Lynn Lake – 100% ownership of prolific nickel mining centre
Stock Code:
ASX: CZN
Company Exposure:
Nickel, Copper, Cobalt, Lithium
Project Locations:
Canada, Australia
Corazon Mining Limited (ASX: CZN) is an Australia-based explorer advancing the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada, as well as the Mt Gilmore Cobalt-Copper-Gold (N.S.W.) and Miriam Nickel Sulphide Projects (W.A.) in Australia.
Corazon’s target commodities – nickel, lithium, copper and cobalt – are critical to the booming rechargeable battery sector. The Lynn Lake Project – a historically significant mining operation with current resources detailing 116, 800t nickel, 54,300t copper, and 5,300t cobalt (JORC Resource Estimate Nov. 2019), presents Corazon with a major development opportunity that is becoming increasingly prospective.
Investment Highlights
- Corazon is an ASX-listed mineral exploration company focused on the exploration and development of strategically critical battery metals (nickel, copper, and cobalt)
- 100% ownership of the historical nickel-copper-cobalt Lynn Lake mining centre in the province of Manitoba, Canada
– Large JORC compliant resources of 116,800t Ni, 54,300t Cu and 5,800t Co
– At a market capitalization of ~A$15M – Lynn Lake’s enterprise value is anomalously low
– New mining and processing studies underway for the Lynn Lake Mining Centre
– Aggressive exploration strategy at Lynn Lake looking to discover new nickel sulphide deposits - Quality Australian assets provide an additional exploration focus for Corazon’s target commodities
- On the back of the emerging rechargeable battery sector, Corazon is leveraged to both exploration success and an improved environment for the redevelopment of the Lynn Lake Mining Centre