Corazon Mining Limited · ASX:CZN
Corazon Mining — Shareholder Meeting (November 2024)
28 slides from Corazon Mining's shareholder meeting presentation, Nov 12, 2024
Slide 1: Annual General Meeting Presentation
For personal use only Annual General Meeting Presentation Exciting, New Base & Precious Metals Project Manitoba – Canada 12th November 2024
Slide 2: Disclaimer – Forward Looking Statement
DISCLAIMER FORWARD LOOKING STATEMENT This presentation has been prepared by Corazon Mining Limited (“Corazon” or “Company”). 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 i
Slide 3: Quality First-World Mineral Assets
CORAZON MINING LIMITED – CRITICAL & PRECIOUS METALS QUALITY FIRST-WORLD MINERAL ASSETS For personal use only (ASX announcement 11 November 2024) Pre-Raise* Post-Raise** Shareholder Composition Issued Shares 668m 1,536m Number of Shareholders 2,400 Options/Rights 62m 1,160m Top 20 Shareholders 56% Ma
Slide 4: Board and Management
CORAZON MINING LIMITED – BOARD AND MANAGEMENT NON-EXECUTIVE CHAIR – KRISTIE YOUNG B.Eng (Mining) Hons, GAICD, F.AusIMM Ms Young has a unique background developed over +25 years across mining engineering, business development, project evaluation, marketing, strategy, growth, For personal use only cor
Slide 5: A Diverse Asset Portfolio of Quality First-World Mineral Assets
CORAZON MINING LIMITED – CRITICAL & PRECIOUS METALS A DIVERSE ASSET PORTFOLIO OF QUALITY FIRST-WORLD MINERAL ASSETS For personal use only LYNN LAKE BASE & PRECIOUS METALS LYNN LAKE – 100% MacBride Copper-Zinc-Gold Project – Acquiring 100% NICKEL-COPPER-COBALT • “Polymetallic Strategy” developing q
Slide 6: Building a Significant Poly-Metallic Project at Lynn Lake
BUILDING A SIGNIFICANT POLY-METALLIC PROJECT AT LYNN LAKE CORAZON – 100% RIGHTS TO MULTIPLE CRITICAL METAL DEPOSITS For personal use only Corazon Corazon Lynn Lake Ni-Cu-Co Acquisitions Mining Centre 1954-1976 Production (21) 206,200t Ni, 107,600t Cu Resource (22) 116,800t Ni, 54,300t Cu Strategic M
Slide 7: Building a Significant Poly-Metallic Project at Lynn Lake
BUILDING A SIGNIFICANT POLY-METALLIC PROJECT AT LYNN LAKE Large JORC resources – prolific historical Ni-Cu-Co mining centre Two outcropping drill-defined high-grade Cu-Au-Zn & Zn-Cu massive For personal use only Beneficial infrastructure + hydropower sulphide deposits Potential long-life, low-cost m
Slide 8: MacBride Geology and Priority Targets
MACBRIDE GEOLOGY AND PRIORITY TARGETS Multiple priority geophysical conductors (2) Interpreted Geology and VTEM Conductors (2) • Processing of a 2008 VTEM survey defined multiple conductors For personal use only • Nine priority conductors selected • One priority conductor is coincident with the high
Slide 9: MacBride Project – Wellmet & MacBride Deposits
MACBRIDE PROJECT – WELLMET & MACBRIDE DEPOSITS Wellmet Copper-Gold Horizon (1) – Selected Historical Drill Intercepts MacBride Project Historical Exploration For personal use only • Outcropping Wellmet and MacBride deposits were discovered in the mid-1950’s, with campaign drilling completed up to th
Slide 10: MacBride Project
MACBRIDE PROJECT Historical Drilling – MacBride Deposit (1) For personal use only • Campaign drilling programs completed from discovery in the mid- 1950’s until the mid-1990’s – majority of work undertaken in the 1970’s • MacBride drilling totals 41 core holes for 6,847.5m over a ~400m strike • The
Slide 11: Mine Camp Analogy – Snow Lake Manitoba
MINE CAMP ANALOGY – SNOW LAKE MANITOBA Flin Flon Greenstone Belt – Chisel Basin Analogy • The Flin Flon Greenstone Belt hosts approximately 30 developed deposits containing close to For personal use only 180 Mt of sulphide ore (3) • Multiple copper-zinc-gold sulphide deposits along stratigraphic/str
Slide 12: MacBride – Next Steps – A Potential Mine Camp
MACBRIDE – NEXT STEPS – A POTENTIAL MINE CAMP Complete geological and resource modelling on historical Interpreted Geology and VTEM Conductors (2) For personal use only drilling at the MacBride deposit • Provides a target model for the other 8 untested priority conductors Extend aerial geophysical s
Slide 13: MacBride Project – Compelling Acquisition
MACBRIDE PROJECT – COMPELLING ACQUISITION For personal use only MacBride Deposit Sulphide (VMS) deposits The township and historical Manitoba accelerating long- Wellmet Deposit typically occur in clusters mining centre at Lynn Lake term sustainable development Numerous un-drilled provides beneficial
