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CORAZON MINING LIMITED — Investor Presentation 2019
Dec 10, 2019
64747_rns_2019-12-10_4ab4924a-6561-4665-a49e-a10f2107aa8b.pdf
Investor Presentation
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ASX: CZN ANNOUNCEMENT
11 December 2019
Company Announcements Office
Australian Securities Exchange Limited Electronic Lodgement System
Dear Sir/Madam
Corazon Mining Limited – ASX announcement
Corazon Mining Limited lodges the following announcement:
- Company Presentation – The New World Metals Conference
Contact and person who authorised the announcement:
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Brett Smith Managing Director T: +61 (8) 6142 6366
Level 2, 38 Richardson St, West Perth, W.A. 6005 | PO Box 8187, Subiaco East, W.A. 6008 Ph: +61 (8) 6142 6366 | [email protected] | www.corazon.com.au | ASX: CZN
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Company Presentation
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11-12 December 2019
LEVEL 2, 38 Richardson St, West Perth, WA 6005 | PO BOX 8187, SUBIACO EAST WA 6008 | +61(8) 6142 6366 | [email protected] | WWW.CORAZON.COM.AU
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Forward Looking Statement
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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.
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 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.
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Corazon Mining Limited – Corporate Overview
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| ISSUED | QUOTED | SHARE MARKET |
CASH | |||
|---|---|---|---|---|---|---|
| ASX CODE | SHARES | OPTIONS(1) | PRICE CAP. |
(Sept 19) | ||
| CZN | 2.04b | 188m | $0.003 $6.12m |
$1.2m | ||
| Board of Directors | Shareholders | |||||
| Terry Streeter | Non Executive Chairman | Top 20 Shareholders | 34.8% | |||
| Brett Smith | Managing Director | Number of Shareholders | 2,392 | |||
| Jonathan Downes | Non Executive Director | Board and Management | 1.4% | |||
| Mark Yumin Qiu | Non Executive Director | Hanking Australia Investments(2) | 7.98% | |||
| Crescent Nominees (Tattersfield) | 5.84% |
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(1) Quoted Option exercisable at $0.007 by 10 July 2022. Unlisted Options include 40m at $0.035 by 31 March 2020.
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(2) Australian subsidiary of major Chinese mining house - Hanking Holdings Limited - +HK$1.9B Mkt Cap (Hong Kong SE).
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Two Quality Projects – Key Demand Driven Commodities
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1[st] World locations Metals critical for the emerging rechargeable battery sector
Lynn Lake – Priority Focus for CZN Nickel-Copper-Cobalt
Old Mining Centre Large JORC Resource Base Redevelopment Opportunity Exciting Ni Sulphide Exploration Play
Mt Gilmore Copper-Cobalt-Gold
Generating a Compelling Exploration Play A Newly Recognised Area Large Cu-Co Sulphide Targets Little Historical Work
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Corazon – Building a Quality Nickel Sulphide Asset in Canada
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SINCE 2010 – EXPLORATION AND DISCOVERY
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Consolidated the historical Mining Centre
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Exploration success with two discoveries
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JORC Resources for six separate deposits
RECENT ACTIVITY – A FOCUS ON MINING
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Appointment of Mr Terry Streeter as Chairman
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Active brown-fields exploration & development work
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Exceptional new metallurgical testwork results
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Video – Lynn Lake Mining Centre
- Mining studies targeting cost minimisation
Nickel Market Tightens – Demand Expected to Increase
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Lynn Lake – Comparison with Australian Ni Sulphide Resource Areas
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Lynn Lake ranks as a substantial project when
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matched against
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Australian nickel
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sulphide resource areas
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116,800t Ni (80% Indicated Category) 54,300t Cu 5,300t Co IMPORTANT INFORMATION
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- Supporting data and references for these published resource estimates are available on Page 25 of this presentation.
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- Resources include Measured, Indicated and Inferred categories for nickel, copper and cobalt metals.
