European Marketing Presentation
May, 2019
European Marketing Presentation May, 2019 Disclaimer This - - PowerPoint PPT Presentation
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
May, 2019
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
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
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
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
assumptions and qualifications contained in the Disclosure
unless otherwise stated. Sergio Rivera VP Exploration 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.
22km elevation 1,000 meters 25km 27km 60km 16km 40km
population 400,000 population 10,000 14km
Michilla Mantos Blancos Mantos de la Luna
ANT NTOF OFAGA GASTA MEJI JILL LLONE ONES
Antucoya
200 m
Hanging Wall alteration
Lithology Structures
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 10 LLANOS & MERCEDES Optioned May 2019 $2 million
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Marimaca 1-23 La Atómica Atahualpa Tarso Sierra Sorpresa Cedro Olimpo
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 Starts
Q4 ’18 Q4 ’18 Q1 ’19 Q1 ’19 Q2 ’19 Q2 ’19 Q2 ’19
Drilling (holes)
79 63 19 18 12 16 15
Drilling (meters)
18,270 25,500 5,300 4,200 3,000 4,400 4,150
Drilling Results
Q4 ’18 Q2 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Q3 ’19
Preliminary Reports
â â â Q2 ’19 Q2 ’19 Q2 ’19 Q3 ’19
Resource Estimate
Phase I
Q2 2018 P
Phase II
Q3’19 (PEA Q1 2020)
Phase III
2020 (Estimated)
2016-2018 27,500 meters
Phase I
Late 2018 to mid-2019 161 holes / 49,070 meters
Phase II
Planned mid-2019 61 holes / 22,500 meters
Phase III (scout drilling)
Approximate Phase I area
Increased from 121 holes / 29,610 meters
Approximate known Phase II extensions
1 , 4 m 1 , 4 m 12
SE WSW ENE 1,400 m 700 m NW
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SE WSW ENE 1,400 m 700 m NW
14
1,400 m
Original Marimaca 1-23 resource Extended Marimaca resource
NW SE
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Growth
Completed Phase I, NI43-101 resource: 76Mt at 0.51% CuT. Consolidated area land package and funded exploration program generating positive expanded Phase II resource growth.
Strength
Strong and supportive international shareholder base with well regarded private equity and institutional
royalty financing.
Asset
Near surface, open pittable copper
established infrastructure in northern Chile, a tier-one copper mining jurisdiction.
Capital Structure
Stock Exchange TSX “COP” Market Cap C$160 million (C$0.11 share price) Shares Out 1,455,388,294 Options Out 51,365,410 Cash US$14.5m (Dec 31, 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 Executive Director
Board
Luis Tondo CEO Leonardo Araya CFO Sergio Rivera VP Exploration Nick Bias VP Corporate Development
Management
0,00 0,02 0,04 0,06 0,08 0,10 0,12
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C $
Brochantite Chrysocholla Wad
200m
Mineral Zones CuT (%) Block Model Total Resource Summary (NCL 2018)
CuT Range 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
200m
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27
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