Corazon Mining Limited · ASX:CZN

Corazon Mining — RIU Conference (September 2018)

22 slides from Corazon Mining's conference presentation, Sep 25, 2018

1. Slide 1: Company Presentation

   For personal use only Company Presentation 25th September 2018 LEVEL 1, 329 HAY ST, SUBIACO WA 6008 | PO BOX 8187, SUBIACO EAST WA 6008 | +61(8) 6142 6366 | INFO@CORAZON.COM.AU | WWW.CORAZON.COM.AU

2. 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

3. Slide 3: Corporate Overview

   Corporate Overview For personal use only ASX: CZN Shareholders Total Ordinary Shares on Issue 1,265m Top 20 Shareholders 36% Options on issue 145m Board and Management 1.74% Market Capitalisation ($0.008/share) $10.12m Hanking Australia Investments 11.54% Trading Range (1 year) $0.007-$0.03 Crescent

4. Slide 4: Two Quality Projects

   Two Quality Projects For personal use only Lynn Lake Nickel-Copper-Cobalt  100% control of entire historical mining centre  Beneficial infrastructure and large remnant resources  Easy development opportunity  Exciting exploration potential  Recent drilling has discovered another large magmatic

5. Slide 5: Cobalt Metal Price Performance

   Cobalt Metal Price Performance For personal use only CRITICAL INGREDIENT FOR LITHIUM ION BATTERIES  Cobalt – small market - prices can be driven by sentiment, however, fundamentals support a strong growth in demand  Electric Vehicle production has by far out-performed forecasts of production  201

6. Slide 6: Nickel Metal Price Performance

   Nickel Metal Price Performance For personal use only GROWING DEMAND IN ALL SECTORS  Nickel demand very much pegged to the Stainless Steel production – 6% growth 2017, 9.5% growth Q1 2018  Growing demand for Class 1 nickel from the Rechargeable Battery and Electric Vehicle sectors  Global nickel u

7. Slide 7: Mt Gilmore Project

   For personal use only Mt Gilmore Project NSW

8. Slide 8: Mt Gilmore Project – Point of Difference

   Mt Gilmore Project – Point of Difference For personal use only SIMPLE PROCESSING OPTIONS Cobalt Sulphide  Sulphide = low-cost conventional flotation processing Mineralisation  Product options = high value metal concentrate or cobalt/copper sulphates COBALT RIDGE - HIGH-GRADE COBALT DOMINANT  Coba

9. Slide 9: Cobalt Ridge Mineralisation – Simple Metallurgy

   Cobalt Ridge Mineralisation – Simple Metallurgy For personal use only RARE COBALT DOMINANT SULPHIDE DEPOSIT  Benefits of sulphide mineralisation over laterite/oxide deposits  Simple inexpensive processing options – e.g. Flotation + POX  Exceptional recoveries + small mass-pulls to concentrate  C

10. Slide 10: Cobalt Ridge Drilling – High Grade Cobalt

    Cobalt Ridge Drilling – High Grade Cobalt For personal use only Interval (m) Assays Calculated A LOT OF VALUE IN A SMALL AREA Hole ID From Width Co % Cu % Au g/t CuEq % PUL 18 37 16 0.30 0.21 0.10 3.34  Multiple parallel east-west lodes hosting 96 11 0.32 0.18 0.11 3.52 plunging high-grade zones PU

11. Slide 11: Cobalt Ridge Drilling – High Grade Cobalt

    Cobalt Ridge Drilling – High Grade Cobalt For personal use only 11

12. Slide 12: New Cobalt Mineralisation Discovered

    New Cobalt Mineralisation Discovered For personal use only MT GILMORE TREND  Large metal-rich corridor >18km strike – under explored  Widespread Co-Cu-Au anomalism – very large hydrothermal system  Recent soil sampling has defined multiple targets – most basement outcrops are anomalous in metals

13. Slide 13: Mt Gilmore Project – Takeaways

    Mt Gilmore Project – Takeaways For personal use only ESTABLISHING MT GILMORE AS A PREMIER COBALT PROJECT  Cobalt – a rare commodity with demand growth  Cobalt – a strategic metal for the booming rechargeable battery sector  Recent cobalt price increases driven by speculative buying due to supply

14. Slide 14: Lynn Lake Project

    For personal use only Lynn Lake Project Canada

15. Slide 15: Lynn Lake Nickel-Copper-Cobalt Sulphide Project

    Lynn Lake Nickel-Copper-Cobalt Sulphide Project For personal use only PROLIFIC HISTORICAL MINING CENTRE  1 mt/yr operation from 1954 to 1976 Proven Producer  100% controlled(1) by Corazon Mining  Excellent infrastructure – power, water & township  Rising metal prices result in a renewed focus on

16. Slide 16: Lynn Lake – A Major Development Opportunity

    Lynn Lake – A Major Development Opportunity For personal use only BUILDING ON THE FOUNDATIONS OF A WORLD CLASS MINE  Rising metal prices and positive forecasts result in a renewed focus on defining Lynn Lake’s development potential  Resource up-date expected Q3 2018  6,000 historical drill holes

17. Slide 17: Lynn Lake - Seeking Resource & Processing Improvements

    Lynn Lake - Seeking Resource & Processing Improvements For personal use only COBALT TO BE INCLUDED IN NEW RESOURCE ESTIMATES FOR THE VERY FIRST TIME  Cobalt – a valuable metal credit for the Lynn Lake deposits  Historically produced but not reported  Linear statistical correlation for nickel-coba

18. Slide 18: Lynn Lake Exploration – In the Shadow of a Headframe

    Lynn Lake Exploration – In the Shadow of a Headframe For personal use only HUGE POTENTIAL FOR DISCOVERY Difficult terrain to access  Previous operators had a strong mining and processing focus  Regionally difficult ground to explore – limited outcrop, extensive water/swamp, glacial till or snow co

19. Slide 19: Lynn Lake – Fraser Lake Complex (FLC)

    Lynn Lake – Fraser Lake Complex (FLC) For personal use only IP Chargeability LARGE Ni-Cu-Co MAGMATIC SULPHIDE DISCOVERY Image  The Matrix Trend IP chargeability high anomaly is caused by magmatic Ni-Cu-Co sulphide mineralisation  Where drilled, the Matrix Trend is interpreted to be a sulphide rich

20. Slide 20: Corazon - An Overview

    Corazon - An Overview For personal use only PROJECT QUALITY  Two exceptional projects with demonstrated prospectivity in key, demand-driven commodities  Both projects have the capacity for large economic mineral deposits  Current market sentiment for cobalt, nickel and copper supports Corazon’s i

21. Slide 21: Competent Person’s Statement

    Competent Person’s 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

22. Slide 22: For personal use only

    For personal use only LEVEL 1, 329 HAY ST, SUBIACO WA 6008 PO BOX 8187, SUBIACO EAST WA 6008 +61(8) 6142 6366 INFO@CORAZON.COM.AU WWW.CORAZON.COM.AU

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