CORAZON MINING LIMITED — Capital/Financing Update 2018

Jul 3, 2018

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ASX ANNOUNCEMENT 4 July 2018
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INCREASED COBALT POTENTIAL AT MT GILMORE DRILLING COMMENCING EARLY JULY

• Drilling at Mt Gilmore expected to commence early July – initial 2000 metre program to focus on Cobalt Ridge Deposit – planning for drilling of new targets underway

• Four new, large cobalt-copper-gold soil anomalies discovered immediately on strike and north of Cobalt Ridge

• Extensive cobalt-copper-gold mineralisation defined over 12 kilometres - demonstrates the significant regional potential for Cobalt Ridge ‘lookalike’ deposits at Mt Gilmore

• Current phase of work focused on identifying new drill targets which will be ranked and progressively drilled

Corazon Mining Limited (ASX: CZN) ( Corazon or Company ) is pleased to announce an update on its current exploration at the Mt Gilmore Project ( Project ) in New South Wales. Corazon’s current phase of exploration is focused on identifying new cobalt-copper-gold sulphide targets within the wider Mt Gilmore Project area, as well as defining extensions to the priority Cobalt Ridge deposit.

Corazon has recently discovered four substantial cobalt-copper-gold anomalies, resulting in a total of six areas requiring further testing, within a contiguous 10 kilometre strike around the Cobalt Ridge Deposit (Figure 1). This is in addition to the three high tenor Lantana Downs anomalies (ASX announcement 26 April 2018), located a further 2 kilometres to the north (Figure 2).

These new anomalies are highly significant and are on par in tenor to the soil geochemical anomaly for the outcropping Cobalt Ridge Deposit. The new anomalies were defined from an ongoing project-wide 200 metre by 200 metre soil sampling program. The Company will now conduct infill soil sampling, to a 50 metre by 50 metre pattern, in order to further define and refine potential drill targets.

Next Phase of Drilling to Commence

Corazon advises that the next phase of drilling at Mt Gilmore is expected to commence in early July. Drilling will initially focus on infill and extension testing at Cobalt Ridge, and also provide a firstpass test of priority features generated by the recently completed 3D Induced Polarisation (IP) geophysical survey.

The Company plans to complete approximately 14 holes for about 2000 metres of reverse circulation (RC) and core drilling at Cobalt Ridge. The drilling contractor has been engaged and is expected to mobilise to site during the first week of July. The Company will advise the market on the commencement of drilling and provide additional exploration results as they become available.

The proposed drilling will also progressively test new target areas within the wider Mt Gilmore Project area generated by the Company’s ongoing regional soil sampling program.

Level 1, 329 Hay St, Subiaco, W.A. 6008 | PO Box 8187, Subiaco East, W.A. 6008 | +61 (8) 6142 6366 | info@corazon,com.au | www.corazon.com.au | ASX: CZN

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Figure 1 –Cobalt and Copper in soils images with interpreted geology and prospect locations. Exploration is targeting a window of basement rock sandwiched between granite and younger cover. (Prospects - P1 = Nettle Ck, P2 = Glamorgan, P3 = Cobalt Ridge, P4 = Morgan’s Rd, P5 = Kerry Glen, P6 = Hassan’s Ck, P7 = Gordonbrook Hill). Prospect locations also presented in Figure 2.

Level 1, 329 Hay St, Subiaco, W.A. 6008 | PO Box 8187, Subiaco East, W.A. 6008 | +61 (8) 6142 6366 | info@corazon,com.au | www.corazon.com.au | ASX: CZN

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Mt Gilmore Soil Sampling Program

Corazon is currently undertaking a geochemical soil-sampling program of approximately 3,000 samples over a strike of more than 18 kilometres, along the trend that hosts the Cobalt Ridge deposit (Figure 2).

The Company is seeking to systematically test favourable basement lithologies for cobalt, copper and gold mineralisation, along strike from Cobalt Ridge. The program is designed to be a first-pass test of basement rocks, initially focusing on areas of historical copper-gold mining, as well as new targets generated from Corazon’s geophysical work.

