Slide 1: Base and Precious Metals Explorer – Australia & Canada
Slide 1 For personal use only NICKEL-COPPER SULPHIDE GOLD COPPER-GOLD Lynn Lake, Canada Beaucage Lake, Canada Top Up Rise, Australia Base and Precious Metals Explorer – Australia & Canada Broker & Investor Presentation, November 2012 ASX: CZN
Slide 2: Diversified Junior Explorer
Slide 2 Diversified Junior Explorer For personal use only Multiple High Impact Opportunities Copper Gold Australia Top Up Rise Project : option to earn 75% Nickel-Copper Canada Large untested gravity anomaly – similar Lynn Lake Project: option to acquire 100% size to Olympic Dam anomaly Development
Slide 3: Corporate Snapshot
Slide 3 Corporate Snapshot For personal use only Capital structure 5.71% Macquarie Bank Limited 3.30% Ordinary shares1 137.89M 5.26% UBS Wealth Management Directors Options1, 2 71.36M Other CZN Share Holders Market Cap (@ $0.03/share) $4.14M Cash (Q3 2012) $544,000 85.73% Investments $651,000 Receiv
Slide 4: Lynn Lake Project: Overview
Slide 4 Lynn Lake Project: Overview For personal use only Canadian Ni-Cu Sulphide – Future Mining Opportunity Canada Value Option to purchase 100% of project Ni-Cu Resources and additional drill defined potential Brownfields project with existing infrastructure Development/mining opportunity Strateg
Slide 5: Lynn Lake: Historical Mining Hub
Slide 5 Lynn Lake: Historical Mining Hub For personal use only Canada’s 3rd largest historical Ni producing area Lynn Lake district Ni-Cu deposits Excellent infrastructure – established for mining Zn-Cu deposits No environmental or Native Title issues A Plug Historical Production Sheritt Gordon 23 y
Slide 6: The EL Deposit: Exploration Upside
Slide 6 The EL Deposit: Exploration Upside For personal use only South North Interim Inferred Resource: 0 to 600m depth Truncated Mineralisation Constrained by drilling to date Mined 1.9 Mt @ 2.5% Ni, Predominantly between 210 to 400m depth 1.15% Cu Mined Depth 14,400t Ni, 7,200t Cu & 396t Co 210 m
Slide 7: The EL Deposit: Exploration Target
Slide 7 The EL Deposit: Exploration Target* For personal use only UPPER ZONE Tonnage Range Drill Defined 0 - 200m below surface From To Mineralisation Historical (not included in Workings Low cost opencut mining option 2,200,000 2,600,000 resource) Grade Range Contained Metal Range Metal From To Fro
Slide 8: The EL Deposit: Depth Potential
Slide 8 The EL Deposit: Depth Potential For personal use only -700 mbs Discovery Hole XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu Deepest Result CRZ012 44.75m @ 1.55%Ni & 0.65%Cu -800 mbs Including:- 3.85m @ 2.83%Ni & 0.24%Cu 11.03m @ 2.31%Ni & 1.01%Cu 11.51m @ 2.37%Ni & 0.78%Cu Drill hole Cross-Section
Slide 9: Lynn Lake Mining Centre
Slide 9 Lynn Lake Mining Centre For personal use only North EL Mine Mine Area Plan View 150 Plug EL Mine A Plug Deposits 2000 foot level New High-Grade Discovery Prophecy Tenements Corazon Tenements Mine Area Cross-Section View (west) ASX: CZN
Slide 10: Lynn Lake: New Projects
Slide 10 Lynn Lake: New Projects For personal use only Barrington Lake MacLellan Gold Mine Farley Gold Mine Copper Deposit (2M oz resource) (historical production 213 koz) Lynn Lake Township Barrington Lake Copper Deposit Lynn Lake Ni-Cu Project (historical production Outcropping copper mineralisati
Slide 11: Beaucage Lake Project: Overview
Slide 11 Beaucage Lake Project: Overview For personal use only Canadian High Grade Gold Exploration Project Value Option to purchase 100% of project High grade gold mineralisation in outcrop over 7-8 km strike Close to existing Company operations No comprehensive recent exploration – mostly mid-late
