The Conversation (0)
Overview
As the world continues its transition away from many carbon-based forms of energy, so too does the urgency arise for sustainable sources for the critical components of green technology – primarily copper and nickel. The global energy transition is the largest coordinated effort in our generation and mandates from governments, corporations, financial institutions, and portfolio companies worldwide have demonstrated their desire to invest in a greener world.
However, with increased demand for both metals, the world faces significant supply deficits — making major copper and nickel projects among the world’s most strategic mineral deposits. Nova Royalty (TSXV:NOVR, OTCQB:NOVRF) is the only royalty company focused solely on copper and nickel. Nova offers investors direct exposure to these critical metals and is an efficient way for investors to participate in the future of greener energy.
Nova has a portfolio of tier-one, long-lived royalties on the next generation of the world’s major copper projects, with select exposure to strategic nickel deposits. Nova’s royalty portfolio is built on highly-strategic deposits in prolific jurisdictions, owned by some of the world’s leading mining companies who have established track records of success in building and operating mines.
Nova currently has 22 royalties: one producing royalty, eight development-stage royalties and 13 exploration-stage royalties.
As a royalty company, Nova has substantially reduced overall risk with a global portfolio of high-quality assets. The company owns royalties on 4 of the top 10 open pit copper projects in the Americas.
Nova has acquired royalties on large-scale, high-quality projects owned by major mining companies leading development and exploration. These owners, and their accompanying assets, include First Quantum’s Taca Taca, Hudbay’s Copper World Complex, Lundin Mining’s Josemaria, Teck and Newmont’s NuevaUnion, Aura Minerals’ Aranzazu, Waterton Global's Dumont, and Antofagasta’s Twin Metals. With several other exploration assets, Nova Royalty has built a solid foundation and has turned its focus and attention toward adding near-term cash flow generating royalties to its roster.
Additionally, the royalty model offers direct exposure and optionality to commodity price appreciation and production increases, while protecting investors from direct operating and exploration costs typically associated with a traditional mining business.
Company Highlights
- Nova Royalty is a royalty company focused on leveraging the transition to green energy with a direct investment in valuable copper and nickel assets, the building blocks for the energy transition.
- The company has an international portfolio of production, development and exploration projects spanning strategic jurisdictions in Chile, Argentina, Mexico, Canada and the US. The region that hosts the Dumont mining project in Quebec has the world's largest emerging reserves of nickel.
- As a royalty company, Nova is exposed purely to revenues and is protected from any direct operating, carrying, exploration or development costs. It offers optionality on copper/nickel price appreciation, production expansion and reserve increases without any additional capital or operating costs.
- Strategic operators in Nova's portfolio include First Quantum, Teck, Hudbay, Lundin, Newmont, Antofagasta and Rio Tinto. The company also has several other exploration royalties.
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Investor Insight
Corazon Mining Ltd presents a compelling investment case driven by a strategic pivot to WA gold exploration, capitalising on its recent acquisition of the Two Pools gold project. This acquisition offers significant near-term exploration upside, while the company retains a high-quality portfolio of base and battery metals projects, providing long-term optionality and leverage to the evolving critical minerals market. This strategy positions Corazon to deliver shareholder value through potential high-impact discovery and future project development.
Overview
Corazon Mining Ltd (ASX:CZN) is an Australian junior exploration company focused on high-quality gold and critical minerals projects in Australia and Canada.
Company Highlights
- Two Pools Gold Project: The company’s primary focus is the newly acquired Two Pools Gold Project in Western Australia’s highly productive Plutonic Greenstone Belt. This underexplored tenure contains a recently identified 20km-long greenstone belt that was previously misclassified as granite.
- Confirmed High-Grade Mineralisation: Historical drilling at Two Pools has delivered standout intercepts, including 12m @ 8.89 g/t Au (incl. 3m @ 34.25 g/t Au) and 18m @ 3.89 g/t Au (incl. 4m @ 15.96 g/t Au).