The soil sampling program has been highly effective in testing the basement rocks at Mt Gilmore for targeted metals, and has resulted in the discovery of multiple high-tenor anomalies, which will be further defined before being ranked and prioritised for drilling.

To date approximately 1,375 samples have been collected with results of approximately 874 being returned from the laboratory (including duplicate, standard and blank samples). Current work includes continuing with the regional sampling on a 200 metre by 200 metre pattern, as well as infilling anomalous areas on a 50 metre by 50 metre pattern, for the delineation of drill targets.

The results of this phase of exploration have far exceeded expectations, already identifying several new prospects. The tenor of these cobalt anomalies are on par with the outcropping Cobalt Ridge Deposit and identify the target corridor at Mt Gilmore as having a strong multi-element correlation (that includes cobalt, copper, gold, antimony, molybdenum, tellurium, bismuth, indium and tin). It is evident that a large regional scale hydrothermal event has resulted in the cobalt sulphide mineralisation and there is expectation for the discovery of mineral deposits in addition to the Cobalt Ridge cobalt-copper-gold deposit.

The wider Mt Gilmore Project area hosts multiple historical copper-gold workings exhibiting mineralisation similar to that at Cobalt Ridge, but have yet to be tested for cobalt. These areas provide the discovery-potential for multiple Cobalt Ridge ‘lookalike’ deposits, which would significantly expand Mt Gilmore’s cobalt-copper-gold sulphide endowment.

Mt Gilmore Project Overview

The Mt Gilmore Project is located 35 kilometres from the major regional centre of Grafton in northeastern New South Wales. Corazon owns a 51% interest in the Project, and the exclusive right to earn up to an 80% interest in the Project.

Drilling by Corazon at Cobalt Ridge has validated historical mining and exploration results and confirmed the presence of multiple zones of cobalt-copper-gold sulphide mineralisation over a strike length of at least 300 metres. The mineralisation remains open along strike and at depth. The Main Cobalt Lode has been the primary target for past drilling. This lode is up to 25 metres in true width and contains multiple narrow zones of higher-grade mineralisation.

Corazon has defined the prospective 18 kilometre “Mt Gilmore trend” within the Project area; it includes more than 25 historic working, including significant shafts, adits and drives with high-grade copper and gold mineralisation (rock chips up to grades of 26.8% Cu and 9.2 g/t Au) in addition to the cobalt mineralisation.

Level 1, 329 Hay St, Subiaco, W.A. 6008 | PO Box 8187, Subiaco East, W.A. 6008 | +61 (8) 6142 6366 | info@corazon,com.au | www.corazon.com.au | ASX: CZN

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Although mapping indicates extensive hydrothermal alteration and copper-gold mineralisation at surface, very little modern exploration has been undertaken at the Project. Aside from small-scale historic mines, previous exploration has predominantly been restricted to general prospecting/ mapping, rock-chip/ grab sampling, with drilling completed at only one of the targets (the Pulganbar–Cobalt Ridge area).

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Figure 2 –Regional geological interpretation map showing Mt Gilmore trend, soil sampling areas and cobalt-copper-gold prospect locations.

Level 1, 329 Hay St, Subiaco, W.A. 6008 | PO Box 8187, Subiaco East, W.A. 6008 | +61 (8) 6142 6366 | info@corazon,com.au | www.corazon.com.au | ASX: CZN

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Lynn Lake Resource Update

The Company continues to progress preparations for the calculation of a new JORC 2102 Resource Estimate for its 100% owned Lynn Lake Nickel-Copper-Cobalt Project in Manitoba Province, Canada.

Independent experts are currently assessing and interpreting all available historical drill hole and mining data at the Lynn Lake Mining Centre for inclusion in the new, updated Resource statement. Given the large amount of historical data required to be incorporated in the Lynn Lake Resource update, which will include cobalt for the first time, it is now anticipated the new Resource Estimate will be released in the current quarter.

Corazon previously released an initial JORC Resource at Lynn Lake in 2015 (ASX announcement 16th April 2015). Since that time, the Company has captured an extensive amount of drill hole and mining data for use in Resource calculations and mining studies - including the addition of approximately 6,000 historical drill holes to the database. It is expected that this additional data plus the inclusion of cobalt will add significant value to Lynn Lake Resource.

