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Corporate Presentation December2018
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Disclaimer
This presentation includes certain forward-looking statementsabout future events and/or financial results which are forward-looking in nature and subject to risks and uncertainties. Suchforward-looking statements or information, including but notlimitedtothosewithrespecttothedevelopmentoftheMarimacaproject,metal prices,metallurgical results and resourceestimates,involveknownandunknownrisks,uncertainties,andother factorswhichmay cause the actual results, performanceor achievementsof theCompany tobemateriallydifferent fromany future results,performance or achievements expressed or implied by suchforward-looking statements or information. Forward-lookingstatements include without limitation, statements regarding thecompany’splans,goalorobjectivesandfuturecompletionofminefeasibility studies, mine development programs, capital andoperatingcosts,production,potentialmineralization,resourcesandreserves,explorationresultsandfutureplansandobjectivesofCoroMining Corp. Forward-looking statements can generally beidentifiedbytheuseofforward-lookingterminologysuchas“may”,“will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, or “continue” or the negative thereof or variations thereon or similarterminology. There can be no assurance that such statementswillprove to be accurate and actual results and future events coulddiffer materially from those anticipated in such statements.Importantfactorsthatcouldcauseresultstodiffermaterially fromexpectationsincluderisksassociatedwithmininggenerallyandpre-development stage projects in particular. The company is anexploration,development&miningcompany. Manyreferencestoresourcesandothergeologicalandtechnicalinformationcontainedherein have not been verified by an independent expert and areeither not in accordance with the requirements under NationalInstrument43-101orhavenotbeenpreparedinaccordancewithapreliminary or final feasibility study. Potential investors shouldconducttheirowninvestigationsastothesuitabilityofinvestingin
securitiesofCoroMiningCorp.ThepotentialtargettonnageandgradenotedfortheMarimaca project are conceptual in nature as there has beeninsufficient exploration to define mineral resources, and it isuncertain if further exploration will result in these targets beingdelineatedasmineralresources.
Unless otherwise indicated, Coro has prepared the technicalinformationinthispresentation(“TechnicalInformation”)basedoninformation contained in the technical reports and news releases(collectively the “Disclosure Documents”) available under CoroMiningCorp.’scompanyprofileonSEDARatwww.sedar.com.EachDisclosureDocumentwaspreparedbyorunderthesupervisionofaqualified person (a “Qualified Person”) as defined in NationalInstrument43-101–StandardsofDisclosureforMineralProjectsoftheCanadianSecuritiesAdministrators(“NI43-101”).Forreaderstofully understand the information in this presentation, they shouldread the Technical Reports (available on www.sedar.com) in theirentirety,includingallqualifications,assumptionsandexclusionsthatrelatetotheinformationsetoutinthispresentationwhichqualifiesthe Technical Information. Readers are advised that mineralresourcesthatarenotmineralreservesdonothavedemonstratedeconomicviability.TheDisclosureDocumentsareeachintendedtobereadasawhole,andsectionsshouldnotbereadorrelieduponout of context. The Technical Information is subject to theassumptions and qualifications contained in the DisclosureDocuments.AllDollaramounts inthispresentationsareUSDollarsunlessotherwisestated.
Sergio Rivera, Vice President Exploratin of Coro Mining Corp, ageologist with more than 35 years of experience is the QualifiedPersonforthepurposesofNI43-101andhasapprovedthiswrittendisclosure.
WE ARE CORO
WhyExploration?
Morevalueiscreatedinthediscovery,explorationandresourcesgrowthphasesofaminingprojectthananyother.TheMarimacaprojecthasthispotentialwithalimitedriskprofile.
WhyChile?
Astheworld’slargestcopperproducer,withestablishedindustrial&commercialinfrastructure,Chileisalow-riskjurisdictiongearedforexplorationandmining.
WhyCopper?
Demandisstrongduetopopulationgrowth,urbanizationandelectrification.Howeverasupplydeficitislikelyduedecliningproduction&newresources.
