Corporate Presentation December 2018
Disclaimer This presentation includes certain forward-looking statements securities of Coro about future events and/or financial results which are forward- Mining Corp. The potential target tonnage and grade noted for the looking in nature and subject to risks and uncertainties. Such Marimaca project are conceptual in nature as there has been forward-looking statements or information, including but not insufficient exploration to define mineral resources, and it is limited to those with respect to the development of the Marimaca uncertain if further exploration will result in these targets being project, metal prices, metallurgical results and resource estimates, delineated as mineral resources. involve known and unknown risks, uncertainties, and other factors Unless otherwise indicated, Coro has prepared the technical which may cause the actual results, performance or achievements information in this presentation (“Technical Information”) based on of the Company to be materially different from any future results, information contained in the technical reports and news releases performance or achievements expressed or implied by such (collectively the “Disclosure Documents”) available under Coro forward-looking statements or information. Forward-looking Mining Corp.’s company profile on SEDAR at www.sedar.com. Each statements include without limitation, statements regarding the Disclosure Document was prepared by or under the supervision of a company’s plans, goal or objectives and future completion of mine qualified person (a “Qualified Person”) as defined in National feasibility studies, mine development programs, capital and Instrument 43-101 – Standards of Disclosure for Mineral Projects of operating costs, production, potential mineralization, resources and the Canadian Securities Administrators (“NI 43-101”). For readers to reserves, exploration results and future plans and objectives of Coro fully understand the information in this presentation, they should Mining Corp. Forward-looking statements can generally be read the Technical Reports (available on www.sedar.com) in their identified by the use of forward-looking terminology such as “may”, entirety, including all qualifications, assumptions and exclusions that “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, or “ relate to the information set out in this presentation which qualifies continue” or the negative thereof or variations thereon or similar the Technical Information. Readers are advised that mineral terminology. There can be no assurance that such statements will resources that are not mineral reserves do not have demonstrated prove to be accurate and actual results and future events could economic viability. The Disclosure Documents are each intended to differ materially from those anticipated in such statements. be read as a whole, and sections should not be read or relied upon Important factors that could cause results to differ materially from out of context. The Technical Information is subject to the expectations include risks associated with mining generally and pre- assumptions and qualifications contained in the Disclosure development stage projects in particular. The company is an Documents. All Dollar amounts in this presentations are US Dollars exploration, development & mining company. Many references to unless otherwise stated. resources and other geological and technical information contained herein have not been verified by an independent expert and are Sergio Rivera, Vice President Exploratin of Coro Mining Corp, a either not in accordance with the requirements under National geologist with more than 35 years of experience is the Qualified Instrument 43-101 or have not been prepared in accordance with a Person for the purposes of NI 43-101 and has approved this written preliminary or final feasibility study. Potential investors should disclosure. conduct their own investigations as to the suitability of investing in 2
WE ARE COR WE ORO O Why Chile? Why Copper? Why Exploration? As the world’s largest copper Demand is strong due to population More value is created in the producer, with established industrial growth, urbanization and discovery, exploration and resources & commercial infrastructure, Chile is electrification. However a supply growth phases of a mining project a low-risk jurisdiction geared for deficit is likely due declining than any other. The Marimaca exploration and mining. production & new resources. project has this potential with a limited risk profile.
