AGM Presentation June 2018
D ISCLAIMER & F ORWARD L OOKING S TATEMENTS 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 operation of SCM Berta/Nora, and the development of the Marimaca/Ivan 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 of 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 operating 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 El Joté 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 out of context. The Technical Information is subject to the assumptions and qualifications contained in the Disclosure Documents. All figures are quoted in US dollars unless otherwise stated. Luis Albano Tondo, President & CEO of Coro Mining, a Fellow of the Australasian Institute of Mining and Metallurgy, and a Qualified Person for the purposes of NI 43-101, has approved this written disclosure. All Dollar amounts in this presentations are US Dollars unless otherwise stated. 2
1. Overview 2. Marimaca Flagship Asset 3 Berta Optionality Asset 4. Conclusions 3
Coro Mining Overview Marimaca Berta ü Commodity Copper ü Geography Chile – Coastal Copper Belt ü Geology New copper bearing discovery ü People Skills and experience in Chile 4
Corporate & Capital Structure Symbol COP Bloomberg COP:CN Price C$0.105 Shares issued 652 m Market cap C$68.45m Major Shareholders Greenstone 64% Institutional 14% HNW & Retail 25% As at market close 25 June 2018 5
Leadership & People Independent Colin Kinley Chairman CEO Kinley Exploration, Director Excelsior Mining BOARD Independent Petra Decher Gordon Fretwell Directors Governance & Finance Securities Lawyer Major Michael Howarth Shareholder Banking & Finance Luis Tondo Alan Stephens Executive EXECUTIVE (CEO) Exploration Directors ex-Kinross & Rio Tinto ex-FQM Armando Véliz Sergio Rivera Nick Bias Other Finance Exploration Corporate Executives Ex-Laguna, Xstrata Ex-Codelco ex-Citibank & Glencore 6
Geography and Geology – Chile Established position on the Chilean costal copper-belt Chile § Chile produces over 1/3 of annual global copper § Low political risk, preferred foreign investment destination § Mining culture and mining-friendly jurisdiction § Well defined project approval processes 30km Coro § Two properties close to coast § Established world class infrastructure § Potential to add to land position § Deposits appear to be scalable § Mineralized areas close to surface with low strip ratios 7
Investment Case Strategy built on unique exploration opportunity Assets § Marimaca as a potential world-class exploration and development opportunity (and reducing exposure to Berta due to high cost and capital requirements) Team § Building a skilled and experienced in-country Chilean team § Streamline with a Chilean focussed business Growth § Optimise the shareholder and capital structures of the business § Undertake a sizeable exploration program to determine the full potential of Marimaca § Assess all Marimaca development opportunities and scenarios 8
ü 1. Overview 2. Marimaca Flagship Asset 3 Berta Optionality Asset 4. Conclusions 9
Marimaca Project Unique Greenfields Copper Project Mantos de la Luna Coastal copper belt § 14km to highway & powerline Michilla 18km to Ivan Plant 22km Mejillones Port § NI43-101 MRE January 2017 increased 103% April 2018 MARIMACA Ivan § DFS announced June 2018 Mantos Blancos § Coro owning 75% Marimaca deposit viewed from north ~250m 10
Marimaca Project Initial Marimaca 1-23 Claim Definitive Feasibility Study First phase DFS to acquire 75% interest in Marimaca 1-23 Claim § Proven & Probable mineral reserves (oxides) 24.6mt at 0.8% CuT, containing 196,800 tonnes Cu § Robust economics, After tax IRR 58%, NPV (5%) of $114 million at Cu price $3/lb § 12 year mine life, plus 3 years LOM stacked ore § Annual Cu production 10,000 tonnes (years 2-10) § Initial capital costs $22.6 million (including $1.7 million contingency and $1.1 million owner allowances) § LOM cash costs of $2.05/lb Exponential phased growth opportunity with the addition of surrounding tenements with associated resources and reserves, resulting in a significant increase in the project scale and economics. 11
Marimaca Project Section NW 400, Looking North East Leachable mineralization occurs in coherent bodies, dominated by 4 copper oxide minerals: Chrysocolla 49% • Brochantite 45% • % of total contained Metallurgical column tests Wad and black oxides 4% copper tonnes run on each type • Mixed oxide and chalcocite 2% • 12
Marimaca District Property Consolidation Coro CMN SM North LA Marimaca Sorpresa I CMN Sorpresa II Coro (Ivan) Coro 2km Marimaca Claim La Atómica CMN Claims SM North & Sorpresa Coro Claims Earning 75% Optioning 100% Optioning 100% Acquiring 100% Owned 100% 13
Marimaca 2018-2019 Work Program Work Progressing on New Flagship Property § DFS completed § Sierra Miranda claims acquisition targeting completion § Major drill program expected to significantly increase resource base § Extension of geochemistry and mapping over Marimaca District & Ivan Block § Opportunistically explore for new Marimaca-style deposits along Coastal Belt 14
ü 1. Overview ü 2. Marimaca Flagship Asset 3. Berta Optionality Asset 4. Conclusions 15
SCM Berta (Coro 25%, Option to 50%) Berta Mine, Nora SXEW Plant § Reorganisation complete § Capital optimization projects being implemented § Final ramp up to 400tpm targeting Q3 2018 Copper cathode production at Nora Plant 16
ü 1. Overview ü 2. Marimaca Flagship Asset ü 3. Berta Optionality Asset 4. Conclusions 17
Summary World class exploration and development opportunity § Buoyant copper market in need of secure new supply sources § Marimaca is a unique development asset located in the world class copper jurisdiction § Building out the exploration and development team and infrastructure § Financing opportunities advanced to optimise capital and shareholder structures § Reduced exposure to higher cost legacy assets approved by shareholders Securing growth and value for Coro 18
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