Corazon Mining Limited · ASX:CZN

Corazon Mining — Investor Presentation (May 2017)

21 slides from Corazon Mining's investor presentation, May 9, 2017

1. Slide 1: Company Presentation

   For personal use only Company Presentation 10th May 2017 LEVEL 1, 329 HAY ST, SUBIACO WA 6008 | PO BOX 8187, SUBIACO EAST WA 6008 | +61(8) 6142 6366 | INFO@CORAZON.COM.AU | WWW.CORAZON.COM.AU

2. Slide 2: Important Notice

   Important Notice For personal use only Looking Forward Statement 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

3. Slide 3: Actively Exploring Two Quality Projects

   Actively Exploring Two Quality Projects For personal use only Lynn Lake Nickel-Copper-Cobalt  100% control of entire historical mining centre  Beneficial infrastructure and large remnant resources  Easy development opportunity  Exciting exploration potential – Drilling Now  Recent drilling has

4. Slide 4: Corporate Overview

   Corporate Overview For personal use only ASX: CZN Total Ordinary Shares on Issue 899.4m Options on issue 60m Lynn Lake Drilling Market Capitalisation ($0.022/share) $19.79m Trading Range (1 year) $0.006-$0.059 Cobalt Ridge Average Daily Trading Volume 19.8m Cash (31 March 2017) $3.4m Board of Direct

5. Slide 5: Lynn Lake Project

   For personal use only Lynn Lake Project Canada

6. Slide 6: Lynn Lake Historic Mining Centre

   Lynn Lake Historic Mining Centre For personal use only MINING CENTRE THE LYNN LAKE OPPORTUNITY  Prolific Canadian Ni producing region  Large remnant resources (partly JORC’d)  24 year mine production – shutdown in 1976  Redevelopment opportunity in a good market A Plug – 18.4 Mt @ 0.86% Ni & 0.4

7. Slide 7: Lynn Lake - Target Generation

   Lynn Lake - Target Generation For personal use only DATA FROM +70 YEARS OF EXPLORATION & 24 YEARS OF MINING  Modern exploration techniques and a new understanding of the formation of these deposits has identified multiple Lynn Lake style targets  Geophysics is the key to discovery EL Deposit 1947

8. Slide 8: Fraser Lake Complex (FLC) – Magmatic Framework

   Fraser Lake Complex (FLC) – Magmatic Framework For personal use only FLC - PRIORITY TARGET  Similar to Lynn Lake, but twice as big Historical Drilling  Historical exploration misdirected  Fertile for Ni-Cu sulphides Country Rock Xenoliths  Newly recognised “feeder-zone” into the FLC is a priorit

9. Slide 9: Fraser Lake Complex – Compelling Anomalies

   Fraser Lake Complex – Compelling Anomalies For personal use only PRIORITY TARGET Historical Country Drilling  Ni-Cu-Co sulphide deposits provide IP Rock Xenoliths chargeability highs Matrix Trend IP Chargeability  “Matrix Trend” - large IP chargeability high High coincident with interpreted “feede

10. Slide 10: Matrix Trend - IP Anomaly - Sulphide Rich

    Matrix Trend - IP Anomaly - Sulphide Rich For personal use only Country Historical MINERALISED FEEDER ZONE Rock Drilling Xenoliths  “Matrix Trend” – dominant IP chargeability anomaly coincident with feeder zone  CZN drilling identified extensive pervasive Ni-Cu-Co magmatic sulphide mineralisation

11. Slide 11: Matrix Trend – Ore Forming Processes

    Matrix Trend – Ore Forming Processes For personal use only Po Immiscible Ni-Cu sulphide GRAVITATIVE ACCUMULATION OF Cp (MSS) droplets gravitating Pn Cp SULPHIDE DROPLETS AND GLOBULES CAN downwards through magma FORM MASSIVE NI-CU SULPHIDE Pn ORE DEPOSITS Po Norilsk Ore FLC magmatic sulphide Sulfide

12. Slide 12: Matrix Trend – Sulphide Accumulation Evident

    Matrix Trend – Sulphide Accumulation Evident For personal use only HIGH-TENOR NI MINERALISATION FLC-2017-003 – Semi-Massive Sulphide  Multiple pulses of sulphide rich melt – including massive and semi-massive zones  Results to date suggest similar Ni content and Ni/Cu, Ni/Co ratios to the best min

13. Slide 13: Matrix Trend – Better Targets Now Drill Ready

    Matrix Trend – Better Targets Now Drill Ready For personal use only CURRENT DRILLING TO TEST STRONGER GEOPHYSICAL ANOMALIES  Permits recently granted for drilling the Matrix Trend closer to the source of the mineralised feeder zone  IP anomalies peaking out at +45 mSec - significantly higher than

14. Slide 14: Matrix Trend - New Stronger & Shallower IP Targets

    Matrix Trend - New Stronger & Shallower IP Targets For personal use only 300W Interpretive IP Section Looking SW IP X-Section Legend (Grid = 50m x 50m) IP Chargeability S N 600W Interpretive IP Section Looking SW Section Gravity S N 14

15. Slide 15: Mt Gilmore Project

    For personal use only Mt Gilmore Project NSW

16. Slide 16: Mt Gilmore Project

    Mt Gilmore Project For personal use only CZN EARNING 80% EQUITY PROJECT OPPORTUNITY  Currently 51% equity in Project  Current focus: Cobalt Ridge – high grade, cobalt dominant  $2M earn-in over 3 years (+1yr extension) sulphide deposit  Small periodic payments  Possible, large intrusive-related

17. Slide 17: Mt Gilmore Prospectivity

    Mt Gilmore Prospectivity For personal use only Felsic Mafic MT GILMORE TREND Intrusive Intrusive  Large hydrothermal alteration footprint  Extensive evidence of targeted models - tourmaline breccia hosted Cu-Au deposits, Cu-Au-Fe skarns and quartz-sulphide vein system (such as porphyry Cu-Au depos

18. Slide 18: Mt Gilmore – Cobalt Ridge

    Mt Gilmore – Cobalt Ridge For personal use only CURRENT ACTIVITIES DEFINING DRILL TARGETS Flintoff’s Cobalt Target Cobalt Ridge East Target  Extension of soil geochemistry over target  Awaiting results  Mapping of sulphide lodes with geophysics  In planning Cobalt Ridge West Target  Metallurgic

19. Slide 19: Mt Gilmore – Cobalt Ridge

    Mt Gilmore – Cobalt Ridge For personal use only From Interval Hole ID Hole Type Depth (m) (m) Co % Cu % Au g/t CuEq % CZN 2016 DRILLING RESULTS MGRCD001 Core 165 13 0.18 0.54 0.17 2.41  Multiple Co-Cu-Au sulphide lodes open along strike incl 1 1.12 1.96 0.81 13.41 MGRCD004 Core 128.3 3 0.54 1.83 0.

20. Slide 20: Corazon’s Platform for Success

    Corazon’s Platform for Success For personal use only PROJECT QUALITY  Two exceptional projects with demonstrated prospectivity in key, demand-driven commodities  Both projects have the capacity for large economic mineral deposits ACTIVE EXPLORATION PROGRAMME  Proven explorer with a quality, dedic

21. Slide 21: For personal use only

    For personal use only LEVEL 1, 329 HAY ST, SUBIACO WA 6008 PO BOX 8187, SUBIACO EAST WA 6008 +61(8) 6142 6366 INFO@CORAZON.COM.AU WWW.CORAZON.COM.AU

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