Slide 1: Nickel Copper Cobalt Exploration and Development
For personal use only Nickel Copper Cobalt Exploration and Development Australia – Canada 27-28 October 2021 | ASX: CZN
Slide 2: Forward Looking Statement
Forward Looking Statement 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 in
Slide 3: Corazon Mining Limited – At A Glance
Corazon Mining Limited – At A Glance For personal use only Overview Capital Structure – ASX:CZN Corazon is an ASX listed junior mineral exploration company Issued Shares 254m with projects in Canada and Australia. Quoted Options(1) 26.5m The Company’s target commodities include nickel, copper and Un
Slide 4: Battery Metals Focus
Corazon Mining Limited – Battery Metals Focus PROJECT LOCATION BENEFITS OF 1ST WORLD JURISDICTIONS For personal use only Lynn Lake – 100% Nickel-Copper-Cobalt Prolific historical mining centre Large resources – drilled out and partially developed Redevelopment opportunity Exciting discovery
Slide 5: Lynn Lake Project
5 For personal use only LYNN LAKE PROJECT
Slide 6: Lynn Lake Project – Discovery and Development
Lynn Lake Project – Discovery and Development CRITICAL BATTERY METALS LOCATED WITHIN THE NORTH AMERICAN MARKET For personal use only Electrification Tightens “Battery Metals” Squeeze “The ultimate goal is to have every car New markets for nickel (Class 1), copper and cobalt are being manufactured in
Slide 7: Lynn Lake Project – Nickel for a New World
Lynn Lake Project – Nickel for a New World MANUFACTURERS STRUGGLING TO SUPPLY EV’S WITH BATTERIES For personal use only 12 Months 69% Growth Annual Lithium-Iron Battery Demand Source – Forbes 25 March 2020 Value of Nickel in EVs Sold Globally ($) Value of Nickel as % of Index Total Source – Mining.C
Slide 8: Lynn Lake Mining Centre
Lynn Lake Mining Centre PROLIFIC HISTORICAL NICKEL PRODUCING AREA For personal use only Mined for 24 years until 1976 – producing 206,200t Nickel and 107,600t Copper 1Mtpa underground operation – labour intensive, low productivity compared with modern mining operations Farley Shaft A Shaft EL Sh
Slide 9: Lynn Lake Mining Centre
Lynn Lake Mining Centre PROLIFIC HISTORICAL NICKEL PRODUCING AREA For personal use only On-going digital capture of historical paper/cloth data is a critical resource for re-development studies High quality JORC resource – drilled out – partially developed and mined Lynn Lake Townsite and Mining
Slide 10: Lynn Lake Development Rationale
Lynn Lake Development Rationale OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT For personal use only 100% ownership of nickel sulphide mining centre Road Community and prospective exploration ground Not remote – exceptional infrastructure – significantly reduces start-up capital requiremen
Slide 11: Lynn Lake Nickel District
Lynn Lake Nickel District TWO-PRONGED STRATEGY – DEVELOPMENT AND EXPLORATION For personal use only Mine/Resource Area “A Plug” and “EL Plug” intrusions – Ralph Lake Lynn Lake more than 20 separate sulphide Complex Township “A Mine” deposits Modern mining and processing practices potentially deli
Slide 12: A Significant Class-1 Nickel Resource
A Significant Class-1 Nickel Resource HIGH QUALITY RESOURCE – PARTIALLY DEVELOPED For personal use only Mining studies targeting improvements Lower cost bulk mining Efficient materials handling Golf Utilisation of renewable hydro power supply Disco More effective metallurgical processing o
Slide 13: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS For personal use only Aeromagnetic Image (Source 1997 GeoTEM + 2021 MobileMT Survey) Exploration by Corazon identifies potential both within the Mining Centre and regionally within similar mafic plugs The regio
