CORAZON MINING LIMITED — AGM Information 2024

Nov 11, 2024

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Annual General Meeting Presentation Exciting, New Base & Precious Metals Project Manitoba – Canada

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12[th] November 2024

DISCLAIMER

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FORWARD LOOKING STATEMENT

This presentation has been prepared by Corazon Mining Limited (“Corazon” or “Company”). 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 Company 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.

This presentation includes historical exploration results and project information. The 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.

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 control 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 statements. 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 mineral 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 on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other 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.

COMPETENT PERSONS STATEMENT

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 experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Smith consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Canadian geologist Dr Larry Hulbert has been engaged by Corazon as an expert in magmatic Ni-Cu-PGE mineralization and volcanogenic massive suphide (VMS) deposits. Dr Hulbert has extensive knowledge of the Lynn Lake district and over 40 years’ experience in both Ni-Cu-PGM and VMS exploration and research. During his early years with Sherrit-Gordon Dr Hulbert worked in exploration on the Fox and Ruttan Cu-Zn deposit mine properties. During his twenty-three years as a research scientist with the Mineral Deposit Research Group, Geological Survey of Canada, his research overlapped with the VMS working group and witnessed the development of some of the most important VMS metallogenic models in current use today. Dr Hulbert would qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.

Processing, auditing and interpretation of the 2008 VTEM geophysical survey has been completed by the Company’s consultant geophysicist and ‘expert’, Mr. Martin St-Pierre (P. Geophysicist) from St-Pierre Geoconsultant Inc., based in British Colombia, Canada. Mr St-Pierre has consulted for numerous mining companies and has extensive experience in the exploration for VMS deposits. Mr St-Pierre consents to the release of this geophysical interpretation as it appears within this announcement.

The information in this report that relates to Mineral Resources for the EL, Disco, ‘N’, ‘O. ‘P’ and Golf deposits contained within the Lynn Lake Nickel Project is based on information compiled by Mr. Stephen Hyland who is a Fellow of the Australasian Institute of Mining and Metallurgy and who has provided expert guidance on resource modelling and resource estimation. Mr Hyland is a Principal Consultant Geologist at HGMC consultants and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hyland consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

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2

CORAZON MINING LIMITED – CRITICAL & PRECIOUS METALS

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	QUALITY FIRST-WORLD MINERAL ASSETS	QUALITY FIRST-WORLD MINERAL ASSETS
	Post-Raise Pre-Raise*** 1,536m 668m Issued Shares 1,160m 62m Options/Rights $7.68m $3.34m Market Cap(assuming share price of $0.005) $2.8m $573k Cash Investments – 16.13m FBM Shares

• ( * ) Cash Position as in September 2024 Quarterly Current Unlisted Options** 5.27m at $0.0140 expiry 18 August 2026 56.39m at $0.010 expiry 30 June 2027

• ( ** ) Estimate of Cash Position post completion of capital raising As announced 11 November 2024. This table assumes that subscriptions from eligible shareholders under the entitlement offer do not exceed $1.2m and GBA Capital places all shortfall under the entitlement offer. If GBA Capital places less than $2.1m of shortfall under the entitlement offer, the total number of options on issue will decrease.

• Estimate of Unlisted Options post capital raising 5.27m at $0.0140 expiry 18 August 2026 56.39m at $0.010 expiry 30 June 2027

• 1,098m at $0.006 expiry 31 December 2027

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(ASX announcement 11 November 2024)

Shareholder Composition	Shareholder Composition
Number of Shareholders	2,400
Top 20 Shareholders	56%
Delphi	18.27%
Blackstone Minerals Ltd	15.28%

52W High $0.024 Low $0.004 Daily Average Volume Traded 317k

12-Month Share Price Performance

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3

CORAZON MINING LIMITED – BOARD AND MANAGEMENT

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NON-EXECUTIVE CHAIR – KRISTIE YOUNG B.Eng (Mining) Hons, GAICD, F.AusIMM

Ms Young has a unique background developed over +25 years across mining engineering, business development, project evaluation, marketing, strategy, growth, corporate governance and ESG. She has held senior growth and Business Development Director roles with leading professional services firms PwC and EY. As a mining engineer, Kristie has worked with Mt Isa Mines, Plutonic Gold, Hammersley Iron, Gunpowder Copper, New Hampton Goldfields and Surpac.