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Corporate Overview
CAPSTRUCTURE
StockExchange TSX“COP”MarketCap C$80million(C$0.055shareprice)SharesOut 1,455,388,294OptionsOut 31,500,000Cash US$15.5m(Dec1,2018)Debt $0mShareholders Greenstone55.6%
Tembo15.7% Mackenzie5.3%
ColinKinley IndependentChairmanPetraDecher IndependentDirectorTimPetterson IndependentDirectorMichaelHaworth DirectorAlanStephens DirectorLuisTondo Director
BOARD
RegisteredOffice: VancouverHeadOffice: Santiago
MARIMACA
SCMBerta
RisingStarCopper(UK)MCAL
100%
RisingStarCopper(Chile)
MCC
25%*
*Pendingcompletionofassettransfers
Marimaca Overview
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Thepotentialtobeoneofthebestnewopen-pittable,copperoxidedepositsinChile.14kmfrominfrastructure,22kmfromMejillonesPortand60kmfromAntofagasta.
Mapsandillustrationarenottoscale
Corporate & Project Objectives & Strategy
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OBJECTIVE STRATEGY
OWNERSHIP
RESOURCES
VALUE
STEWARDSHIP
100%ownershipacrossprojectarea
Establishresourceforoxidesandunderstandpotentialofsulphides
Asprojectscaleisdefined,developplanstooptimizevalue
Shiftfromcontroltoownershipwithpropertystakeholders
PhaseIIexplorationprogramtodetermineresourceandoptionality
Realizegeological,geographical,capitalandriskpremiums
Implementhighstandardsofenvironmental,socialresponsibilityandgovernance
1. Focusing on Marimaca
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MARIMACA ►
◄ SCM BERTA
Marimacaidentifiedas
newcoreasset
STRATEGICREVIEW PLACEMENT
AUG18
RIGHTSOFFERING
SEP18 OCT18 DEC18APR18
EXPLORATIONPROGRAMPHASEIII
SCMBertalong-term
Plan
Fundsraisedtoacquireremaininglandclaimsandconsolidate
Marimacalandpackage
FundsraisedforMarimacaPhaseIIexplorationprogram
SCMBertaring-fencedwithnewfinanceandcorporate
restructuring
SCMBertacareandmaintenance
SCMBertaownership
reducesto25%
EXPLORATIONINTERIMRESULTS
EXPLORATIONPROGRAMPHASEII
JAN19
2. Refinancing the Business
PRIVATEPLACEMENT
US$10millionatC$0.12pershare(26%premium)
PlacementUS$10million
RepayconvertibleUS$2million
RIGHTSOFFERING
US$26millionatC$0.05persharesub-guaranteed
Prospectus-exemptrightsoffering98%basicandadditionalsubscriptiontake-upSub-guaranteedbyTembo
simultaneousfinancings ►
►
MarimacaProceeds• Acquiresurroundingground• CommenceExploration
MarimacaProceeds• FullyfundPhaseIIexploration• RepayGreenstonedebt
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3. Acquiring Greater Marimaca Project Area
Owned51%75%withplant
25%tobenegotiated
OptionedNovember2017
$6million
AcquiredAugust2018
$6million
OptionedJanuary2018$6.5million
Location
IntheAntofagastaRegion,hometothelargestminesinChile.Located14kmfromestablishedinfrastructure,22kmfromaport&60kmfromregionalcapitalAntofagastawithabundanceofavailableskillsandlabor.
Resource
Copperoxideresourceopenatdepthandalongstrike,withfurtherdeepersulphidesandregionaloptionalitytobeexplored.Potentialtobeoneofthemostsignificantnewopen-pittablecopperdiscoveriesinChile.
Geology
DiscoveredbyCoro’sexplorationgeologists,Marimacahasthepotentialtobeoneofthemostsignificantnewopen-pittablecopperoxideresourcesinChileinrecenttimes.Atsurfacewithstraightforwardmetallurgyandprocessing.