Slide 14: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS For personal use only Drilling – 1950’s Muskeg Terrain Difficult terrain for exploration in both summer and winter 14
Slide 15: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS For personal use only Drilling – 1950’s Drilling – Today 15
Slide 16: Fraser Lake Complex – Priority Exploration Target Within Region
Fraser Lake Complex – Priority Exploration Target Within Region For personal use only GEOLOGICAL UNDERSTANDING OF THE FLC IS STILL DEVELOPING MobileMT Total Magnetic Intensity Image The Matrix IP Chargeability High provided the early exploration focus at the FLC Extensive magmatic sulphide in dr
Slide 17: Exciting Discovery Potential – Targets Defined Below Surface
Plan ~250m Exciting Discovery Potential – Targets Defined Below Surface For personal use only LARGE DHEM CONDUCTOR PLATES DEFINED Initial drill testing of MobileMT conductors intersected favourable host Fraser Lake rocks, magmatic sulphide mineralisation and identified new downhole Complex EM geop
Slide 18: Initial Drilling of MobileMT Conductors Completed
Initial Drilling of MobileMT Conductors Completed For personal use only DOWNHOLE EM CONDUCTORS DEFINE POSSIBLE SULPHIDE BODIES FOR DRILL TESTING Aerial Photograph Surface Target #28 Plate 23A Hole FLC2020-23 161m x 29m Plate 23A 161m x 29m Plate 23B 287m x 84m Plate 23B 287m x 84m Plate 24D 96m x 54
Slide 19: Corazon – Way Forward
Corazon – Way Forward RIGHT COMMODITIES – PERFECT TIMING For personal use only Lynn Lake Nickel-Copper-Cobalt Sulphide Project One of the best nickel exploration plays in North America – underpinned by significant Resource with additional expansion potential: 116,800t nickel, 54,300t copper, 5,300
Slide 20: Miriam Project
20 For personal use only MIRIAM PROJECT
Slide 21: Miriam Nickel Project – Western Australia
Miriam Nickel Project – Western Australia OPPORTUNITY TO EXPAND COMPANY’S NICKEL INVENTORY For personal use only Option exercised to acquire 100% of Project – due diligence currently being finalised Discovered in 1969 – drilling identified a ‘high nickel tenor’ within komatiite hosted massive an
Slide 22: Mt Gilmore Project
22 For personal use only MT GILMORE PROJECT
Slide 23: Mt Gilmore – High Grade Copper in Soils
Geology + Copper 21.6 %Cu Mt23 Gilmore – High Grade Copper in Soils Image 361 ppmAg For personal use only 0.17 g/t Au UNIQUE – EARLY STAGE – DISTRICT SCALE – 0.64 %Cu 176 ppmCo 0.78 %Cu EXPLORATION PLAY 294 ppmMo 148 ppmCo 0.12 g/tAu Large geochemical anomalies indicative of 10.75 %Cu hydrothermal
Slide 24: Mt Gilmore Project - Cobalt Ridge Prospect
Mt Gilmore Project - Cobalt Ridge Prospect For personal use only LARGE AREA IDENTIFIED PROSPECTIVE FOR RESOURCE HIGH GRADE COBALT + COPPER + GOLD DEFINITION WORK 8 %Co 2m @ 0.64 %Co, 1.66 Only the Cobalt Ridge Main Lode (Historical Workings) %Cu, 0.13 g/tAu has been effectively drill tested in Rec
Slide 25: Corazon – Way Forward
Corazon – Way Forward RIGHT COMMODITIES – PERFECT TIMING For personal use only Lynn Lake Nickel-Copper-Cobalt Sulphide Project One of the best nickel exploration plays in North America – underpinned by significant Resource with additional expansion potential: 116,800t nickel, 54,300t copper, 5,300
Slide 26: Competent Person Statement
Competent Person Statement For personal use only 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 experie
Slide 27: Contact
For personal use only CONTACT Level 3, 33 Ord St, WEST PERTH WA 6005 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6166 6361 info@corazon.com.au www.corazon.com.au FOLLOW US LinkedIn: https://www.linkedin.com/in/corazon-mining-limited Twitter: https://twitter.com/corazonmining