CORAZON MINING LIMITED — Investor Presentation 2014

Oct 28, 2014

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Company Presentation ASX : CZN 29 October 2014

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ASX: CZN | PAGE 1
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Forward Looking Statements

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• 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 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.

• 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.

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ASX: CZN | PAGE 2
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Corporate Overview

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Structure	Structure	Structure
Market Cap. @ 0.7 cps	A$	2.4M
Shares on Issue	#	406.6M
Options on Issue	#	35M
Cash(as at 1/7/14)	A$	2.4M
52 week share trading range	A$	$0.005 – 0.027

Company Focus

ASX listed nickel exploration company

Canadian brown-fields exploration project

• Development opportunity

• • Good exploration upside potential

	Board & Management	Board & Management
	Clive Jones		Non Executive Chairman
	Brett Smith		Managing Director
	Jonathan Downes		Non Executive Director
	Adrian Byass		Non Executive Director
	Rob Orr		Company Secretary

Ownership Analysis	Ownership Analysis
Number of Shareholders	1,700
Top 20	23.8%
Board Ownership	3.5%
Graeme Wallis	3.2%

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Company’s History

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Nickel Price
CZN Share Price
CZN – Option
Lynn Lake
EL Discovery
High-Grade Ni
Top Up Rise Exit
Top Up Rise
Option
Forecasted Nickel Price Range – 2015 to 2017
EL Resource
End of Drilling
New Lynn Lake
Drilling
Commences Option to 2015
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L nn Lake – Minin Centre y g

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A Plug
Mines
EL Plug
Mine
Airstrip
Township
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Historical Production

• Significant Canadian historical Ni producing regions Sheritt Gordon 23 year operation – 1953 to 1976

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• Production - 22.2 Mtons @ 1% Ni & 0.5% Cu

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• Production rate - 1 Mton per annum

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• Maximum mining depth to 1,100m below surface +85% recovery for all metals – Ni, Cu, Co

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Lynn Lake Now

• Corazon - largest land holder in region Excellent infrastructure

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• Township, shops, hospital

• Abundant hydro-electricity and water

• Sealed airstrip

• Road or rail access to smelters

No environmental or Native Title issues

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Lynn Lake – Project Location

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Raglan
Voiseys Bay
Lynn Lake
Thompson
Ontario Sudbury
Major Canadian Nickel Projects
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Geological Interpretation

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LEGEND
Shaft – Nickel Mine
Nickel Deposit
VMS Deposit
A Shaft
A Plug
Farley Shaft
EL Plug
EL Mine
Precambrian Lynn Lake Greenstone Belt
Ni-Cu-Co sulphides hosted by differentiated
South Plug mafic – ultramafic intrusions
•
Late stage sulphide rich melt
•
Massive to disseminated styles
Numerous VMS and gold deposits in region
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Core Photos - Mineralisation

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Metal Rich Region

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LEGEND
Shaft – Nickel Mine
Airstrip
Nickel Deposit
VMS Deposit
A Shaft D Deposit
A Deposit
E Deposit
B&K Deposits
Township
Farley Shaft
P Deposit
A Plug Mining Area
O Deposit
Zn, Cu, Ag
N Deposit
Zn, Cu
Zn, Cu, Au
Zn, Au, Pb, Cu, Ag
Zn, Ag
Zn, Cu, Ag
EL Deposit
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Large Mineralised System

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North
EL Mine
Mine Area Plan View
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Mined 1.9Mt @
2.5% Ni, 1.15% Cu
2000 foot level
New
High-Grade
Discovery
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N, O Deposits
Wardrop - 2007/8 Pre-Feas Study
Victory Tenements
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Victory Nickel Inc – NI 43-101 Resource

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Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1	Summary - A Plug NI 43-101 Resource1
N, O & G Deposits, Lynn Lake, February 2010
Deposit	COG Ni% Eq2	Tonnes3	Tons		Grade			Contained Metal
					Ni%	Cu%	Ni% Eq2	Tonnes Ni	Tonnes Cu
Measured, Indicated & Inferred Resource Categories
N, O, G	0.4	28,098,866	30,973,698		0.55	0.29	0.70	155,770	82,832
N, O, G	0.6	16,984,288	18,721,973		0.66	0.33	0.83	111,427	56,897

Victory Nickel Inc (TSX:NI) – NI 43-101 Resource – Further information available on SEDAR

Notes -

1. This resource estimate is a foreign resource estimate and is not reported in accordance with the JORC Code. Insufficient work by the competent person has been undertaken on the foreign resource estimate to classify in accordance with the JORC Code and it is uncertain that, following evaluation and/or further exploration work, the foreign resource estimate will be able to be reported as a mineral resource in accordance with the JORC Code.

2. Nickel equivalent grades are provided as an indicator of value in a multi-metallic deposit. Lynn Lake has a long history as a nickel, copper and cobalt mining camp. It is the Company’s opinion that all elements included in the metal equivalent calculation have a reasonable potential to be recovered.

Ni Eq = (((Cu%222.04622)+(Ni%7.2222.04622))/7.22)/20 where Ni = 7.22$ US/lb Cu = 2.00 $US/lb.

1. The original NI 43-101 resource used Canadian imperial measurements. For the purposes of this announcement, 1 Ton (US Short) = 0.90718474 Tonnes (metric).

