Corazon Mining Limited · ASX:CZN

Corazon Mining — Investor Presentation (August 2018)

21 slides from Corazon Mining's investor presentation, Aug 28, 2018

1. Slide 1: Company Presentation

   For personal use only Company Presentation 28th August 2018 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

2. 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

3. Slide 3: Corporate Overview

   Corporate Overview For personal use only ASX: CZN Shareholders Total Ordinary Shares on Issue 1,265m Top 20 Shareholders 35% Options on issue 145m Board and Management 1.74% Market Capitalisation ($0.008/share) $10.12m Hanking Australia Investments 11.54% Trading Range (1 year) $0.007-$0.03 Crescent

4. Slide 4: Two Quality Projects

   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 another large magmatic

5. Slide 5: Corazon's Cobalt Endowment

   Corazon’s Cobalt Endowment For personal use only Lynn Lake Nickel-Copper-Cobalt  Cobalt metal credit - mined and processed for +24 years  Poor historical information for cobalt production and reconciliation  Cobalt not recorded in historical drill hole database ~9,000 holes  Corazon currently up

6. Slide 6: Cobalt Metal Price Performance

   Cobalt Metal Price Performance For personal use only COBALT - CRITICAL INGREDIENT FOR LITHIUM ION BATTERIES  Cobalt – a small market - prices can be driven by sentiment - but fundamentals support a strong growth in demand  Electric Vehicle production >> industry forecasts  2011 China produced ~ 8

7. Slide 7: Mt Gilmore Project

   For personal use only Mt Gilmore Project NSW

8. Slide 8: Mt Gilmore Project – Point of Difference

   Mt Gilmore Project – Point of Difference For personal use only SIMPLE PROCESSING OPTIONS Sulphide Mineralisation  Sulphide = low-cost conventional flotation processing  Product options = high value metal concentrate or cobalt/copper sulphates COBALT RIDGE - HIGH-GRADE COBALT DOMINANT  Cobalt the

9. Slide 9: New Cobalt Mineralisation Discovered

   New Cobalt Mineralisation Discovered For personal use only MT GILMORE TREND  Large hydrothermally altered metal-rich corridor >18km strike  Potential for large intrusive related Cu-Au (+Co) systems  Very little cobalt exploration  Recent soil sampling has defined Corridor yet to multiple targets

10. Slide 10: Cobalt Ridge Drilling – High Grade Cobalt

    Cobalt Ridge Drilling – High Grade Cobalt For personal use only RARE COBALT DOMINANT SULPHIDE DEPOSIT C A D B C D Cobalt Soils Image C-D Cobalt Ridge Cross-Section Cobalt Ridge Cobalt (Erythrite) Oxidising In Drill Chips Cross-Section 10

11. Slide 11: Cobalt Ridge Mineralisation – Simple Metallurgy

    Cobalt Ridge Mineralisation – Simple Metallurgy For personal use only EXCEPTIONAL METAL RECOVERIES – SIMPLE PROCESSING OPTIONS  Sulphide mineralisation – compared to laterite deposits - provides huge benefits  Improvements to metallurgy results expected by fine-tuning conventional flotation proces

12. Slide 12: Exciting Work Program Underway

    Exciting Work Program Underway For personal use only ESTABLISHING MT GILMORE AS A PREMIER COBALT PROJECT  Cobalt Ridge - Drill Target Definition  Geophysics has identified multiple anomalies and trends  Geochemistry of basement rocks has identified numerous areas of anomalism  Drilling underway

13. Slide 13: Lynn Lake Project

    For personal use only Lynn Lake Project Canada

14. Slide 14: Lynn Lake Nickel-Copper-Cobalt Sulphide Project

    Lynn Lake Nickel-Copper-Cobalt Sulphide Project For personal use only PROLIFIC HISTORICAL MINING CENTRE  24 year mine production - ~1Mtpa – shutdown in 1976  Corazon has consolidated the entire nickel mining centre for the first time since closure  Infrastructure beneficial for re-development  L

15. Slide 15: Lynn Lake - Mining Focus For Current Activities

    Lynn Lake - Mining Focus For Current Activities For personal use only LYNN LAKE DEVELOPMENT OPPORTUNITY  Rising metal prices and positive forecasts result in a renewed focus on defining Lynn Lake’s development potential  Resource up-grade now expected Q3 2018  6,000 historical drill holes added t

16. Slide 16: Cobalt To Be Added To Resource Estimates At Lynn Lake

    Cobalt To Be Added To Resource Estimates At Lynn Lake For personal use only COBALT A VALUABLE METAL CREDIT FOR LYNN LAKE  Cobalt – historically produced but not reported – to be included in new resource estimates  Linear statistical correlation for nickel-cobalt permits accurate estimation of coba

17. Slide 17: Lynn Lake – Looking in the Shadow of the Headframe

    Lynn Lake – Looking in the Shadow of the Headframe For personal use only HUGE POTENTIAL FOR DISCOVERY Difficult terrain to access  Previous operators had a strong mining and processing focus  Difficult ground to explore – limited outcrop, extensive water, glacial till and snow cover  Modern explo

18. Slide 18: Lynn Lake – Fraser Lake Complex (FLC)

    Lynn Lake – Fraser Lake Complex (FLC) For personal use only Ni-Cu-Co MAGMATIC SULPHIDE DISCOVERY  2017/2018 drilling at FLC determined the large Matrix Trend IP Chargeability anomaly is caused by magmatic Ni-Cu- Co sulphide mineralisation  Where drilled, the Matrix Trend is interpreted to be a sul

19. 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  Current market sentiment for cobalt, nickel and copper supports Corazon’s i

20. Slide 20: Competent Person's Statement

    Competent Person’s 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

21. Slide 21: 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

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