Corporate Presentation December 2018 Disclaimer This presentation - - PowerPoint PPT Presentation

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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


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Corporate Presentation

December 2018

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Disclaimer

This presentation includes certain forward-looking statements about future events and/or financial results which are forward- looking in nature and subject to risks and uncertainties. Such forward-looking statements or information, including but not limited to those with respect to the development of the Marimaca project, metal prices, metallurgical results and resource estimates, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements

  • f the Company to be materially different from any future results,

performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements include without limitation, statements regarding the company’s plans, goal or objectives and future completion of mine feasibility studies, mine development programs, capital and

  • perating costs, production, potential mineralization, resources and

reserves, exploration results and future plans and objectives of Coro Mining Corp. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, or “ continue” or the negative thereof or variations thereon or similar

  • terminology. There can be no assurance that such statements will

prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause results to differ materially from expectations include risks associated with mining generally and pre- development stage projects in particular. The company is an exploration, development & mining company. Many references to resources and other geological and technical information contained herein have not been verified by an independent expert and are either not in accordance with the requirements under National Instrument 43-101 or have not been prepared in accordance with a preliminary or final feasibility study. Potential investors should conduct their own investigations as to the suitability of investing in securities of Coro Mining Corp. The potential target tonnage and grade noted for the Marimaca project are conceptual in nature as there has been insufficient exploration to define mineral resources, and it is uncertain if further exploration will result in these targets being delineated as mineral resources. Unless otherwise indicated, Coro has prepared the technical information in this presentation (“Technical Information”) based on information contained in the technical reports and news releases (collectively the “Disclosure Documents”) available under Coro Mining Corp.’s company profile on SEDAR at www.sedar.com. Each Disclosure Document was prepared by or under the supervision of a qualified person (a “Qualified Person”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“NI 43-101”). For readers to fully understand the information in this presentation, they should read the Technical Reports (available on www.sedar.com) in their entirety, including all qualifications, assumptions and exclusions that relate to the information set out in this presentation which qualifies the Technical Information. Readers are advised that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Disclosure Documents are each intended to be read as a whole, and sections should not be read or relied upon

  • ut of context. The Technical Information is subject to the

assumptions and qualifications contained in the Disclosure

  • Documents. All Dollar amounts in this presentations are US Dollars

unless otherwise stated. Sergio Rivera, Vice President Exploratin of Coro Mining Corp, a geologist with more than 35 years of experience is the Qualified Person for the purposes of NI 43-101 and has approved this written disclosure.

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WE WE ARE COR ORO O

Why Exploration?

More value is created in the discovery, exploration and resources growth phases of a mining project than any other. The Marimaca project has this potential with a limited risk profile.

Why Chile?

As the world’s largest copper producer, with established industrial & commercial infrastructure, Chile is a low-risk jurisdiction geared for exploration and mining.

Why Copper?

Demand is strong due to population growth, urbanization and

  • electrification. However a supply

deficit is likely due declining production & new resources.

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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) Debt $0m Shareholders Greenstone 55.6% Tembo 15.7% Mackenzie 5.3% Colin Kinley Independent Chairman Petra Decher Independent Director Tim Petterson Independent Director Michael Haworth Director Alan Stephens Director Luis Tondo Director

BOARD

Registered Office: Vancouver Head Office: Santiago

MARIMACA SCM Berta Rising Star Copper (UK) MCAL

100%

Rising Star Copper (Chile) MCC

25%* * Pending completion of asset transfers

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Marimaca Overview

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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

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Corporate & Project Objectives & Strategy

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OBJECTIVE STRATEGY

OWNERSHIP RESOURCES VALUE STEWARDSHIP

100% ownership across project area Establish resource for oxides and understand potential of sulphides As project scale is defined, develop plans to optimize value Shift from control to ownership with property stakeholders Phase II exploration program to determine resource and optionality Realize geological, geographical, capital and risk premiums Implement high standards of environmental, social responsibility and governance

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  • 1. Focusing on Marimaca

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MARIMACA ►

◄ SCM BERTA

Marimaca identified as new core asset STRATEGIC REVIEW PLACEMENT

AUG 18

RIGHTS OFFERING

SEP 18 OCT 18 DEC 18 APR 18

EXPLORATION PROGRAM PHASE III SCM Berta long-term Plan Funds raised to acquire remaining land claims and consolidate Marimaca land package Funds raised for Marimaca Phase II exploration program SCM Berta ring-fenced with new finance and corporate restructuring SCM Berta care and maintenance SCM Berta

  • wnership

reduces to 25% EXPLORATION INTERIM RESULTS EXPLORATION PROGRAM PHASE II

JAN 19

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  • 2. Refinancing the Business

PRIVATE PLACEMENT

US$10 million at C$0.12 per share (26% premium)

Placement US$10 million Repay convertible US$2 million

RIGHTS OFFERING

US$26 million at C$0.05 per share sub-guaranteed

Prospectus-exempt rights offering 98% basic and additional subscription take-up Sub-guaranteed by Tembo

simultaneous financings

► ►

Marimaca Proceeds

  • Acquire surrounding ground
  • Commence Exploration

Marimaca Proceeds

  • Fully fund Phase II exploration
  • Repay Greenstone debt
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  • 3. Acquiring Greater Marimaca Project Area

Owned 51% 75% with plant 25% to be negotiated Optioned November 2017 $6 million Acquired August 2018 $6 million Optioned January 2018 $6.5 million

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Location

In the Antofagasta Region, home to the largest mines in Chile. Located 14km from established infrastructure, 22km from a port & 60 km from regional capital Antofagasta with abundance of available skills and labor.

