A Deep Value Copper-Gold Company in South America September 2010 SEPT 01, 2010
Forward Looking Statements This presentation includes certain forward-looking statements about future events and/or financial results which are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements t t include without t limitation, it ti statements t t regarding the company s plans, goal or objectives and future completion of mine feasibility studies, mine development programs, capital and operating costs, production, potential mineralization, resources and reserves, exploration results and future plans and objectives of Coro Mining Corp. Forward-looking statements can generally be identified by the use of forward-looking terminology such as may, will, expect, intend, estimate, anticipate, believe, or continue or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause results to differ materially from expectations include risks associated with mining generally and pre-development stage projects in particular. The company is an early stage mineral resource exploration company with no mineral projects that have been proven to be economic. Many references to resources and other geological and technical information contained herein have not been verified by an independent expert and are either not in accordance with the requirements under National Instrument 43-101 or have not been prepared in accordance with a preliminary or final feasibility study. The contents of this presentation is for informational purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein. Potential investors should conduct their own investigations as to the suitability of investing in securities of Coro Mining Corp. www.coromining.com 2
Share Information Exchange Symbol Share price (10/15/10) Shares Issued Shares Fully Diluted Market Capitalization (issued) Cash (Sept 30, 2010) TSX COP C$0.58 104 million 147 million C$60 million C$2.5 million Major Shareholders: Benton Resources 36%, Dundee 12%, Management 7% www.coromining.com 3
Investment Highlights San Jorge Copper-Gold Project, Argentina - M&I resource of 2.1 billion lbs copper and 1.2 million ozs gold - After-tax NPV(10%) of $677 million at $1,000/oz Au and $3/lb Cu - EIS approval expected by end of 2010 Cerro Chacay Copper Project, Chile - Porphyry copper deposit, 12km SE of Teck s Relincho Cu-Mo deposit - Drilling to date has intercepted significant secondary copper mineralization - Titan 24 IP survey carried out in 2010 has defined targets at depth Portfolio of high h quality exploration properties in Chile 15% stake Valley High Ventures (VHV) with market value $7.3 million www.coromining.com 4
San Jorge Cu-Au Project, Argentina www.coromining.com 5
San Jorge Cu-Au Project; Location & Infrastructure Located in NW portion of the Province of Mendoza, Argentina g 110 km NW of commercial centre of Mendoza and 250km NE of Santiago, g, Chile 45km from International Highway at community of Uspallata p on all weather road Low elevation and flat terrain Water available on property www.coromining.com 6
San Jorge Cu-Au Project; In Pit Resources Ore Type Tonnes (0.30% Cu cutoff) Class (million) (%) (g/t) (million lbs) (000 ozs) Enriched Sulphide M&I 26 0.65 0.21 374 177 Primary Sulphide M&I 136 0.43 0.19 1,297 852 Total Sulphide M&I 152 048 0.48 020 0.20 1,671 1,029 Cu Au Cu Au Oxide (Stockpiled) M&I 32 053 0.53 022 0.22 380 228 www.coromining.com 7
San Jorge Cu-Au Project; Cross Section 33m 0.97%CuT + 0.39g/t Au 66m 0.75%CuT + 0.49g/t Au 118m 0.57%CuT ENRICHMENT OXIDE 128m 0.66%CuT + 0.37g/t Au OPEN AT DEPTH Blind AND TO WEST Porphyry? BELOW 150M? High Grade Potassic core?? 76m 1.00%CuT + 0.50g/t Au PRIMARY SULPHIDES 121m 0.69%Cu T 22m 0.97%CuT + 0.17g/t Au San Jorge: Cross Section 2925N 100m www.coromining.com 8
San Jorge Cu-Au Project; PEA April 2008 Mid-size conventional flotation copper project with gold byproduct Mine life 16 years Pre production Capital (+/- 30%) $277 million Total copper production 1,393,000,000 lbs Total gold production 629,000 ozs Avg annual copper production 88,160,000 lbs Avg annual gold production 40,000 ozs Cash cost (yrs 1-5) $0.91 lb Gold credit $0.22 lb Net cash cost $0.69 lb Copper Recovery 90% Gold Recovery 74% Strip ratio (w/o) 1.87 www.coromining.com 9
San Jorge Cu-Au Project; Process Schematic Plant capacity 10 million tonnes per year www.coromining.com 10
San Jorge Cu-Au Project; Project Sensitivities (After Tax) After-tax NPV(10%) of $677 million at $1,000/oz Au and $3/lb Cu $1,000 $900 Illustrative Only from Internal Company Models.Actual results may differ. $800 $700 NPV (@10%) (000's) $600 $500 $400 $300 $200 Au $600/oz Au $800/oz Au $1000/oz Au $1,200/oz $100 $0 $1.65 $2.00 $2.25 $2.50 $2.75 $3.00 $3.25 $3.50 Au $600/oz $82 $220 $318 $415 $513 $610 $708 $805 Au $800/oz $116 $253 $351 $449 $546 $644 $741 $838 Au $1000/oz $150 $287 $384 $482 $580 $677 $775 $872 Au $1,200/oz $183 $320 $418 $515 $613 $711 $808 $905 Copper Price per pound www.coromining.com 11
