Corazon Mining Limited · ASX:CZN
Corazon Mining — Investor Presentation (February 2022)
29 slides from Corazon Mining's investor presentation, Feb 15, 2022
Slide 1: Investor Presentation: Exploration and Development Nickel Copper Cobalt
Investor Presentation Exploration and Development Nickel Copper Cobalt 15 February 2022 | ASX: CZN
Slide 2: Forward Looking Statement
Forward Looking Statement 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 all likelihood differ
Slide 3: Corazon Mining Limited – At A Glance
Corazon Mining Limited – At A Glance Overview Capital Structure – ASX:CZN Corazon is an ASX listed junior mineral exploration company Issued Shares 305m with projects in Canada and Australia. Quoted Options(1) 26.5m The Company’s target commodities include nickel, copper and Unlisted Options and Rig
Slide 4: Corazon Mining Limited – Battery Metals Focus
Corazon Mining Limited – Battery Metals Focus PROJECT LOCATION BENEFITS OF 1ST WORLD JURISDICTIONS Lynn Lake – 100% Nickel-Copper-Cobalt Prolific historical mining centre Large resources – drilled out and partially developed Redevelopment opportunity Exciting discovery potential Mt Gilmore –
Slide 5: Nickel is a New World Metal
Nickel is a New World Metal DEMAND FORECASTS FOR NICKEL FROM THE RECHARGEABLE BATTERY SECTOR ARE UNPRECEDENTED Lynn Lake is ideally located to take advantage of 12 Months the emerging rechargeable battery markets of North 69% Growth America and Europe Value of Nickel in EV’s Sold Globally (US$) Valu
Slide 6: Lynn Lake Project – Acquisition
Lynn Lake Project – Acquisition COUNTER-CYCLICAL PROJECT ACCUMULATION Nickel Price Average Nickel US$ Prices Today 1980 – 2020 Corazon has secured the entire Lynn Lake Mining Source – Statista Centre over a period in which there was little market interest in nickel sulphide Market dictated a nee
Slide 7: Lynn Lake Nickel District
Lynn Lake Nickel District TWO-PRONGED STRATEGY – DEVELOPMENT AND EXPLORATION 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 delivering a significant l
Slide 8: Lynn Lake Mining Centre
Lynn Lake Mining Centre PROLIFIC HISTORICAL NICKEL PRODUCING AREA 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 Shaft Lynn Lake Townsite
Slide 9: Lynn Lake Mining Centre
Lynn Lake Mining Centre PROLIFIC HISTORICAL NICKEL PRODUCING AREA On-going digital capture of historical paper/cloth data is a critical resource for redevelopment studies High quality JORC resource – drilled out, partially developed and mined Lynn Lake Townsite and Mining Centre 1972 A Shaft Far
Slide 10: Lynn Lake Development Rationale
Lynn Lake Development Rationale OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT 100% ownership of nickel sulphide mining centre Road Community and prospective exploration ground Exceptional infrastructure will significantly reduce start-up capital requirements Close to emerging North Amer
Slide 11: A Significant Class-1 Nickel Resource
A Significant Class-1 Nickel Resource HIGH QUALITY RESOURCE – PARTIALLY DEVELOPED Mining Studies Targeting Improvements Lower cost bulk mining Golf Disco Efficient modern materials handling solutions P Utilisation of renewable O hydro power supply N More effective metallurgical processing op
Slide 12: A Significant Class-1 Nickel Resource
A Significant Class-1 Nickel Resource HIGH QUALITY RESOURCE – PARTIALLY DEVELOPED Mining Studies Targeting Improvements Lower cost bulk mining Efficient modern materials handling solutions Golf Utilisation of renewable hydro power supply Disco More effective metallurgical processing options
Slide 13: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS Aeromagnetic Image (Source 1997 GeoTEM + 2021 MobileMT Survey) Proven potential exists Within the Mining Centre Regionally within similar mafic plugs 1940’s and 1950’s drilling of magnetic highs located +1%
Slide 14: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS 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 Drilling – 1950’s Drilling – Today 15
Slide 16: Fraser Lake Complex – Priority Exploration Target Within Region
Fraser Lake Complex – Priority Exploration Target Within Region FERTILE WITH NICKEL-COPPER-COBALT SULPHIDE MobileMT Magnetic Susceptibility Slice Image at ~450m below surface The Matrix IP Chargeability High provided the The “Eye” of the early exploration focus at the FLC FLC Intrusion Extensive
Slide 17: FLC Drill Core
FLC Drill Core MAPS SULPHIDE DEVELOPMENT TREND Drilling outside of the Matrix Trend has not delivered significant results Sulphides in the Matrix Trend vary from west to east Image of Inverted Gravity Data Along the Matrix Trend Increasing in nickel + copper Location of Selected Varying in E
Slide 18: Fraser Lake Complex – Priority Exploration Target Within Region
Fraser Lake Complex – Priority Exploration Target Within Region ASX ANNOUNCEMENT 10TH DECEMBER 2021 Geophysics, geochemistry and sulphide morphology has mapped the flow Drilling of the direction of the magma and focused Matrix Trend exploration towards possible sulphide Target Untested by accumula
Slide 19: Fraser Lake Complex – Priority Exploration Target Within Region
Fraser Lake Complex – Priority Exploration Target Within Region ASX ANNOUNCEMENT 10TH DECEMBER 2021 Geophysics, geochemistry and sulphide morphology has mapped the flow Drilling of the direction of the magma and focused Matrix Trend exploration towards possible sulphide Target Untested by accumula
Slide 20: Lynn Lake – A Significant Ni-Sulphide Camp
Lynn Lake – A Significant Ni-Sulphide Camp EXPLORATION AND DEVELOPMENT WORK IN PROGRESS Aeromagnetic Image (Source 1997 GeoTEM + 2021 MobileMT Survey) New Mining Studies generating the foundations for Lynn Lake to become a long-life, low-cost, bulk mining operation New geological model to define
Slide 21: Miriam Project
MIRIAM PROJECT CORAZON
Slide 22: Miriam Nickel Project – Western Australia
Miriam Nickel Project – Western Australia OPPORTUNITY TO EXPAND COMPANY’S NICKEL INVENTORY Option exercised to acquire 100% of the Miriam Nickel Project – expected to be completed in April 2022 Discovered in 1969 – drilling identified a ‘high nickel tenor’ within komatiite hosted massive and dis
Slide 23: Miriam Nickel Project – Western Australia
Miriam Nickel Project – Western Australia FERTILE NICKEL SUPHIDE SYSTEM WITH UNTESTED POTENTIAL Extensive cover with +80m of weathering Projects fertility expressed with extensive disseminated sulphide in shallow drilling along the Miriam Trend Historical (low-powered) geophysical surveys were
Slide 24: Mt Gilmore Project
= MT GILMORE PROJECT CORAZON
Slide 25: Mt Gilmore – High Grade Copper in Soils
Geology + Copper 21.6 %Cu Mt25 Gilmore – High Grade Copper in Soils Image 361 ppmAg 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 “Intrusive Related” o
Slide 26: Mt Gilmore Project - Cobalt Ridge Prospect
Mt Gilmore Project - Cobalt Ridge Prospect 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 Reconnaissance Drilling
Slide 27: Corazon – Way Forward
Corazon – Way Forward RIGHT COMMODITIES – PERFECT TIMING 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, 5,300t cobalt Market supp
Slide 28: 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 29: Contact
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
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