Slide 1: Acquisition of the Mt Gilmore Project
Acquisition of the Mt Gilmore Project New South Wales, Australia For personal use only Company Presentation ASX : CZN 21 June 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: New High Grade Cobalt-Copper-Gold Project
NEW HIGH GRADE COBALT-COPPER-GOLD PROJECT For personal use only ASX : CZN – PAGE 3
Slide 4: Purchase Agreement
PURCHASE AGREEMENT Exclusive right to earn up to an 80% interest in the Mt Gilmore Project For personal use only Corazon can earn an initial 51% interest by: Issuing Providence 25 million Corazon Mining Limited shares Paying cash reimbursements of costs totalling $100,000, and Spending $200,000 on e
Slide 5: Corporate Overview
CORPORATE OVERVIEW Current Capital Structure Company Focus For personal use only Market Cap. @ 0.7 cps A$ 4.7M ASX listed exploration company Shares on Issue # 527M Options on Issue # 7.5M New project acquisition – NSW Australia Cash (approximate) A$ 0.5M • Cobalt-copper-gold 52 week share trading r
Slide 6: Cobalt Market and Outlook
COBALT MARKET AND OUTLOOK Future Cobalt Requirements For personal use only The rechargeable battery market remains the industry’s growth driver, with demand from this sector up 11.7% in 2015. Automotive related battery demand rapidly gaining momentum; Chinese sales of “New Energy Vehicles” up 343% i
Slide 7: Cobalt Market and Outlook
COBALT MARKET AND OUTLOOK For personal use only Good possibility for healthier demand fundamentals from growth in the battery sector 2016: Pessimistic projection for 2017: Includes the demand growth – continued recommencement of operations slow-down previously closed ASX : CZN – PAGE 7
Slide 8: Mt Gilmore Project
MT GILMORE PROJECT Location For personal use only North-eastern NSW 35km NW from Grafton Tenure Granted Exploration Licence 100% Providence Gold and Minerals Pty Ltd Access Daily flights from Sydney Sealed road access to Project Logging tracks, farm roads and mine roads provide excellent access Land
Slide 9: Mt Gilmore – Prospectivity & Setting
MT GILMORE – PROSPECTIVITY & SETTING Located in the New England Orogen For personal use only Significant eastern Australia mineral province Gold endowment +35M ounces Potential to host large copper-gold systems Mt Morgan Cu-Au Mine (+50Mt @ 5.9 g/t Au and 0.7% Cu) Mt Rawdon Au Mine (50Mt @ 0.71 g/t
Slide 10: Mt Gilmore – Prospectivity & Setting
MT GILMORE – PROSPECTIVITY & SETTING Located in the New England Orogen For personal use only Significant eastern Australia mineral province Gold endowment +35M ounces Potential to host large copper-gold systems Mt Morgan Cu-Au Mine (+50Mt @ 5.9 g/t Au and 0.7% Cu) Mt Rawdon Au Mine (50Mt @ 0.71 g/t
Slide 11: Pulganbar – Cobalt Ridge Prospect
PULGANBAR – COBALT RIDGE PROSPECT For personal use only Pulganbar – Cobalt drill holes & Co soil anomalies on air photo Advanced High-Grade Cobalt Project Open Open Multiple zones of sulphide mineralisation. Open Open Drilled over 300m strike and open - Extensions indicated by geophysics. Flintoff W
Slide 12: Pulganbar – Cobalt Ridge Prospect
PULGANBAR – COBALT RIDGE PROSPECT For personal use only Outcropping quartz- tourmaline breccia Cobalt Ridge Co – Cu – Au Prospect Table 1: Significant drilling intercepts as reported by Central West Gold NL between 2006 and 2008. Results >0.10% Co, utilizing a >500ppm cut-off and <3m internal diluti
Slide 13: Pulganbar Cobalt-Copper-Gold District