Corporate Overview CAP STRUCTURE Stock Exchange TSX “COP” Market Cap C$80 million (C$0.055 share price) Shares Out 1,455,388,294 Options Out 31,500,000 Cash US$15.5m (Dec 1, 2018) 25%* 100% Debt $0m Shareholders Greenstone 55.6% Rising Star Copper (UK) MCAL Tembo 15.7% Mackenzie 5.3% Rising Star Copper (Chile) BOARD MCC Colin Kinley Independent MARIMACA Chairman SCM Berta Petra Decher Independent Director Tim Petterson Independent Director Michael Haworth Director Alan Stephens Director Luis Tondo Director Registered Office: Vancouver Head Office: Santiago * Pending completion of asset transfers 4
Marimaca Overview The potential to be one of the best new open-pittable, copper oxide deposits in Chile. 14km from infrastructure, 22km from Mejillones Port and 60 km from Antofagasta. Maps and illustration are not to scale 5
Corporate & Project Objectives & Strategy OBJECTIVE STRATEGY 100% ownership across Shift from control to ownership OWNERSHIP project area with property stakeholders Establish resource for oxides and Phase II exploration program to RESOURCES understand potential of sulphides determine resource and optionality As project scale is defined, Realize geological, geographical, VALUE develop plans to optimize value capital and risk premiums STEWARDSHIP Implement high standards of environmental, social responsibility and governance 6
1. Focusing on Marimaca MARIMACA ► Marimaca Funds raised to Funds raised for identified as acquire remaining Marimaca Phase new core asset land claims and II exploration consolidate program Marimaca land package EXPLORATION EXPLORATION EXPLORATION PROGRAM INTERIM PROGRAM RIGHTS STRATEGIC PHASE II RESULTS PHASE III PLACEMENT OFFERING REVIEW APR 18 AUG 18 SEP 18 OCT 18 DEC 18 JAN 19 SCM Berta SCM Berta SCM Berta SCM Berta ring-fenced ownership care and maintenance long-term with new reduces to 25% Plan finance and corporate restructuring ◄ SCM BERTA 7
2. Refinancing the Business PRIVATE PLACEMENT RIGHTS OFFERING simultaneous ► ► US$10 million US$26 million financings at C$0.12 per share at C$0.05 per share (26% premium) sub-guaranteed Prospectus-exempt rights offering Placement US$10 million 98% basic and additional subscription take-up Sub-guaranteed by Tembo Repay convertible US$2 million Marimaca Proceeds Marimaca Proceeds • Acquire surrounding ground • Fully fund Phase II exploration • Commence Exploration • Repay Greenstone debt
3. Acquiring Greater Marimaca Project Area Optioned January 2018 $6.5 million Acquired August 2018 $6 million Optioned November 2017 $6 million Owned 51% 75% with plant 25% to be negotiated 9
THI HIS IS MARIMACA Geology Location Resource Discovered by Coro’s exploration In the Antofagasta Region, home to Copper oxide resource open at geologists, Marimaca has the the largest mines in Chile. Located depth and along strike, with further potential to be one of the most 14km from established deeper sulphides and regional significant new open-pittable copper infrastructure, 22km from a port & optionality to be explored. Potential oxide resources in Chile in recent 60 km from regional capital to be one of the most significant new times. At surface with straightforward Antofagasta with abundance of open-pittable copper discoveries in metallurgy and processing. available skills and labor. Chile.
Marimaca Location Mejillones MARIMACA Ivan Plant Mantos Blancos Antofagasta 25 km
Mining Properties Sierra Medina Mejillones MARIMACA Ivan Plant Mantos Blancos Antofagast a 25 Km 12
Geological Setting: Copper Manto Deposits Mantos de la Luna Michilla MARIMACA Mantos Blancos (Jurassic volcanics and intrusives: 180-170 my, late dyke swarms approximately 140 my) 13
Surface Geology Lithology Structures Hanging Wall alteration 200 m
3D Rock type distribution MDI PMD 500 m 3D Dykes and Sills 3D Rock types 15
Main Rock Types Monzodiorite Microdiorite Andesite porphyry Monzodiorite porphyry Dacitic porphyry 16
Copper Oxide Mineralogy Brochantite Chrysocholla 17
Copper oxide mineralogical zones Brochantite WAD Chrysocholla 200 m 18
NW – SE long section copper oxide mineral zones Chrysocholla NW SE Wad Brochantite 200 m 19
Drilling 2016-2017 RC: 11,620 metres 2016 Diamond: 2,008 metres RC: 11,928 metres 2017 Diamond: 2,050 metres RC: 113 holes 23,548 metres Total Diamond: 16 holes 4,058 metres Total: 129 holes 27,606 metres 20
NW – SE long section CuT (%) block model SE NW CuT 200 m 21
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