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 January 2021 | 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: 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 4: Corazon Mining Limited – Share Consolidation
Corazon Mining Limited – Share Consolidation For personal use only Capital Structure – ASX:CZN Market Cap $9.76m Shareholders have approved the (@ $0.003/share) consolidation of issued capital on the Cash (Sept Qtr 2020) $1.0m basis of one (1) share for every Current Post Consolidation twenty (20) s
Slide 5: 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 6: 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 On the back of suppressed nickel prices and Nickel Price Chart – 4 December 2020 market sentiment – Corazon has acquired 100%
Slide 7: Lynn Lake Strategy
Lynn Lake Strategy For personal use only CORAZON HAS A TWO-PRONGED STRATEGY FOR EXPLORATION AND DEVELOPMENT 1. 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 8: Lynn Lake Project
Lynn Lake Project OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT For personal use only Not remote – exceptional existing infrastructure, including hydro-power, would significantly reduce the start-up capital requirements of a new mining operation Metallurgically de-risked – mined for 24 ye
Slide 9: Nickel Sulphide Vs Nickel Sulphate Production at Lynn Lake
Nickel Sulphide Vs Nickel Sulphate Production at Lynn Lake WHY AN ONSITE NICKEL SULPHATE FACILITY WILL BE CONSIDERED For personal use only In operations with similar ore-types, sulphate production has demonstrated lower production costs with better nickel and cobalt recovery Sulphate production
Slide 10: Markets Exist for a Lynn Lake Product
Markets Exist for a Lynn Lake Product EXTENSIVE RAIL, ROAD AND SEA NETWORK LINK CANADIAN NICKEL OPERATIONS For personal use only Historically, Lynn Lake concentrate was railed to Sherritt’s Fort Saskatchewan (now a HPAL facility) in Alberta – many more transport options are now available PORT OF C
Slide 11: Lynn Lake Project
Lynn Lake Project OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT For personal use only 100% ownership of nickel sulphide Ralph Lake Lynn Lake mining centre and prospective Township “A Mine” Complex exploration ground Not remote – exceptional infrastructure – significantly reduces any start
Slide 12: Significant Nickel Sulphide Asset
Significant Nickel Sulphide Asset For personal use only DEFINED POTENTIAL FOR GROWTH Historical production from two mafic intrusions A Plug - 18Mt @ 0.88% Ni + 0.47%Cu EL Plug - 1.9Mt @ 2.4% Ni + 1.15% Cu Golf Total Indicated + Inferred JORC Resources* for six deposits: Disco 16.3Mt @ 0.72%
Slide 13: Exciting Discovery Potential Within Region
Exciting Discovery Potential Within Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS Aeromagnetic Image (2021 MobileMT Survey) Exploration drilling by Corazon identifies potential both within the mining Centre and regionally within similar mafic plugs The regional s
Slide 14: New Conductor Targets Identified for Drill Testing
Exciting Discovery Potential Within Region For personal use only NEW CONDUCTOR TARGETS IDENTIFIED FOR DRILL TESTING Mobile MT Resistivity/Conductance Image Plan at ~250m Below Surface The innovative MobileMT geophysical method has identified new conductors – targets of interest are Matrix Trend de
Slide 15: New Intrusive Model for the Fraser Lake Complex
Exciting Discovery Potential Within Region For personal use only NEW INTRUSIVE MODEL FOR THE FRASER LAKE COMPLEX 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 structure
Slide 16: 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 17: 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 • Giant copper-cobalt-silver-gold geochemical anomalies • Porphyry potential confirmed – main exploration focus • Cobalt Ridge Prospect – Cobalt dominant sulphide deposit 17
Slide 18: Mt Gilmore – Large Copper Target in Soils
Geology + Copper Mt Gilmore – Large Copper Target in Soils Image For personal use only Mt Gilmore Grafton 18
Slide 19: Mt Gilmore – High Grade Copper in Soils
Geology + Copper 21.6 %Cu Mt19 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 294 ppmMo 148 ppmCo 0.12 g/tAu Large geochemical anomalies indicative of 10.75 %Cu hydrothermal
Slide 20: Gordonbrook Hill Copper Anomaly in Soils
Geology + Copper 21.6 %Cu 20 Gordonbrook Hill Copper Anomaly in Soils Image 361 ppmAg For personal use only 0.17 g/t Au 0.64 %Cu 176 ppmCo 0.78 %Cu 294 ppmMo 148 ppmCo 0.12 g/tAu 10.75 %Cu 180 ppmCo 0.41 %Cu IP Line 466600E 0.11 g/tAu 409 ppmCo 74.7 ppmAg 0.82 g/tAu 0.52 %Zn 0.35 %Zn 5.04 %Cu 7.35 %
Slide 21: Mt Gilmore Project - Cobalt Ridge Prospect
Mt Gilmore Project - Cobalt Ridge Prospect For personal use only LARGE AREA IDENTIFIED PROSPECTIVE FOR RESOURCE HIGH GRADE COBALT + COPPER + GOLD DEFINITION WORK 8 %Co 2m @ 0.64 %Co, 1.66 Only the Cobalt Ridge Main Lode (Historical Workings) %Cu, 0.13 g/tAu has been effectively drill tested in Rec
Slide 22: 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 23: 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 24: 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