Slide 1: Corporate Presentation
Corporate Presentation New Base & Precious Metals Project Manitoba – Canada 20th February 2025
Slide 2: Disclaimer – Forward Looking Statement
DISCLAIMER FORWARD LOOKING STATEMENT This presentation has been prepared by Corazon Mining Limited (“Corazon” or “Company”). 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 i
Slide 3: Corazon Mining Limited – Critical & Precious Metals
CORAZON MINING LIMITED – CRITICAL & PRECIOUS METALS Issued Shares 1,185m CZN Share Price Performance Chart Quoted Options (Exp 31 December 2027 - $0.006) 665m Un-Quoted Options Exp 18 August 2026 ($0.014) 5.27m Exp 30 June 2027 ($0.010) 56.39m Market Cap (assuming share price of $0.003) $3.55m Cash
Slide 4: Corazon Mining Limited – Board and Management
CORAZON MINING LIMITED – BOARD AND MANAGEMENT NON-EXECUTIVE CHAIR – KRISTIE YOUNG B.Eng (Mining) Hons, GAICD, F.AusIMM Ms Young has a unique background developed over +25 years across mining engineering, business development, project evaluation, marketing, strategy, growth, corporate governance and
Slide 5: A Diverse Asset Portfolio of Quality First-World Mineral Assets
CORAZON MINING LIMITED – CRITICAL & PRECIOUS METALS A DIVERSE ASSET PORTFOLIO OF QUALITY FIRST-WORLD MINERAL ASSETS LYNN LAKE – 100% LYNN LAKE BASE & PRECIOUS METALS NICKEL-COPPER-COBALT COPPER-ZINC-GOLD MacBride Copper-Zinc-Gold Project • “Polymetallic Strategy” developing quickly (1) with multip
Slide 6: Building a Significant Poly-Metallic Project at Lynn Lake
BUILDING A SIGNIFICANT POLY-METALLIC PROJECT AT LYNN LAKE CORAZON – 100% RIGHTS TO MULTIPLE CRITICAL METAL DEPOSITS Corazon Corazon Lynn Lake Ni-Cu-Co MacBride Mining Centre Base + Precious 1954-1976 Metals Production (21) 206,200t Ni, 107,600t Cu Resource (22) 116,800t Ni, 54,300t Cu Strategic Mult
Slide 7: Building a Significant Poly-Metallic Project at Lynn Lake
BUILDING A SIGNIFICANT POLY-METALLIC PROJECT AT LYNN LAKE Large JORC resources – prolific historical Ni-Cu-Co mining centre Two outcropping drill-defined high-grade Cu-Au-Zn & Zn-Cu massive Beneficial infrastructure + hydropower sulphide deposits Potential long-life, low-cost mining operation Multip
Slide 8: Strategic Expansion of MacBride Project Area
STRATEGIC EXPANSION OF MACBRIDE PROJECT AREA Acquisition of MacBride Project (1) – 13th June 2024 MacBride Deposits and Prospects (as at 10th December 2024) Project includes two drill-defined high-grade base and precious metal sulphide deposits New tenure staked at MacBride (27) – 10th/11th December
Slide 9: MacBride Project – Wellmet & MacBride Deposits
MACBRIDE PROJECT – WELLMET & MACBRIDE DEPOSITS Wellmet Copper-Gold Horizon (1) – Selected Historical Drill Intercepts MacBride Project Historical Exploration • Outcropping Wellmet and MacBride deposits were discovered in the mid-1950’s, with campaign drilling completed up to the mid-1990’s • Wellmet
Slide 10: MacBride Deposit – A Single Horizon of Massive Sulphide
MACBRIDE DEPOSIT – A SINGLE HORIZON OF MASSIVE SULPHIDE Historical Drilling – MacBride Deposit (1) • Campaign drilling programs completed from discovery in the mid- 1950’s until the mid-1990’s – majority of work undertaken in the 1970’s • MacBride drilling totals 41 core holes for 6,847.5m over a ~4
Slide 11: MacBride Deposit
MACBRIDE DEPOSIT Historical Drilling – MacBride Deposit (1) • Campaign drilling programs completed from discovery in the mid- 1950’s until the mid-1990’s – majority of work undertaken in the 1970’s • MacBride drilling totals 41 core holes for 6,847.5m over a ~400m strike • The “Historical Endowment”
Slide 12: VMS Deposit Analogy
VMS DEPOSIT ANALOGY Antler Deposit – New World Resources (ASX:NWC) 300m • Advanced (potential redevelopment stage) Cu-Zn-Pb-Ag-Au – Arizona/USA • NWC market capitalisation (@ A$0.02/share – Nov 2024) A$60m • Antler –– Enterprise Value (Nov 2024) A$49m 800m NWC Investor Presentation November 2024 htt
Slide 13: Mineralisation Identified by Aerial Geophysical Surveys
MINERALISATION IDENTIFIED BY AERIAL GEOPHYSICAL SURVEYS MacBride Deposits and Prospects (as at 4th February 2025) Mid-Time Conductors over (28) Interpreted Geology Combined 2008 + Preliminary Majority of Project area covered by aerial 2025 VTEM Data geophysical methods effective in defining Well-C m
Slide 14: MacBride Geology and Priority Targets
MACBRIDE GEOLOGY AND PRIORITY TARGETS Interpreted Geology and VTEM conductor plates from 2008 Multiple priority geophysical conductors (2) survey – ASX announcement 7th October 2024 (2) • Processing of a 2008 VTEM survey defined multiple conductors • Nine priority conductors selected • One priority
Slide 15: VMS Mine Camp Analogy – Snow Lake Manitoba
