Slide 1: Investor Presentation
Investor Presentation Exploration and Development Nickel | Copper |Cobalt |Lithium 14-16 February 2023
Slide 2: Forward Looking Statement
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 in all likel
Slide 3: 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 4: Corazon Mining Limited - Battery Metals Focus
CORAZON MINING LIMITED - BATTERY METALS FOCUS PROJECT LOCATION BENEFITS OF 1ST WORLD JURISDICTIONS Lynn Lake Historical Ni-Sulphide Mining Centre • Applying modern and innovative practices to mining and processing studies to large resource inventory • Winter exploration programs underway LYNN LAKE –
Slide 5: Corazon Mining Limited – At a Glance
CORAZON MINING LIMITED – AT A GLANCE Capital Structure – ASX:CZN Issued Shares 610m Unlisted Options/Rights (1) 20.04m Market Cap (@ $0.022/share) $13.43m Cash (December 2022 Quarterly) $5.36m 52W High $0.043 Low $0.015 Shareholders Daily Average Volume Traded 1.2m Number of Shareholders 2,617 Board
Slide 6: Nickel-Copper-Cobalt Sulphide
Nickel-Copper-Cobalt Sulphide
Slide 7: Lynn Lake Project Location and Infrastructure
LYNN LAKE PROJECT LOCATION AND INFRASTRUCTURE Community Support Services Hydro-Power Station Rail 7
Slide 8: Prolific Historical Producer
PROLIFIC HISTORICAL PRODUCER Farley Shaft A Shaft A long-lived “Green Nickel” project • Class 1 Nickel Sulphide • Powered by renewable hydro-electricity Produced 206,200t Ni and 107,600t Cu Lynn Lake Townsite and Mining Centre 1972 • More than 20 separate nickel sulphide deposits • A Plug – 18Mt @ 0
Slide 9: Geologically Unique Within the Region
GEOLOGICALLY UNIQUE WITHIN THE REGION Ralph Lake Complex +1% Ni in 1950’s Drilling A Plug – Mining Opportunity with +20 Deposits & Large JORC Resource Motriuk Complex – EL Deposit – Opencut Mining Recent Discovery of Ni Opportunity + High-Grade Sulphide in Drilling Mineralisation at Depth Fraser Lak
Slide 10: Geologically Unique Within the Region
GEOLOGICALLY UNIQUE WITHIN THE REGION ** * JORC Resource Estimate at 0.5% Ni Base Cut - Published 25th October 2021 10 ** 100% Sulphide Nickel (Negligible Unrecoverable Silicate Nickel)
Slide 11: New Mining Studies to Optimise Modern Practices
NEW MINING STUDIES TO OPTIMISE MODERN PRACTICES Current focus on: Geotechnical models that will support increasing stope/void sizes and reducing development costs Optimising mining and material handling practices and integrating project areas within the Mining Centre Improving metallurgical performa
Slide 12: Fraser Lake Complex – Exploration Focus
FRASER LAKE COMPLEX – EXPLORATION FOCUS South Pipe Possible Source of “Ni-Rich” Magma South Pipe Fraser Lake Complex – Magnetic Inversion Plan (~ 250m below surface) Lynn Lake Aeromagnetic Image –1997 GeoTEM + 2021 MobileMT Surveys 12
Slide 13: Fraser Lake Complex – Exploration Focus
FRASER LAKE COMPLEX – EXPLORATION FOCUS Mineralised Matrix Trend – Best Results Matrix Trend – main focus for CZN’s exploration to date 88.5m @ 0.22% Ni & 0.11% Cu 56.1m @ 0.43% Ni & 0.18% Cu Geological model developing Incl 22.6m @ 0.70% Ni & 0.35% Cu 27m @ 0.37% Ni & 0.16% Cu Area to the west of t
Slide 14: Miriam Project: Nickel–Copper Sulphide
MIRIAM PROJECT Nickel—Copper Sulphide
Slide 15: Miriam Nickel Project – Western Australia
MIRIAM NICKEL PROJECT – WESTERN AUSTRALIA Option exercised to acquire 100% of Project Discovered in 1969 – drilling identified a ‘high nickel tenor’ within komatiite hosted massive and disseminated sulphide – minimal nickel exploration over the past 20 years Multiple ultramafic channel horizons over
Slide 16: Miriam Nickel Project – Western Australia
MIRIAM NICKEL PROJECT – WESTERN AUSTRALIA Recent discovery of outcropping spodumene (lithium) bearing pegmatite (ASX announcements December 2022 and January 2023) Weathered pegmatite samples with up to 30% visible spodumene – assaying as high as 1.85% Li2O Higher grades expected from unweathered sam
Slide 17: Copper–Cobalt–Gold–Silver Sulphide
Copper–Cobalt–Gold–Silver Sulphide
Slide 18: Mt Gilmore
Geology + Copper 21.6 %Cu in Soils Image 361 ppmAg 0.64 %Cu MT GILMORE 176 ppmCo 0.17 g/t Au 294 ppmMo 0.78 %Cu 148 ppmCo 10.75 %Cu 0.12 g/tAu 180 ppmCo 0.11 g/tAu + 20 km Strike 74.7 ppmAg 0.41 %Cu 0.52 %Zn 409 ppmCo Multiple high-grade rock assays 0.82 g/tAu High cobalt content 5.04 %Cu 0.35 %Zn “
Slide 19: Mt Gilmore
MT GILMORE Initial mineral vectoring geochemical studies have been completed by CODES at the University of Tasmania on rock and drill core samples collected from the Mt Gilmore Project Studies show the Mt Gilmore Cu-Au-Co trend has a complex hydrothermal history and geochemical characteristics parti
Slide 20: Mt Gilmore Project – Cobalt Ridge Prospect
MT GILMORE PROJECT – COBALT RIDGE PROSPECT HIGH GRADE COBALT + COPPER + GOLD 8% Co 2m @ 0.64% Co, (Historical Workings) Only the Cobalt Ridge Main Lode has 1.66% Cu, 0.13g/t Au in Reconnaissance Drilling been effectively drill tested Quartz-tourmaline breccias spatially Cobalt Ridge associated with
Slide 21: Investment Highlights
INVESTMENT HIGHLIGHTS Corazon is an ASX-listed mineral exploration company focused on the exploration and development of strategically critical battery metals (nickel, copper and cobalt). 100% ownership of the historical nickel-copper-cobalt Lynn Lake mining centre in the province of Manitoba, Canad
Slide 22: Corazon Mining Limited
CORAZON MINING LIMITED A stable and driven company with market support that has built a quality nickel sulphide project in a very challenging market Right commodities – perfect timing Well funded exploration and resource Global Nickel Supply Capacity and Demand (1) development programs (1) Source: R
Slide 23: For further information, please contact
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