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Lynn Lake – The Advantages
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LOGISTICALLY EASY EXPLORATION
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Prolific historic mining centre
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Excellent infrastructure
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Large resource base
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Resource growth potential
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Exciting regional discovery opportunity
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Manitoba – one of the best mining provinces in Canada
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Corazon Controls All Prospective Nickel Sulphide Host Intrusions
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Historical Mine
Area
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Lynn Lake – Interpreted Geology
GEOLOGICALLY UNIQUE WITH GREENSTONE BELT
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Multiphase intrusive mafic-ultramafic igneous “plugs”
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Extreme crustal contamination of plugs indicates:
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Interaction of the magma with country rocks + assimilation of pre-existing VMS deposits
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Causative formation of a large amount of sulphide rich melt
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Structurally controlled sulphide deposits
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Deep “mantle-tapping” source for magma
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Lynn Lake – Nickel Endowment
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0 500m
N
A Shaft
A Plug
Golf
Deposit
Disco
Deposit
Farley Shaft
‘P’ Deposit
Plan Legend
‘O’ Deposit
Sulphide Deposits
‘N’ Deposit Peridotite
Amphibolite
Quartz-Hornblende Diorite
Gabbro
Resource
Study Areas
EL Plug
‘EL’ Deposit
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PROLIFIC LARGE TONNAGE – LOW COST PRODUCER
Past Production 1953-1976
- 206,200 t Nickel and 107,600 t Copper
A Plug - 18Mt @0.88% Ni + 0.47%Cu EL Plug - 1.9Mt @ 2.4% Ni + 1.15% Cu
Resource Estimate – 27[th] November 2019
| Category | Base Cut Ni % |
Tonnes | Ni % | Cu % | Co % | Tonnes | Tonnes | Tonnes | |
|---|---|---|---|---|---|---|---|---|---|
| Ni | Cu | Co | |||||||
| Indicated | 0.5 | 12,899,000 | 0.70 | 0.33 | 0.034 | 89,800 | 42,900 | 4,400 | |
| Inferred | 0.5 | 3,422,000 | 0.79 | 0.33 | 0.027 | 27,000 | 11,400 | 900 | |
| Total | 0.5 | 16,321,000 | 0.72 | 0.33 | 0.033 | 116,800 | 54,300 | 5,300 |
| Category | Base Cut Ni% |
Tonnes | Ni % | Cu % | Co % | Tonnes | |||
|---|---|---|---|---|---|---|---|---|---|
| Ni | Cu | Co | |||||||
| Indicated | 0.7 | 4,279,000 | 0.93 | 0.40 | 0.044 | 39,700 | 17,200 | 1,900 | |
| Inferred | 0.7 | 1,110,000 | 1.25 | 0.45 | 0.039 | 13,900 | 5,000 | 400 | |
| Total | 0.7 | 5,389,000 | 0.99 | 0.41 | 0.043 | 53,600 | 22,200 | 2,300 |
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Disseminated Sulphide Deposits to Attract Increasing Interest
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Published Resources Tonnes Nickel (kt)
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= Intrusive (Igneous) Mafic/Ultramafic Magmatic Sulphide Deposits – Similar to Lynn Lake
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= Predominantly low-grade disseminated style deposits
SUPPLY OF CLASS 1 NICKEL CRITICAL TO GROWTH IN RECHARGEABLE BATTERY SECTOR
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Supply growth from laterite projects currently focused on NPI and the stainless steel sector
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Limited supply growth expected from nickel massive sulphide mines and projects
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Disseminated sulphide deposits are a substantial and growing source of nickel
IMPORTANT INFORMATION
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Supporting data and references for these published resource estimates are available on Page 25 of this presentation.
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Resources include Measured, Indicated and Inferred categories for nickel, copper and cobalt metals.