VMS MINE CAMP ANALOGY – SNOW LAKE MANITOBA Flin Flon Greenstone Belt – Chisel Basin Analogy • The Flin Flon Greenstone Belt hosts approximately 30 developed deposits containing close to 180 Mt of sulphide ore (3) • Multiple copper-zinc-gold sulphide deposits along stratigraphic/structural trends • S
Slide 16: MacBride Geology and Priority Targets
MACBRIDE GEOLOGY AND PRIORITY TARGETS Interpreted Geology and VTEM conductor plates from 2008 Multiple priority geophysical conductors (2) survey – ASX announcement 7th October 2024 (2) • Processing of a 2008 VTEM survey defined multiple conductors • Nine priority conductors selected • One priority
Slide 17: MacBride – Next Steps – A Potential Mine Camp
MACBRIDE – NEXT STEPS – A POTENTIAL MINE CAMP MacBride Deposits and Prospects (as at 4th February 2025) Detailed processing of recent aerial Mid-Time Conductors over geophysical survey data Interpreted Geology Combined 2008 + Preliminary • Define and rank conductive bodies for drill 2025 VTEM Data t
Slide 18: MacBride Project – Valuable Addition to Lynn Lake
MACBRIDE PROJECT – VALUABLE ADDITION TO LYNN LAKE MacBride Deposit Sulphide (VMS) deposits The township and historical Manitoba accelerating long- Wellmet Deposit typically occur in clusters mining centre at Lynn Lake term sustainable development Numerous un-drilled provides beneficial of critical m
Slide 19: For further information, please contact
Website LinkedIn For further information, please contact: Brett S Smith Managing Director Corazon Mining Limited Telephone: +61 8 6166 6361 Email: info@corazon.com.au Website: corazon.com.au
Slide 20: Appendix I – Nickel-Copper-Cobalt Sulphide Development Opportunity
Appendix I Nickel-Copper-Cobalt Sulphide Development Opportunity
Slide 21: Lynn Lake Project Location and Infrastructure
LYNN LAKE PROJECT LOCATION AND INFRASTRUCTURE Prolific Nickel Sulphide Intrusive Complex Farley Shaft A Shaft Produced 206,200t Ni and 107,600t Cu (21) • Over 20 separate nickel sulphide deposits • A Plug – 18Mt @ 0.88% Ni + 0.47% Cu Lynn Lake Townsite & Mine 1972 • EL Plug – 1.9Mt @ 2.4% Ni + 1.15%
Slide 22: Nickel Rich Plugs – Geologically Unique Within the Region
NICKEL RICH PLUGS – GEOLOGICALLY UNIQUE WITHIN THE REGION (22) 100% Sulphide Nickel (Negligible Unrecoverable Silicate Nickel) References provided at back of presentation 22
Slide 23: Mine Design Concepts
MINE DESIGN CONCEPTS* Cost reduction via mine design, material handling efficiencies and processing innovation Detailed mine scheduling and optimisation work underway Base Case Study includes +1Mtpa flotation plant Dual feed streams of High Grade (ROM) and Upgraded Low Grade Shaft – modified to prod
Slide 24: Processing – Conceptual Flowchart
PROCESSING – CONCEPTUAL* FLOWCHART Beneficial Innovative Processing Technologies Low-Grade Upgrading Facility Flotation Plant Low-Grade Feed ROM Feed (+0.35% Ni, +0.15% Cu) (+0.6% Ni, +0.3% Cu) Crushed Crushed Feed Feed Copper Float Nickel Float Crushing/Grinding Circulating Load Up-Grade Ball Mill
Slide 25: Appendix II – Early-Stage Exploration Play for Giant Porphyry Copper-Gold Deposits
Appendix II Early-Stage Exploration Play for Giant Porphyry Copper-Gold Deposits
Slide 26: Mt Gilmore
21.6 %Cu MT GILMORE Geology + Copper in Soils Image 361 ppmAg 0.64 %Cu 0.17 g/t Au 176 ppmCo 294 ppmMo 0.78 %Cu 148 ppmCo 10.75 %Cu 0.12 g/tAu 180 ppmCo 0.11 g/tAu 74.7 ppmAg 0.41 %Cu + 20 km strike anomaly 0.52 %Zn 409 ppmCo Extensive high-grade mineralisation at 0.82 g/tAu surface (23) 5.04 %Cu 0.
Slide 27: Mt Gilmore
MT GILMORE Innovative mineral chemistry vectoring studies (24) identifies May Queen as a target for Giant Porphyry Copper-Gold Deposits Target has coincidental surface copper anomalism and May Queen geophysical characteristics potentially indicative of Drilling Target porphyry copper-gold systems Ma
Slide 28: Appendix III – Nickel Sulphide & Gold Exploration, Li-Pegmatite JV
Appendix III Nickel Sulphide & Gold Exploration Li-Pegmatite (Free-Carried) JV
Slide 29: Miriam Nickel Sulphide, Gold and Lithium Project
MIRIAM NICKEL SULPHIDE, GOLD AND LITHIUM PROJECT 1969 Ni-Sulphide Discovery drilling: • 9.6m @ 5.60% Ni • 12.5m @ 0.56% Ni • 3.2m @ 2.59% Ni • 0.9m @ 5.57% Ni • 6.1m @ 0.90% Ni Forrest Gold Multiple “base of channel” targets defined over a 2.5km trend (11) Deposit Pegmatites … 2022 discovery of Lith
Slide 30: References
REFERENCES This presentation includes historical exploration results and project information. The Company is not aware of any new information or data that materially affects the information included in this presentation, and the Company confirms that, to the best of its knowledge, all material assum