Resource

Copper oxide resource open at depth and along strike, with further deeper sulphides and regional

  • ptionality to be explored. Potential

to be one of the most significant new

  • pen-pittable copper discoveries in

Chile.

Geology

Discovered by Coro’s exploration geologists, Marimaca has the potential to be one of the most significant new open-pittable copper

  • xide resources in Chile in recent
  • times. At surface with straightforward

metallurgy and processing.

THI HIS IS MARIMACA

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Mejillones Antofagasta

MARIMACA

Ivan Plant Mantos Blancos

25 km

Marimaca Location

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Mejillones Antofagast a

MARIMACA

Ivan Plant

Mantos Blancos 25 Km

Sierra Medina

Mining Properties

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MARIMACA Michilla Mantos Blancos Mantos de la Luna

(Jurassic volcanics and intrusives: 180-170 my, late dyke swarms approximately 140 my)

Geological Setting: Copper Manto Deposits

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200 m

Hanging Wall alteration

Surface Geology

Lithology Structures

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MDI PMD 3D Rock types 3D Dykes and Sills

500 m

3D Rock type distribution

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Monzodiorite Monzodiorite porphyry Microdiorite Dacitic porphyry Andesite porphyry

Main Rock Types

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Brochantite Chrysocholla

Copper Oxide Mineralogy

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200 m

Brochantite Chrysocholla WAD

Copper oxide mineralogical zones

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NW SE

200 m Brochantite Chrysocholla Wad

NW – SE long section copper oxide mineral zones

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RC: 113 holes 23,548 metres Diamond: 16 holes 4,058 metres Total: 129 holes 27,606 metres 2016 2017 RC: 11,620 metres Diamond: 2,008 metres RC: 11,928 metres Diamond: 2,050 metres Total

Drilling 2016-2017

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NW SE

200 m

NW – SE long section CuT (%) block model

CuT

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Brochantite Chrysocholla Wad

200 M Mineral Zones CuT (%) Block Model Total Resource Summary (NCL 2018)

Marimaca 1-23 Mineral Resources

22 M Tonnes % CuT % CuS M Tonnes % CuT % CuS M Tonnes % CuS % CuS 0.1 58.6 0.55 0.37 17.3 0.36 0.21 75.9 0.51 0.33 384.6 0.2 46.8 0.65 0.44 11.0 0.48 0.28 57.8 0.62 0.41 357.0 0.3 37.4 0.75 0.52 7.7 0.58 0.34 45.1 0.72 0.49 325.2 COG % TCu Measured + Indicated Inferred Measured + Indicated + Inferred K Tonnes Cu CuT Range

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District Exploration Program, continued…

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Drilling Program: Long Section View

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1,180 masl 2 km 950 masl

ATAHUALPA LA ATOMICA MARIMACA

CuT Range

3 1 0.8 0.6 0.4 0.2 0.1

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Proving Marimaca

Marimaca 1-23 La Atómica Atahualpa Atahualpa East Sorpresa I Sorpresa II Olimpo South Olimpo North Mapping & Sampling

  • NA

NA Q3 ’18 Q4 ’18 Q4 ’18 Q1 ’19 Q1 ’19

Access & Platforms

  • Q3 ’18

Q4 ’18 Q4 ’18 Q4 ’18 Q1 ’19 Q1 ’19 Q1 ’19

Drilling

  • Q4 ’18

Q4 ’18 Q1 ’19 Q1 ’19 Q1 ’19 Q1 ’19 Q2 ’19

Drilling (holes)

  • 52

51 19 18 12 16 15

Drilling (metres)

  • 12,000

12,310 5,300 4,200 3,000 4,400 4,150

Drilling Results

  • Q4 ’18

Q1 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Q3 ’19

Preliminary Reports

  • Q2 ’19

Q2 ’19 Q2 ’19 Q3 ’19

Modelling

  • Q4 ’18

Q2 ’19

  • Resource Estimate

Q2 ’18 Q1 ’19 Q2 ’19 Q3 ’19

  • Combined Resource

Estimate

H2 ’19

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Coro Corporate

Realigned corporate & capital structures to focus on delivering value from Marimaca. Recapitalized, with a new shareholder, Board & management team, Coro is set for growth.

Time to Invest

Positive copper fundamentals, well- funded and clearly defined exploration program to increase Marimaca’s resource base. Potential to drive short-term value with longer-term optionality.

Marimaca Project

Potential to be one of the best new

  • pen-pittable copper oxide deposits

discovered in Chile in recent times. The project benefits from an unrivalled location with infrastructure access in a world-class jurisdiction.

INV NVEST

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www.coromining.co m

www.coromining.com unearth@coromining.com @unearthcoro

END