Slide 1: Company Presentation
For personal use only Company Presentation ASX : CZN 11 November 2015
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and For personal use only forward looking statements which are not a guarantee of future performance and which involve certain risks. Actual results and future outcomes will
Slide 3: Corporate Profile
CORPORATE PROFILE| ASX:CZN Overview Structure For personal use only ASX listed minerals explorer with 100% control of a Market Cap. @ 0.6 cps A$ 2.6M major historical nickel-copper-cobalt sulphide mining Shares on Issue # 441.6M camp in Canada. Unlisted Options on Issue # 30M Competitive Advan
Slide 4: Project Overview
PROJECT OVERVIEW Mafic Intrusions (Plugs) over Landsat Image For personal use only Lynn Lake Mining Centre A Plug Mine Large remnant resources Significant drill defined mineralisation not within resources Three modern discoveries within mining centre support prospectivity Multiple geophysi
Slide 5: Location & Infrastructure
LOCATION & INFRASTRUCTURE For personal use only Airstrip Lynn Lake Township Lynn Lake Project Claim Boundary Manitoba Province Major Canadian Nickel Projects Voiseys Bay Lynn Lake Thompson Sudbury Google Earth Image ASX : CZN – PAGE 5
Slide 6: Mine Production & Current Resources
MINE PRODUCTION & CURRENT RESOURCES Mafic Intrusions (Plugs) over Landsat Image Mined 18.4Mt @ 0.86 %Ni & 0.44 %Cu For personal use only Resource 6.7Mt @ 0.84 %Ni & 0.39 %Cu MAJOR NICKEL COPPER SULPHIDE CAMP A Plug Mine Multiple gabbro, norite & Mined 1.7Mt @ 2.50 %Ni & 1.15 %Cu peridotite plugs i
Slide 7: Geology – Lynn Lake Mining Centre
GEOLOGY – LYNN LAKE MINING CENTRE LARGE MINERALISED SYSTEM For personal use only N Vertically exaggerated – deep seeded mafic- A Plug A Shaft ultramafic “plugs” and late stage sulphide melts Multiple orebodies, structurally complex system Large remnant resources and abundant drill defined mine
Slide 8: Recent Resources
RECENT RESOURCES Grade Contained Metal JORC Resource Category Tonnes For personal use only Ni % Cu % Ni Tonnes Cu Tonnes Indicated Resource 7,417,366 0.83 0.38 61,465 28,518 Inferred Resource 1,986,714 1.09 0.47 21,566 9,263 Total 9,404,080 0.88 0.40 83,032 37,780 N, O, G & EL Deposits - April 2015
Slide 9: Current Mining Studies
CURRENT MINING STUDIES LARGE TONNAGE – LOW COST MINING PROPOSITION For personal use only AN IMPROVED NICKEL PRICE IS CRITICAL FOR POTENTIAL DEVELOPMENT OF REMNANT RESOURCES Studies being conducted at long-term metal price forecasts LONG TERM METAL PRICES USED Indicative mine planning & schedulin
Slide 10: Modern Discoveries in the Shadow of the Headframe
MODERN DISCOVERIES “IN THE SHADOW OF THE HEADFRAME” 2008 For personal use only N Disco (Maxwell) Deposit - Western Areas (ASX: WSA) A Plug A Shaft First deposit identified on eastern side of A Plug Discovery 18m @ 1.5% Ni & 0.70% Cu from 96m Drilled from surface to 275m with strong untested geophy
Slide 11: Additional 'A' Plug Targets
ADDITIONAL ‘A’ PLUG TARGETS INDICATION OF ‘A’ PLUG For personal use only POTENTIAL Untested Targets (red) High quality IP surveys and innovative processing in 2010 mapped out known ore- bodies and identified 33 high-priority drill targets which have the potential to add to Disco Deposit existing r
Slide 12: A District Scale Opportunity
A DISTRICT SCALE OPPORTUNITY Milligan Geology ‐ 1957 LYNN LAKE IS UNIQUE WITHIN GREENSTONE BELT For personal use only Circular to elliptical form of the intrusions, punctuated with smaller “pipe-like” massive sulphide bodies suggests that this area is central to a major mantle magmatic plumbing A
Slide 13: A New Look at a Prolific Nickel Producer
A NEW LOOK AT A PROLIFIC NICKEL PRODUCER GOOD POTENTIAL FOR NEW DISCOVERIES Milligan Geology ‐ 1957 For personal use only All known and tested intrusives within the Project are “crustal contaminated” and pregnant with magmatic nickel- copper sulphides A Plug Multiple targets have been identified
Slide 14: Past Exploration – A Near Mine Focus
PAST EXPLORATION – A NEAR MINE FOCUS Mafic Intrusions (Plugs) and Drill Hole Locations For personal use only over Landsat Image A Plug Outline Drill Holes EL Plug Outline THE FRASER LAKE COMPLEX FLC Outline (FLC) – A CONTENDER Sister plug to the A Plug Has all the right physical and chemical cha
