Corazon Mining Limited · ASX:CZN
Corazon Mining — Shareholder Meeting (November 2020)
20 slides from Corazon Mining's shareholder meeting presentation, Nov 24, 2020
Slide 1: Building a Significant Nickel Sulphide Asset in Canada
For personal use only Building a Significant Nickel Sulphide Asset in Canada & Exploring a New Copper-Cobalt-Gold District in New South Wales ANNUAL GENERAL MEETING 24 November 2020 | ASX: CZN
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
Slide 3: Two Quality Projects – 2020 Headlines
Two Quality Projects – 2020 Headlines For personal use only LYNN LAKE – CANADA MT GILMORE – NEW SOUTH WALES Nickel-Copper-Cobalt Copper-Cobalt-Gold • Secured 100% Ownership of Prolific Nickel Mining • Priority Target Identified for Drilling - Within Centre and Prospective Exploration Ground Regional
Slide 4: Corazon Mining Limited – At A Glance
Corazon Mining Limited – At A Glance For personal use only Projects Capital Structure – ASX:CZN Lynn Lake – Nickel-Copper-Cobalt Sulphide Issued Shares 3.25b • Manitoba, Canada Quoted Options(1) 529.6m • Advanced exploration/development project • Historical mine + prospective exploration ground Unli
Slide 5: Corazon Mining Limited – Building a Significant Nickel Asset
Corazon Mining Limited – Building a Significant Nickel Asset For personal use only A LONG-TERM STRATEGY THAT HAS DEVELOPED INTO AN INCREDIBLE OPPORTUNITY AT THE RIGHT TIME Nickel Price Chart – 23 November 2020 Early exploration success by Corazon at Lynn Lake underpinned the potential of the regio
Slide 6: Lynn Lake Project Background
Lynn Lake Project Background A PROLIFIC HISTORICAL NICKEL PRODUCING DISTRICT For personal use only Mine operated for 24 years until 1976 – producing 206,200t Nickel and 107,600t Copper Large high quality JORC 2012 Resource – with drill defined growth potential Excellent infrastructure – establ
Slide 7: Lynn Lake Project – The Green Tick of Approval
Lynn Lake Project – The Green Tick of Approval For personal use only SIGNIFICANT SUSTAINABILITY CREDENTIALS Hydro-power stations were built in the 1950’s to supply the Lynn Lake Mine and Township Laurie River hydro-stations I & II - Capacity 10 MW MOVE TO SUSTAINABLE ENVIRONMENTALLY SENSITIVE PR
Slide 8: Significant Nickel Sulphide Asset
LEGEND Significant Nickel Sulphide Asset = Mafic Intrusion Outline = Nickel Copper Cobalt Sulphide Deposits For personal use only EXPLORATION AND DISCOVERY – SINCE 2010 = Drill Defined Volcanogenic Massive Sulphide Deposit (Zn, Cu, Pb, Au) Corazon has consolidated 100% ownership of the entire Lynn
Slide 9: Lynn Lake Mining Centre: Multiple Deposits – Existing Resources & Expansion Potential
Lynn Lake Mining Centre: For personal use only Multiple Deposits – Existing Resources & Expansion Potential South North 4 km Disco Resource 77kt @ 0.71%Ni, C B A ‘EL’ Resource 0.41%Cu E 2.4Mt @ 0.94%Ni, 0.32%Cu ‘O’ Resource 6.0Mt @ 0.68%Ni, 0.32%Cu F D J D Lower ‘EL’ Deeps K Discovery G ‘P’ Resource
Slide 10: Lynn Lake Strategy
Lynn Lake Strategy For personal use only CORAZON HAS A TWO-PRONGED STRATEGY FOR EXPLORATION AND DEVELOPMENT i) Mine Area • Expand near-surface JORC 2012 resource base at the Mining Centre to complement existing resources at depth • Seek cost and performance efficiencies in mining and processing prac
Slide 11: Exciting Discovery Potential Within Region
LEGEND Exciting Discovery Potential Within Region = Mafic Intrusion Outline For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS = Ni-Cu-Co Sulphide Deposits = Drill Defined Volcanogenic Massive Sulphide Deposit (Zn, Cu, Pb, Au) Exploration drilling by Corazon identifies A Plug
Slide 12: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS MobileMT Total Magnetic Intensity Image The area west of the FLC portrays a complex interconnection of mafic and ultramafic intrusive bodies, underlain by deep crustal-tapping structu
Slide 13: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS Mobile MT Resistivity/Conductance Image at ~250m Below Surface The new MobileMT geophysical conductors identified are variable in form and the ‘conductors of interest’ have been defin
Slide 14: Mt Gilmore Project - Targeting Battery Metals in Australia
Mt Gilmore Project - Targeting “Battery Metals” in Australia For personal use only Mt Gilmore Copper-Cobalt-Gold Cobalt Ridge Prospect – Cobalt dominant sulphide deposit New giant copper-cobalt-silver-gold geochemical anomalies - exciting regional exploration focus 14
Slide 15: Mt Gilmore – Large Copper-Gold Target in Soils
Geology + Copper Mt Gilmore – Large Copper-Gold Target in Soils Image For personal use only Mt Gilmore Grafton 15
Slide 16: Mt Gilmore – High Grade Copper in Soils
Geology + Copper 21.6 %Cu Mt16 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 148 ppmCo 294 ppmMo 0.12 g/tAu Large geochemical anomalies indicative of 10.75 %Cu hydrothermal “Intr
Slide 17: Mt Gilmore – Priority Porphyry Target in Soils
Geology + Copper Mt17 Gilmore – Priority Porphyry Target in Soils Image For personal use only MINERALISED PORPHYRY DEFINES INTRUSIVE IP Line 466600E RELATED COPPER GOLD TARGET ADJACENT GEOPHYSICAL AND GEOCHEMICAL ANOMALY Diorite Porphyry 1 7
Slide 18: Corazon – Way Forward
Corazon – Way Forward For personal use only RIGHT COMMODITIES – PERFECT TIMING 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, 5,3
Slide 19: 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
Slide 20: Contact
For personal use only CONTACT Level 3, 33 Ord St, WEST PERTH WA 6005 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6364 0518 info@corazon.com.au www.corazon.com.au