PULGANBAR COBALT-COPPER-GOLD DISTRICT Cobalt Ridge is part of a much larger system – For personal use only the Pulganbar Prospect Large (>2.5km x >1km) zoned, Cu-Au-Co rich hydrothermal alteration zone. Numerous historic Cu-Co-Au workings with significant shafts, drives and adits. Mineralisation def
Slide 14: Pulganbar Rock Chip Sampling - 2016
PULGANBAR ROCK CHIP SAMPLING - 2016 Sample Cu Au Ag Fe Mo Sb ID Prospect % ppm ppm % ppm ppm High grade copper and cobalt mineralisation is For personal use only Pulganbar part of a large hydrothermal system MG0045 Federal Cu Lodes 8.50 0.1 30.9 28.3 474 3.08 MG0076 Federal Cu Lodes 6.37 0.041 32.6
Slide 15: Hassans Cu-Mo-Au-Co Target
HASSANS CU-MO-AU-CO TARGET Hassans Cu- EL8379 Mo-Au Target A ‘window’ through to basement rocks identifies exceptional prospectivity For personal use only Magnetic High Contours Large (>1.5km x >1.5km), zoned silica-tourmaline- up to 1.2g/t Au, 26.8% Cu, 440g/t Ag & limonite (after sulphide) breccia
Slide 16: Gordonbrook Hill Target
GORDONBROOK HILL TARGET EL8379 Gordonbrook Hill Au-Cu Target Significant Cu-Au mineralisation associated For personal use only with silica-tourmaline-chalcopyrite-pyrite cemented breccias Large intrusive related, hydrothermal alteration zone ‘Mt Gilmore associated with a topographic high (>1.8km x C
Slide 17: Gordonbrook Hill Target
GORDONBROOK HILL TARGET Pluck Cu-Au Mine Cu-Au mine with two shafts, two adits No previous drill testing reported For personal use only and two drives 15m & 24m below Walk up drill target surface. ~200m strike. Opened 1883, smelter constructed in 1907. Grade of 13% Cu is reported between 1903-1907.
Slide 18: Gordonbrook Rock Chip Sampling - 2016
GORDONBROOK ROCK CHIP SAMPLING - 2016 Mineralisation at Gem, Pluck & Fine For personal use only Flower possible ‘leakage structures’ from large Cu-Au system Sample Cu Au Ag Fe Mo Sb Prospect ID % ppm ppm % ppm ppm Pluck Mine MG0039 Pluck Cu-Au Mine 7.35 1.29 87.5 8.92 1.36 20.5 MG0036 Pluck Cu-Au Mi
Slide 19: Iron Mountain Cu-Au Target
IRON MOUNTAIN CU-AU TARGET EL8379 Iron Mountain Cu-Au-Fe Large coincident geophysical and geochemical Skarn Target anomaly For personal use only Iron Mountain Cu-Au Historic iron ore (magnetite) mine, with >700m strike. Target: Schematic Geology Plan Exposed pyrite & chalcopyrite is associated with
Slide 20: Iron Mountain Cu-Au Target
IRON MOUNTAIN CU-AU TARGET Large coincident geophysical and Tenterfield TMI Aeromagnetic Image For personal use only geochemical anomaly High amplitude ‘bullseye’ and linear magnetic high anomalies occur across the target domain. Semi-coincident with magnetite-sulphide Cu- Magnetic Low Au skarns and
Slide 21: May Queen Cu-Au Target
MAY QUEEN CU-AU TARGET Large coincident geophysical and geochemical anomaly For personal use only Highly prospective for Cu-Au-Fe skarn and porphyry style Cu-Au deposits. Very limited previous exploration and undrilled. 1km Granodiorite Historic Cu-Au-Fe workings including three shafts and an adit w
Slide 22: Extensive Alteration + Mineralisation
EXTENSIVE ALTERATION + MINERALISATION For personal use only 1.3% Cu 16.3% Cu 5.4% Cu 3.9% Cu ASX : CZN – PAGE 22
Slide 23: Project Strategy
PROJECT STRATEGY Current Placement For personal use only Tranche 2 expected to be completed by the end of July, 2016 (subject to Shareholder approval) Due Diligence Process Completed by end of June, 2016 Proposed Exploration Activities – Cobalt Ridge Database generation Focussed on Determination of
Slide 24: 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