Slide 1: Investor Presentation
Investor Presentation Exploration and Development Nickel | Copper |Cobalt
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: 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 – foundation work underway • Winter exploration programs defined LYNN LAKE – 1
Slide 4: 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 (@ $0.016/share) $9.77m Cash (June 2022 Quarterly) $7.9m Entitlement Offer – April 2022 $7.6m 52W High $0.049 Low $0.015 Daily Average Volume Traded 390,400 Shareholders
Slide 5: Nickel-Copper-Cobalt Sulphide
Nickel-Copper-Cobalt Sulphide
Slide 6: Lynn Lake Project Location and Infrastructure
LYNN LAKE PROJECT LOCATION AND INFRASTRUCTURE Community Support Services Hydro-Power Station Rail 6
Slide 7: Prolific Historical Producer
PROLIFIC HISTORICAL PRODUCER Farley Shaft A Shaft Produced 206,200t Ni and 107,600t Cu • More than 20 separate deposits • A Plug – 18Mt @ 0.88% Ni + 0.47% Cu • EL Plug – 1.9Mt @ 2.4% Ni + 1.15% Cu Lynn Lake Townsite and Mining Centre 1972 1Mtpa underground operation • Labour intensive - non-mechanis
Slide 8: 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 9: Geologically Unique Within the Region
GEOLOGICALLY UNIQUE WITHIN THE REGION ** * JORC Resource Estimate at 0.5% Ni Base Cut - Published 25th October 2021 9 ** 100% Sulphide Nickel (Negligible Unrecoverable Silicate Nickel)
Slide 10: 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 11: 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 11
Slide 12: 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 13: Fraser Lake Complex – Exploration Focus
FRASER LAKE COMPLEX – EXPLORATION FOCUS “Pipe-Like” Gravity Highs A fertile but difficult exploration scenario Electromagnetics (EM) has not been effective • The FLC is polluted with magmatic (Ni-Cu-Co) sulphide and barren sulphidic sedimentary xenoliths • Conductive surface material from extensive
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 Multiple ultramafic channel horizons – a 2.5 km strike Miriam includes the Miriam Deposit and
Slide 16: Miriam Nickel Project – Western Australia
MIRIAM NICKEL PROJECT – WESTERN AUSTRALIA Extensive cover with +80m of weathering Project’s fertility expressed with extensive disseminated sulphide in shallow drilling along the Miriam Trend Historical (low-powered) geophysical surveys were effective in identifying the Miriam Deposit: • Discovered
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