Corazon Mining
Corazon Mining is a pre-revenue ASX-listed mineral exploration company advancing gold projects in Western Australia (Two Pools, Feather Cap, Chalice), nickel-copper-cobalt at Lynn Lake in Canada, and copper-cobalt-gold at Mt Gilmore in NSW, funded primarily through equity raises and targeting future joint-venture or development partnerships.
- Company typePublic
- Founded2005
- HeadquartersSubiaco, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Corazon Mining does
Corazon Mining Limited (ASX:CZN) is a pre-revenue Australian mineral exploration company focused on the discovery and advancement of gold, nickel, copper, and cobalt deposits across multiple jurisdictions. Its portfolio comprises four core assets: the Two Pools and Feather Cap gold projects in Western Australia, the Mt Gilmore copper-cobalt-gold project in New South Wales, and the Lynn Lake nickel-copper-cobalt project in Manitoba, Canada, where Corazon holds 100% ownership of the entire historic mining belt — the first consolidation of the district since 1976. Technical work is conducted using core drilling, induced polarisation (IP) geophysics, soil and rock-chip geochemistry, and a proprietary mineral chemistry vectoring technique developed with the University of Tasmania's CODES research centre to vector toward higher-grade mineralised zones. The company is small (1–10 employees) and operates with a lean, project-by-project exploration model.
The company's business model is that of a typical junior ASX-listed explorer: it raises equity capital on the ASX to fund drilling, geophysical surveys, geochemical sampling, and tenement maintenance across its project portfolio, with the objective of defining a mineral resource that can be advanced toward feasibility, joint venture, or sale. The most recent disclosed capital raise was A$1.8 million in December 2025. Corazon has no operating revenue, no product sales, and no paying customers; its only commercial counterparty of note is IGO Limited, with which it signed a strategic agreement in March 2026 covering critical minerals assets. Strategic direction has pivoted in 2026 toward gold in Western Australia, evidenced by the May 2026 acquisition of the Chalice Gold Project, maiden drilling at Two Pools in March 2026, and the definition of a 4km gold-in-soil anomaly. Customers in the traditional sense are therefore capital markets participants (ASX retail and institutional investors) and potential future strategic partners or acquirers of project interests.
Geographically the portfolio spans two continents (Australia and Canada) and four commodities (gold, nickel, copper, cobalt), giving Corazon exposure to both precious-metals momentum and critical-minerals thematic demand. Operational cadence in 2026 has been high: maiden drilling at Two Pools, Chalice Gold Project acquisition, IGO agreement, new director appointment, and ongoing drilling at Lynn Lake and Mt Gilmore all within a roughly two-month window. The company is therefore in an active development phase, but remains pre-revenue, pre-resource on most of its gold assets, and dependent on continued equity capital to advance work programs.
Corazon Mining firmographics
Firmographics- Name
- Corazon Mining
- Legal name
- Corazon Mining Limited
- Website
- https://corazon.com.au
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Corazon Mining is a pre-revenue ASX-listed mineral exploration company advancing gold projects in Western Australia (Two Pools, Feather Cap, Chalice), nickel-copper-cobalt at Lynn Lake in Canada, and copper-cobalt-gold at Mt Gilmore in NSW, funded primarily through equity raises and targeting future joint-venture or development partnerships.
- Ownership category
- akta.pro rank
Corazon Mining industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230), Support Activities for Metal Mining (213114)
- SIC
- Metal Mining (1000), Gold And Silver Ores (1040)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industries
- Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)
Keywords
Where Corazon Mining is headquartered
LocationHeadquarters
- HQ city
- Subiaco
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Corazon Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Pre-revenue mineral exploration: Corazon Mining is a pre-revenue mineral exploration company; the company does not currently generate operating revenue and is funding exploration activities through equity capital raises (e.g., A$1.8 million raised at A$0.15 per share announced 2025-12-03). Future revenue is intended to come from development and production of its nickel-copper-cobalt (Lynn Lake), gold (Two Pools, Feather Cap), and copper-cobalt-gold (Mt Gilmore) assets.
