Slide 1: Company Presentation
For personal use only COBALT C NICKEL COPPER Company Presentation ASX : CZN 12 January 2017
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS For personal use only 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 outcomes will
Slide 3: Corporate Overview
CORPORATE OVERVIEW Lynn Lake Company Focus Nickel Copper For personal use only Cobalt ASX listed exploration company Lynn Lake Nickel-Copper-Cobalt Project • Prominent historical nickel mining centre • Development opportunity Perth • Large existing resources ASX : CZN • Exciting exploration play 5km
Slide 4: CZN Recent Activities v Share Price
CZN RECENT ACTIVITIES v SHARE PRICE Cobalt Ridge Cobalt Ridge Drilling Assay Results 0.030 Drilling Initial Assay Results For personal use only Cobalt Ridge Cobalt Ridge Drilling Completed – Awaiting Results 0.025 Drilling Timing Update Cobalt Ridge Mt Gilmore Drilling Commences 0.020 DD Completed M
Slide 5: Cobalt – Identified Strategic Metal
COBALT – IDENTIFIED STRATEGIC METAL COBALT BATTERIES Li-Ion Batteries For personal use only NiCd – Nickel-Cadmium Safer Cheaper to manufacture NiMH – Nickel-Metal Hydride Best commercially accepted energy storage capacity Lithium Ion Batteries – Accounts for growth in Cobalt usage Better energy dens
Slide 6: Cobalt Supply Concerns
COBALT SUPPLY CONCERNS END-USERS SEEKING AN ETHICAL STABLE SUPPLY For personal use only Cobalt predominantly a by-product Dominant Supply Sources 60% from copper mining 38% from nickel mining DRC copper mines account for between Laterite – Australia, Cuba and Asia Pacific 47%** to 65%* of global sup
Slide 7: Mt Gilmore Project – Cobalt Ridge Prospect
MT GILMORE PROJECT – COBALT RIDGE PROSPECT Location Brisbane QUEENSLAND For personal use only North-eastern NSW 35km NW from Grafton Mt Gilmore Project Excellent access throughout Project CZN currently 51% - earning 80% equity NEW SOUTH Grafton $200k expenditure requirement in 1st year WALES $2M ear
Slide 8: Mt Gilmore – Cobalt Prospectivity
MT GILMORE – COBALT PROSPECTIVITY ENORMOUS POTENTIAL Chromite in mafics For personal use only under explored and largely undrilled Au-Sb-W In granite Mt Gilmore Trend Mafic Intrusive Felsic Intrusive Within the New England Orogen - Hosts large copper- gold systems Mt Morgan Cu-Au Mine (+50Mt @ 5.9 g
Slide 9: Cobalt Ridge – Drilling Proves Potential
COBALT RIDGE – DRILLING PROVES POTENTIAL November 2016 Flintoff’s Cobalt Target Drilling For personal use only Cobalt Ridge Exploration Targets Cobalt Ridge East Target Results confirmed projects potential as a valuable high-grade cobalt dominant deposit Broad zones of shallow mineralisation – up to
Slide 10: Cobalt Ridge – RC Drilling - 2016
COBALT RIDGE – RC DRILLING - 2016 Cobalt Ridge Drill Hole Collar & Trace Plan With Long Section Location Summary For personal use only 18 RC holes for 1,960m Identified zonation in cobalt/copper/gold mineralisation along strike Steep northwest plunge to high-grade cobalt mineralisation Main Cobalt L
Slide 11: Cobalt Ridge – RC Drilling - 2016
COBALT RIDGE – RC DRILLING - 2016 Assays returned for all 6 RC holes Copper Equivalent grades intersecting the Main Cobalt Lode as an indicator of value For personal use only MGRC002 16m @ 0.65% Co and 0.26% Cu 4.20% CuEqv Incl 6m @ 1.48% Co and 0.14% Cu 9.07% CuEqv MMGRC003 37m @ 0.14% Co and 0.23%
Slide 12: Cobalt Ridge – RC Drilling - 2016
COBALT RIDGE – RC DRILLING - 2016 Assays returned for all 6 RC holes intersecting the Main Cobalt Lode For personal use only MGRC002 16m @ 0.65% Co and 0.26% Cu Cobalt Grades At Other Operations Incl 6m @ 1.48% Co and 0.14% Cu Canada - Lynn Lake Ni-Cu-Co sulphide – MMGRC003 37m @ 0.14% Co and 0.23%
Slide 13: Cobalt Ridge – RC Drilling - 2016
