Ann: AGM presentation, page-16

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05/12/23

12:26

Post #: 71278016
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Originally posted by prawn_man: ↑

Amigos, every day that passes is one day closer to updates for Miriam and Fraser Lake/Lynn Lake. There is plenty of news to come, so here are the expected updates, which I am looking forward to..
1) Recent announcements by Corazon stated that the Environemntal Dept in WA has alreaady signed off and the company has submitted the plan to the Mining Dept. Then the Progrom of Works (POW) needs to be approved before the drilling can get underway. The company expects the approval can completed soon and says the drilling at Miriam could start later in November. Also it says it is planning drill into the lithium prospect first then the nickel sulphide project at Miriam.
2) At Fraser Lake in Canada, the start of drilling is waiting on the winter freeze in Canada, possibly next month There are three prospects that the recent advanced geophysical survey identified. One of those prospects appears to be a conductive pipe of nickel sulphide that could be the heart of a system that, in a previous drilling program by Corazon, gave 25 metres at 0.7% nickel at the periphery to the system. The company believes that the conductive pipe is similar to the large pipe-like deposits of nickel sulphide that were mined for 25 years at the mining centre at nearby Lynn Lake.
3) The miing studies and the resource update for Lynn Lake are due any day. The company has hinted at releasing a new resource of over 150,000 tons of nickel (plus copper and cobalt) in sulphides.
4) Capital raising will probably have to happen in a few months, and IMO it will be a large investor that puts in the cash. Why wouldn't it? Corazon and its shareholders have done all the hard yards to build the resoruce and assets, now all the big end of town has to do is put in about $1 million to get a piece of the action. That's how the system works.
Good luck all.

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Very interesting Blackstone announcement this morning. It could save Corazon a lot of money if it all works out as well as it possibly being a very interesting corporate situation.

CZN Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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Ann: AGM presentation, page-16

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Ann: AGM presentation, page-16

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