Slide 1: Company Presentation
For personal use only COBALT C NICKEL COPPER Company Presentation ASX : CZN 24 August 2016
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 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
Slide 3: Corporate Overview
CORPORATE OVERVIEW Lynn Lake Company Focus Nickel Copper For personal use only Cobalt ASX listed exploration company Canadian brown-fields exploration project • Nickel-copper-cobalt • Large development opportunity • Old mining centre Perth • Exciting exploration play ASX : CZN • New area New project
Slide 4: Cobalt Demand
COBALT DEMAND COBALT BATTERIES Li-Ion Batteries For personal use only NiCd – Nickel-Cadmium Safer Cheaper to manufacture NiMH – Nickel-Metal Hydride Best commercially accepted energy storage capacity Lithium Ion Batteries – Accounts for growth in Cobalt usage Better energy density ratings LCO – Lith
Slide 5: Cobalt Supply Concerns
COBALT SUPPLY CONCERNS Darton Commodities 2016 – Refined Co Output COBALT SUPPLY For personal use only Cobalt predominantly a by-product 60% from copper mining 38% from nickel mining (laterite + sulphide) 2% from primary cobalt mining Supply Sources Dominant supply from DRC copper mines (47%** to 65
Slide 6: Mt Gilmore Project – Cobalt Ridge Prospect
MT GILMORE PROJECT – COBALT RIDGE PROSPECT Brisbane Location QUEENSLAND For personal use only North-eastern NSW Mt Gilmore 35km NW from Grafton Project Excellent access throughout Project CZN earning 80% equity in Project NEW SOUTH Grafton WALES Currently with 51% equity Coffs Harbour $200k expendit
Slide 7: Mt Gilmore – Prospectivity & Setting
MT GILMORE – PROSPECTIVITY & SETTING EMERGING CU-AU PROVINCE Mineral Occurrences For personal use only Located in the New England Orogen Au-Sb-W Chromite Mafic Intrusive Significant eastern Australia mineral province Felsic Intrusive Gold endowment +35M ounces Potential to host large copper-gold sys
Slide 8: Mt Gilmore – Cobalt Prospectivity
MT GILMORE – COBALT PROSPECTIVITY MULTIPLE TARGETS For personal use only ENORMOUS POTENTIAL Very little historical testing for cobalt Mafic Intrusive Felsic Cobalt Ridge Intrusive Minimal work required for resource definition High grade – shallow historical mines Multiple sulphide lodes drill define
Slide 9: Summary – Cobalt Ridge
SUMMARY – COBALT RIDGE For personal use only An advanced cobalt project Cobalt play – copper and gold credits Part of the large Pulganbar Cu-Au Target Shallow 1880’s historical workings – high grade Cu-Co-Au production reported Shallow drilling – open in all directions JORC resource possible with mi
Slide 10: Cobalt Ridge Prospect
COBALT RIDGE PROSPECT Advanced High-Grade Cobalt Project For personal use only Cobalt Ridge drill holes & Co soil anomalies on air photo Multiple sulphide lodes intersected in Open Open drilling Strike 300m and open Open Open Extensions indicated by geophysics Width 50m to 120m Gold Hill Flintoff Au
Slide 11: Cobalt Ridge Drilling Results
COBALT RIDGE DRILLING RESULTS Cobalt Grades At Other Operations For personal use only Canada - Lynn Lake Ni-Cu-Co sulphide – 0.02% to 0.04% Co, +1% Ni, 0.5% Cu Australia - Murrin Murrin Ni-Co laterite – 0.09% Co, 1.3% Ni USA - Idaho Underground Project (TSX:FCO) – 0.55% Co, 0.75% Cu, 0.53 g/t Au DRC
Slide 12: Hassan's Cu-Au-Co Target
HASSAN’S CU-AU-CO TARGET Tourmaline-Quartz Cobalt potential previously unrecognised Breccias For personal use only Recent reconnaissance soil sampling returned significant cobalt 792ppm Co peak result Higher than soil results over outcropping Cobalt Ridge prospect No previous drill testing A ‘baseme
Slide 13: Iron Mountain Cu-Au-Co Target
IRON MOUNTAIN CU-AU-CO TARGET Large walk-up drill target For personal use only Surface sampling and ground Historic iron ore (magnetite) mine, with >700m magnetic survey proposed to better strike define drill target Recent rock chip samples up to 0.18% cobalt Previously not tested for cobalt Exposed
Slide 14: Project Strategy – Mt Gilmore
PROJECT STRATEGY – MT GILMORE Current Activities For personal use only Generating work programs (including drilling) for approval Proposed Exploration Activities – Cobalt Ridge Focussed on Drill program awaiting approval – infill and extension – likely to be October 2016 determining size & Extension
Slide 15: Lynn Lake – Canadian Nickel-Copper-Cobalt
LYNN LAKE – CANADIAN NICKEL-COPPER-COBALT Canada’s 4th largest nickel producer For personal use only 2015 consolidation of Mining Centre - first time since mine closure in 1976 100% beneficial interest 23 years of mining – 1Mtpa Large remnant resources 9.4Mt @ 0.88%Ni, 0.40%Cu Significant drill defi
Slide 16: Fraser Lake Complex (FLC) – Compelling Target
FRASER LAKE COMPLEX (FLC) – COMPELLING TARGET Targets appears bigger & better than Lynn Lake For personal use only Predominantly under shallow cover of muskeg (swamp) & overburden (till deposits) Fertile in nickel and copper – geochemically and geophysically similar to Lynn Lake – same host rocks Tw
Slide 17: 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