BMO Metals & Mining Conference PresentationFebruary 2018
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Disclaimer
This presentation includes certain forward-looking statements aboutfuture events and/or financial results which are forward-looking innature and subject to risks and uncertainties. Such forward-lookingstatements or information, including but not limited to those withrespect to the development of the Marimaca project, metal prices,metallurgical results and resource estimates, involve known andunknown risks, uncertainties, and other factors which may cause theactual results, performance or achievements of the Company to bematerially different from any future results, performance orachievements expressed or implied by such forward-lookingstatements or information. Forward-looking statements includewithout limitation, statements regarding the company’s plans, goalor objectives and future completion of mine feasibility studies, minedevelopment programs, capital and operating costs, production,potential mineralization, resources and reserves, exploration resultsand future plans and objectives of Coro Mining Corp. Forward-looking statements can generally be identified by the use offorward-looking terminology such as “may”, “will”, “expect”,“intend”, “estimate”, “anticipate”, “believe”, or “ continue” or thenegative thereof or variations thereon or similar terminology. Therecan be no assurance that such statements will prove to be accurateand actual results and future events could differ materially fromthose anticipated in such statements. Important factors that couldcause results to differ materially from expectations include risksassociated with mining generally and pre-development stageprojects in particular. The company is an exploration, development& mining company. Many references to resources and othergeological and technical information contained herein have notbeen verified by an independent expert and are either not inaccordance with the requirements under National Instrument 43-101 or have not been prepared in accordance with a preliminary orfinal feasibility study. Potential investors should conduct their owninvestigations as to the suitability of investing in securities of Coro
Mining Corp. The potential target tonnage and grade noted for theMarimaca 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 beingdelineated as mineral resources.
Unless otherwise indicated, Coro has prepared the technicalinformation in this presentation (“Technical Information”) based oninformation contained in the technical reports and news releases(collectively the “Disclosure Documents”) available under CoroMining Corp.’s company profile on SEDAR at www.sedar.com. EachDisclosure Document was prepared by or under the supervision of aqualified person (a “Qualified Person”) as defined in NationalInstrument 43-101 – Standards of Disclosure for Mineral Projects ofthe Canadian Securities Administrators (“NI 43-101”). For readers tofully understand the information in this presentation, they shouldread the Technical Reports (available on www.sedar.com) in theirentirety, including all qualifications, assumptions and exclusions thatrelate to the information set out in this presentation which qualifiesthe Technical Information. Readers are advised that mineralresources that are not mineral reserves do not have demonstratedeconomic viability. The Disclosure Documents are each intended tobe read as a whole, and sections should not be read or relied uponout of context. The Technical Information is subject to theassumptions and qualifications contained in the DisclosureDocuments. All Dollar amounts in this presentations are US Dollarsunless otherwise stated.
Sergio Rivera, Vice President Exploratin of Coro Mining Corp, ageologist with more than 35 years of experience is the QualifiedPerson for the purposes of NI 43-101 and has approved this writtendisclosure.
WE ARE CORO
Chile ExplorationCopper
THIS IS MARIMACA
Geology ResourceLocation
Location: Prime address near Antofagasta
5Maps and illustrations are not to scale5
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Location: Large Landholdings Near to Established Infrastructure
Geology: An Overlooked Opportunity
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MARIMACA
Michilla
Mantos Blancos
Mantos de la Luna
ANTOFAGASTA
MEJILLONES
7
200 m
Hang
ing W
all a
ltera
tionFalla La Atómica
Geology: Surface
Lithology Structures
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Geology: Geochem
Resource: Marimaca Strategy
Phas
e I
Phas
e II
MARIMACAOwned 51% 201575% with plant25% tbc
LA ATÓMICAOptionedNovember 2017$6 million
ATAHAULPA/TARSOSIERRA/SORPRESAAcquiredAugust 2018$6 million
OLIMPO/CEDROOptionedJanuary 2018$6.5 million
Phas
e III
Acquire Land
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Funded $12m exploration program
2016-201827,500 metres (RC + diamond)
Phase I
2018-mid-2019152 holes48,000 metres (RC + diamond)
Phase II
2018-mid-201984 holes22,500 metres (RC + diamond)
Phase III Scouting
FUNDEDResource: Marimaca Phase II Exploration
Approximate Marimaca 1-23 area
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Resource: Phase II Exploration Program Deliverables
Marimaca La Atómica Atahualpa Tarso Sierra Sorpresa Olimpo Cedro
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 Starts Q4 ’18 Q4 ’18 Q1 ’19 Q1 ’19 Q1 ’19 Q1 ’19 Q2 ’19
Drilling (holes) 64 51 19 18 12 16 15
Drilling (metres) 15,100 12,310 5,300 4,200 3,000 4,400 4,150
Drilling Results Q4 ’18 Q1 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Q2 ’19 Q3 ’19
Preliminary Reports â â â Q2 ’19 Q2 ’19 Q2 ’19 Q3 ’19
Res
our
ceEs
tim
ate Phase I Q2’18
Phase II 2H’ 19
Phase III Estimated 2020
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Rock walls at Atahualpa
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RC Drilling at La Atómica
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Looking northeast to Marimaca
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Looking south to La Atómica
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Marimaca brochantite
Growing ResourceInitial NI43-101 resource 76Mt at 0.51% CuT. Resources growth with consolidated ground position and funded exploration program returning results. Added district and sulphide optionality.
ValuationApproximate US 10¢/lb based on initial Marimaca 1-23 resources of 76Mt. Set to increase with exploration results. Low risk project and investment profile as exploration program expands and advances.
Marimaca ProjectCopper oxide project, well located for established infrastructure in tier one jurisdiction. Open pittable near surface resource with low strip ratio and simple metallurgy and processing.
INVEST
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Corporate Overview
CAP STRUCTUREStock Exchange TSX “COP”Market Cap C$102 million (C$0.07 share price)Shares Out 1,455,388,294Options Out 31,500,000Cash US$15.5m (Dec 1, 2018)Debt $0mShareholders Greenstone 55.6%
Tembo 15.7%Mackenzie 5.3%
Colin Kinley Independent ChairmanPetra Decher Independent DirectorTim Petterson Independent DirectorMichael Haworth DirectorAlan Stephens DirectorLuis Tondo Director
BOARD
Luis Tondo CEOArmando Véliz CFOSergio Rivera VP ExplorationNick Bias VP Corporate Development
Management
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0.08
Nov-18 Dec-18 Jan-19 Feb-19
LA ATÓMICAdrilling &
underground
ATAHUALPAmineralization
FINANCINGLAND ACQUISITION
PHASE II EXPLORATION
SORPRESAdiscovery
C$
www.coromining.com
END
APPENDICES
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Phase I: Marimaca 1-23
Brochantite
Chrysocholla
Wad200m
Mineral Zones CuT (%) Block Model
Total Resource Summary (NCL 2018)
CuT Range
COG Measure & Indicated Inferred Measured, Indicated & InferredTonnes (000s)
%CuT M Tonnes %CuT %CuS M Tonnes %CuT %CuS M Tonnes %CuT %CuS0.1 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 0.49 352.2
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Phase II: La Atómica Drilling & Underground Sampling
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Phase II: Atahualpa Drilling
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Phase II: Atahualpa Northwest South East Section Looking North East
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Phase II: Sorpresa Underground Workings
www.coromining.com