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Mining Studies Defining Optimal Mining Methods and Cost Reduction
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South North
4 kms
Disco Resource
77kt @ 0.71%Ni,
B A C
‘EL’ Resource 0.41%Cu
E
2.4Mt @ 0.94%Ni, 0.32%Cu
‘O’ Resource
6.0Mt @ 0.68%Ni, 0.32%Cu F
D
J
D Lower
‘EL’ Deeps K
Discovery G
‘P’ Resource
218kt @ 0.71%Ni, 0.47%Cu Golf Resource
1.0Mt @ 0.64%Ni, 0.29%Cu
‘N’ Resource
6.6Mt @ 0.67%Ni, 0.35%Cu
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Current Studies Seeking Mining and Processing Efficiencies
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Preliminary
Mining Study
2016 & 2019
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THREE CRITICAL AREAS OF ACTIVITY AT LYNN LAKE
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Mining studies will define optimal mining methods for OpEx and CapEx cost minimisation
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Processing studies are defining:
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Optimal processing route and down-stream options
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Preferred product definition and market (metal Vs sulphate)
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- Exploration - resource growth and discovery
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Processing Flowchart 2019
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‘Game-Changing’ Metallurgical Results – Improvements Expected
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DELIVERS “PRODUCT” OPTIONALITY
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First comprehensive flotation testwork in more than 40 years
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First time separate clean high-value nickel and copper concentrates have been produced
(ASX announcements date 11[th] & 12[th] Feb 2019)
26% Nickel Con. with recoveries of 71%
27% Copper Con. with recoveries of 77%
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PROPOSED VALUE-ADDING TESTWORK
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Recent testwork supports assumptions for target concentrate products of:
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+15% Nickel Con. with recoveries of +85%
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Scoping pre-flotation “sorting” of substantial lowgrade disseminated mineralisation to feed grade
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Scoping onsite downstream processing options
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+25% Copper Con. with recoveries of +90%
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Lynn Lake Mining Centre – High Probability for New Discoveries
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Lynn Lake Intrusions PROVEN EXPLORATION UPSIDE Geological Interpretation 0 500m Plus 20 defined deposits within the Mining Centre N
A Plug Average deposit 80m-120m strike and 30m-50m wide Tango to be reviewed for remnant tonnages Disco mined high-grade massive sulphide deposits Modern discoveries within Mining Centre Disco – 2008 – Western Areas NL Plan Legend Resource 18m @ 1.5% Ni, 0.70% Cu & 0.04 %Co Study Areas AreasPriority Target Tango – 2010 – Independent Nickel Inc Sulphide Deposits 17m @ 0.6% Ni & 0.30% Cu
Peridotite EL Plug
Amphibolite EL Deeps EL Deeps – 2011 – Corazon Mining Limited Quartz-Hornblende Diorite Gabbro 23.75m @ 3.34% Ni, 1.54% Cu & 0.079 %Co
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Plus 20 defined deposits within the Mining Centre
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Average deposit 80m-120m strike and 30m-50m wide
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6 Deposits within current Resource – numerous deposits yet to be reviewed for remnant tonnages
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Extensive near surface mineralisation proximal to previously mined high-grade massive sulphide deposits
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Lynn Lake – Exciting Discovery Potential in Region
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CONSOLIDATION OF PROSPECTIVE NICKEL GROUND