ENDS.

For further information visit www.corazon.com.au or contact:

Brett Smith

Brett Smith James Moses Managing Director Media & Investor Relations Corazon Mining Limited Mandate Corporate P: +61 (8) 6142 6366 M: +61 (0) 420 991 574 E: info@corazonmining.com.au E: james@mandatecorporate.com.au

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.

Level 1, 329 Hay St, Subiaco, W.A. 6008 | PO Box 8187, Subiaco East, W.A. 6008 | +61 (8) 6142 6366 | info@corazon,com.au | www.corazon.com.au | ASX: CZN

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Forward Looking Statements

This announcement contains certain statements that may constitute “forward looking statement”. Such statements are only predictions and are subject to inherent risks and uncertainties, which could cause actual values, results, performance achievements to differ materially from those expressed, implied or projected in any forward looking statements.

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.

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.

The Company is not aware of any new information or data that materially affects the information included in this ASX release, 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.

Level 1, 329 Hay St, Subiaco, W.A. 6008 | PO Box 8187, Subiaco East, W.A. 6008 | +61 (8) 6142 6366 | info@corazon,com.au | www.corazon.com.au | ASX: CZN

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Table 1: Checklist of Assessment and Reporting Criteria

4[th] July 2018

Mt Gilmore Project, New South Wales, Australia.

Surface Soil Geochemistry – Mt Gilmore – July 2018

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	 Nature and quality of sampling (eg cut channels, random chips, or		A total of 1,375 soil samples have been taken in 2018 at the
techniques	specific specialised industry standard measurement tools appropriate		Cobalt Ridge prospect, within the Mt Gilmore Project, Australia.
	to the minerals under investigation, such as down hole gamma		Including Standards, duplicate samples and blanks.
	sondes, or handheld XRF instruments, etc). These examples should		Samples have been taken on variable grid patterns, including
	not be taken as limiting the broad meaning of sampling.		100m x 50m, 100m x 100m, 100m x 200m and 200m by 200m
	 Include reference to measures taken to ensure sample representivity		nominal grids using a hand-held GPS with +/-5m accuracy
	and the appropriate calibration of any measurement tools or systems		utilising MGA zone 56 (GDA94) co-ordinate system.
	used.		Surface organic matter was removed from the sample site using
	 Aspects of the determination of mineralisation that are Material to the		a hand pick and shovel.
	Public Report.		A 25cm x 25cm x 25cm deep hole is dug using a mattock, a
	 In cases where ‘industry standard’ work has been done this would be		sample of primarily C soil horizon is taken directly above
	relatively simple (eg ‘reverse circulation drilling was used to obtain 1		basement rock.
	m samples from which 3 kg was pulverised to produce a 30 g charge		The soil sample was screened using a 3mm mesh aluminium
	for fire assay’). In other cases more explanation may be required,		sieve and a 200-250 gram sub sample of -3mm fraction was
	such as where there is coarse gold that has inherent sampling		retained in a labelled soil geochemical bag for analysis.
	problems. Unusual commodities or mineralisation types (eg		Soil sample IDs and locations are stored digitally in a register
	submarine nodules) may warrant disclosure of detailed information.		which also notes sample content and conditions.
			External certified reference material / standards, blanks and
			duplicates are submitted every 50th, 51stand 52ndsample
			respectively for QAQC purposes. The submitted samples also
			included 6 standards and 6 blanks.
			Samples were submitted to independent certified Australian
			laboratory ALS Brisbane via courier and analysed for 35
			elements including cobalt to 1ppm using ALS method ME-ICP41
			(Aqua Regia ICP-AES). Gold analysed separately using “ALS
			method Au-ST43 to 0.1 ppb.
			To date, 874 assay results have been received from the Lab.

Drilling		Drill type (eg core, reverse circulation, open-hole hammer, rotary air	Not applicable
techniques		blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple

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Table 1: Checklist of Assessment and Reporting Criteria

4[th] July 2018

Mt Gilmore Project, New South Wales, Australia.