Go-to-market motion2 records
Marketing channels6 records
Corazon Mining product offering
Product offeringCore offering
Corazon Mining Limited (ASX: CZN) is a pre-revenue Australian mineral exploration company focused on identifying and advancing high-grade deposits of gold, nickel, copper and cobalt across a portfolio of four projects: the Two Pools Gold Project and Feather Cap Gold Project in Western Australia, the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada, and the Mt Gilmore Cobalt-Copper-Gold Project in New South Wales. The company funds exploration activities through equity capital raises on the ASX and is not currently generating operating revenue.
Product overview
Corazon Mining (ASX: CZN) is a single-platform mineral exploration company built around four named project assets, organised as a portfolio-plus-focus architecture. The Western Australian gold portfolio — comprising the Two Pools Gold Project (cornerstone) and the Feather Cap Gold Project — is the company's primary strategic focus and discovery engine, complemented by two base/precious-metals assets: the Lynn Lake Project (Ni-Cu-Co, Canada) and the Mt Gilmore Project (Cu-Co-Au, NSW). The WA gold projects are advanced via modern exploration techniques including maiden drilling, IP geophysics and heritage surveys; Lynn Lake centres on JORC resource development and the priority Fraser Lake Complex target; Mt Gilmore focuses on porphyry Cu-Au systems (May Queen) and the unique Cobalt Ridge cobalt-dominant sulphide deposit. Together, these four projects form a unified high-grade discovery and development portfolio spanning gold, nickel, copper, cobalt and silver across Western Australia, New South Wales, and Manitoba, Canada.
Differentiator
Problem solved
Functional benefit
Products and services
- Two Pools Gold Project Cornerstone gold exploration asset located in the Plutonic-Marymia Greenstone Belt, Western Australia, covering a 4km strike of exposed, mineralised greenstone. Historical drilling has delivered high-grade intercepts including 12m @ 8.89 g/t Au. Corazon holds 100% of the project.
- Feather Cap Gold Project
- Lynn Lake Project Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada — a significant Class-1 nickel resource that Corazon fully consolidated under single ownership in 2015. Hosts a JORC resource of 16.3Mt @ 0.72% Ni, 0.33% Cu, 0.033% Co (116,800t contained Ni). Includes the priority Fraser Lake Complex exploration target.
- Mt Gilmore Project Cobalt-Copper-Gold Project located 35km from Grafton in north-eastern New South Wales, Australia. Corazon owns 80% and is sole-funding exploration. Hosts the Cobalt Ridge high-grade cobalt-dominant sulphide deposit and the May Queen porphyry copper-gold target within an 11km+ mineralised trend.
Quantifiable outcome
- Lynn Lake JORC Resource: 16.3Mt @ 0.72% Ni, 0.33% Cu, 0.033% Co (116,800t Ni, 54,300t Cu, 5,300t Co contained)
- +3 more outcomes
Companies that use Corazon Mining
Customer profileSegments2 records
Ideal customer profiles2 records
Corazon Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Corazon Mining partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered strategic, core, operational and adjacent.
- Chalice GoldstrategicChalice Gold Project Acquisition and Capital Raising announced May 2026; Corazon announced the acquisition of the Chalice Gold Project as part of its gold portfolio expansion in Western Australia.
- University of Tasmania's Centre of Ore Deposit and Earth Science (CODES)coreResearch collaboration with the University of Tasmania's CODES on geochemical testwork that confirmed Mt Gilmore hosts key geochemical characteristics specific to large porphyry copper-gold deposits. This collaboration produced the proprietary 'mineral chemistry vectoring' techniques used to generate drill targets at the May Queen prospect.
- IGOstrategicIGO Agreement announced 18/03/2026 ('CZN Expands Au footprint with IGO Agreement'), expanding Corazon's gold exploration footprint through a partnership with IGO, a major Australian critical minerals company.
- Automic GroupoperationalAutomic Group serves as Corazon Mining's share registry provider, maintaining the company's share and options registers and managing security holder communications. Located at Level 5, 126 Philip St, Sydney NSW 2000.
- Catalyst MetalsadjacentCatalyst Metals operates the Plutonic Processing Plant, located only 60km from Corazon's Two Pools Gold Project, representing a potential nearby processing option in the Plutonic-Marymia Greenstone Belt.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Corazon Mining competitors and assessment
Company assessmentEmerging players
- Panther Metals: ASX-listed junior explorer with nickel-cobalt and gold projects in Australia. Similar micro-cap profile and battery/precious-metals commodity mix to Corazon; useful as a peer for valuation benchmarking of small Australian juniors.