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Mine Long Section Schematic

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NI 43-101 resource stated by Victory Nickel Inc (TSX:NI) is a “foreign estimate of mineralisation” not reported in accordance with JORC.

Insufficient work by the competent person has been undertaken on the foreign resource estimate to classify in accordance with the JORC Code and it is uncertain that, following evaluation and/or further exploration work, the foreign resource estimate will be able to be reported as a mineral resource in accordance with the JORC.

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EL Deposit – Potential

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Drill Defined
Upper Zone Mineralisation Historical
(not included in Workings
 Drill defined mineralisation resource)
–
Not within resource
– Possible early mill-feed Conceptual
Pit shell
Mid Zone
Inferred Resource
 Interim Inferred Resource JORC 2004
(+0.6% Ni)
–
Announced 13 [th] October 2010 (CZN) Conceptual Mine
Development
–
JORC 2004, no additional work
–
1.8 Mt @ 0.8% Ni, 0.4% Cu, 0.02% Co
Lower Zone
 New High-Grade Discovery Development Concepts
X-Section Looking East
–
Announced 28 [th] June 2011
–
Open at depth
Lower Zone Target
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 Upper Zone

 Mid Zone

 Lower Zone

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The EL De osit - De th Potential p p

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	-700 mbs
Drill hole Cross-Section Discovery Hole XND001W1 23.75 m @ 3.34% Ni & 1.54% Cu Deepest Result CRZ012 44.75m @ 1.55%Ni & 0.65%Cu Including:- 3.85m @ 2.83%Ni & 0.24%Cu 11.03m @ 2.31%Ni & 1.01%Cu 11.51m @ 2.37%Ni & 0.78%Cu	-800 mbs
Looking West – 25m grid pattern

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Recent Ni-Cu-Co Discoveries

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 EL Plug

• EL Lower Zone – Corazon Mining Limited (ASX:CZN)

– 23.75m @ 3.34% Ni, 1.54% Cu & 0.079% Co from 731.25 m

• Announced 28[th] June 2011

 A Plug

• Disco (Maxwell) Deposit - Western Areas NL (ASX: WSA)

• 18m @ 1.5% Ni, 0.70% Cu & 0.040% Co from 96m

• Announced 23 April 2008

• Tango Deposit – Prophecy Resources Corp (TSXV: PCY)

• 17m @ 0.6% Ni & 0.30% Cu

• Announced 6[th] December 2010

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Regional Exploration Targets

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Geological Interp 1:500k
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Prospective for multiple types of mineralisation

Difficult terrain, targets predominantly under cover Magnetic features – target = additional mafic plugs possible VTEM conductors – target = massive sulphides (VMS or Ni/Cu)

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Aeromagnetic Image
A Plug
EL Plug
South
Gabbro
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VTEM Image Over Magnetic Shadow
A Plug
South EL Plug
Gabbro
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Summary of Lynn Lake Opportunity

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 Lynn Lake - a mining proposition

• Large project

• Excellent existing infrastructure

• Low-grade system – development nickel price dependent

  • 2007 pre-feasibility identified low cost operation with a cost of US$7.06/lb nickel and US$4.90/lb nickel net copper+cobalt credits (at metal prices US$9.01/lb Ni, US$2.13/lb Cu, US$18.59/lb Co)

  • Potential to high-grade early production

• Early studies indicate benefits in economics and scale for a combined Corazon and Victory Nickel mining project

• Lynn Lake – a brown-field exploration play

• New discoveries not included in resources – potential yet to be defined

 Numerous untested regional targets

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Current Activities

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 Resource Up-grade

• EL Resource to JORC 2012

 EL near surface mineralisation (upper zone) – migrate to resource

 Exploration

• Look to extend VTEM to cover South Plug

• Regional target generation and prospect ranking – in progress

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Contacts

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Brett Smith

Managing Director Corazon Mining Limited P: +61 (8) 6142 6366

James Moses

Media and Investor Relations P: +61 (0) 420 991 574

E: james@mandatecorporate.com.au

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Corazon Mining Limited

T : +61 (8) 6142 6366

A : Level 1, 350 Hay Street, Subiaco WA 6008 | P : PO Box 8187, Subiaco WA 6008 E : info@corazon.com.au | W : www.corazon.com.au

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Disclaimer & Important Information

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Competent Person

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 is an employee of Corazon Mining Limited and has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves (JORC Code 2012).

With regards to the “foreign estimates of mineralisation” defined by the NI 43-101 resource presented by Victory Nickel Inc (TSX:NI) for Lynn Lake, Mr Smith concludes that the information provided is an accurate representation of the data and studies available for the resource. Mr Smith consents to the inclusion in this document of the matters based on this information in the form and context in which it appears.

The information in this report that relates to the EL Deposit Mineral Resources is based on information compiled by Mr Andrew Thompson, B.Sc Hons (Geol), MAusIMM, who is a consultant to Corazon Mining Limited. Mr Thompson has sufficient experience that is relevant to the style of mineralisation , type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves (JORC Code 2012).

EL Deposit - Mineral Resource (JORC 2004)

The resource for the EL Deposit was announced on 13[th] October 2010 and first reported under JORC 2004. This resource has not been updated since to comply with the JORC Code 2012 edition on the basis that the information has not materially changed since it was last reported.

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