Slide 1: Annual General Meeting
Annual General Meeting November 2011 For personal use only COMPANY PRESENTATION “Nic kel Sulphide Disc overy in Canada”
Slide 2: Who is Corazon?
Who is Corazon? New high-grade nic kel-c opper sulphide disc overy For personal use only at an old mining distric t in Canada Junior explorer ASX : CZN Market c ap $20.68M Disc overy hole 23.75 m @ 3.34% Ni, 1.54% Cu, 0.08% Co Analogies with historic al mined high-grade 1.9Mt @ 2.5%Ni, 1.15%Cu + Co
Slide 3: Investment Highlights
Investment Highlights For personal use only Spectacular new nickel sulphide discovery below historical nickel mine CZN discovery hole: 23.75m @ 3.34% Ni, 1.54% Cu, 0.08% Co Corazon with option to earn 100% equity in project Canada’s 3rd largest nickel producing area, with Corazon the largest landh
Slide 4: Key Financial Statistics
Key Financial Statistics Capital Structure Share Price & Volume For personal use only Unit Value Million Shares Closing Price (A$) 0.25 9.0 Daily Volume Traded On-Market Daily Close Pric e Current Pric e A$ $0.15 8.0 0.20 Ordinary shares 1 # 137,891,415 7.0 Options 2 # 71,357,710 6.0 0.15 Market Cap
Slide 5: Lynn Lake – Project Location
Lynn Lake – Projec t Loc ation Project Highlights For personal use only Manitoba Provinc e Canada’s 3rd largest nic kel produc ing area CZN – largest land holder in region Exc ellent infrastruc ture – regional hub - Township - Abundant hydro-elec tric ity and water - Sealed airstrip - Road or rail a
Slide 6: Lynn Lake – Mining Centre
Lynn Lake – Mining Centre A Plug For personal use only Mines Historical Production Sheritt Gordon operation – 1953 to 1976 – 23 years Produc tion - 22.2 Mt @ 1% Ni & 0.5% Cu Historic al nic kel pric e at < US$2/lb EL Mine Maximum mining depth to 1,100m below surfac e Current Resources The “A Plug” D
Slide 7: Main Focus – The EL Deposit
Main Foc us – The EL Deposit Obvious Exploration Upside For personal use only Highest grade deposit at Lynn Lake Relatively shallow - only mined to 210m in a South North district with mining depths up to +1,100 metres Mined 1.9 Mt @ 2.5% Ni, Interim Inferred Resource – 0 to 600m depth 1.15% Cu Mined
Slide 8: EL Extensions – High Grade Sulphide Breccia
EL Extensions – High Grade Sulphide Brec c ia For personal use only XND001W1 Truncated Mineralisation South Surface North 23.75 m @ 3.34% Ni, 1.54% Cu & 0.08% Co incl 13 m @ 4.27% Ni & 0.89% Cu Sulphide Fault Breccia Fault Mafic Plan View Intrusion Mined 2000 ft Level Mapping 1.9 Mt @ 2.5 % Ni & 1.1
Slide 9: Lynn Lake – Mining Centre
Lynn Lake – Mining Centre Mine Area Plan View For personal use only North EL Mine 150 Plug EL Mine A Plug Deposits 2000 foot level New High-Grade Discovery Prophecy Tenements Corazon Tenements Mine Area Cross-Section View (looking west) 9
Slide 10: EL Extensions – High Grade Sulphide Breccia
EL Extensions – High Grade Sulphide Brec c ia High-Grade Discovery For personal use only Drill defined over 100m vertical extent Discovery hole XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu -700 mbs XND001 23.5m @ 1.50% Ni & 0.50% Cu XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu incl 13 m @ 4.27% Ni & 0.89% Cu CR
Slide 11: EL Extensions – High Grade Sulphide Breccia
EL Extensions – High Grade Sulphide Brec c ia High-Grade Discovery - Recent Drilling Results For personal use only Discovery hole XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu XND001 23.5m @ 1.50% Ni & 0.50% Cu CRZ011A XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu CRZ011AW1 incl 13 m @ 4.27% Ni & 0.89% Cu XND001W
Slide 12: EL Mine – A Similar Australian Deposit
EL Mine – A Similar Australian Deposit For personal use only Mined 1.9 Mt @ 2.5% Ni, 1.15% Cu 226 Ni t/vm (mined) Mined Depth 132 Ni t/vm 210 m (mining + reserves) Upper Zone Reserve Interim Inferred Resource 2.2 Mt @ 1.26% Ni 1.8 Mt @ 0.8% Ni, 0.4% Cu, Exploration Target (*) 3.5 to 4.6 Mt @ 0.8 - 0
Slide 13: Forward Work Program
Forward Work Program For personal use only Upcoming Milestones: Exploration Early Stage Ongoing Resourc e Target Mine Drill Results upgrade upgrade Planning How big is it? Recent drilling results have re- Already underway Ongoing drilling program to Drilling underway, multiple shaped the d
Slide 14: Corazon Mining Limited – Summary
Corazon Mining Limited – Summary The Asset For personal use only A substantial asset for Corazon Historical mine grades economic Upside tonnage potential Excellent infrastructure Exploration Success EL Mine extensions - high grade breccia defined Fertile region for nickel sulphide & VMS deposits Nea
Slide 15: Disclaimer and Important Information
Disc laimer and Important Information This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and forward For personal use only looking statements which are no guarantee of future performance and which involve certain risks. Actual results and future outcomes
Slide 16: For personal use only
For personal use only ASX : CZN www.corazon.com.au Level 1 PO Box 8187 Ph +61 (8) 6364 0518 350 Hay Street SUBIACO East Fx +61 (8) 6210 1872 SUBIACO WA 6008 WA 6008