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Overview
Interra Copper (CSE:IMCX,OTCQB:IMIMF,FRA:3MX) is an exploration and development company with prolific assets in Canada and Chile, both tier-1 jurisdictions.
Interra’s two exploration properties in British Columbia, Canada - Thane and Chuck Creek - demonstrate significant potential to increase shareholder value as they are explored. The 20,658-hectare Thane project is located in the Quesnel Terrane of Northern BC and contains six high-priority target areas with significant copper and precious metal mineralization, including high-grade silver and gold. The approximately 3,356-hectare Chuck Creek asset also has historical silt sample concentrations up to a significant 58,600 parts per billion (ppb) gold.
In September 2023, Interra entered into a non-binding letter of intent for a potential 80-percent earn-in and joint venture agreement with ArcWest Exploration for its Rip Copper-Molybdenum Project in Central BC. The 2,309-hectare Rip project is located in Stikine Terrane in a prolific belt of Late Cretaceous (Bulkley Plutonic Suite) porphyry copper-molybdenum deposits, which includes Imperial Metals’ Huckleberry Mine, 33 kilometers to the southwest and presently on care and maintenance. The Bulkley porphyry belt also includes the Whiting Creek, Poplar, Seel and Ox Cu-Mo (gold-silver) deposits.
The company’s three copper assets in Chile are all within a prolific Chilean copper belt: Tres Marias and Zenaida in the Antofagasta Region, and Pitbull in Tarapaca Region. With a significant land package spanning 16,250 hectares, Interra’s Chilean projects are in the company of some of the world’s largest mines owned by global mining firms, including Glencore, Anglo American, Teck Resources and BHP. As the top global producer of copper responsible for 28 percent of the world’s supply, Chile’s mining-friendly policies and established infrastructure provide confidence in the potential development of Interra’s Chilean copper assets.
Interra Copper completed Phase 1 of the drilling program at Tres Marias, which began on May 24, 2023, with six RC holes totalling 1,896 meters drilled. Samples were sent to ALS Global in Santiago for analysis.
An expert leadership team leads Interra toward fully exploring its assets and increasing shareholder value.
The leadership team is backed by an advisory board of notable mining industry experts that include Mike Ciricillo who has served as president of Freeport McMoRan Africa and as head of worldwide copper assets for Glencore (LON:GLEN); Rich Leveille whose last corporate position was senior vice president of exploration for Freeport-McMoRan, Dave Garofalo who has led the biggest mining names Goldcorp, Hudbay Minerals, Agnico-Eagle Mines and Inmet Mining in different capacities; and Dr. Mark Cruise who founded and led Trevali Mining from an initial discovery phase into a top-ten global zinc producer. It is also important to note that director Rick Gittleman has held notable positions at Glencore SA and Freeport-McMoRan Africa.Company Highlights
- Interra Copper is an exploration and development company with prolific assets in Canada and Chile, both tier-1 jurisdictions with mining-friendly regulations, existing infrastructure and skilled local workforce.
- Two exploration properties in British Columbia, Canada - Thane and Chuck Creek - demonstrate significant potential to increase shareholder value as they are explored, and include six high-priority target areas with significant copper and precious metals mineralization.
- Interra is negotiating an 80-percent earn-in and joint venture agreement with ArcWest Exploration for its 2,309-hectare Rip Copper-Molybdenum Project in Central BC.
- Interra’s three copper assets in Chile are all within a prolific Chilean copper belt: Tres Marias and Zenaida in th Antofagasta Region, and Pitbull in Tarapaca Region
- An experienced management team backed by special expert advisors with the depth of expertise necessary to realize the full value of its asset portfolio.
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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.