THIS IS MARIMACA
Mejillones
Antofagasta
MARIMACA
IvanPlant
MantosBlancos
25km
Marimaca Location
Mejillones
Antofagasta
MARIMACA
IvanPlant
MantosBlancos
25Km
SierraMedina
Mining Properties
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MARIMACA
Michilla
MantosBlancos
MantosdelaLuna
(Jurassicvolcanicsandintrusives:180-170my,latedykeswarmsapproximately140my)
Geological Setting: Copper Manto Deposits
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200m
HangingWallalte
ratio
n
Surface Geology
Lithology Structures
MDIPMD
3DRocktypes 3DDykesandSills
500m
3D Rock type distribution
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Monzodiorite
Monzodioriteporphyry
Microdiorite
Daciticporphyry
Andesiteporphyry
Main Rock Types
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Brochantite Chrysocholla
Copper Oxide Mineralogy
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200m
Brochantite Chrysocholla WAD
Copper oxide mineralogical zones
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NW SE
200m
Brochantite
Chrysocholla
Wad
NW – SE long section copper oxide mineral zones
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RC: 113holes23,548metres
Diamond: 16holes
4,058metresTotal: 129holes
27,606metres
2016
2017
RC: 11,620metresDiamond: 2,008metres
RC: 11,928metresDiamond: 2,050metres
Total
Drilling 2016-2017
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21
NW SE
200m
NW – SE long section CuT (%) block model
CuT
Brochantite
Chrysocholla
Wad200M
MineralZones CuT(%)BlockModel
TotalResourceSummary(NCL2018)
Marimaca 1-23 Mineral Resources
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MTonnes %CuT %CuS MTonnes %CuT %CuS MTonnes %CuS %CuS 0.1 58.6 0.55 0.37 17.3 0.36 0.21 75.9 0.51 0.33 384.6 0.2 46.8 0.65 0.44 11.0 0.48 0.28 57.8 0.62 0.41 357.0 0.3 37.4 0.75 0.52 7.7 0.58 0.34 45.1 0.72 0.49 325.2
COG %TCu
Measured+Indicated Inferred Measured+Indicated+Inferred KTonnes Cu
CuTRange
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District Exploration Program, continued…
Drilling Program: Long Section View
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1,180masl
2km950masl
ATAHUALPA LAATOMICA MARIMACA
CuTRange
3
1
0.8
0.6
0.4
0.2
0.1
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Proving Marimaca
Marimaca1-23 LaAtómica Atahualpa Atahualpa
East SorpresaI SorpresaII OlimpoSouth
OlimpoNorth
Mapping&Sampling - NA NA Q3’18 Q4’18 Q4’18 Q1’19 Q1’19
Access&Platforms - Q3’18 Q4’18 Q4’18 Q4’18 Q1’19 Q1’19 Q1’19
Drilling - Q4’18 Q4’18 Q1’19 Q1’19 Q1’19 Q1’19 Q2’19
Drilling(holes) - 52 51 19 18 12 16 15
Drilling(metres) - 12,000 12,310 5,300 4,200 3,000 4,400 4,150
DrillingResults - Q4’18 Q1’19 Q2’19 Q2’19 Q2’19 Q2’19 Q3’19
PreliminaryReports - - - - Q2’19 Q2’19 Q2’19 Q3’19
Modelling - Q4’18 Q2’19 - - - -
ResourceEstimate Q2’18 Q1’19 Q2’19 Q3’19 - - - -
CombinedResourceEstimate H2’19 - - - -
CoroCorporate
Realignedcorporate&capitalstructurestofocusondeliveringvaluefromMarimaca.Recapitalized,withanewshareholder,Board&managementteam,Coroissetforgrowth.
TimetoInvest
Positivecopperfundamentals,well-fundedandclearlydefinedexplorationprogramtoincreaseMarimaca’sresourcebase.Potentialtodriveshort-termvaluewithlonger-termoptionality.
MarimacaProject
Potentialtobeoneofthebestnewopen-pittablecopperoxidedepositsdiscoveredinChileinrecenttimes.Theprojectbenefitsfromanunrivalledlocationwithinfrastructureaccessinaworld-classjurisdiction.
INVEST