Surface Soil Geochemistry – Mt Gilmore – July 2018

Criteria	JORC Code explanation	Commentary
	or standard tube, depth of diamond tails, face-sampling bit or other
	type, whether core is oriented and if so, by what method, etc).
Drill sample	 Method of recording and assessing core and chip sample recoveries	Not applicable
recovery	and results assessed.
	 Measures taken to maximise sample recovery and ensure
	representative nature of the samples.
	 Whether a relationship exists between sample recovery and grade
	and whether sample bias may have occurred due to preferential
	loss/gain of fine/coarse material.
Logging	 Whether core and chip samples have been geologically and	Soil samples were logged by an experienced Field Technician.
	geotechnically logged to a level of detail to support appropriate
	Mineral Resource estimation, mining studies and metallurgical	IDs and locations are stored digitally in a register, which also notes
	studies.	sample content and conditions.
	 Whether logging is qualitative or quantitative in nature. Core (or
	costean, channel, etc) photography.
	 The total length and percentage of the relevant intersections logged.
Sub-sampling	 If core, whether cut or sawn and whether quarter, half or all core	A 1kg to 2kg soil sample was screened using a 3mm mesh aluminium
techniques	taken.	sieve and a 200-250 gram sub sample of -3mm fraction was retained in a
and sample	 If non-core, whether riffled, tube sampled, rotary split, etc and	labelled soil geochemical bag for analysis.
preparation	whether sampled wet or dry.
	 For all sample types, the nature, quality and appropriateness of the
	sample preparation technique.
	 Quality control procedures adopted for all sub-sampling stages to
	maximise representivity of samples.
	 Measures taken to ensure that the sampling is representative of the in
	situ material collected, including for instance results for field
	duplicate/second-half sampling.
	 Whether sample sizes are appropriate to the grain size of the material
	being sampled.
Quality of	 The nature, quality and appropriateness of the assaying and	All samples for analysis have been submitted to ALS Minerals, Shand
assay data	laboratory procedures used and whether the technique is considered	Street,Brisbane,Queensland. ALS is a respected and certified

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4[th] July 2018

Table 1: Checklist of Assessment and Reporting Criteria

Mt Gilmore Project, New South Wales, Australia.

Surface Soil Geochemistry – Mt Gilmore – July 2018

Criteria	JORC Code explanation	Commentary
and	partial or total.	independent laboratory with extensive experience and with	operations
laboratory	 For geophysical tools, spectrometers, handheld XRF instruments, etc,	throughout the world.
tests	the parameters used in determining the analysis including instrument
	make and model, reading times, calibrations factors applied and their	External certified reference material / standards, blanks and duplicates
	derivation, etc.	are submitted every 50th, 51stand 52ndsample respectively	for QAQC
	 Nature of quality control procedures adopted (eg standards, blanks,	purposes.
	duplicates, external laboratory checks) and whether acceptable levels
	of accuracy (ie lack of bias) and precision have been established.	Lab Standards, Repeats and Blanks have also been reported within the
		ALS Certificates, along with the standard QC Reports.
		Sample preparation included Laboratory pulverizing to 85% passing
		<75um.
		Analysis methods utilized ALS method ME-ICP41 (Aqua Regia ICP-
		AES). This method tested for 35 elements. Further details	for this
		analytical method and detection limits can be obtained from ALS.
		Element Method Detection
			Limit
		Ag, Al, As, B, Ba, Be, Bi, ME-ICP41 (Aqua Variable
		Ca, Cd, Co, Cr, Cu, Fe, Regia ICP-AES)
		Ga, Hg, K, La, Mg, Mn,
		Mo, Na, Ni, P, Pb, S, Sb,
		Sc, Sr, Th, Ti, Tl, U, V, W,
		Zn.
		Au Au-ST43 0.1	ppb
Verification of	 The verification of significant intersections by either independent or	Sampling and analytical methods are of a good standard and as such the
sampling and	alternative company personnel.	results are considered representative of the mineralisation.
assaying	 The use of twinned holes.  Documentation ofprimary data, data entry procedures, data	Sample security has been controlled by the Company or ALS Minerals.