- Geopacific Resources: ASX-listed gold and base-metals junior with projects in Papua New Guinea and Australia. Comparable micro-cap, multi-jurisdiction exploration profile; Corazon director Warrick Clent was previously Country Manager (PNG) at Geopacific.
- Raiden Resources: ASX-listed gold and base-metals junior with projects in Australia and the Balkans. Comparable micro-cap exploration profile to Corazon; Corazon director Warrick Clent was previously COO at Raiden.
Direct peers
- Leeuwin Metals: ASX-listed junior explorer focused on nickel-copper-cobalt sulphide assets in Canada and Australia. Comparable commodity mix, jurisdiction profile, and stage of development to Corazon; Corazon NED Scott Williamson is also a NED at Leeuwin.
- Blackstone Minerals: ASX-listed nickel-copper-cobalt sulphide explorer with Canadian (BC) and Australian assets. Highly comparable to Corazon's Lynn Lake asset; Corazon NED Scott Williamson was previously MD of Blackstone, underscoring direct comparability.
- Kali Metals Ltd: ASX-listed critical minerals explorer (lithium-focused, with growing battery-metals portfolio). Comparable ASX-listed junior exploration stage and battery-metals thematic; Corazon MD Simon Coyle is a NED at Kali.
Broad incumbents
- IGO Limited: Major ASX-listed critical minerals producer (nickel, lithium, copper, cobalt) and Corazon's strategic partner via the March 2026 agreement. Provides a benchmark for the scale Corazon could reach and a credible potential acquirer/partner.
Regional players
- Catalyst Metals: ASX-listed gold producer operating the Plutonic Processing Plant, located only 60km from Corazon's Two Pools Gold Project. Comparable WA gold-belt focus; represents the most logical nearby processing option for any Two Pools ore.
- Westgold Resources: ASX-listed mid-tier gold producer with operations in Western Australia including the Bryah-Padbury Basin (adjacent to Corazon's Feather Cap project). Represents a potential acquirer and demonstrates the regional scale Corazon's WA gold assets could reach.
Others
- Brazilian Rare Earths Ltd: ASX-listed critical minerals junior. Comparable listed exploration-stage profile and ASX retail/institutional investor base to Corazon; Corazon chair Kristie Young is also a NED at Brazilian Rare Earths.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Corazon Mining social profiles
Digital presenceCorazon Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Corazon Mining leadership team
Management profileNumber of profiles
Profiles5 records
Corazon Mining funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Corazon Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Corazon Mining
What does Corazon Mining do?
Corazon Mining Limited (ASX: CZN) is a pre-revenue Australian mineral exploration company focused on identifying and advancing high-grade deposits of gold, nickel, copper and cobalt across a portfolio of four projects: the Two Pools Gold Project and Feather Cap Gold Project in Western Australia, the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada, and the Mt Gilmore Cobalt-Copper-Gold Project in New South Wales. The company funds exploration activities through equity capital raises on the ASX and is not currently generating operating revenue.
Is Corazon Mining a public or private company?
Corazon Mining is a public company. It is classified as public and is currently operating.
When was Corazon Mining founded?
Corazon Mining was founded in 2005. It employs 1 to 10 people.
Where is Corazon Mining based?
Corazon Mining is headquartered in Subiaco, Australia, in the Oceania region.
How does Corazon Mining make money?
One revenue line is on record: pre-revenue mineral exploration.
Who are Corazon Mining's main competitors?
Emerging players on record are Panther Metals, Geopacific Resources and Raiden Resources. Direct peers are Leeuwin Metals, Blackstone Minerals and Kali Metals Ltd. IGO Limited is listed as a broad incumbent. Regional players are Catalyst Metals and Westgold Resources. Brazilian Rare Earths Ltd is listed as an others.
Does Corazon Mining have an API?
No public API is recorded for Corazon Mining.
What industry is Corazon Mining in?
Corazon Mining's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKAKAB, Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger). Its NAICS code is 21222 and its SIC code is 1000.