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Modern exploration techniques and a new understanding for the formation of these deposits has identified multiple Lynn Lake style targets
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Difficult terrain, targets are predominantly under cover
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Geophysics is the key to discovery – Lynn Lake deposits have specific geophysical characteristics
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Exploration generating multiple “ EL Deposit like ” targets EL Deposit
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1947 Discovery Hole
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183m @ 4.7 %Ni & 1.7 %Cu
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The Fraser Lake Complex is a stand-out target
Lynn Lake – Interpreted Geology
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Fraser Lake Complex – Extensive Nickel Sulphide Mineralisation
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MATRIX IP ANOMALY – 1 [ST] TARGET TESTED
OUTSIDE THE MINING CENTRE
~1.8km IP Chargeability anomaly coincident
with multiple stacked horizontal sulphide-rich
Hole #14 magmatic pulses/flows
56.1m @ 0.43% Ni & 0.21% Cu
from 258m, including
22.6m @ 0.70% Ni & 0.35% Cu
Hole #16
27m @ 0.37% Ni & 0.16% Cu
from 30m
Matrix Trend Plan
IP Chargeability Image & Drilling
Legend
CZN Drilling
Historical Drilling
Outline of Matrix Trend
Mapped Sulphidic Sediments 16
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Lynn Lake - Summary
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RIGHT COMMODITIES – PERFECT TIMING
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Lynn Lake Nickel-Copper-Cobalt Sulphide Project
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One of the best nickel exploration plays in North America
- Underpinned by 116,800t nickel, 54,300t copper, 5,300t cobalt
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Market support and sentiment for nickel sulphide projects is growing
- Nickel market deficit since 2015 – forecast critically tight market from 2021
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Current studies seek improvements on a number of fronts for the benefit of any future mining operation
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Metallurgical and Processing (pre-flotation and down-stream)
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Mining studies and optimising mining methods to reduce costs
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Discovery - drilling targeting additional near mine mineralisation imminent
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Mt Gilmore Project - Targeting “Battery Metals” in Australia
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Mt Gilmore Copper-Cobalt-Gold
Cobalt Ridge Prospect – Cobalt dominant sulphide deposit
New, giant copper-cobalt geochemical anomalies - exciting regional exploration focus
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Geology + Copper
Mt Gilmore – Regional High-Grade Cu in Soils Image
Mt Gilmore
Grafton
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21.6 %Cu
Geology + Copper
361 ppmAg
in Soils Image
0.17 g/t Au
0.64 %Cu
176 ppmCo 0.78 %Cu
294 ppmMo 148 ppmCo
0.12 g/tAu
10.75 %Cu
180 ppmCo 0.41 %Cu
0.11 g/tAu 409 ppmCo
74.7 ppmAg 0.82 g/tAu
0.52 %Zn 0.35 %Zn
5.04 %Cu 7.35 %Cu
1,795 ppmCo 1.29 g/tAu
1.03 g/tAu 88 ppmAg
46 ppmMo
16.3 %Cu
2.55 %Cu 393 ppmCo
238 ppmAg
209 ppmCo
171 ppmMo
13.55 %Cu
12.75 %Cu 898 ppmCo
15.15 g/tAu
1,250 ppmCo
66 ppmAg
0.19 g/tAu
474 ppmMo
93 ppmAg
0.34 %Zn
885 ppmMo
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Mt Gilmore – Regional High-Grade Cu
UNIQUE - EARLY STAGE - DISTRICT-SCALE EXPLORATION PLAY
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Large geochemical anomalies indicative of hydrothermal “Intrusive Related” or “Replacement” style of deposits
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High-grade copper within structures crosscutting geochemical anomalies
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High cobalt content of mineralisation indicative of a unique geological setting
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Cobalt Ridge