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Table 1: Checklist of Assessment and Reporting Criteria

4[th] July 2018

Mt Gilmore Project, New South Wales, Australia.

Surface Soil Geochemistry – Mt Gilmore – July 2018

Criteria	JORC Code explanation	Commentary
	verification, data storage (physical and electronic) protocols.	Auditing of these results has determined accuracies within acceptable
	 Discuss any adjustment to assay data.	industry standards.
Location of	 Accuracy and quality of surveys used to locate drill holes (collar and	Sample locations were surveyed by hand-held GPS utilising the GDA94
data points	down-hole surveys), trenches, mine workings and other locations	(Zone 56) datum (approximately + 5m accuracy).
	used in Mineral Resource estimation.
	 Specification of the grid system used.
	 Quality and adequacy of topographic control.
Data spacing	 Data spacing for reporting of Exploration Results.	Samples have been taken on variable patterns, including 100m x 50m,
and	 Whether the data spacing and distribution is sufficient to establish the	100m x 100m, 100m x 200m and 200m by 200m nominal grids.
distribution	degree of geological and grade continuity appropriate for the Mineral
	Resource and Ore Reserve estimation procedure(s) and	Infill sampling is proposed for certain areas on a 50m bx 50m pattern.
	classifications applied.
	 Whether sample compositing has been applied.
Orientation of	 Whether the orientation of sampling achieves unbiased sampling of	A square grid sampling pattern was utilised. No orientation bias has
data in	possible structures and the extent to which this is known, considering	been established.
relation to	the deposit type.
geological	 If the relationship between the drilling orientation and the orientation
structure	of key mineralised structures is considered to have introduced a
	sampling bias, this should be assessed and reported if material.
Sample	 The measures taken to ensure sample security.	Sample submission for the sampling program was undertaken by an
security		experienced field technician engaged by the Company.
Audits or	 The results of any audits or reviews of sampling techniques and data.	No audit of results has been undertaken as yet.
reviews

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4[th] July 2018

Table 1: Checklist of Assessment and Reporting Criteria

Mt Gilmore Project, New South Wales, Australia.

Surface Soil Geochemistry – Mt Gilmore – July 2018

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	 Type, reference name/number, location and ownership including	The Mount Gilmore Project includes a single Exploration Licence
tenement and	agreements or material issues with third parties such as joint	(EL8379) located in New South Wales, Australia. The lease was granted
land tenure	ventures, partnerships, overriding royalties, native title interests,	on 23rdJune 2015 and includes 99 “Units”.
status	historical sites, wilderness or national park and environmental settings.  The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	EL8379 is owned 51% by Corazon Mining Limited subsidiary Mt Gilmore Resources Pty Ltd and 49% by Providence Gold and Minerals Pty Ltd. Corazon Mining Limited has the option to earn up to 80% equity in the Project (refer to announcement dated 16 June, 2016).
		The lease covers private farm (station) land and minor Crown Land.
Exploration	 Acknowledgment and appraisal of exploration by other parties.	Mineralisation was discovered in the Mt Gilmore Project region more than
done by other		130 years ago with small scale mining being completed in the late 1870’s
parties		at Glamorgan, Flintoffs and Federal copper and mercury mines.
		Historical records exist for the historical production and sampling. These
		reports vary in quality and reliability.
		Modern exploration within the Project commenced in the 1980’s when
		PanContinental completed ground IP and magnetic geophysical surveys,
		gridded soil geochemistry for Cu, As, Au and Co, 25 trenches (1518.5m)
		and 17 RC drill holes (for 1,020.82m).
		Between 2006 and 2008 Central West Gold NL completed 25 RC holes
		and 2 core tails for 2,880m of RC and 163m of core. 21 of these holes
		were targeting Cobalt Ridge and 4 were completed at Gold Hill.
		Corazon completed drilling at Cobalt Ridge in 2016 and 2017.