Slide 14: Accelerated Demand Needed to Achieve Zero Emissions Targets
For personal use only Accelerated Demand Needed to Achieve Zero Emissions Targets
Slide 15: Critical Metals: Copper – Zinc – Nickel
CRITICAL METALS : COPPER – ZINC – NICKEL Essential in the “transition to renewable energy sources” For personal use only Kg/MW Copper Zinc 1. Iron 1. Lithium 2. Aluminum 2. Nickel 3. Copper 3. Cobalt 4. 4. Magnesium 5. Nickel 5. Aluminum 6. Lead 6. Copper Comparison of minerals used in Energy 7. Tin
Slide 16: Critical Metals: Copper – Zinc – Nickel
CRITICAL METALS : COPPER – ZINC – NICKEL Essential in the “transition to renewable energy sources” For personal use only (15) Copper demand to grow between 55% and 70% – critical for the rapid deployment of renewables and EVs (18)(16) Zinc demand to increase between 100% and 230% on the back of rene
Slide 17: For personal use only
Website LinkedIn For personal use only For further information, please contact: Brett S Smith Managing Director Corazon Mining Limited Telephone: +61 8 6166 6361 Email: info@corazon.com.au Website: corazon.com.au
Slide 18: Appendix I: Nickel-Copper-Cobalt Sulphide Development Opportunity
Appendix I For personal use only Nickel-Copper-Cobalt Sulphide Development Opportunity
Slide 19: Lynn Lake Project Location and Infrastructure
LYNN LAKE PROJECT LOCATION AND INFRASTRUCTURE Prolific Nickel Sulphide Intrusive Complex Farley Shaft A Shaft For personal use only Produced 206,200t Ni and 107,600t Cu (21) • Over 20 separate nickel sulphide deposits • A Plug – 18Mt @ 0.88% Ni + 0.47% Cu Lynn Lake Townsite & Mine 1972 • EL Plug – 1
Slide 20: Nickel Rich Plugs – Geologically Unique Within the Region
NICKEL RICH PLUGS – GEOLOGICALLY UNIQUE WITHIN THE REGION (22) For personal use only 100% Sulphide Nickel (Negligible Unrecoverable Silicate Nickel) References provided in Slide 28 20
Slide 21: Mine Design Concepts
MINE DESIGN CONCEPTS* Cost reduction via mine design, material handling efficiencies and processing innovation For personal use only Detailed mine scheduling and optimisation work underway Base Case Study includes +1Mtpa flotation plant Dual feed streams of High Grade (ROM) and Upgraded Low Grade ta
Slide 22: Processing – Conceptual Flowchart
PROCESSING – CONCEPTUAL* FLOWCHART Beneficial Innovative Processing Technologies For personal use only Low-Grade Upgrading Facility Flotation Plant Low-Grade Feed ROM Feed (+0.35% Ni, +0.15% Cu) (+0.6% Ni, +0.3% Cu) Crushed Crushed Feed Feed Copper Float Nickel Float Crushing/Grinding Circulating Lo
Slide 23: Appendix II: Early-Stage Exploration Play for Giant Porphyry Copper-Gold Deposits
Appendix II For personal use only Early-Stage Exploration Play for Giant Porphyry Copper-Gold Deposits
Slide 24: Mt Gilmore Geology + Copper in Soils Image
21.6 %Cu MT GILMORE Geology + Copper in Soils Image 361 ppmAg 0.64 %Cu 0.17 g/t Au 176 ppmCo 294 ppmMo 0.78 %Cu For personal use only 148 ppmCo 10.75 %Cu 0.12 g/tAu 180 ppmCo 0.11 g/tAu 74.7 ppmAg 0.41 %Cu + 20 km strike anomaly 0.52 %Zn 409 ppmCo Extensive high-grade mineralisation at 0.82 g/tAu su
Slide 25: Mt Gilmore
MT GILMORE For personal use only Innovative mineral chemistry vectoring studies (24) identifies May Queen as a target for Giant Porphyry Copper-Gold Deposits Target has coincidental surface copper anomalism and May Queen geophysical characteristics potentially indicative of Drilling Target porphyry
Slide 26: Appendix III: Nickel Sulphide & Gold Exploration, Li-Pegmatite (Free-Carried) JV
Appendix III For personal use only Nickel Sulphide & Gold Exploration Li-Pegmatite (Free-Carried) JV
Slide 27: Miriam Nickel Sulphide, Gold and Lithium Project
MIRIAM NICKEL SULPHIDE, GOLD AND LITHIUM PROJECT For personal use only 1969 Ni-Sulphide Discovery drilling: • 9.6m @ 5.60% Ni • 12.5m @ 0.56% Ni • 3.2m @ 2.59% Ni • 0.9m @ 5.57% Ni • 6.1m @ 0.90% Ni Forrest Gold Multiple “base of channel” targets defined over a 2.5km trend (11) Deposit Pegmatites …
Slide 28: References
REFERENCES This presentation includes historical exploration results and project information. The Company is not aware of any new information or data that materially affects the information included in this presentation, and the Company confirms that, to the best of its knowledge, all material assum