CORAZON MINING LIMITED — Investor Presentation 2020

Jan 21, 2020

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Lynn Lake Project Presentation

22 January 2020

LEVEL 3, 33 Ord St, West Perth, WA 6005 | PO BOX 8187, SUBIACO EAST WA 6008 | +61(8) 6142 6366 | INFO@CORAZON.COM.AU | 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 – At A Glance
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Projects

– Lynn Lake Nickel-Copper-Cobalt Sulphide

• Manitoba – Canada

• Advanced Exploration/Development Project

• Historical Mine + Prospective Exploration Ground

• Resource – 116,800t Ni, 54,300t Cu, 5,300t Co

– Mt Gilmore Copper-Cobalt-Gold/Silver Sulphide

• NSW

• Early Stage Exploration Play

• High-grade Copper and Cobalt (Rock Chips / Drilling)

• Large Surface Anomalies in a New Region (+20Km)

Board of Directors

Terry Streeter	Non Executive Chairman
Brett Smith	Managing Director
Jonathan Downes	Non Executive Director
Mark Yumin Qiu	Non Executive Director

Capital Structure –	ASX:CZN
Issued Shares		2.04b
Quoted Options(1) Market Cap (@ $0.004/share		188m $8.3m
Cash (Estimate)		$700k
Shareholders
Number of Shareholders Top 20 Shareholders		2,440 34.0%
Board and Management		1.49%
Hanking Australia Investments(2)		7.79%
Crescent Nominees (Tattersfield)		5.70%

• (1) Quoted Option exercisable at $0.007 by 10 July 2022. Unlisted Options include 40m at $0.035 by 31 March 2020, 5m at $0.007 10 July 2022 and 10m Performance Rights 20 December 2023.

• (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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The Nickel Market – Continued Growth Expected
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Nickel continues to record a
stronger growth rate than major
industrial metals peers
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The Nickel Market – Continued Growth Expected
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WHAT THE EXPERTS ARE SAYING

• Demand for nickel to continue to outpace supply with strong growth expected in the Stainless-Steel Sector

• Anticipated decrease in nickel production from Nickel Pig Iron (NPI) in China, due to Indonesian export bans, is expected (in time) to be balanced with new NPI production from Indonesia. In the short-term, Chinese Stainless producers may need to source Class I Nickel (sulphide nickel) as a Class II (Indo lateritic nickel feed) substitute

• Forecast nickel supply from NPI production will not keep pace with forecast demand from the Stainless-Steel Sector

• Upward pressure on nickel prices will likely lead to (additional) lower-quality higher-cost laterite ores being mined for NPI

• Expected additional growth in demand for nickel to come from the Rechargeable Battery Sector

• Class 1 Nickel from nickel sulphide deposits provides the quality of nickel required for battery production

• NPI is a high-impurity nickel product not suitable for batteries

• Any production of “battery quality nickel” from HPAL plants with Class II feed, is expected to be a high-cost product

• Current growth in production of Class 1 Nickel from sulphide deposits will not satisfy the forecast demand from the Rechargeable Battery Sector – major new sulphide projects required

• The disparity in demand/supply fundamentals between NPI-Class II and Sulphide-Class I Nickel may result in a two tiered market

Nickel Market Tightens – Demand Outpaces Supply

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Corazon – Building a Quality Nickel Sulphide Asset in Canada
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SINCE 2010 – EXPLORATION AND DISCOVERY

GOOD RESULTS FROM RECENT DRILLING

• Consolidated the historical Mining Centre

• Exploration success with two discoveries

• JORC Resources for six separate deposits

RECENT ACTIVITY – A FOCUS ON MINING

• Appointment of Mr Terry Streeter as Chairman

• Active brown-fields exploration & development work – drilling just completed

• Exceptional new metallurgical testwork results

• Mining studies targeting cost minimisation

• ASX announcement 21[st] January 2020

Prospect	Hole	From (m)	Interval (m)	Ni%	Cu%	Co%
A Orebody	LL2019-01	16.4	7.0	0.62	0.37	0.022
	LL2019-02 Incl	10.0	37.8	1.68	0.67	0.050
		24.4	22.6	2.30	0.82	0.068
		95.8	7.3	0.75	0.37	0.020
	LL2019-03	15.0	8.8	0.65	0.85	0.017
		34.0	5.0	0.65	0.59	0.016
		41.0	4.0	0.52	0.43	0.015
E Orebody	LL2019-04 Incl	20.0	9.0	0.93	0.25	0.024
		25.0	4.5	1.17	0.22	0.029
		46.0	7.0	0.93	0.42	0.026
	LL2019-05	26.9	4.1	2.09	0.57	0.073

• Targeting near-surface extensions to areas mined predominantly from underground

• Potential to add to existing resources

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Lynn Lake – The Advantages
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LOGISTICALLY EASY EXPLORATION

• Prolific historic mining centre

• Excellent infrastructure

• Large resource base

• Resource growth potential

• Exciting regional discovery opportunity

• 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

• Multiphase intrusive mafic-ultramafic igneous “plugs”

• Extreme crustal contamination of plugs indicates:

• Interaction of the magma with country rocks + assimilation of pre-existing VMS deposits

• Causative formation of a large amount of sulphide rich melt

• Structurally controlled sulphide deposits

• 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	10
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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Lynn Lake – Comparison with Australian Ni Sulphide Resource Areas
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• Lynn Lake ranks as a substantial project when

• matched against

• Australian nickel

• sulphide resource areas

• 116,800t Ni (80% Indicated Category) 54,300t Cu 5,300t Co IMPORTANT INFORMATION

• 1. Supporting data and references for these published resource estimates are available on Page 24 of this presentation.
• 1. Resources include Measured, Indicated and Inferred categories for nickel, copper and cobalt metals.