Slide 12: Beaucage Lake Project
Slide 12 Beaucage Lake Project For personal use only Prospects, Historical Geophysical Targets & Drilling Post-1990 Rockchip Channel & Grab Sampling Results (most recent work) ASX: CZN
Slide 13: Top Up Rise: Overview
Slide 13 Top Up Rise: Overview For personal use only Australian Cu-Au Exploration Project Value Option to earn up to 75% in project Large un-tested gravity anomaly – similar in size to the Olympic Dam anomaly Indicators of Cu/Au and IOCG mineralisation - target deposits typically very large Low cost
Slide 14: Top Up Rise: Frontier Exploration
Slide 14 Top Up Rise: Frontier Exploration For personal use only Gravity anomaly in Gibson Desert identified by recent Government geophysics Remote & under cover 1994-2002 AGSO identified large Proterozoic intrusive alteration system at Mt Webb - characteristics associated with Cu-Au systems Top Up
Slide 15: Top Up Rise: Gold-Copper Target
Slide 15 Top Up Rise: Gold-Copper Target For personal use only One of Australia’s largest amplitude residual gravity anomalies Target model type – Olympic Dam IOCG + REE + U Anomaly with similar size footprint to the Olympic Dam Cu-Au-U gravity anomaly Closest regional outcrop anomalous in IOCG path
Slide 16: Top Up Rise: Cu-Au Exploration
Slide 16 Top Up Rise: Cu-Au Exploration No previous ground exploration: Large multiple point anomaly: For personal use only Dense but not mafic?: A significantly dense body within an overall Residual gravity anomaly 14.5km x 5km Extreme gravity-high – no coincident dense geophysical/geological packa
Slide 17: Top Up Rise: Cu-Au Exploration
Slide 17 Top Up Rise: Cu-Au Exploration Residual Gravity Profile @ 7,500,000 mN For personal use only Deep Cover Fault 7,500,000 mN Residual Gravity Over Aeromagnetic Shadow ASX: CZN
Slide 18: Top Up Rise: Cu-Au Exploration
Slide 18 Top Up Rise: Cu-Au Exploration For personal use only Top Up Rise Anomaly Peak Residual Gravity anomaly >7 mGals Overall Residual Gravity high >5 mGals Table modified after Dr Tim Baker (2010) Presentation PACE 2020 Gravity–high ridge ~ 4 mGals Peak Residual Anomalies ASX: CZN
Slide 19: Top Up Rise: Acquisition
Slide 19 Top Up Rise: Acquisition For personal use only Cheap entry costs at an early stage: huge potential Conditions Precedent:- due diligence, Ministerial Access Permit & shareholder approval. Stage 1 – Corazon to earn 10% in Border Exploration Pty Ltd for:- 15 million CZN shares + 15 million CZN
Slide 20: Company Project Summary
Slide 20 Company Project Summary For personal use only Multiple Opportunities Nickel-Copper Canada – Option to acquire 100% Development opportunity: CZN with a secure a long term benefit at Lynn Lake Project leveraged to improving nickel metal prices Gold Canada – Option to acquire 100% Extensive su
Slide 21: Disclaimers & Important Information
Slide 21 Disclaimers & Important Information For personal use only Exploration Target This Exploration Target is conceptual in nature, there has been insufficient exploration (namely drilling of verifiable quality) to define a mineral resource and it is uncertain if further exploration will result i
Slide 22: Contacts
Slide 22 For personal use only Contacts Brett Smith James Moses Managing Director Media and Investor Relations Ph +61 (8) 6364 0518 Ph +61 420991574 E: james@mandatecorporate.com.au Corazon Mining Limited Level 1, 350 Hay Street, Subiaco WA 6008 PO Box 8187, Subiaco East WA 6008 www.corazon.com.au A