Corazon Mining Limited · ASX:CZN
Corazon Mining — RIU Conference 2019
24 slides from Corazon Mining's conference presentation, Feb 19, 2019
Slide 1: Company Presentation
Company Presentation 19-21 February 2019 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 1 1
Slide 2: Forward Looking Statement
Forward Looking 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 outcomes will in all likelihood differ fr
Slide 3: Corporate Overview
Corporate Overview ASX: CZN Shareholders Total Ordinary Shares on Issue 1.265m Top 20 Shareholders 38% Options on issue 145m Board and Management 1.74% Market Capitalisation ($0.005/share) $6.33m Hanking Australia Investments 11.54% Share Price Trading Range (1 year) $0.003-$0.018 Crescent Nominees
Slide 4: Two Quality Projects
Two Quality Projects Lynn Lake Nickel-Copper-Cobalt Old Mining Centre Large JORC Resource Base Redevelopment Opportunity Exciting Ni Sulphide Exploration Play Mt Gilmore Cobalt-Copper-Gold Newly Recognised Area Large District Scale Target Cobalt Dominant Sulphide Mineralisation 4
Slide 5: Booming Rechargeable Battery Sector
Booming Rechargeable Battery Sector Tr adi t i onal Emer gi ng Ener gy Sour ces Ener gy Sour ces Ur bani sat i on Desire and demand for alternate Growth in traditional energy renewable energy sources sector not supported publicly and will struggle to keep pace with demand Rapid unprecedented c
Slide 6: Booming Rechargeable Battery Sector
Booming Rechargeable Battery Sector Tr adi t i onal Emer gi ng Ener gy Sour ces Ener gy Sour ces Ur bani sat i on Despite overwhelming public Desire and demand for alternate Growth in traditional energy sentiment for renewable energy sources sector not supported publicly and will struggle to kee
Slide 7: Mt Gilmore Project New South Wales
Mt Gilmore Project New South Wales
Slide 8: Mt Gilmore Project – Point of Difference
Mt Gilmore Project – Point of Difference THE COBALT RIDGE PROSPECT First World location +90% of metal captured in <10% of the mass feed Cobalt dominant sulphide mineralisation via simple flotation Simple, low capital processing options processing Mt Gilmore Quality products Grafton Sulphide
Slide 9: Mt Gilmore Project - Cobalt Ridge Prospect
Mt Gilmore Project - Cobalt Ridge Prospect DETAILED EXPLORATION OVER A SMALL AREA 99 drill holes for 12,684.67 metres Close-spaced surface soil and rock chip sampling Mineral petrology Metallurgical testwork Detailed geophysics (IP-Mag-Rad) Environmental baseline studies Environmental
Slide 10: Mt Gilmore Project - Cobalt Ridge Prospect
Mt Gilmore Project - Cobalt Ridge Prospect QUARTZ-TOURMALINE BRECCIAS UNTESTED POTENTIAL SPATIALLY ASSOCIATED WITH 8 %Co 2m @ 0.64 %Co, 1.66 COBALT-COPPER MINERALISATION (Historical Workings) %Cu, 0.13 g/tAu in Reconnaissance Drilling Tourmaline is a common mineral within hydrothermal deposits – t
Slide 11: Mt Gilmore Project – Recent Results
Geology + Copper Mt Gilmore Project – Recent Results in Soils Image COBALT RIDGE ONE PROSPECT WITHIN A LARGE PROJECT AREA Multiple occurrences of late-1800’s / early-1900’s copper/gold workings NEW discovery by CZN - “district scale” geochemical anomaly coincident with basement of the Mt Gilmore
Slide 12: Mt Gilmore Project – Recent Results
Mt Gilmore Project – Recent Results GEOCHEMICAL ANOMALIES UNDERPINNED BY HIGH-TENOR ROCK SAMPLES The recognition that numerous historical small scale workings are part of a much larger system is a significant advancement for the Project High-grade mineralisation interpreted as “leakage structure
