Slide 1: Company Presentation
For personal use only Company Presentation ASX : CZN 29 October 2014 ASX: CZN | PAGE 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and forward looking For personal use only statements which are not a guarantee of future performance and which involve certain risks. Actual results and future outcomes will
Slide 3: Corporate Overview
Corporate Overview Structure Company Focus For personal use only Market Cap. @ 0.7 cps A$ 2.4M ASX listed nickel exploration company Shares on Issue # 406.6M Options on Issue # 35M Canadian brown-fields exploration project Cash (as at 1/7/14) A$ 2.4M • Development opportunity 52 week share trading r
Slide 4: Company's History
Company’s History Nickel Price For personal use only CZN Share Price CZN – Option Lynn Lake EL Discovery High-Grade Ni Top Up Rise Exit Top Up Rise Option Forecasted Nickel Price Range – 2015 to 2017 EL Resource End of Drilling Drilling New Lynn Lake Commences Option to 2015 ASX: CZN | PAGE 4
Slide 5: Lynn Lake – Mining Centre
Lynn Lake – Mining Centre A Plug Mines For personal use only Historical Production Significant Canadian historical Ni producing regions Sheritt Gordon 23 year operation – 1953 to 1976 EL Plug Production - 22.2 Mtons @ 1% Ni & 0.5% Cu Mine Production rate - 1 Mton per annum Maximum mining depth to 1,
Slide 6: Lynn Lake – Project Location
Lynn Lake – Project Location For personal use only Raglan Voiseys Bay Lynn Lake Thompson Ontario Sudbury Major Canadian Nickel Projects ASX: CZN | PAGE 6
Slide 7: Geological Interpretation
Geological Interpretation LEGEND For personal use only Shaft – Nickel Mine Nickel Deposit VMS Deposit A Shaft A Plug Farley Shaft EL Plug EL Mine Precambrian Lynn Lake Greenstone Belt Ni-Cu-Co sulphides hosted by differentiated South Plug mafic – ultramafic intrusions • Late stage sulphide rich melt
Slide 8: Core Photos - Mineralisation
Core Photos - Mineralisation For personal use only ASX: CZN | PAGE 8
Slide 9: Metal Rich Region
Metal Rich Region LEGEND For personal use only Shaft – Nickel Mine Airstrip Nickel Deposit VMS Deposit A Shaft D Deposit A Deposit E Deposit Township B&K Deposits Farley Shaft P Deposit A Plug Mining Area O Deposit Zn, Cu, Ag N Deposit Zn, Cu Zn, Cu, Au Zn, Au, Pb, Cu, Ag Zn, Ag Zn, Cu, Ag EL Deposi
Slide 10: Large Mineralised System
Large Mineralised System For personal use only North EL Mine Mine Area Plan View 150 Plug EL Mine A Plug Deposits Mined 1.9Mt @ 2.5% Ni, 1.15% Cu 2000 foot level New High-Grade Discovery Corazon Tenements Victory Tenements N, O Deposits Wardrop - 2007/8 Pre-Feas Study Mine Area Cross-Section View (w
Slide 11: Victory Nickel Inc – NI 43-101 Resource
Victory Nickel Inc – NI 43-101 Resource Summary - A Plug NI 43-101 Resource1 For personal use only N, O & G Deposits, Lynn Lake, February 2010 COG Ni% Grade Contained Metal Deposit Tonnes3 Tons Eq2 Ni% Cu% Ni% Eq2 Tonnes Ni Tonnes Cu Measured, Indicated & Inferred Resource Categories N, O, G 0.4 28,
Slide 12: Mine Long Section Schematic
Mine Long Section Schematic For personal use only NI 43-101 resource stated by Victory Nickel Inc (TSX:NI) is a “foreign estimate of mineralisation” not reported in accordance with JORC. Insufficient work by the competent person has been undertaken on the foreign resource estimate to classify in acc
Slide 13: EL Deposit – Potential
EL Deposit – Potential Upper Zone Drill Defined Mineralisation Historical For personal use only (not included in Workings Drill defined mineralisation resource) – Not within resource – Possible early mill-feed Conceptual Pit shell Mid Zone Interim Inferred Resource Inferred Resource JORC 200
Slide 14: The EL Deposit - Depth Potential
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 -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 hole Cross-Section Looking
Slide 15: Recent Ni-Cu-Co Discoveries
Recent Ni-Cu-Co Discoveries EL Plug For personal use only EL Lower Zone – Corazon Mining Limited (ASX:CZN) – 23.75m @ 3.34% Ni, 1.54% Cu & 0.079% Co from 731.25 m – Announced 28th June 2011 A Plug Disco (Maxwell) Deposit - Western Areas NL (ASX: WSA) – 18m @ 1.5% Ni, 0.70% Cu & 0.040% Co fro
Slide 16: Regional Exploration Targets
Regional Exploration Targets Geological Interp 1:500k Prospective for multiple types of mineralisation For personal use only Difficult terrain, targets predominantly under cover Magnetic features – target = additional mafic plugs possible VTEM conductors – target = massive sulphides (VMS or Ni/Cu) A
Slide 17: Summary of Lynn Lake Opportunity
Summary of Lynn Lake Opportunity Lynn Lake - a mining proposition For personal use only Large project Excellent existing infrastructure Low-grade system – development nickel price dependent – 2007 pre-feasibility identified low cost operation with a cost of US$7.06/lb nickel and US$4.90/lb n
Slide 18: Current Activities
Current Activities Resource Up-grade For personal use only EL Resource to JORC 2012 EL near surface mineralisation (upper zone) – migrate to resource Exploration Look to extend VTEM to cover South Plug Regional target generation and prospect ranking – in progress ASX: CZN | PAGE 18
Slide 19: 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 T: +61 (8) 6142 6366 A: Level 1, 350 Hay Street, Subiaco WA 6008 | P: PO Bo
Slide 20: Disclaimer & Important Information
Disclaimer & Important Information Competent Person 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