MANAGING DIRECTOR – BRETT S. SMITH B.Sc Hons (Geol), MAIG, M.AusIMM, MAICD

Mr Smith has more than 30 years’ experience as a geologist, manager, consultant and director in the resource exploration and mining industry throughout Australia and internationally. With extensive experience in corporate management, strategic development, ESG, marketing and the financing of exploration companies, Mr Smith has overseen the operations of several ASX listed companies with offshore mineral exploration projects.

NON-EXECUTIVE DIRECTOR – DR MARK YUMIN QIU PHD Economic Geology (University of W.A.)

Dr. Mark Yumin Qiu has a proven record in project generation and development. Dr. Qiu was previously General Manager, Project Generation and Acquisition and Head of Exploration and Business Development at Sino Gold, where he played a key role in the development of the business, from its formation to its $100 million IPO on ASX in 2002 and its $2.5 billion sale to Eldorado Gold Corporation in 2009. Dr Qiu also led the 2013 acquisition of the Southern Cross Operations at Marvel Loch in WA. After its successful exploration and development into production in 2015, the project was sold for $330 million in February 2017.

NON-EXECUTIVE DIRECTOR– ANDREW STRICKLAND B.Sc Hons (Geol), MAIG, M.AusIMM, MAICD

Mr Strickland is a senior executive with experience in project development and management across a diverse range of commodities including base metals, precious metals, industrial minerals and iron ore, in Australia and in international jurisdictions. He was part of the executive leadership team at Blackstone Minerals Ltd, a substantial shareholder in Corazon, where he is responsible for project development, mergers and acquisitions and partnership development. Through this role he has developed strong relationships throughout the battery metals supply chain sector in Australia, Canada and Southeast Asia.

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COMPANY SECRETARY – CFO

ROBERT ORR B.Bus.Acc, CA

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LEAD TECHNICAL – AUSTRALIA DR BEN LI

PHD Economic Geology (University of W.A.), MAIG

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LEAD TECHNICAL – CANADA DR LARRY HULBERT

B.Sc (Hons), M.Sc University of Regina, D.Sc University of Pretoria

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4

CORAZON MINING LIMITED – CRITICAL & PRECIOUS METALS

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A DIVERSE ASSET PORTFOLIO OF QUALITY FIRST-WORLD MINERAL ASSETS

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LYNN LAKE BASE & PRECIOUS METALS

• MacBride Copper-Zinc-Gold Project – Acquiring 100%

• “Polymetallic Strategy” developing quickly [(1) ] with multiple copper-zinc-gold deposits identified within region

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LYNN LAKE – 100%
NICKEL-COPPER-COBALT
COPPER-ZINC-GOLD
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• Preliminary work on the proposed acquisition highlights exciting potential, establishing a primary focus for base and precious metals exploration [(2)]

• Lynn Lake Historical Ni-Sulphide Mining Centre[(14)]

• Large long-life, low-cost critical metals mining opportunity

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MT GILMORE – 80%
COPPER-COBALT-GOLD
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• Mining and metallurgical studies continuing as a lower priority

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MT GILMORE COPPER-COBALT-GOLD

• Early Stage – Regionally Substantive Target

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• Target for “giant porphyry copper-gold deposit” identified

• • First drilling completed – enhances primary target area [(10) ]

MIRIAM – Ni-SULPHIDE + GOLD + Li-PEGMATITE JV

• 1969 Ni-sulphide discovery on-strike from the Nepean Nickel Deposit [(11)]

• Lithium JV with Future Battery Minerals Limited (ASX:FBM) [(12)]

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HEAD OFFICE
PERTH
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MIRIAM

NICKEL SULPHIDE – 100% LITHIUM PEGMATITE JV – 15% GOLD – 100%

References provided in Slide 28

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5

BUILDING A SIGNIFICANT POLY-METALLIC PROJECT AT LYNN LAKE

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CORAZON – 100% RIGHTS TO MULTIPLE CRITICAL METAL DEPOSITS

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Strategic Multi-Commodity Acquisition[(1)]

