Corazon Mining LimitedASX: CZN

Company Presentation

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Investor Presentation

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Exploration and Development

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Nickel Copper Cobalt

14 December 2021 | ASX: CZN

Forward Looking Statement

onlyThis 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 all likelihood differ from those outlined herein. The presentation should not be construed as an offer or invitation to subscribe for or purchase securities in Corazon. Nor is it an inducement to make an offer or an invitation with respect to said securities.

The C mpany believes that it has a reasonable basis for making the forward-looking Statements in the announcement based on the information contained in this and previous ASX announcements.

useThe Company is not aware of any new information or data that materially affects the information included in this presentation, and the Company confirms that,

to the best of its knowledge, all material assumptions and technical parameters underpinning the exploration results in this release continue to apply and have

not materially changed. IMAGE

Forward-looking statements are statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources

or reserves and exploration results. All such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the personalcontrol of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and st tements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of

miner l deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing n a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) ther risks and uncertainties related to the Company's prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to

reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

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Corazon Mining Limited - At A Glance

onlyThe Company's target commodities include nickel, copper and c balt - metals that are critical to the booming rechargeable battery sector.

Overview

Corazon is an ASX listed junior mineral exploration company with projects in Canada and Australia.

Corazon's Lynn Lake Project in Canada is a historically

ignificant mining operation with current resources detailing

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116,800t nickel, 54,300t copper, 5,300t cobalt

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(JORC Resource Estimate - Published 27 November 2019)

Board of Directors

Terry Streeter

Non Executive Chairman

Brett Smith

Managing Director

J nathan Downes

Non Executive Director

Mark Yumin Qiu

Non Executive Director

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Capital Structure - ASX:CZN

Issued Shares

285m

Quoted Options(1)

26.5m

Unlisted Options and Rights(1)

20.29m

Market Cap (@ $0.033/share)

$9.4m

Cash (Quarterly Report Sept 2021)

$1.5m

Shareholders

Number of Shareholders

2,677

Top 20 Shareholders

35%

Board and Management

2%

Delphi

13%

Hanking Australia Investments

3%

ESM Limited

2%

  1. Quoted Options exercisable at $0.14 by 10 July 2022.
    Additional Unlisted Options include 250k at $0.14 by 10 July 2022; 19.54m at $0.10 by 20 May 2024 and 500k Performance Rights dated 20 December 2023

Corazon Mining Limited - Battery Metals Focus

PROJECT LOCATION BENEFITS OF 1ST WORLD JURISDICTIONS

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Lynn Lake - 100%

Nickel-Copper-Cobalt

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Head Office

Perth

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Miriam - Option exercised to acquire 100%

Nickel-Copper-Cobalt

  • Nickel deposit discovery in 1969
  • Extensive high-tenor nickel sulphide
  • Very little modern nickel exploration
  • Prolific historical mining centre
  • Large resources - drilled out and partially developed
  • Redevelopment opportunity
  • Exciting discovery potential

Mt Gilmore - 80%

Copper-Cobalt-Gold

  • New district scale exploration play
  • Large copper-cobalt-silver-gold hydrothermal system +20km strike - high-grade surface samples - potential untested by drilling
  • Includes a drill defined "cobalt dominant sulphide deposit"
US Senate Majority Leader Chuck Schumer - June 2021
"Unfathomable volume of metals and materials
needed"
Financial Post - June 2021

Nickel a "New World Metal"

NICKEL IS A CRITICAL COMPONENT OF

RECHARGEABLE BATTERIES

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Historical nickel price performance is reflective of:

Demand from the stainless steel sector

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Growth of emerging economies

Supply being able to satisfy growing demand

FORECASTS IN DEMAND FOR NICKEL FROM THE RECHARGEABLE BATTERY SECTOR IS UNPRECEDENTED

"The ultimate goal is to have every car

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manufactured in America to be electric by 2030"

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Average Nickel US$ Prices

Nickel Price

1980 - 2020

Today

Source - Statista

Nickel Usage ('000t)

1990 - 2020

Source - International Nickel Study Group

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