- Trident-style Analogy: Drilling has confirmed mineralisation extends beneath overthrust granite, a key geological setting similar to Catalyst Metals’ nearby Trident Deposit, highlighting the potential for significant blind discoveries.
- Strategic Location: Two Pools is located just 60km from Catalyst Metals’ Plutonic Processing Plant, offering strong future development synergies
- Strategic Battery and Base Metals Portfolio: Corazon retains ownership of key projects in Canada and Australia including the MacBride Copper-Zinc-Gold Project and the historic Lynn Nickel-Copper-Cobalt sulphide camp in Manitoba, and the Mt Gilmore Copper-Cobalt-Gold project in NSW. These assets provide long-term exposure to critical metals.
- Compelling Value Proposition: Corazon offers a unique investment opportunity with a small market capitalisation but large, high-quality assets.
Key Projects
Two Pools Gold Project (Western Australia)
Project Highlights:
- A new, highly-prospective gold exploration project in the proven Plutonic-Marymia Greenstone Belt.
- The project covers 193km2 of underexplored tenure containing a newly identified 20km-long greenstone belt
- Historical Drilling and surface sampling have confirmed high-grade gold mineralisation, with a compelling geological setting analogous to other major deposits in the region.
Lynn Lake Base & Precious Metals (Manitoba, Canada)
Project Highlights:
- High-quality base and precious metals asset, offering strategic, long-term value.
- MacBride Copper-Zinc-Gold Project: High-grade, near-surface mineralisation and significant exploration upside for VMS-style deposits.
- Lynn Lake Nickel-Copper-Cobalt Project: Strategic long-term asset with a significant JORC resource -total contained metal of 116,800t Ni, 54,300t Cu, 5,300t Co. The project is fully permitted and benefits from established infrastructure. Refer ASX Announcement 27 Nov 2019.
Other Projects
- Mt Gilmore Copper-Cobalt-Gold (NSW, Australia): An emerging porphyry play with potential for a significant potential copper-gold system.
Management Team
Simon Coyle – Managing Director
Simon Coyle is a mining executive with over 20 years’ experience in the resources sector, spanning across gold, iron ore, manganese and lithium. He is a graduate of the Western Australian School of Mines and has held a number of senior operational leadership roles across both private and publicly listed companies.
Most recently, Coyle served as CEO and president of TSXV-listed Velox Energy Materials. Prior to this, he held senior roles at Pilbara Minerals, including general manager - operations, where he was instrumental in the development and expansion of its flagship lithium project, establishing it as one of the world's leading spodumene concentrate producers. Coyle currently serves as non-executive director of Kali Metals.
Kristie Young – Non-executive Chair
Kristie Young is a professional Board Director who began her career as a mining engineer in the mid 90’s across both underground and open cut operations (incl. Hamersley Iron, Mt Isa Mines, Plutonic Gold, New Hampton Goldfields, Surpac), feasibility studies and project evaluation. She holds a BEng(Mining) Hons from the University of Queensland.
Over 25 years’ industry experience, including business development director roles with both EY and PwC. She brings more than 15 years’ experience on boards and committees and currently serves as a non-executive director of Brazilian Rare Earths (ASX:BRE), Livium (ASX:LIT), Tasmea Ltd (ASX:TEA), and MinEx CRC.
She is a Fellow of the AusIMM and a graduate and Fellow of the AICD.
Scott Williamson – Non-executive Director
Scott Williamson is a highly experienced mining engineer with an Engineering and Commerce degree from the West Australian School of Mines and Curtin University. With more than 20 years of experience spanning technical and corporate roles in the mining and finance sectors, he brings a wealth of industry expertise and strategic insight. A proven leader in business development, Scott has extensive experience in equity capital markets, complementing his strong technical skill set.
Currently, he serves as managing director of Blackstone Minerals and non-executive Director of Leeuwin Metals.
Scott also holds a WA First Class Mine Manager's Certificate and is a member of the Australasian Institute of Mining and Metallurgy.
Robert Orr – Company Secretary and Chief Financial Officer
Robert Orr manages Corazon's financial operations and corporate governance, ensuring compliance and effective financial management.