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• The MacBride Project area includes two drill-defined high-grade base and precious metal sulphide deposits

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• Processing methods (flotation) for massive sulphide copper-zinc-goldsilver deposits have synergies with nickel sulphide processing

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Multiple base metal deposits defined within region

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MacBride has long been regarded as a potential “satellite project” to the Lynn Lake or Ruttan mining operations

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All major discoveries and mine developments took place between the 1950’s and 1970’s

References provided in Slide 28

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Corazon
Corazon
Lynn Lake Ni-Cu-Co
Acquisitions
Mining Centre
1954-1976
Production [(21)] 206,200t Ni, 107,600t Cu
Resource [(22][)] 116,800t Ni, 54,300t Cu
Fox Lake Mine [(5)]
Production 11.96Mt @ 1.82%Cu, 1.78% Zn
1970-1985 Ruttan Mine [(6)]
Production 55Mt @ 1.23%Cu, 1.41% Zn
1975-2002
Current Resource 19.75Mt @ 1.17%Cu, 1.47% Zn
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6

BUILDING A SIGNIFICANT POLY-METALLIC PROJECT AT LYNN LAKE

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Large JORC resources – prolific historical Ni-Cu-Co mining centre Beneficial infrastructure + hydropower

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Potential long-life, low-cost mining operation

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• Two outcropping drill-defined high-grade Cu-Au-Zn & Zn-Cu massive sulphide deposits

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Multiple untested EM conductors on trend

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Potential for the discovery of a “mine-camp” with multiple deposits

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Corazon
Barrington Corazon
Cu Deposit Wellmet
Cu-Au-Zn Deposit
Corazon
Lynn Lake Ni-Cu-Co MacLellan Gordon Gold
Mining Centre Gold Project Project
Corazon
MacBride
Zn-Cu Deposit
Manitoba Geological Survey 1:50k interpreted
geology compilation draped over DTM, with lakes
and Corazon’s project locations.
Datum : UTM Zone 14N (NAD83)
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7

MACBRIDE GEOLOGY AND PRIORITY TARGETS

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Multiple priority geophysical conductors[(2)]

• Processing of a 2008 VTEM survey defined multiple conductors

• Nine priority conductors selected

• One priority conductor is coincident with the high-grade outcropping MacBride deposit

• The MacBride conductor is not the highest ranked priority conductor

• Most of the priority conductors are of similar size, if not bigger, than the MacBride massive sulphide deposit conductor

Prospective stratigraphic horizon – an exploration focus[(2)]

• Mapping and geophysics identifies target lithologies over a ~7km strike within the MacBride claim area

Conductor Plate ID	Conductivity (CT)	Strike - Horizontal (m)	Depth - Vertical (m)	Depth to Top of Plate (m)
MacBride Deposit	V High	150	400	Surface
MacBride-1	V High	213	34	126
MacBride-2A	Low-Mod	361	58	178
MacBride-2B	Low	106	207	152
MacBride-3	High	34	32	88
MacBride-4A	Low	126	392	100
MacBride-4B	Low	117	463	47
MacBride-4C	High	450	26	118
MacBride-4D	Low	731	99	25

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Interpreted Geology and VTEM Conductors[(2)]

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References provided in Slide 28

8

MACBRIDE PROJECT – WELLMET & MACBRIDE DEPOSITS

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Wellmet Copper-Gold Horizon[(1) ] – Selected Historical Drill Intercepts

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MacBride Project Historical Exploration

• Outcropping Wellmet and MacBride deposits were discovered in the mid-1950’s, with campaign drilling completed up to the mid-1990’s

• Wellmet drilling identifies both “copper-gold rich” and “zinc rich” horizons

• MacBride drilling has focussed on the “Main Zinc Horizon”