COBALT RIDGE – RC DRILLING - 2016 Cobalt Ridge Prospect Long Section Interpreted drill hole intersection centre-point of the Main Cobalt Lode with intervals For personal use only (greater or equal to 1m downhole thickness and greater or equal to 0.05% Co cut-off, with less-than 3m internal dilution)
Slide 14: Ongoing Work – Mt Gilmore
ONGOING WORK – MT GILMORE For personal use only Field-work at Mt Gilmore in 2017 will commence with the definition of additional cobalt drill targets at Cobalt Ridge Drilling proposed for Q2 2017 Reconnaissance exploration, mapping and surface geochemistry will target other historically defined copp
Slide 15: Lynn Lake – Project Summary
LYNN LAKE – PROJECT SUMMARY Corazon controls Canada’s 5th largest nickel producing regions Raglan For personal use only Lynn Lake Voiseys Bay Ownership consolidated for the first time since mine closure in 1976 Thompson All year access to mine area Excellent infrastructure Sudbury Township,
Slide 16: Lynn Lake – Resources + Infrastructure
LYNN LAKE – RESOURCES + INFRASTRUCTURE Lower Cut-off Grade Contained Metal Airstrip Grade Deposit Tonnes For personal use only NIEQ % Ni % Ni % Cu % Ni Tonnes Cu Tonnes Indicated Resource Category EL Upper 0.4 1,120,000 0.77 0.34 8,600 3,800 Lynn Lake Township EL Lower 0.6 676,000 0.83 0.40 5,600 2,
Slide 17: CZN – Building Digital Models for Targeting
CZN – BUILDING DIGITAL MODELS FOR TARGETING More than 70 years of exploration and 23 years of A Plug Mineralisation – new area – +50yo drill hole not sampled mining data needed to be located and digitally For personal use only captured Data collation has been a major undertaking by Corazon Informati
Slide 18: Fraser Lake Complex (FLC) – Priority Drill Target
FRASER LAKE COMPLEX (FLC) – PRIORITY DRILL TARGET Geophysical anomalies appears bigger & better than Lynn Lake For personal use only Lynn Lake Predominantly under shallow cover of A Plug & Mine Area Mined 22Mt @ 1% Ni & 0.5% Cu muskeg (swamp) & overburden (till deposits) Fertile in nickel and copper
Slide 19: FLC – Intrusive Framework & Model
FLC – INTRUSIVE FRAMEWORK & MODEL Fraser Lake Complex Outline For personal use only Eastern Magnetic Zone Ultramafic Motriuk Ultramafic Deep Gravity Feature Possible Feeder ‘Neck’ of FLC Gravity Image Aeromagnetic Image New model for formation of FLC FLC is a nickel rich intrusive A deep-rooted grav
Slide 20: FLC – Feeder Zone – Initial High Priority Drill Targets
FLC – Feeder Zone – Initial High Priority Drill Targets Drill Targets For personal use only #1 Target - EM conductor IP Anomaly (VTEM anomaly) situated Outline #2 & #3 Target outside the area tested by the IP Chargeability & Magnetic IP survey, but within the Anomaly interpreted neck of the intrusio
Slide 21: FLC – Drilling Mid-Jan'17 - Site Preparation Completed
FLC – DRILLING MID-JAN’17 - SITE PREPARATION COMPLETED For personal use only Difficult Ground Conditions Heavy Equipment Requiring Heli-Lift To Sites Light Vehicle Access Track Drill Site #1 Target “Dragging” Light Vehicle Access Track ASX : CZN – PAGE 21
Slide 22: Summary of Corazon
SUMMARY OF CORAZON Two Quality Exploration Projects – Strong Development Potential For personal use only Mt Gilmore Cobalt Ridge is a unique high-grade deposit of a strategically important metal Attracting market interest - favoured metal in an emerging industry Larger story of big intrusive copper-
Slide 23: Company Contact Details
COMPANY CONTACT DETAILS Brett Smith James Moses For personal use only Managing Director Media and Investor Relations Corazon Mining Limited P: +61 (0) 420 991 574 P: +61 (8) 6142 6366 E: james@mandatecorporate.com.au Corazon Mining Limited T: +61 (8) 6142 6366 A: Level 1, 329 Hay Street, Subiaco WA
Slide 24: 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), For personal use only Member AusIMM, Member AIG and an employee of Corazon Mining Limited. Mr Smith has sufficient experienc