Slide 1: Corporate Presentation – August 2010
For personal use only Corporate Presentation – August 2010 ASX : CZN “An Australian company … developing nickel sulphides in Canada.”
Slide 2: Disclaimer and Important Information
Disclaimer and Important Information This presentation has been prepared by Corazon Mining Limited (“Corazon”). It contains forecasts and forward For personal use only looking statements which are no guarantee of future performance and which involve certain risks. Actual results and future outcomes
Slide 3: Presentation Overview
Presentation Overview For personal use only Corazon Mining New Company New Management New Direction The Project New Strategy, Proven Region The Way Forward Development & Discovery Opportunities The Nickel Market Solid Growth forecasts 3
Slide 4: The Corazon Opportunity – A Comparison
The Corazon Opportunity – A Comparison For personal use only ~ 226 Ni t/vm (mined) Mined Depth ~ 132 Ni t/vm 210 m (mining + reserves) Resource Target Upper Zone 500m Exploration Drive & Drilling 600 m ~ 125 Ni t/vm (resource) Drill Hole KUD810 Untested 1.40 m @ 2.50% Ni & 2.90 m @ 3.00% Ni Lower Zo
Slide 5: Corporate Profile
Corporate Profile For personal use only • Shares on Issue 68.29 M • Options 56.07 M • Market Cap (@ 10 cps) $ 6.83 M • Cash & Investments $ 1.20 M • Share Holders • The Board 8% • Top 20 47 % • Company History • Graynic (GYN) 2005 to 2010 • Xanadu (XNU) May/June 2010 • Corazon Mining Limited (CZN) 2
Slide 6: Personnel
Personnel For personal use only • Board • Non-Exec Chairman Clive Jones • Managing Director Brett Smith • Non-Exec Director Jonathan Downes • Non-Exec Director Adrian Byass • Company Secretary Rob Orr • Senior Management • Chief Geologist Andy Thompson 6
Slide 7: Project Location
Project Location For personal use only Lynn Lake Nickel Sulphide Camp Canada’s 3rd largest nickel producing area Historical production = 22.2 Mt @ 1% Ni & 0.5% Cu over 23 years to 1976 Potential Market:- Thompson Smelter – 320 km by road Flin Flon Smelter – rail access to Nth America Well serviced m
Slide 8: Project - Infrastructure
Project - Infrastructure For personal use only Airstrip Township Lynn Lake Mine Mineral Claim Outline EL Mine Google Earth Image 8
Slide 9: Local Geological Setting – Lynn Lake
Local Geological Setting – Lynn Lake EL Plug – Drill Core Interpreted Geology For personal use only Lynn Lake Township A Plug EL Plug Northern Manitoba Topography 9
Slide 10: Historical 'Mine Set' – Large Low Grade
Historical ‘Mine Set’ – Large Low Grade The ‘A Plug’ – Prophecy Resource Corp. (TSX-V PCY) For personal use only Past production – 20 M tons @ 1% Ni & 0.5% Cu (1953 to 1976) Mined Depth - approx 1,000 metres below surface Remnant Resources* – 22.9 M tons @ 0.57% Ni & 0.3 % Cu Current Exploration – N
Slide 11: The EL Mine – High Grade 'Jewel in the Crown'
The EL Mine – High Grade ‘Jewel in the Crown’ The ‘EL Mine’ – Corazon Mining Ltd For personal use only Past production – 1.9 Mt @ 2.5% Ni & 1.15% Cu (1954 to 1962) Mined Depth - Approx 210 metres below surface, open cut and underground. Development to 270 metres Aerial view of the EL Mine - 1977 Aer
Slide 12: Exploration Strategy – Multiple Targets
Exploration Strategy – Multiple Targets For personal use only EL Mine Resource Drilling – (surface to 600 m) Remnants around mined area (to 210 mbs) 390 m depth extension to mined area Past Production 1.9 Mt @ 2.5 % Ni & 1.15 % Cu EL Mine Down-Plunge Exploration (+ 600 m) Mined Depth XND003 210 m 19
Slide 13: Exploration Strategy – Multiple Targets
Exploration Strategy – Multiple Targets For personal use only Disco EL Mine Ni + Cu + Co 150 Plug Zn + Cu + Au Untested Google Earth Image 13
Slide 14: Exploration Strategy – "A Plug"
Exploration Strategy – “A Plug” ‘A Plug’ The Disco Deposit – One Example For personal use only Boundary Discovered in 1973, drilled by Western Areas in 2008 “D” Ni-Cu Deposit - 47.1 m @ 0.7 % Ni, 0.5 % Cu & 0.02 % Co - 18.0 m @ 1.5 % Ni, 0.7 % Cu & 0.04 % Co Corazon Prophecy Tenure Tenure Prophecy R
Slide 15: Exploration Strategy – "EL Plug" + VMS
Exploration Strategy – “EL Plug” + VMS For personal use only EL Plug Style (Ni-Cu) Cultural 8 untested targets in close proximity Features Eldon Lake Targets over EM Image VMS Style (Cu-Zn+) 6 drill defined VMS deposits within area Eldon Lake Targets over Mag Image Historically defined exploration t
Slide 16: Proposed Work Program – News Flow
Proposed Work Program – News Flow For personal use only Current Drilling and Sampling Drilling completed - results released progressively All sample assays received by late-September EL Mine resource estimation by late-October Target Generation Geophysical surveys review - underway Winter geophysica
Slide 17: The Nickel Market – "Tight"
The Nickel Market – “Tight” For personal use only 17
Slide 18: Corazon Mining Limited – Summary
Corazon Mining Limited – Summary For personal use only Asset growth Resource to be calculated to 600 m depth Exploration in a fertile nickel sulphide & VMS region At depth (still relatively shallow) Mining in the region to 1,000 m depth Near by, multiple targets Current market cap of $6.8M is a refl
Slide 19: The Corazon Opportunity – A Comparison
The Corazon Opportunity – A Comparison For personal use only 226 Ni t/vm (mined) Mined Depth 132 Ni t/vm 210 m (mining + reserves) Resource Target Upper Zone 500m Exploration Drive & Drilling 600 m 125 Ni t/vm (resource) Drill Hole KUD810 Untested 1.40 m @ 2.50% Ni & 2.90 m @ 3.00% Ni Lower Zone Dee
Slide 20: For personal use only
For personal use only “An Australian company … developing nickel sulphides in Canada.” ASX : CZN Suite 5, Level 1 www.corazon.com.au PO Box 8187 350 Hay Street Ph +61 (8) 6364 0518 SUBIACO East SUBIACO WA 6008 Fx +61 (8) 6210 1872 WA 6008