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Cobalt dominant sulphide mineralisation
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Drilled over 300m strike – remains open and untested
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Processing testwork achieved high-value concentrates (flotation) and sulphates (POX)
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Mt Gilmore Project - Cobalt Ridge Prospect
MAIN LODE DEFINES POTENTIAL
32m @ 0.15% Co,
27m @ 0.47% 0.25% Cu
Co, 0.15% Cu
A
Cobalt Ridge Main
Lode Drilling
B
5m @ 2.14% Co,
0.33% Cu
Cobalt in Soils Image 21
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Mt Gilmore Project - Cobalt Ridge Prospect
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QUARTZ-TOURMALINE BRECCIAS SPATIALLY ASSOCIATED WITH COBALT-COPPER MINERALISATION
UNTESTED POTENTIAL
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8 %Co
2m @ 0.64 %Co, 1.66
(Historical Workings)
%Cu, 0.13 g/tAu
in Reconnaissance Drilling
Cobalt Ridge
Drilled Area
Quartz-Tourmaline Breccias
5m @ 2.14 %Co, 0.33 %Cu, 15.2 g/tAu, 0.42
0.42 g/tAu %Cu and 0.02 %Co
CZN Drill Result - Within Main Lode
in Rock-Chip
Intercept of 27m @ 0.47 %Co
3.34 %Co
Recovered from “Copper Ore”
(Historical Mine Production Reports)
Cobalt in Soils Image 22
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Tourmaline is a common mineral within hydrothermal deposits – typically distal to the “core” of the system
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Cobalt Ridge breccias indicate a longlived, structurally hosted, intense hydrothermal environment
Mt Gilmore Cobalt Sulphate
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Corazon – Way Forward
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RIGHT COMMODITIES – PERFECT TIMING
Lynn Lake Nickel-Copper-Cobalt Sulphide Project
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One of the best nickel exploration plays in North America
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Underpinned by 116,800t nickel, 54,300t copper, 5,300t cobalt
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Market support and sentiment for nickel sulphide projects is growing
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Nickel market deficit since 2015 – forecast critically tight market from 2021
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Mining and Processing studies seeking to optimise the potential for a mining operation
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Discovery - drilling targeting additional near mine mineralisation imminent
Mt Gilmore Copper-Cobalt-Silver-Gold Sulphide Project
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Early stage, district scale copper play with strong cobalt signature
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Several compelling targets for copper-cobalt sulphide deposits
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Cobalt Ridge – unique cobalt dominant sulphide deposit – room to grow with drilling
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Competent Person Statement
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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.
The information in this report that relates to the Processing and Metallurgy for the Lynn Lake and Mt Gilmore projects is based on and fairly represents information and supporting documentation compiled by Damian Connelly who is a Member of The Australasian Institute of Mining and Metallurgy and a full time employee of METS Engineering (METS). Damian Connelly has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity 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’. Damian Connelly consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The information in this report that relates to Mineral Resources for the EL, Disco, Gulf, ‘N’, ‘O ’and ‘P’ 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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Supporting Data for Comparison with Australian Ni Sulphide Deposits
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| '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