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Disseminated Sulphide Deposits to Attract Increasing Interest
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Published Resources Tonnes Nickel (kt)

• = Intrusive (Igneous) Mafic/Ultramafic Magmatic Sulphide Deposits – Similar to Lynn Lake

• = Predominantly low-grade disseminated style deposits

SUPPLY OF CLASS 1 NICKEL CRITICAL TO GROWTH IN RECHARGEABLE BATTERY SECTOR

• Supply growth from laterite projects currently focused on NPI and the stainless steel sector

• Limited supply growth expected from nickel massive sulphide mines and projects

• Disseminated sulphide deposits are a substantial and growing source of nickel

IMPORTANT INFORMATION

1. Supporting data and references for these published resource estimates are available on Page 24 of this presentation.

2. Resources include Measured, Indicated and Inferred categories for nickel, copper and cobalt metals.

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Recent Low Nickel Prices = Little Exploration & Development Incentive
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INDUSTRY ACCEPTED “INCENTIVE PRICE” FOR THE DEVELOPMENT OF NEW NICKEL PROJECTS IS GREATER THAN THE CURRENT NICKEL PRICE

• Current Nickel Spot Price not supporting project development

• Cost minimization is critical for mining of low-grade deposits

Nickel C1 Cash Costs

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Nickel Cash Costs + Sustaining Capex

Modified from RBC Capital Market – Equity Research – December 2019

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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

• Mining studies will define optimal mining methods for OpEx and CapEx cost minimisation

• Processing studies are defining:

• Optimal processing route and down-stream options

• 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

• First comprehensive flotation testwork in more than 40 years

• 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

• Recent testwork supports assumptions for target concentrate products of:

• +15% Nickel Con. with recoveries of +85%

• Scoping pre-flotation “sorting” of substantial lowgrade disseminated mineralisation to feed grade

• Scoping onsite downstream processing options

• +25% Copper Con. with recoveries of +90%

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Mining Studies Defining Optimal Mining Methods and Cost Reduction
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South Target - December North
2019 Drilling
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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Lynn Lake Mining Centre – High Probability for New Discoveries
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PROVEN EXPLORATION UPSIDE

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 18m @ 1.5% Ni, 0.70% Cu & 0.04 %Co Resource Study Areas Priority Target Tango – 2010 – Independent Nickel Inc Areas 17m @ 0.6% Ni & 0.30% Cu Sulphide Deposits

Peridotite EL Plug

Amphibolite EL Deeps EL Deeps – 2011 – Corazon Mining Limited

Quartz-Hornblende Diorite 23.75m @ 3.34% Ni, 1.54% Cu & 0.079 %Co Gabbro

• Plus 20 defined deposits within the Mining Centre

• Average deposit 80m-120m strike and 30m-50m wide

• 6 Deposits within current Resource – numerous deposits yet to be reviewed for remnant tonnages

• Extensive near surface mineralisation proximal to previously mined high-grade massive sulphide deposits

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Lynn Lake Mining Centre – Recent Drilling Results
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Lynn Lake – Exciting Discovery Potential in Region
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CONSOLIDATION OF PROSPECTIVE NICKEL GROUND

• Modern exploration techniques and a new understanding for the formation of these deposits has identified multiple Lynn Lake style targets

• Difficult terrain, targets are predominantly under cover

• Geophysics is the key to discovery – Lynn Lake deposits have specific geophysical characteristics

Muskeg Terrain

Lynn Lake – Interpreted Geology

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Lynn Lake – Exciting Discovery Potential in Region
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CONSOLIDATION OF PROSPECTIVE NICKEL GROUND

• Modern exploration techniques and a new understanding for the formation of these deposits has identified multiple Lynn Lake style targets

• Difficult terrain, targets are predominantly under cover

• Geophysics is the key to discovery – Lynn Lake deposits have specific geophysical characteristics

• Exploration generating multiple “ EL Deposit like ” targets EL Deposit

• 1947 Discovery Hole

• 183m @ 4.7 %Ni & 1.7 %Cu

• 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 21
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Lynn Lake - Summary
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RIGHT COMMODITIES – PERFECT TIMING

 Lynn Lake Nickel-Copper-Cobalt Sulphide Project

• One of the best nickel exploration plays in North America

• Underpinned by 116,800t nickel, 54,300t copper, 5,300t cobalt

• Market support and sentiment for nickel sulphide projects is growing

• Nickel market deficit since 2015 – forecast critically tight market from 2021

• Current studies seek improvements on a number of fronts for the benefit of any future mining operation

 Metallurgical and Processing (pre-flotation and down-stream)

• Mining studies and optimising mining methods to reduce costs

• Discovery

• Additional near-surface resource potential defined by December 2019 drilling within mine area

 Targeting methods refined in Mining Centre to be applied regionally

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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			24
	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 3, 33 Ord Street, WEST PERTH WA 6008 PO Box 8187, SUBIACO EAST WA 6008 +61(8) 6142 6366 info@corazon.com.au www.corazon.com.au

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