• Historical exploration data currently being collated

• Mapping indicates multiple surface copper occurrences

• Ground geophysics supports the potential for multiple sulphide horizons

Massive Sulphide Deposit Model

• Typically occur as ‘clusters’ of deposits

• Deposits can include polymetallic stacked lenses/horizons

• Central to the heat system is copper dominant – laterally grading outwards to zinc dominant

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Wellmet Zinc Horizon[(1) ] – Selected Historical Drill Intercepts

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MacBride Main Horizon[(1)] – Selected Historical Drill Intercepts

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References provided in Slide 28

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9

MACBRIDE PROJECT

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Historical Drilling – MacBride Deposit[(1)]

• Campaign drilling programs completed from discovery in the mid1950’s until the mid-1990’s – majority of work undertaken in the 1970’s

• MacBride drilling totals 41 core holes for 6,847.5m over a ~400m strike

• The “Historical Endowment” [(7)] is outlined by 29 holes, over approximately 230m strike, 370m depth and +4m average width

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Past Geophysics – MacBride Deposit

• Ground EM geophysics (1970’s) [(8)] indicated a conductor strike of ~430m – with an untested parallel conductor +100m to the east

• Corazon’s assessment of the 2008 aerial VTEM (versatile time domain electromagnetic) survey supports conductivity increasing with depth [(2)]

References provided in Slide 28

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Cross-Section Source Reference (1)
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10

MINE CAMP ANALOGY – SNOW LAKE MANITOBA

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Flin Flon Greenstone Belt – Chisel Basin Analogy
• The Flin Flon Greenstone Belt hosts approximately 30 developed deposits containing close to
180 Mt of sulphide ore [(3)]
• Multiple copper-zinc-gold sulphide deposits along stratigraphic/structural trends
• Similar lithological hosts and age to the Lynn Lake Greenstone Belt
Lalor
1901
4 km
Chisel North
Chisel
Lost & Ghost Lake Manitoba
Geology Map Source
Province Reference (3)
Geology Map Source
Reference (4)
References provided in Slide 28
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References provided in Slide 28
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11

MACBRIDE – NEXT STEPS – A POTENTIAL MINE CAMP

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Complete geological and resource modelling on historical drilling at the MacBride deposit

• Provides a target model for the other 8 untested priority conductors

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Extend aerial geophysical survey – testing for additional conductors on-trend

• Favourable stratigraphic horizon continues to the west

• Deformed terrane to the east is also prospective (e.g. conductors 2A, 2B & 3)

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Secure work program approvals for field exploration

• The MacBride Project is predominantly located within an elevated terrain that can be explored throughout the year

• Proposed initial exploration includes –

• Aerial or ground electromagnetic surveys over the priority VTEM conductors to more accurately define the drill targets

• Due-diligence/extensional drilling at the MacBride deposit

• Initial drilling of new priority conductors

• Field validation of historically identified outcropping copper mineralisation and ‘step-out’ regional exploration targets of interest

References provided in Slide 28

Interpreted Geology and VTEM Conductors[(2)]

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12

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MACBRIDE PROJECT – COMPELLING ACQUISITION

Sulphide (VMS) deposits typically occur in clusters

MacBride Deposit Wellmet Deposit

The township and historical mining centre at Lynn Lake provides beneficial infrastructure and support for the MacBride Project

Numerous un-drilled

Two drill-defined deposits with high-grade copper, zinc and gold results from surface

geophysical conductors and surface copper occurrences are defined within the MacBride Project – on trend from the drill defined massive sulphide deposits

Hydroelectricity provides lowcost, renewable energy supply options for the Lynn Lake Project

Attractive critical and precious metal association Almost no modern exploration or target generation

Manitoba accelerating longterm sustainable development of critical minerals

Corazon has existing agreements with local First Nation people

The Marcel Colomb First Nation are supportive of minerals exploration and development and are Corazon Shareholders

13

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Accelerated Demand Needed to Achieve Zero Emissions Targets

CRITICAL METALS : COPPER – ZINC – NICKEL

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Essential in the “ transition to renewable energy sources ”

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um er l m sium ium 1. Lithium 2. Nickel 3. Cobalt 4. Magnesium 5. Aluminum 6. Copper 7. Iron 8. Tin 9. Vanadium	Kg/MW Graph Source – International Energy Agency(13) Comparison of minerals used in Energy Technologies Growth in Renewable Energy sources expected to impact demand for key metals Zinc Copper

