Corazon Mining Limited · ASX:CZN

Corazon Mining — New World Metals Conference (December 2020)

21 slides from Corazon Mining's conference presentation, Dec 9, 2020

  1. 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 9th December 2020 | ASX: CZN

  2. 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

  3. Slide 3: 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

  4. Slide 4: 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

  5. Slide 5: 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%

  6. Slide 6: 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

  7. Slide 7: Lynn Lake Project

    Lynn Lake Project OPERATIONAL BENEFITS FOR A POTENTIAL NEW DEVELOPMENT For personal use only  Not remote – exceptional existing infrastructure would significantly reduce the start-up capital requirements of a new mining operation  Metallurgically de-risked – mined for 24 years until 1976 – produci

  8. Slide 8: Lynn Lake Project – The Green Tick of Approval

    Lynn Lake Project – The Green Tick of Approval For personal use only SIGNIFICANT SUSTAINABILITY CREDENTIALS  Hydro-power stations were built in the 1950’s to supply the Lynn Lake Mine and Township  Laurie River hydro-stations I & II - Capacity 10 MW MOVE TO SUSTAINABLE ENVIRONMENTALLY SENSITIVE PR

  9. Slide 9: Nickel Sulphide Vs Nickel Sulphate for Lynn Lake

    Nickel Sulphide Vs Nickel Sulphate for Lynn Lake WHY AN ONSITE NICKEL SULPHATE FACILITY WILL BE CONSIDERED For personal use only  In operations with similar ore-types, sulphate production demonstrated lower production costs with better nickel and cobalt recovery  Sulphate production typically prov

  10. 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 options are now possible Glencore Vale LYNN L

  11. Slide 11: 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%

  12. Slide 12: Exciting Discovery Potential Within Region

    LEGEND Exciting Discovery Potential Within Region = Mafic Intrusion Outline For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS = Ni-Cu-Co Sulphide Deposits = Drill Defined Volcanogenic Massive Sulphide Deposit (Zn, Cu, Pb, Au)  Exploration drilling by Corazon identifies A Plug

  13. Slide 13: Exciting Discovery Potential Within Region

    Exciting Discovery Potential Within Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS 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 structu

  14. Slide 14: Exciting Discovery Potential Within Region

    Exciting Discovery Potential Within Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS MobileMT Total Magnetic Intensity Image The South Pipe • Dominant magnetic anomaly, with • Adjacent parallel magnetic conductor • Both from 100m to +850m below surface Motruiuk FLC Sout

  15. Slide 15: Exciting Discovery Potential Within Region

    Exciting Discovery Potential Within Region For personal use only MODERN EXPLORATION TESTING FOR CONCEALED DEPOSITS Mobile MT Resistivity/Conductance Image at ~250m Below Surface  The new MobileMT geophysical conductors identified are variable in form and the ‘conductors of interest’ have been defin

  16. Slide 16: 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 16

  17. Slide 17: Mt Gilmore – Large Copper-Gold Target in Soils

    Geology + Copper Mt Gilmore – Large Copper-Gold Target in Soils Image For personal use only Mt Gilmore Grafton 17

  18. Slide 18: Mt Gilmore – High Grade Copper in Soils

    Geology + Copper 21.6 %Cu Mt18 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 148 ppmCo 294 ppmMo 0.12 g/tAu  Large geochemical anomalies indicative of 10.75 %Cu hydrothermal “Intr

  19. Slide 19: 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

  20. Slide 20: 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

  21. Slide 21: 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

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