Corazon Mining Limited · ASX:CZN

Corazon Mining — Investor Presentation (May 2018)

24 slides from Corazon Mining's investor presentation, May 4, 2018

1. Slide 1: Company Presentation

   For personal use only Company Presentation 4th May 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 ($0.011/share) $14m Hanking Australia Investments 9.96% Trading Range (1 year) $0.009-$0.03 Crescent Nom

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 records for cobalt production and reconciliation  Cobalt not recorded in historical drill hole database ~9,000 holes  Corazon currently upgrading resourc

6. Slide 6: Cobalt Metal Price Performance

   Cobalt Metal Price Performance For personal use only COBALT - CRITICAL INGREDIENT FOR LITHIUM ION BATTERIES  Cobalt price driven by increased demand, or expectations of increased demand, from a growing rechargeable battery sector Demand Growth 100 kt +200 kt 2017 Forecast 2025  A significant defic

7. Slide 7: Mt Gilmore Project

   For personal use only Mt Gilmore Project NSW

8. Slide 8: Mt Gilmore Project

   Mt Gilmore Project For personal use only NEW PROJECT FOR CORAZON  CZN acquired Mt Gilmore in July 2016  Earning up to 80% - currently CZN has 51% equity  $2M earn-in over 3 years (+1yr extension option)  Small periodic payments on milestones  All costs covered by CZN until decision to mine HIGH

9. Slide 9: Mt Gilmore Project – Point of Difference

   Mt Gilmore Project – Point of Difference For personal use only EXCEPTIONAL METAL RECOVERIES – SIMPLE PROCESSING OPTIONS Sulphide Mineralisation  Sulphide mineralisation provides huge benefits compared to laterite/oxide deposits  Excellent test results utilizing low-cost simple conventional flotati

10. Slide 10: Size Potential For Cobalt Rapidly Growing

    Size Potential For Cobalt Rapidly Growing For personal use only MT GILMORE TREND  Large hydrothermal alteration footprint  Very little cobalt exploration  Historically copper has been the focus of exploration  Extensive evidence of targeted models - tourmaline breccia hosted Cu-Au deposits, Cu-A

11. Slide 11: New Targets Defined at Cobalt Ridge

    New Targets Defined at Cobalt Ridge For personal use only SOIL GEOCHEMISTRY AN New Target EFFICIENT EXPLORATION Similar to Cobalt Ridge TOOL  Multiple anomalies define new targets for drilling  Open along strike and under cover  Infill and extension New Target Co-Au Rich sampling underway New Tar

12. Slide 12: Lantana Downs Cobalt Discovery

    Lantana Downs Cobalt Discovery For personal use only EXCITING NEW PROSPECT – LANTANA DOWN  Multiple anomalies - peak soil assay 949ppm Co  Larger / higher-tenor anomaly than at Cobalt Ridge  Historically thought to be a VMS (Zn, Pb, Cu)  No previous assaying for cobalt Southern Lantana  Analogo

13. Slide 13: Cobalt Ridge Drilling – High Grade Cobalt

    Cobalt Ridge Drilling – High Grade Cobalt For personal use only Cobalt Ridge Drill Intercepts - +2 %CoEq*m Interval (m) Width Hole ID Co % Cu % Au g/t CuEq % From To m A PUL 18 37 53 16 0.30 0.21 0.10 3.45 96 107 11 0.32 0.18 0.11 3.64 B PUL 19 24 30 6 0.37 0.55 0.19 4.59 59 76 17 0.37 0.13 0.17 4.1

14. Slide 14: 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

15. Slide 15: 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 proposed to test for extensions under cover - currently in progress  Geochemistry covering untested basement rocks to north and south – curr

16. Slide 16: Lynn Lake Project

    For personal use only Lynn Lake Project Canada

17. Slide 17: 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

18. Slide 18: 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 expected Q2 2018  6,000 historical drill holes added to da

19. Slide 19: Sulphide Nickel – Timing Is Good

    Sulphide Nickel – Timing Is Good For personal use only EXPECTED INCREASE IN DEMAND FOR SULPHIDE NICKEL DRIVEN BY THE RECHARGEABLE BATTERY SECTOR  Nickel market now firmly in deficit  Market requirements beyond 2022 cannot be met Source: Macquarie Research - Nickel Outlook J Lennon, Australian Nick

20. Slide 20: 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

21. Slide 21: 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

22. Slide 22: 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

23. Slide 23: 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

24. Slide 24: 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 — Investor Presentation (May 2018) on 6ix