Corazon Mining Limited · ASX:CZN

Corazon Mining — Investor Presentation (December 2021)

31 slides from Corazon Mining's investor presentation, Dec 14, 2021

1. Slide 1: Investor Presentation

   For personal use only Investor Presentation Exploration and Development Nickel Copper Cobalt 14 December 2021 | ASX: CZN

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: Corazon Mining Limited – At A Glance

   Corazon Mining Limited – At A Glance For personal use only Overview Capital Structure – ASX:CZN Corazon is an ASX listed junior mineral exploration company Issued Shares 285m with projects in Canada and Australia. Quoted Options(1) 26.5m The Company’s target commodities include nickel, copper and Un

4. Slide 4: Corazon Mining Limited – Battery Metals Focus

   Corazon Mining Limited – Battery Metals Focus PROJECT LOCATION BENEFITS OF 1ST WORLD JURISDICTIONS For personal use only Lynn Lake – 100% Nickel-Copper-Cobalt  Prolific historical mining centre  Large resources – drilled out and partially developed  Redevelopment opportunity  Exciting discovery

5. Slide 5: Nickel a "New World Metal"

   Nickel a “New World Metal” NICKEL IS A CRITICAL COMPONENT OF For personal use only RECHARGEABLE BATTERIES Average Nickel US$ Prices Nickel Price 1980 – 2020 Source – Statista  Historical nickel price performance is reflective of: Today  Demand from the stainless steel sector  Growth of emerging e

6. Slide 6: Lynn Lake Project – Nickel for a New World

   Lynn Lake Project – Nickel for a New World MANUFACTURERS STRUGGLING TO SUPPLY EV’S WITH BATTERIES For personal use only 12 Months 69% Growth Passenger Vehicles Source: BloombergNEF Value of Nickel in EVs Sold Globally ($) Value of Nickel as % of Index Total Source – Mining.Com – 23 September 2021 –

7. Slide 7: Lynn Lake Project – Acquisition

   Lynn Lake Project – Acquisition COUNTER-CYCLICAL PROJECT ACCUMULATION For personal use only Average Nickel US$ Prices  Corazon has secured the entire Lynn Lake Mining Nickel Price 1980 – 2020 Source – Statista Centre over a period in which there was little market Today interest in nickel sulphide 

8. Slide 8: Lynn Lake Project – Discovery and Development

   Lynn Lake Project – Discovery and Development POTENTIAL SOURCE FOR CRITICAL BATTERY METALS For personal use only  Battery manufacturers looking to new markets in North America and Europe “Ford Motor Co. plans $11.4 billion spend on battery and EV manufacturing in the US … addition 129 GWh battery c

9. Slide 9: Lynn Lake Mining Centre

   Lynn Lake Mining Centre PROLIFIC HISTORICAL NICKEL PRODUCING AREA For personal use only  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 Sh

10. Slide 10: Lynn Lake Mining Centre

    Lynn Lake Mining Centre PROLIFIC HISTORICAL NICKEL PRODUCING AREA For personal use only  On-going digital capture of historical paper/cloth data is a critical resource for re-development studies  High quality JORC resource – drilled out – partially developed and mined Lynn Lake Townsite and Mining

11. Slide 11: Lynn Lake Development Rationale

    Lynn Lake Development Rationale OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT For personal use only  100% ownership of nickel sulphide mining centre Road Community and prospective exploration ground  Not remote – exceptional infrastructure – significantly reduces start-up capital requiremen

12. Slide 12: Lynn Lake Nickel District

    Lynn Lake Nickel District TWO-PRONGED STRATEGY – DEVELOPMENT AND EXPLORATION For personal use only 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 deli

13. Slide 13: A Significant Class-1 Nickel Resource

    A Significant Class-1 Nickel Resource HIGH QUALITY RESOURCE – PARTIALLY DEVELOPED For personal use only  Mining studies targeting improvements  Lower cost bulk mining Golf Disco  Efficient materials handling  Utilisation of renewable P hydro power supply O  More effective metallurgical N proces

14. Slide 14: A Significant Class-1 Nickel Resource

    A Significant Class-1 Nickel Resource HIGH QUALITY RESOURCE – PARTIALLY DEVELOPED For personal use only  Mining studies targeting improvements  Lower cost bulk mining  Efficient materials handling Golf  Utilisation of renewable hydro power supply Disco  More effective metallurgical processing o

15. Slide 15: Exciting Discovery Potential Within Region

    Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS For personal use only 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 magn

16. Slide 16: Exciting Discovery Potential Within Region

    Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS For personal use only Drilling – 1950’s Muskeg Terrain Difficult terrain for exploration in both summer and winter 16

17. Slide 17: Exciting Discovery Potential Within Region

    Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS For personal use only Drilling – 1950’s Drilling – Today 17

18. Slide 18: Exciting Discovery Potential Within Region

    Exciting Discovery Potential Within Region EXPLORATION TESTING FOR CONCEALED DEPOSITS For personal use only 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 magn

19. Slide 19: Fraser Lake Complex – Priority Exploration Target Within Region

    Fraser Lake Complex – Priority Exploration Target Within Region For personal use only FERTILE WITH NICKEL-COPPER-COBALT SULPHIDE MobileMT Magnetic Susceptibility Slice Image at ~450m below surface  The Matrix IP Chargeability High provided the early exploration focus at the FLC  Extensive magmatic

20. Slide 20: FLC Drill Core

    FLC Drill Core For personal use only MAPS SULPHIDE DEVELOPMENT  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  Increasing in the Matrix Trend nickel + copper  Varying in Locati

21. Slide 21: Fraser Lake Complex – Priority Exploration Target Within Region

    Fraser Lake Complex – Priority Exploration Target Within Region For personal use only 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 Targe

22. Slide 22: Lynn Lake – A Significant Ni-Sulphide Camp

    Lynn Lake – A Significant Ni-Sulphide Camp EXPLORATION AND DEVELOPMENT WORK IN PROGRESS For personal use only 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 scenario  New geolo

23. Slide 23: Miriam Project

    23 For personal use only MIRIAM PROJECT

24. Slide 24: Miriam Nickel Project – Western Australia

    Miriam Nickel Project – Western Australia OPPORTUNITY TO EXPAND COMPANY’S NICKEL INVENTORY For personal use only  Option exercised to acquire 100% of Project – due diligence currently being finalised  Discovered in 1969 – drilling identified a ‘high nickel tenor’ within komatiite hosted massive an

25. Slide 25: Miriam Nickel Project – Western Australia

    Miriam Nickel Project – Western Australia FERTILE NICKEL SUPHIDE SYSTEM WITH UNTESTED POTENTIAL For personal use only  Extensive cover with +80m of weathering  Projects fertility expressed with extensive disseminated sulphide in shallow drilling along the Miriam Trend  Historical (low-powered) ge

26. Slide 26: Mt Gilmore Project

    26 For personal use only MT GILMORE PROJECT

27. Slide 27: Mt Gilmore – High Grade Copper in Soils

    Geology + Copper 21.6 %Cu Mt27 Gilmore – High Grade Copper in Soils Image 361 ppmAg For personal use only 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

28. Slide 28: Mt Gilmore Project - Cobalt Ridge Prospect

    Mt Gilmore Project - Cobalt Ridge Prospect For personal use only 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 Rec

29. Slide 29: Corazon – Way Forward

    Corazon – Way Forward RIGHT COMMODITIES – PERFECT TIMING For personal use only 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, 5,300

30. Slide 30: Competent Person Statement

    Competent Person 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

31. Slide 31: Contact

    For personal use only 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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