EXPLORE WHO CORO MINING IS

About Coro

Coro Mining is a Canadian-quoted copper exploration company focused on exploring and developing new sources of copper to supply an increasing global demand for this essential commodity.

Our vision is to create significant value for our shareholders and stakeholders by realizing the full potential of our flagship Chilean asset Marimaca in Chile’s Antofagasta Region, which has the promise to become one of the most significant copper‐oxide discoveries in recent years.

With a lack of new copper exploration discoveries in Chile the growing Marimaca resource is likely to make it a sought-after development project as it is situated in the coastal belt at low elevation close to Antofagasta and Mejillones. Marimaca would benefit from nearby existing infrastructure including roads, powerlines, ports, a sulphuric acid plant, a skilled workforce and seawater.

Managed by a team of highly experienced professionals in exploration, development, operations and capital markets, Coro is committed to the highest standards of governance, environmental stewardship and corporate social responsibility.

The Company’s shares are quoted on the Toronto Stock Exchange (TSX) under the symbol COP.

Why Chile?

Chile is the world’s largest copper producer and exporter, accounting for approximately 20% of annual mine production. Industrial-scale copper production began in the early 1900’s and Chile has since built up an established industrial and commercial infrastructure as it became the world’s leading producer of copper.

This includes significant infrastructure and a copper mining cluster of technical and professional services which Coro will be able to benefit from as it continues to advance its Marimaca project. With the project located in the coastal belt at low elevation close to Antofagasta and Mejillones, its future development would benefit from nearby existing infrastructure including roads, powerlines, ports, a sulphuric acid plant, a skilled workforce and seawater.

Ranked 6th in the 2018 global Overall Investment Attractiveness Index by the Fraser Institute, Chile is one of the world’s low-risk mining jurisdiction with a clear legal framework, a supportive government and administration as well as an abundance of available skills and labor.

A geographically varied country, Chile is rich in mineral deposits, natural forests, sea resources and energy sources. With a population of approximately 18 million, the country is considered South America’s most economically stable and prosperous nation.

Why Copper?

Demand for copper is forecast to be strong over the medium to long-term due to population growth, urbanization, electrification and potentially new demand related to an increase in uptake of electric vehicles, electrical vehicle infrastructure and renewable energy technologies. On the supply side, a deficit is forecast in the coming years due to declining production, an absence of new mines coming on stream, the deteriorating quality of new resources and a lack of large-scale exploration successes to replace depleting copper reserves.

Coro’s management believes the Marimaca project has the potential to become one of the most significant open-pittable copper oxide deposits discovered in Chile in recent times and as it advances towards development the project will benefit from these positive supply fundamentals, a consequent improvement in the copper price and copper project valuations.

Objectives & Strategy

Coro Mining is committed to creating value for our shareholders and stakeholders by unlocking the full potential of the Marimaca project. This will be achieved by delivering on our objectives and strategy.

Objective Strategy
Ownership 100% ownership across the Marimaca project area Shift from control to ownership with property stakeholders
Resources Establish resource for oxides and understand potential of sulphides Phase II exploration program to determine resource and optionality
Create and Deliver Value As the scale of the project is defined, develop plans to optimize the value Realize geological, geographical, capital and risk premiums
Stewardship Establish a strong social license to operate Implement high standards of environmental, social responsibility and governance

Why Invest?

Marimaca is an attractive deposit

Marimaca has the potential to be one of the best and most sought-after open-pittable copper oxide deposits discoveries in Chile in recent times
Well-funded with a clearly defined exploration program to increase Marimaca’s resource base
Marimaca benefits from an unrivalled location which includes installed infrastructure in a tier one mining jurisdiction

Copper is the right commodity

Positive copper market fundamentals will benefit the development of Marimaca as supply tightens and prices look set to increase
Strong copper demand outlook due to population growth, electrification and urbanization
Forecast supply deficit coming due to declining production at existing mines and a lack of major new discoveries

Coro set for growth

Realigned corporate structure with a new shareholder, board & management team
Recapitalized to enable focus on delivering value from Marimaca
Potential to drive short-term value with longer-term optionality

Leadership

Coro Mining is managed by a team of highly-experienced professionals in the fields of exploration, development, operations as well as the capital markets.

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Governance

Strong corporate governance is essential in today’s business environment. Consistent with National Policy 58-201 in Canada, the Board has:

  1. An Independent Director as the Chairman of the Board;
  2. A written mandate which outlines the specific responsibilities for stewardship of the Company, and;
  3. Adopted a written mandate for each of its Committees; Audit, Compensation and Corporate Governance.

The Company has also adopted the recommendations of Multilateral Instrument 52-110 for Audit Committees and as part of these recommendations has established a whistle-blower policy.

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Careers

If you have the ambition to grow, if you can overcome challenges, work as a team player, like to contribute new ideas and have a positive attitude, come join us at Coro!

We are a Canadian copper exploration company in Chile that operates with a sustainable mining model, based on the principles of quality, safety and value of people and their ideas.

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ESTMA Reports

The Extractive Sector Transparency Measures Act (the Act) was enacted on December 16, 2014, and brought into force on June 1, 2015. The Act delivers on Canada's international commitments to contribute to global efforts to increase transparency and deter corruption in the extractive sector by requiring extractive entities active in Canada to publicly disclose, on an annual basis, specific payments made to all governments in Canada and abroad.

Excerpt from Natural Resources Canada website.

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