CRITICAL METALS : COPPER – ZINC – NICKEL

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Essential in the “ transition to renewable energy sources ”

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Copper demand to grow between 55% and 70% – critical for the rapid deployment of renewables and EVs[(18)(16)] Zinc demand to increase between 100% and 230% on the back of renewable energy solutions[(17)(20)] Nickel demand almost doubles – with accelerating requirements for energy storage and EVs[(19)]

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Zinc Demand To More Than Double to 2030[(17)] Statista April 2024

Copper demand projected to grow ~70% through to 2050[(16)] BHP September 2024

(15)

References provided in Slide 28

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16

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Website LinkedIn
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Telephone: +61 8 6166 6361 Email: info@corazon.com.au Website: corazon.com.au

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Appendix I

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Nickel-Copper-Cobalt Sulphide Development Opportunity

LYNN LAKE PROJECT LOCATION AND INFRASTRUCTURE

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Prolific Nickel Sulphide Intrusive Complex

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Farley Shaft
A Shaft
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Produced 206,200t Ni and 107,600t Cu[(21)]

• Over 20 separate nickel sulphide deposits

• A Plug – 18Mt @ 0.88% Ni + 0.47% Cu

Lynn Lake Townsite & Mine 1972

• EL Plug – 1.9Mt @ 2.4% Ni + 1.15% Cu

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Current Resource Areas

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• 80% Indicated or better JORC Category

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• Substantially drilled out & ready for mining

Community

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Hydro-Power Rail “A Shaft” – 1965 Project Location
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Hydro-Power
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References provided in Slide 28

19

NICKEL RICH PLUGS – GEOLOGICALLY UNIQUE WITHIN THE REGION

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(22)

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100% Sulphide Nickel (Negligible Unrecoverable Silicate Nickel)

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References provided in Slide 28

20

MINE DESIGN CONCEPTS*

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Cost reduction via mine design, material handling efficiencies and processing innovation

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Detailed mine scheduling and optimisation work underway Base Case Study includes +1Mtpa flotation plant

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Dual feed streams of High Grade (ROM) and Upgraded Low Grade targeting:

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~10kt Ni & ~5kt Cu metal/year Proposed Pit Shell Existing Vent Shafts Existing Production ShaftRefurbish to 2Mtpa – 3Mtpa
Mine life +15 years 0mbs
Shaft – production only Mine Design Envelope
Services access via an in-ramp
decline from the EL Opencut Proposed Services Decline 605mbs
Mine plan integrated with O Deposit
historical workings N Deposit
EL Deeps
High-Grade
Mine Design Envelope
Exploration Focus
P Deposit
Conceptual Statement – studies and N-Extension O-Extension
testwork yet to be finalised Exploration Focus Exploration Focus
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• *Conceptual Statement – studies and testwork yet to be finalised

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21

PROCESSING – CONCEPTUAL* FLOWCHART

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Beneficial Innovative Processing Technologies

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Low-Grade Upgrading Facility Flotation Plant
Low-Grade Feed ROM Feed
(+0.35% Ni, +0.15% Cu) (+0.6% Ni, +0.3% Cu)
Crushed Crushed
Feed Feed
Copper Float Nickel Float
Crushing/Grinding
Circulating
Load Up-Grade Ball Mill
to Flotation
+1,000um
Screening Up-Grade +0.8% Ni
Con +0.4% Cu
Eriez
Hydrofloat [TM] Copper Nickel
Fraction Fraction
Coarse Barren Tail
Conceptual Statement – studies
and testwork yet to be finalised
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22

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Appendix II

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Early-Stage Exploration Play for Giant Porphyry Copper-Gold Deposits