Slide 15: Fraser Lake Complex (FLC)
FRASER LAKE COMPLEX (FLC) THE DIGITAL CAPTURE OF 1960’S & 1970’S A NEW INTERPRETATION For personal use only GEOPHYSICAL DATA & QUALITY MODERN Reprocessing of geophysical data SURVEYS PROVIDE A HUGE WINDFALL identifies the central and eastern parts of the FLC as prospective Prospective Host The F
Slide 16: Fraser Lake Complex (FLC) Large Magnetic Body
FRASER LAKE COMPLEX (FLC) FLC LARGE MAGNETIC BODY LYNN LAKE OREBODIES HAVE A STRONG For personal use only MAGNETIC SIGNATURE UNDER COVER & UNTESTED Magnetic response suggests alteration or mineralisation from hot Magnetic High late-stage ultramafic or sulphide Alteration/Mineralisation melts in th
Slide 17: A Developing Exploration Play
A DEVELOPING EXPLORATION PLAY Aeromagnetic Image – VTEM Survey 2007/2011 EXPERT ENGAGED For personal use only Dr Larry Hulbert – one of Canada's A Plug Mining Centre leading experts on the mineralisation and metallogeny of mafic-ultramafic rocks – is heading up CZN’s data capture and search for new
Slide 18: Summary of Lynn Lake Opportunity
SUMMARY OF LYNN LAKE OPPORTUNITY Recent Milestones Underpin Value For personal use only Consolidated the Lynn Lake Mining Centre and exceptional exploration Inexpensive Project ground 1 Acquisition Restructured the terms of the option over the EL-Plug & exploration tenure JORC Resource– a focu
Slide 19: CZN – An Investment Opportunity
CZN – AN INVESTMENT OPPORTUNITY Commodity Exposure For personal use only Nickel-Copper-Cobalt in Canada Looming nickel deficit – price recovery forecasted by market analysts Current low Enterprise Value for the Lynn Lake Project provides excellent leverage to an appreciating nickel price P
Slide 20: Thank You
For personal use only Thank You 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 B
Slide 21: Appendixed Information
For personal use only APPENDIXED INFORMATION ASX : CZN – PAGE 21
Slide 22: Consolidated Mineral Field
CONSOLIDATED MINERAL FIELD For personal use only Lynn Lake Township A Plug – Main Mine Area Victory Nickel Agreement Mined 18.4Mt @ 0.86 %Ni & 0.44 %Cu Project Area Dunlop Agreement EL Plug – Highest Grade Mine Project Area Mined 1.7Mt @ 2.50 %Ni & 1.15 %Cu Total Project Area ~ 70 km2 ASX : CZN – PA
Slide 23: JORC Resource
JORC RESOURCE Lower Cut-off Grade Contained Metal Grade For personal use only Deposit Tonnes NIEQ % Ni % Ni % Cu % Ni Tonnes Cu Tonnes Indicated Resource Category EL Upper 0.4 1,120,000 0.77 0.34 8,600 3,800 EL Lower 0.6 676,000 0.83 0.40 5,600 2,700 N 0.8 2,990,000 0.86 0.41 25,700 12,300 O 0.8 2,6
Slide 24: NI 43-101 Foreign Resource
NI 43‐101 FOREIGN RESOURCE Summary ‐ A Plug NI 43‐101 Resource1 For personal use only N, O & G Deposits, Lynn Lake, February 2010 Grade Contained Metal Deposit COG Ni% Eq2 Tonnes3 Tons Ni% Cu% Ni% Eq2 Tonnes Ni Tonnes Cu Measured, Indicated & Inferred Resource Categories N, O, G 0.4 28,098,866 30,97
Slide 25: Competent Person Statement
Competent Person Statement For personal use only The information in this report that relates to Exploration Results and Mineral Resources for the A Plug deposits at the Lynn Lake project is based on information compiled by Mr Neal Leggo who is a Member of the Australian Institute of Geoscientists. M
Slide 26: Nickel Market Outlook
NICKEL MARKET OUTLOOK Nickel supply/demand fundamentals are strong – forecast to go from one For personal use only of the worst performing metals to the best performing metal Key Risks Chinese nickel pig-iron (NPI) production performs better than expected Chinese stainless steel production i
Slide 27: Nickel Market Outlook
NICKEL MARKET OUTLOOK Nickel inventory at a turning point For personal use only LME stockpiles are high – nickel metal prices are low Primary nickel consumption is growing, outstripping new supply Nickel Market is entering deficit LME Stockpiles (kt) & Nickel Price (USD/t) Total global refin
Slide 28: Nickel Market Outlook
NICKEL MARKET OUTLOOK Chinese stainless remains major nickel demand driver For personal use only Chinese stainless steel industry & global alloy + superalloy sector expected to continue to expand capacity Chinese nickel ore inventories are declining Chinese nickel laterite stockpiles and NPI
Slide 29: End
END MINING 2015 11&12 NOVEMBER 2015 HILTON GRISGANE HOTEL - QUEENSLAND (a