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Table 1: Checklist of Assessment and Reporting Criteria

4[th] July 2018

Mt Gilmore Project, New South Wales, Australia.

Surface Soil Geochemistry – Mt Gilmore – July 2018

Criteria	JORC Code explanation	Commentary
Geology	 Deposit type, geological setting and style of mineralisation.	The Project is located on the western edge of the Mesozoic Clarence-
		Morton Basin, where it abuts the Siluro-Devonian Silverwood Group. The
		Silverwood group is intruded by the Later Permian Towgon Grange
		Granodiorite and, at the contact, tourmaline rich bodies occur ranging from
		veinlets to breccia-fill to dyke-like bodies up to 10m wide. The tourmaline
		enrichment appears to correlate with copper, cobalt and gold soil
		anomalies. Zoning of mineralisation has been identified, with cinnabar
		concentrated within the granodiorite and copper and gold concentrated
		within the hornfels.
		The Project is considered prospective for tourmaline breccia hosted Co-
		Cu-Au deposits, Cu-Au-Fe skarns and Quartz-sulphide vein systems,
		including porphyry Cu-Au deposits.
Drill hole	 A summary of all information material to the understanding of the	Not applicable.
Information	exploration results including a tabulation of the following information
	for all Material drill holes:
	o easting and northing of the drill hole collar
	o elevation or RL (Reduced Level – elevation above sea level in
	metres) of the drill hole collar
	o dip and azimuth of the hole
	o down hole length and interception depth
	o hole length.
	 If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract from
	the understanding of the report, the Competent Person should clearly
	explain why this is the case.
Data	 In reporting Exploration Results, weighting averaging techniques,	Not applicable.
aggregation	maximum and/or minimum grade truncations (eg cutting of high
methods	grades) and cut-off grades are usually Material and should be stated.
	 Where aggregate intercepts incorporate short lengths of high grade
	results and longer lengths of low grade results, the procedure used
	for such aggregation should be stated and some typical examples of

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Table 1: Checklist of Assessment and Reporting Criteria

4[th] July 2018

Mt Gilmore Project, New South Wales, Australia.

Surface Soil Geochemistry – Mt Gilmore – July 2018

Criteria	JORC Code explanation	Commentary
	such aggregations should be shown in detail.
	 The assumptions used for any reporting of metal equivalent values
	should be clearly stated.
Relationship	 These relationships are particularly important in the reporting of	Not applicable.
between	Exploration Results.
mineralisation	 If the geometry of the mineralisation with respect to the drill hole
widths and	angle is known, its nature should be reported.
intercept	 If it is not known and only the down hole lengths are reported, there
lengths	should be a clear statement to this effect (eg ‘down hole length, true
	width not known’).
Diagrams	 Appropriate maps and sections (with scales) and tabulations of	All diagrams include grids and scales for reference (if appropriate).
	intercepts should be included for any significant discovery being
	reported These should include, but not be limited to a plan view of
	drill hole collar locations and appropriate sectional views.
Balanced	 Where comprehensive reporting of all Exploration Results is not	Noted and complied with.
reporting	practicable, representative reporting of both low and high grades
	and/or widths should be practiced to avoid misleading reporting of
	Exploration Results.
Other	 Other exploration data, if meaningful and material, should be reported	Historical exploration results have been previously reported by Corazon
substantive	including (but not limited to): geological observations; geophysical	Mining Limited. This work included rock-chip sampling, soil
exploration	survey results; geochemical survey results; bulk samples – size and	geochemistry, geophysics and drilling. Reliance has been placed on
data	method of treatment; metallurgical test results; bulk density,	historical reports as an indicator of potential only.
	groundwater, geotechnical and rock characteristics; potential
	deleterious or contaminating substances.
Further work	 The nature and scale of planned further work (eg tests for lateral	Additional infill soil sampling and geophysics will provide a better
	extensions or depth extensions or large-scale step-out drilling).	understanding of the mineralised trends and mineralisation processes
	 Diagrams clearly highlighting the areas of possible extensions,	that will be used in defining drill targets.
	including the main geological interpretations and future drilling areas,
	provided this information is not commercially sensitive.

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