MT GILMORE 0.64 %Cu 176 ppmCo 294 ppmMo 10.75 %Cu 180 ppmCo 0.11 g/tAu 74.7 ppmAg 0.52 %Zn 5.04 %Cu 1,795 ppmCo 1.03 g/tAu 46 ppmMo + 20 km strike anomaly Extensive high-grade mineralisation at surface(23) Substantial hydrothermal mineralised footprint	2.55 %Cu 209 ppmCo 171 ppmMo 12.75 %Cu 1,250 ppmCo 21.6 %Cu 361 ppmAg 0.17 g/t Au 0.78 %Cu 148 ppmCo 0.12 g/tAu 0.41 %Cu 409 ppmCo 0.82 g/tAu 0.35 %Zn 7.35 %Cu 1.29 g/tAu 88 ppmAg 16.3 %Cu 393 ppmCo 238 ppmAg Geology + Copper in Soils Image	2.55 %Cu 209 ppmCo 171 ppmMo 12.75 %Cu 1,250 ppmCo 21.6 %Cu 361 ppmAg 0.17 g/t Au 0.78 %Cu 148 ppmCo 0.12 g/tAu 0.41 %Cu 409 ppmCo 0.82 g/tAu 0.35 %Zn 7.35 %Cu 1.29 g/tAu 88 ppmAg 16.3 %Cu 393 ppmCo 238 ppmAg Geology + Copper in Soils Image	2.55 %Cu 209 ppmCo 171 ppmMo 12.75 %Cu 1,250 ppmCo 21.6 %Cu 361 ppmAg 0.17 g/t Au 0.78 %Cu 148 ppmCo 0.12 g/tAu 0.41 %Cu 409 ppmCo 0.82 g/tAu 0.35 %Zn 7.35 %Cu 1.29 g/tAu 88 ppmAg 16.3 %Cu 393 ppmCo 238 ppmAg Geology + Copper in Soils Image
Grafton Mt Gilmore References provided in Slide 28	0.19 g/tAu 93 ppmAg 885 ppmMo	13.55 %Cu 898 ppmCo 15.15 g/tAu 66 ppmAg 474 ppmMo 0.34 %Zn

24

MT GILMORE

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• Innovative mineral chemistry vectoring studies [(24)] identifies May Queen as a target for Giant Porphyry Copper-Gold Deposits

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• Target has coincidental surface copper anomalism and geophysical characteristics potentially indicative of porphyry copper-gold systems Maiden drill program completed at May Queen [(10)]

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• Positive results - favourable porphyritic intrusive rocks and alteration intersected typical of a mineralised porphyry system

• The presence of copper sulphide assemblages including bornite and chalcopyrite in epidote-chlorite-quartz veins within a porphyry supports the target model for largescale porphyry copper-gold deposit at May Queen

References provided in Slide 28

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May Queen
Drilling Target
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25

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Appendix III

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Nickel Sulphide & Gold Exploration Li-Pegmatite (Free-Carried) JV

MIRIAM NICKEL SULPHIDE, GOLD AND LITHIUM PROJECT

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1969 Ni-Sulphide Discovery drilling:

• 9.6m @ 5.60% Ni

• 12.5m @ 0.56% Ni

• 3.2m @ 2.59% Ni

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Forrest Gold
Deposit
Miriam Trend
Ni-Sulphide
Targets
Lithium
Pegmatite
Target
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• 0.9m @ 5.57% Ni

• 6.1m @ 0.90% Ni

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Multiple “base of channel” targets defined over a 2.5km trend [(11)] Pegmatites … 2022 discovery of Lithium Pegmatite [(26)]

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Spodumene-rich pegmatite outcrop (1.85% Li2O, spodumene content ~30%)

Large geochemical anomaly

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Lithium Rights Divestment[(12)]

Strategic consolidation of Miriam lithium with Future Battery Minerals Limited’s (FBM) Kangaroo Hills Project

Lithium JV – FBM 85% / CZN 15% (free carried to positive DFS) Base and Precious Metal Rights – CZN 100%

References provided in Slide 28

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27

REFERENCES

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This presentation includes historical exploration results and project information. The 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.