'000 T Ni% Cu% Co% '000 T Ni% Cu% Co% '000 T Ni% Cu% Co% Resource Measured Indicated Inferred |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Project | Company | Date of Data | Resource | ||||||||||||||||
| Measured | Indicated | Inferred | |||||||||||||||||
| Name | Code | Project Status | References | Sources | '000 T |
Ni% | Cu% | Co% | '000 T |
Ni% | Cu% | Co% | '000 T |
Ni% | Cu% | Co% | |||
| onnes | onnes | onnes | |||||||||||||||||
| Yakabindi | BHP Billiton | BHP | Mine Development | BHP Annual Rpt | 17-Sep-19 | 157,000 | 0.60 | 112,000 | 0.62 | 170,000 | 0.62 | ||||||||
| Leinster | BHP Billiton | BHP | Mine | BHP Annual Rpt | 17-Sep-19 | 21,900 | 1.89 | 90,200 | 0.73 | 104,800 | 0.68 | ||||||||
| Nebo-Babel | Oz Minerals/Cassini Resources | OZL/CZI | Pre-Feas Study | CZI PFS Update | Sep-19 | 141,000 | 0.40 | 0.42 | 0.016 | 98,000 | 0.33 | 0.37 | 0.012 | ||||||
| Honeymoon Well* | Norilsk Nickel | Norilsk | Exploration | Norilsk Website | 29-Nov-19 | 173,230 | 0.67 | 15,790 | 0.75 | ||||||||||
| Mt Keith | BHP Billiton | BHP | Mine | BHP Annual Rpt | 17-Sep-19 | 142,400 | 0.54 | 67,000 | 0.52 | 24,000 | 0.52 | ||||||||
| Nova Bollinger | Independence Group | IGO | Mine | IGO Annual Rpt | 12-Sep-19 | 11,900 | 2.10 | 0.90 | 0.07 | 1,100 | 0.90 | 0.39 | 0.04 | 100 | 0.60 | 0.20 | 0.02 | ||
| Savannah | Panoramic Resources | PAN | Mine | PAN Presentation | 20-Nov-19 | 1,178 | 1.40 | 0.86 | 0.07 | 8,570 | 1.76 | 0.81 | 0.12 | 12,976 | 1.67 | 0.83 | 0.11 | ||
| Cosmos/Odysseus | Western Areas | WSA | Mine Development | WSA Annual Rpt | 18-Oct-19 | 9,400 | 2.48 | 926 | 3.59 | ||||||||||
| Mt Goode | Western Areas | WSA | Exploration | WSA Annual Rpt | 18-Oct-19 | 13,563 | 0.80 | 27,363 | 0.60 | 12,009 | 0.50 | ||||||||
| Venus | BHP Billiton | BHP | Mine | BHP Annual Rpt | 17-Sep-19 | 5,040 | 2.62 | 2,990 | 3.18 | ||||||||||
| Cliffs | BHP Billiton | BHP | Mine | BHP Annual Rpt | 17-Sep-19 | 720 | 3.70 | 8,000 | 1.37 | 2,490 | 1.55 | ||||||||
| Black Swan | Poseidon Nickel | POS | Mine C&M | POS Website | 2-Dec-19 | 9,600 | 0.68 | 21,100 | 0.54 | ||||||||||
| Jericho | BHP Billiton | BHP | Exploration | BHP Annual Rpt | 17-Sep-19 | 31,000 | 0.59 | ||||||||||||
| Widgiemooltha Area | Mincor Resources | MCR | Mine C&M-Feas | MCR Announcement | 6-Nov-19 | 195 | 3.78 | 1,748 | 3.54 | 272 | 4.07 | ||||||||
| Spotted Quoll Area | Western Areas | WSA | Mine | WSA Annual Rpt | 18-Oct-19 | 1,822 | 4.27 | 147 | 5.00 | ||||||||||
| Flying Fox | Western Areas | WSA | Mine | WSA Annual Rpt | 18-Oct-19 | 6,023 | 1.87 | 652 | 5.00 | ||||||||||
| Lanfranchi* | Black Mountain Metals | BMM | Mine C&M | BMM Website | 29-Nov-19 | 5,650 | 1.69 | ||||||||||||
| Fisher east | Rox Resources | RXL | Exploration | RXL Resource Update | 5-Feb-16 | 3,700 | 1.90 | 500 | 1.50 | ||||||||||
| Mt Windarra | Poseidon Nickel | POS | Exploration | POS Website | 2-Dec-19 | 922 | 1.52 | 3,436 | 1.67 | ||||||||||
| Maggie Hays | Poseidon Nickel | POS | Mine C&M | POS Website | 2-Dec-19 | 2,600 | 1.60 | 900 | 1.17 | ||||||||||
| Radio Hill | Artemis Resources | ARV | Exploration (old Mine) | ARV Website | 29-Nov-19 | 1,200 | 0.50 | 0.70 | 0.028 | ||||||||||
| Long | Mincor Resources | MCR | Mine C&M | MCR Announcement | 6-Nov-19 | 410 | 4.00 | 340 | 4.40 | ||||||||||
| Saints | Auroch Minerals | AOU | Exploration | AOU Presentation | 21-Oct-19 | 1,050 | 2.00 | 0.20 | 0.060 | ||||||||||
| Sinclair | Talisman Mining | TLS | Mine C&M | TLS Website | 29-Nov-19 | 370 | 2.00 | 1,080 | 1.60 | 25 | |||||||||
| Beta Hunt | RNC | RNC | Mining gold | RNC Website | 29-Nov-19 | 96 | 4.60 | 283 | 4.00 | 216 | 3.40 | ||||||||
| Lynn Lake | Corazon Mining | CZN | Exploration (old Mine) | CZN Resource Update | 27-Nov-19 | 12,899 | 0.70 | 0.33 | 0.034 | 3,422 | 0.79 | 0.33 | 0.027 | ||||||
Table : Supporting information and data sources for referenced nickel sulphide deposits. * = Not reported in accordance with JORC requirements.
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CONTACT
Level 2, 38 Richardson Street, WEST PERTH WA 6008 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6142 6366 [email protected] www.corazon.com.au
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