Lynn Lake Historic Mining Centre For personal use only Major Nickel Mines Ragla MINING CENTRE Voiseys n Bay Prolific Canadian Ni producing region Lynn Lake 24 year mine production – shutdown in 1976 A Plug – 18.4 Mt @ 0.86% Ni & 0.44% Cu Thompson EL Plug – 1.7 Mt @ 2.50% Ni & 1.15% Cu Sudbury Ly
Slide 16: Fraser Lake Complex (FLC) – Magmatic Framework
Fraser Lake Complex (FLC) – Magmatic Framework For personal use only FLC EXCITING TARGET FOR BIG DEPOSITS Similar to Lynn Lake, but twice as big Fertile for Ni-Cu sulphides Historical Historical exploration misdirected Drilling Newly recognised “feeder-zone” into the FLC is a priority target
Slide 17: Matrix Trend - IP Anomaly - Sulphide Rich
Matrix Trend - IP Anomaly - Sulphide Rich For personal use only FLC FEEDER ZONE - “BELCHING OUT SULPHIDE RICH MAGMA” Historical Drilling “Matrix Trend” – dominant IP chargeability anomaly coincident with feeder zone CZN 2017 drilling identified extensive, pervasive Ni-Cu-Co magmatic sulphide min
Slide 18: Lynn Lake – Current Exploration Activities
Lynn Lake – Current Exploration Activities For personal use only RESULTS OF CZN EXPLORATION CONDUCTED SINCE JANUARY 2017 BEING PULLED TOGETHER FOR ANALYSIS Detailed work is essential to understanding the Feeder Zones’ magmatic framework and for on- going targeting within what appears to be a big s
Slide 19: 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 ACTIVE EXPLORATION PROGRAMME Mt Gilmore and the Cobalt Ridge prospect will
Slide 20: 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
Corazon Mining — Noosa Mining & Exploration Conference 2017 on 6ix