Corazon Mining Limited · ASX:CZN
Corazon Mining — Shareholder Meeting (November 2012)
19 slides from Corazon Mining's shareholder meeting presentation, Nov 28, 2012
Slide 1: Base and Precious Metals Explorer – Australia & Canada
Slide 1 For personal use only NICKEL-COPPER SULPHIDE GOLD COPPER-GOLD Lynn Lake, Canada Beaucage Lake, Canada Top Up Rise, Australia Base and Precious Metals Explorer – Australia & Canada Annual General Meeting Presentation, 28 November 2012 ASX: CZN
Slide 2: Forward Looking Statements
Slide 2 Forward Looking Statements For personal use only 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 involve certain risks. Actual results and future outcomes wi
Slide 3: Diversified Junior Explorer – Multiple High Impact Opportunities
Slide 3 Diversified Junior Explorer For personal use only Multiple High Impact Opportunities Nickel-Copper Canada Gold Canada Lynn Lake Project: option to acquire 100% Beaucage Lake Project: option to acquire 100% Development opportunity – old mining centre Extensive surface mineralisation – high Po
Slide 4: Corporate Snapshot
Slide 4 Corporate Snapshot For personal use only Capital structure Key shareholders Ordinary shares1 139.14M Top 20 30.44% Options1, 2 66.54M Macquarie Bank Ltd. 5.89% Market Cap (@ $0.03/share) $4.14M The Board 5.19% Cash (Q3 2012) $544,000 UBS Wealth Management 3.10% Investments $651,000 Receivabl
Slide 5: Canadian Projects – Lynn Lake
Slide 5 Canadian Projects – Lynn Lake For personal use only Lynn Lake Mining District Brown-fields exploration play Excellent infrastructure Potential fast-track to development ASX: CZN
Slide 6: Canadian Projects – Lynn Lake
Slide 6 Canadian Projects – Lynn Lake For personal use only Barrington Lake MacLellan Gold Mine Farley Gold Mine Copper Deposit (2M oz resource) (historical production 213 koz) Lynn Lake Township Lynn Lake Ni-Cu Project (historical production 22.2Mt @ 1%Ni, Fox Cu-Zn Mine 0.5%Cu) (historical product
Slide 7: Lynn Lake: Historical Mining Hub
Slide 7 Lynn Lake: Historical Mining Hub For personal use only Canada’s 3rd largest historical Ni producing area Historical Production Sheritt Gordon 23 yr operation: 1953-1976 Production: 22.2 Mt @ 1% Ni & 0.5% Cu Maximum mining depth to 1,100m below surface Plus 85% recovery for all metals CZN’s M
Slide 8: Lynn Lake Mining Centre – Ni/Cu
Slide 8 Lynn Lake Mining Centre – Ni/Cu For personal use only North EL Mine Mine Area Plan View 150 Plug EL Mine A Plug Deposits Near surface – possible start-up tonnages for project 2000 foot level New High-Grade Discovery Exploration upside Prophecy Tenements Corazon Tenements N & O Deposits 2007
Slide 9: The EL Deposit: Exploration Target
Slide 9 The EL Deposit: Exploration Target* For personal use only UPPER ZONE Tonnage Range Drill Defined 0 - 200m below surface From To Mineralisation Historical (not included in Workings Low cost opencut mining option 2,200,000 2,600,000 resource) Grade Range Contained Metal Range Metal From To Fro
Slide 10: The EL Deposit: Depth Potential
Slide 10 The 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 44.75m @ 1.55%Ni & 0.65%Cu -800 mbs 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 hole Cross-Section
Slide 11: Beaucage Lake Gold Project
Slide 11 Beaucage Lake Gold Project For personal use only Value Option to purchase 100% of project High grade gold mineralisation in outcrop over 7-8 km strike Close to existing Company operations No comprehensive recent exploration – mostly mid-late 1980’s work Minimal project holding costs or expe
Slide 12: Australian Project - Top Up Rise
Slide 12 Australian Project - Top Up Rise For personal use only Cu-Au Exploration Project Value Option to earn up to 75% in project Large un-tested gravity anomaly – similar in size to the Olympic Dam anomaly Indicators of Cu/Au and IOCG mineralisation - target deposits typically very large Low cost
Slide 13: Top Up Rise: Frontier Exploration
Slide 13 Top Up Rise: Frontier Exploration For personal use only Recent geophysics identifies gravity anomaly in Gibson Desert Remote & under cover 1994-2002 AGSO identified large Proterozoic intrusive alteration system at Mt Webb - characteristics associated with Cu-Au systems Top Up Rise Toro Ener
Slide 14: Top Up Rise: Cu-Au Exploration
Slide 14 Top Up Rise: Cu-Au Exploration For personal use only No previous ground exploration Large multiple point anomaly Dense but not mafic? Toro Energy 2011 IOCG Discovery BHP 1995 Targets Bouguer gravity image over High density gravity image over Aeromagnetic image aeromagnetic shadow aeromagnet
Slide 15: Top Up Rise: Gold-Copper Target
Slide 15 Top Up Rise: Gold-Copper Target For personal use only Large amplitude residual gravity anomaly Target model type – Olympic Dam IOCG + REE + U Anomaly has similar footprint to Olympic Dam Cu-Au-U gravity anomaly Closest regional outcrop anomalous in IOCG pathfinders: Haematite, REE, Cu & U A
Slide 16: Top Up Rise: Acquisition
Slide 16 Top Up Rise: Acquisition For personal use only Low cost early stage entry - huge potential Conditions Precedent:- due diligence, Ministerial Access Permit & shareholder approval (Brett Smith is a Director and Shareholder of the Vendor). Stage 1 – Corazon to earn 10% in Border Exploration Pt
Slide 17: Summary – Multiple Opportunities
Slide 17 Summary – Multiple Opportunities For personal use only Nickel-Copper Canada – Option to acquire 100% Development opportunity: CZN with a secure a long term benefit at Lynn Lake Potential for near-surface start-up tonnages for any new mining operation Exploration up-side – high-grade mineral
Slide 18: Disclaimers & Important Information
Slide 18 Disclaimers & Important Information For personal use only Exploration Target This Exploration Target is conceptual in nature, there has been insufficient exploration (namely drilling of verifiable quality) to define a mineral resource and it is uncertain if further exploration will result i
Slide 19: Contacts
Slide 19 For personal use only Contacts Brett Smith James Moses Managing Director Media and Investor Relations Ph +61 (8) 6364 0518 Ph +61 420991574 E: james@mandatecorporate.com.au Corazon Mining Limited Level 1, 350 Hay Street, Subiaco WA 6008 PO Box 8187, Subiaco East WA 6008 www.corazon.com.au A