Slide 13: Mt Gilmore Exploration – Several Substantial Priority Anomalies
Mt Gilmore Exploration – Several Substantial Priority Anomalies FAVOURABLE GEOLOGICAL SETTING May Queen Cu-Co-Ag-Zn-Mo-Bi-Se-In-Cd-Ga+As-Sb Hydrothermally altered basaltic and volcano- sedimentary basement rocks Lantana Hydrothermal event associated with a mafic Cu-Co-Ag-Zn-As-Au-Sb-Mo-Bi-Se-In-
Slide 14: Mt Gilmore Trend – Strong Multi-Element Association
Mt Gilmore Trend – Strong Multi-Element Association COPPER COBALT SILVER Soil Sampling Assay Images Geochemical images generated from a dataset only containing ME-MS61 assays, subset on a 200m x 200m grid with image using a north-eastern sun-angle 14 Cobalt data is further subset to exclude soils po
Slide 15: Mt Gilmore Exploration – Several Substantial Priority Anomalies
Mt Gilmore Exploration – Several Substantial Priority Anomalies EXPLORATION UNDERWAY New target areas to be mapped in detail and rock-chip sampled if required Approximately 40 line kilometres of ground IP geophysics has been planned as an initial test of the three main target areas – currently t
Slide 16: Mt Gilmore Project – Summary
Mt Gilmore Project – Summary UNIQUE, EARLY STAGE, DISTRICT-SCALE EXPLORATION PLAY Surface mineralisation supports evidence of a large hydrothermal system at Mt Gilmore Indicative of “Intrusive Related” or “Replacement” style of deposits The size of the geochemical anomalies are substantive T
Slide 17: Lynn Lake Project Canada
Lynn Lake Project Canada CORAZON MINING LIMITED
Slide 18: Lynn Lake Nickel-Copper-Cobalt Sulphide Project
Lynn Lake Nickel-Copper-Cobalt Sulphide Project PROLIFIC HISTORICAL MINING CENTRE 100% controlled(1) by Corazon Renewed focus on Big system – multiple orebodies Lynn Lake’s Excellent infrastructure – power, water & township development potential DEVELOPMENT POTENTIAL New JORC Resources (ASX
Slide 19: Lynn Lake Nickel-Copper-Cobalt Sulphide Project
Lynn Lake Nickel-Copper-Cobalt Sulphide Project HISTORICAL PRODUCTION MODERN DISCOVERIES A Plug Mine Tango - 2010 18Mt @ 0.88% Ni + 0.47% Cu 17m @ 0.6% Ni & 0.30% Cu EL Plug Mine A Plug Disco - 2008 1.9Mt @ 2.4% Ni + 1.15% Cu 18m @ 1.5% Ni, 0.70% Cu & EL Plug 0.04 %Co JORC RESOURCE EL Deeps - 2011 (
Slide 20: Lynn Lake – New JORC Resource
Lynn Lake – New JORC Resource RESOURCE UPSIDE WITHIN THE MINING CENTRE 11 deposits yet to be reviewed for remnant resources Modern exploration has identified new untested targets JORC Base Cut Tonnes Tonnes Ni % Cu % Co % Category Ni % Ni Cu Co Indicated 0.5 12,899,000 0.7 0.33 0.034 89,700 42,9
Slide 21: Lynn Lake - Processing Improvements
Lynn Lake - Processing Improvements EXCEPTIONAL METALLURGICAL RESULTS ARE A “GAME-CHANGER” FOR THE PROJECT For the first time, separate Copper and Nickel/Cobalt concentrates have been produced Past processing and metallurgical work delivered a 10%-15% Nickel concentrate New Nickel concentrate
Slide 22: Corazon’s Exploration Success
Corazon’s Exploration Success IN THE LAST TWO YEARS CORAZON HAS DISCOVERED TWO LARGE SULPHIDE SYSTEMS Lynn Lake – Fraser Lake Complex – 2017 Nickel-copper-cobalt magmatic sulphide deposit Looking for the massive sulphide feeder zone Further drill testing required Fraser Lake - IP Chargeabili
Slide 23: Competent Person Statement
Competent Person Statement 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 experience that is relevant t
Slide 24: Contact
CONTACT 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 1 24