Number	Reference Details
(1)	Corazon Mining Limited ASX Announcement, 13 June 2024. Strategic Multi-Commodity Acquisition. New high-grade zinc-copper-gold deposits provide potential to transform Lynn Lake into a regional poly-metallic processing hub.
(2)	Corazon MiningLimited ASX Announcement, 7th October 2024. Multiplegeophysical conductors identified at high-grade Lynn Lake zinc-copper-gold-silver deposit.
(3)	Field Trip Guidebook FT-A2 / Open File OF2013-3. 22-24 May, 2013. Table 1. Volcanological and structural setting of Paleoproterozoic VMS and Gold deposits at Snow Lake, Manitoba.And incorporatingthe more recent discovery of the 1901 deposit, as stated within the report titled “NI 43-101 Technical Report, Lalor and Snow Lake Operations, Manitoba, Canada”, dated March 29 2021. Hudbay Minerals Inc..
(4)	Make-a-map : a geological map of Manitoba
(5)	Fox VMS Depositproduction. Table 2 within "Copper and Zinc in Manitoba, 1986. Manitoba Energyand Mines - Mineral Education Series.
(6)	Ruttan Deposit historicalprojection and current resources. https://www.canadianminingjournal.com/news/copper-exploration-trevali-acquires-100-of-former-ruttan-mine/
(7)	MacBride historically reported mineral endowment stated on Page 8 of Metallic Mines and Mineral Deposits of Manitoba. Bamburak, J.D., 1990. Manitoba Energy and Mines Geological Services.
(8)	Percival, G. 1970. KnobbyLake Mines Ltd Turam Electromagnetic Surveyof CBM1533, MacBride Lake Area, Manitoba. KnobbyLake Mines Ltd, Assessment Report, AFN 94150.
(9)	Field TripGuidebook FT-A2 / Open File OF2013-3. 22-24 May, 2013. Volcanological and structural settingof Paleoproterozoic VMS and Gold deposits at Snow Lake, Manitoba.
(10)	Corazon MiningLimited ASX Announcement, 2 October 2024. MayQueen DrillingCompleted
(11)	Corazon MiningLimited ASX Announcement, 22 March 2023. Nickel Sulphide Targets Identified at Miriam Project - WA.
(12)	Corazon MiningLimited ASX Announcement, 24 May2024. Completion of Lithium Rights Divestment Transaction - WA
(13)	International EnergyAgency (2021)- Minerals used in clean energytechnologies compared to otherprowargeneration sources. Https://www.iea.org/data and statistics/charts/
(14)	Corazon MiningLimited ASX Announcement, 13 October 2023. Nickel Investor Webinar Presentation
(15)	BloombergNEF:$2.1T needed for energytransition metal sector to 2050. As reported in the MiningJournal - 3 October 2024
(16)	BHP Insights: how copper will shape our future. https://www.bhp.com/news/bhp-insights/2024/09/how-copper-will-shape-our-future
(17)	Global zinc demand forecast, but energy type 2020-2030. M Jaganmohan, April 2024. https://www.statista.com/statistics/1313661/global-zinc-demand-forecast-by-renewable-energy-type/
(18)	International EnergyAgency- Copper Analysis. IEA https://www.iea.org/reports/copper
(19)	Global Critical Metals Outlook, 2024. https://iea.blob.core.windows.net/assets/ee01701d-1d5c-4ba8-9df6-abeeac9de99a/GlobalCriticalMineralsOutlook2024.pdf
(20)	Zinc demand-supply to increase by 2050. International Zinc Association, 2022. https://www.bigmint.co/insights/detail/Zinc-demand-supply-to-increase-by-2050-says-IZA-study-321122
(21)	Nickel-Copper Mineralisation in the Lynn Lake Gabbro,Pinsent 1980. Economic GeologyReport ER79-3. Manitoba Department of Energyand Mines.
(22)	Corazon MiningLimited ASX Announcement,25 October 2021. Lynn Lake Resource Upgrade
(23)	Corazon MiningLimited ASX Announcement,5 February2019. Major New Copper Trend Identified
(24)	Corazon MiningLimited ASX Announcement,2 & 5 April 2024. Mt Gilmore PorphyryCopper Gold Target
(25)	Corazon MiningLimited ASX Announcement,8 December 2022. Miriam Lithium Discovery

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28