European Marketing Presentation May, 2019
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 VP Exploration of Coro Mining Corp, a geologist with either not in accordance with the requirements under National more than 35 years of experience is the Qualified Person for the Instrument 43-101 or have not been prepared in accordance with a purposes of NI 43-101 and has approved this written disclosure. preliminary or final feasibility study. Potential investors should conduct their own investigations as to the suitability of investing in
WE WE ARE COR ORO O Copper Chile Exploration
THI HIS IS MARIMACA Location Geology Resource
Location: Prime jurisdiction
Location: Close to infrastructure 27km 25km 22km population 10,000 elevation 1,000 meters 14km 16km 40km 60km population 400,000
Geology: An overlooked opportunity Mantos de la Luna Antucoya Michilla MARIMACA MEJI JILL LLONE ONES Mantos Blancos ANT NTOF OFAGA GASTA
Geology: Surface Lithology Structures Hanging Wall alteration 200 m
Geology: Geochem
Resource: Land strategy MARIMACA Owned 51% To 75% with plant +25% tbc LA ATÓMICA Optioned November 2017 $6 million ATAHAULPA & TARSO SIERRA & SORPRESA Acquired September 2018 $6 million CEDRO & OLIMPO Optioned January 2018 $6.5 million LLANOS & MERCEDES Optioned May 2019 $2 million 10
Resource: Exploration program Marimaca 1-23 La Atómica Atahualpa Tarso Sierra Sorpresa Cedro Olimpo NA NA Q3 ’18 Q4 ’18 Q4 ’18 Q1 ’19 Q1 ’19 Mapping & Sampling Q3 ’18 Q4 ’18 Q4 ’18 Q4 ’18 Q1 ’19 Q1 ’19 Q1 ’19 Access & Platforms Q4 ’18 Q4 ’18 Q1 ’19 Q1 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Drilling Starts 79 63 19 18 12 16 15 Drilling (holes) 18,270 25,500 5,300 4,200 3,000 4,400 4,150 Drilling (meters) Q4 ’18 Q2 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Q3 ’19 Drilling Results â â â Q2 ’19 Q2 ’19 Q2 ’19 Q3 ’19 Preliminary Reports Q2 2018 P Phase I Resource Estimate Q3’19 (PEA Q1 2020) Phase II 2020 (Estimated) Phase III 11
Resource: Expansion 1 1 , , 4 4 Phase III (scout drilling) 0 0 0 0 m m Planned mid-2019 61 holes / 22,500 meters Phase II Late 2018 to mid-2019 161 holes / 49,070 meters Increased from 121 holes / 29,610 meters Phase I 2016-2018 27,500 meters Approximate Phase I area Approximate known Phase II extensions 12
Resource: Expanding sections NW SE 1,400 m WSW ENE 700 m 13
Resource: Expanding sections NW SE 1,400 m WSW ENE 700 m 14
Resource: Expanded section (ii) … Extended Marimaca resource Original Marimaca 1-23 resource NW SE 1,400 m 15
Looking northeast to Marimaca
Rock walls at Atahualpa
RC Drilling at La Atómica
High-grade, parallel fracture controlled chrsyocholla dominated copper oxide mineralization
Marimaca brochantite
INV NVEST Asset Growth Strength Near surface, open pittable copper Completed Phase I, NI43-101 Strong and supportive international oxide project, located close to resource: 76Mt at 0.51% CuT. shareholder base with well regarded established infrastructure in northern Consolidated area land package and private equity and institutional Chile, a tier-one copper mining funded exploration program shareholders. No debt, warrants or jurisdiction. generating positive expanded royalty financing. Phase II resource growth.
Invest: Corporate overview C $ Capital Structure Stock Exchange TSX “COP” Market Cap C$160 million (C$0.11 0,12 share price) Shares Out 1,455,388,294 Options Out 51,365,410 0,10 Cash US$14.5m (Dec 31, 2018) Debt $0m Shareholders Greenstone 55.6% Tembo 15.7% 0,08 Mackenzie 5.3% Board Colin Kinley Independent 0,06 Chairman Petra Decher Independent Director Tim Petterson Independent Director Michael Haworth Director 0,04 Alan Stephens Director Luis Tondo Executive Director Management 0,02 Luis Tondo CEO Leonardo Araya CFO 0,00 Sergio Rivera VP Exploration ene. 19 feb. 19 mar. 19 abr. 19 Nick Bias VP Corporate Development 22
APPEND NDICES
Phase I: Marimaca 1-23 Mineral Zones CuT (%) Block Model CuT Range Chrysocholla Brochantite Wad 200m 200m Total Resource Summary (NCL 2018) COG Measure & Indicated Inferred Measured, Indicated & Inferred Tonnes (000s) %CuT M Tonnes %CuT %CuS M Tonnes %CuT %CuS M Tonnes %CuT %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 0.49 352.2 24
Phase II: La Atómica drilling & underground sampling 25
Phase II: La Atómica: Third batch drilling 26
Phase II: Atahualpa drilling 27
Phase II: Atahualpa northwest southeast section looking northeast 28
Phase II: Atahualpa third batch drilling 29
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