Slide 1: Corazon Mining Limited Corporate Presentation - April 2013
For personal use only Corazon Mining Limited Corporate Presentation - April 2013
Slide 2: Multiple High Impact Opportunities
Multiple High Impact Opportunities Lynn Lake Project Top Up Rise Project For personal use only Nickel / copper sulphide Prospective for IOCG mineralisation Option to acquire 100% Option to earn 75% Development opportunity – old mining centre with Very large untested gravity anomaly resou
Slide 3: Corporate Overview
Corporate Overview For personal use only Capital Structure Share Price & Volume Current Share Price A₵ 4.0 0.08 35 Million Shares Closing Price (A$) Daily Volume Traded On-Market Daily Close Price Shares on Issue # 290.5M 0.07 30 Options on Issue 1 # 81.5M 0.06 25 Market Capitalisation A$ 11.6M 0.05
Slide 4: Current Focus: Top Up Rise Project (TUR)
Current Focus: Top Up Rise Project (TUR) Potential for a Very Large Discovery Aeromagnetic Interpretation over Gravity High Image For personal use only Large undrilled gravity anomaly IOCG or intrusive copper-gold target Nearest outcrops anomalous in IOCG metals Target deposit-style typicall
Slide 5: TUR: New Exploration Territory
TUR: New Exploration Territory Recent Geophysics Identifies Very Large Gravity Anomaly in Gibson Desert For personal use only Remote and under cover Outcrop Geology & Topographic Map (GSWA 1:250k) 1994-2002 AGSO identified large Proterozoic intrusive alteration system at Mt Webb - characteristic
Slide 6: Top Up Rise: Very Large Anomaly
Top Up Rise: Very Large Anomaly TUR: Very Large Anomaly No Previous Ground Exploration Large, Multiple Point Anomaly Dense, but Not Mafic? For personal use only Toro Energy 2011 IOCG Discovery BHP 1997 Targets Bouguer gravity image over High density gravity image over Aeromagnetic image aeromagnetic
Slide 7: TUR: Significant Gravity Anomaly
TUR: Significant Gravity Anomaly Large Amplitude Gravity Anomaly For personal use only Target model type: Olympic Dam IOCG + REE + U Very high peak residual anomaly Anomaly has similar size footprint to the Olympic Dam Cu-Au-U gravity anomaly Closest regional outcrop anomalous in IOCG pathfi
Slide 8: TUR: Next Steps
TUR: Next Steps The exploration program in 1st half of 2013 will provide potential For personal use only for a transformational discovery Ground Geophysics Access Permit & Heritage Clearances received Ground geophysics underway (will complete mid-April) Drill targets will be determined through
Slide 9: TUR: Current Ground Gravity Survey
TUR: Current Ground Gravity Survey Detailed Ground Gravity Survey For personal use only Outline of proposed ground gravity survey In Progress 1,850 gravity stations proposed Estimated 3 weeks work in total Preliminary results suggest: Outline of GSWA gravity high anomalies Gravity response i
Slide 10: TUR: Acquisition Terms
TUR: Acquisition Terms Conditions Due diligence completed and shareholder approval granted (Brett Smith is a Director For personal use only Precedent and Shareholder of the Vendor); Ministerial Access Permit received Stage 1 Corazon to earn 10% in Border Exploration Pty Ltd for: 15 million CZN sha
Slide 11: Canadian Projects Underpin CZN Value
Canadian Projects Underpin CZN Value Lynn Lake Mining District For personal use only Brownfields exploration Excellent infrastructure Potential fast-track to development ASX: CZN | PAGE 11
Slide 12: Canadian Projects – Lynn Lake
Canadian Projects – Lynn Lake Overview of Canadian Projects For personal use only Barrington Lake MacLellan Gold Mine Farley Gold Mine Copper Deposit (2M oz resource) (historical production 213 koz) Lynn Lake Nickel-Copper Sulphide Project Beaucage Lake Option to acquire 100% of project – October
Slide 13: Lynn Lake: Historical Mining Centre
Lynn Lake: Historical Mining Centre Historical Production Current Resources For personal use only Sheritt Gordon 23 year operation: 1953- Corazon – EL Plug: 1976 1.8Mt @ 0.8% Ni, 0.4% Cu & 0.02% Co Production: 22.2 Mt @ 1% Ni & 0.5% Cu Prophecy Platinum* – A Plug: Maximum mining depth to
Slide 14: Lynn Lake Mining Centre – Nickel-Copper
Lynn Lake Mining Centre – Nickel-Copper Lynn Lake Mining Centre For personal use only ASX: CZN | PAGE 14
Slide 15: The EL Deposit: Exploration Target
The EL Deposit: Exploration Target* EL Deposit: Exploration Target UPPER ZONE Tonnage Range Drill Defined 0 - 200m below surface From To Mineralisation For personal use only Historical (not included in Workings Low cost opencut mining option 2,200,000 2,600,000 resource) Grade Range Contained Metal
Slide 16: The EL Deposit: Depth Potential
The EL Deposit: Depth Potential EL Deposit: Depth Potential For personal use only -700 mbs Discovery Hole XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu Deepest Result CRZ012 -800 mbs 44.75m @ 1.55%Ni & 0.65%Cu Including:- 3.85m @ 2.83%Ni & 0.24%Cu 11.03m @ 2.31%Ni & 1.01%Cu 11.51m @ 2.37%Ni & 0.78%Cu Drill
Slide 17: Beaucage Lake Gold Project
Beaucage Lake Gold Project Strong Value Proposition For personal use only Option to purchase 100% of project High grade gold mineralisation in outcrop over 7 - 8 kilometre strike Close to existing operations No comprehensive recent exploration – mostly mid-late 1980’s work Minimal project
Slide 18: High Impact Work Program
High Impact Work Program Multiple Opportunities to be tested in 2013 (and fully funded): For personal use only Copper-Gold Australia: Potential for transformational discovery Nickel-Copper Canada: Development potential Gold Canada: High grade gold identified, drilling Q3 2013 after TUR drillin
Slide 19: Investment Rationale
Investment Rationale Multiple High Impact Opportunities & Significant Leverage For personal use only Gold-Copper Australia: Option to Earn 75% Unique opportunity with huge upside Ground geophysics underway Drilling (~2,000 metres) to commence in May 2013 Nickel-Copper Canada: Option to Acq
Slide 20: Disclaimers & Important Information
Disclaimers & Important Information Forward Looking Statements This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and forward looking statements which are no guarantee of future performance and which For personal use only involve certain risks. Actual
Slide 21: Contacts
Contacts For personal use only Brett Smith Managing Director Corazon Mining Limited P: +61 (8) 6142 6366 James Moses Media and Investor Relations P: +61 (0) 420 991 574 E: james@mandatecorporate.com.au Corazon Mining Limited A: Level 1, 350 Hay Street, Subiaco WA 6008 | P: PO Box 8187, Subiaco WA 60