San Jorge Cu-Au Project; Environmental Impact Study (EIS) EIS Submitted for Approval OCT 08 EIS Accepted for Evaluation MAR 09 UTN Appointed for Technical Review APR 09 UTN Completes Independent Evaluation SEPT 09 Sectoral Review FEB 10 Formal Public Meeting OCT 26, 10 Ministerial Approval Pending Provincial Ratification (EIS Approval) Pending Key points: Las Heras Department is a Pro-Mining Department of the Province Land rights secured - Coro owns 120,000 hectare ranch Limited or no competing agricultural interests Low population density No competition for water resources from agricultural activities Nearest community, Uspallata (~5,000 people) is 45 km to south Coro has successfully engaged g with the local community and all levels of government over the past 2 years in order to gain support for the project www.coromining.com 12
San Jorge Cu-Au Project; Project Timeline PRE-PRODUCTION PRODUCTION 07 08 09 10 11 12 13 14 15 16 17 18 19 20 26 27 28 29 30 Project Acquisition Resource Estimate PFS - Leach PEA - Concentrate EIS Approval PFS / DFS Proc & Construction Start Up Production www.coromining.com 13
San Jorge Cu-Au Project; Oxide Ore & Exploration Upside Resource Expansion (Deposit open to west and at depth) Drilling D illi completed l t d in i Q308 for f geotechnical t h i l purposes intersected primary mineralization in two holes outside of resource model. - 79 meters @1.39% CuT+ 0.55 g/t Au Additional resources defined on west side may reduce overall strip ratio & increase overall resource Oxide Stockpile (380 million lbs contained Cu) Exploration Upside Area around San Jorge has seen limited exploration www.coromining.com 14
Chacay Cu Project, Chile www.coromining.com 15
Chacay Cu Project; Overview A 100% owned property subject to 2% NPI 2km SE of Teck Resources Relincho Property. Prior drilling conducted d by BHP and Anglo American (assays unavailable) and First Quantum Minerals (FQM) FQM completed mapping, sampling & 7 shallow RC holes in 2005. FQM holes intersected mineralization, including 76m @ 0.45%CuT & 26m @ 0.53%CuT. FQM / Coro holes indicate very good copper solubility. Coro completed a two phased 9-hole (2,028m) drill program in Dec 2009 and Mar 2010 with significant intercepts of a secondary chalcocite enrichment blanket. The Nacho Zone, occupies an area of approximately 900m x 850m with chalcocite enrichment blanket between 20m and 100m thick. www.coromining.com 16
Chacay Cu Project; Location Relincho Purchased by Teck in Aug 2008 for US$450m 43-101 indicated resources: Sulphide of 498mt @ 0.47%Cu + 0.023%Mo Oxide of 56mt @ 0.41%Cu 43-101 inferred resources: p of 378mt @ Sulphide 0.43%Cu + 0.023%Mo www.coromining.com 17
Chacay Cu Project; Drilling Recent Drill Holes Hole TD From To m %CuT CHCRC02 234 14 42 28 051 0.51 CHCRC05 198 190 198 8 0.56 CHCRC06 220 82 160 78 0.44 CHCRC08 250 160 208 48 020 0.20 CHCRC09 330 236 324 88 0.47 CHCRC10 224 138 194 56 0.15 CHCRC13 234 112 234 122 077 0.77 CHCRC14 174 68 96 28 0.53 CHCRC15 204 120 184 64 0.55 No Significant results in the following holes CHCRC01,03,04,07,11,12 www.coromining.com 18
Chacay Cu Project; Titan 24 Induced Polarization NW Co Colorado Co Chacay SE Enrichment Blanket Lucho Martin Nacho www.coromining.com 19
Exploration Portfolio Celeste Copper Project, Chile - Early stage, 2,876 hectares contiguous with Cerro Negro IOCG deposit Llancahue Copper-Molydenum Project, Chile - Porphyry and breccia zone target -Drilling includes 100m 1.38%Cu, 0.0015% Mo, 3.8 g/t Ag Pocillas Gold Project, Chile -Early stage, low sulphidation up epithermal gold god target Gloria Copper Project, Chile - Early stage, prospective land position Valley High Ventures Ltd. (15% equity ownership) www.coromining.com 20
Management Alan Stephens Michael Philpot Damian Towns Marcelo Cortes Angelo Peri President and CEO (Director) Executive VP, Corporate Secretary (Director) Chief Financial Officer VP Project Development VP Exploration Independent Director Weatherly International Plc (Current) Chairman of Valley High Ventures (Current) Former VP Exploration First Quantum Minerals Former Exploration Manager Cyprus Amax Former Exec. VP First Quantum Minerals Former Exec./ Director Various TSX /TSE Companies Current CFO Valley High Ventures, Former CFO CanAlaska Uranium, Former Controller, First Quantum Minerals, Former PwC Audit Manager Former Manager Infrastructure Antofagasta Minerals Former Project Engineer for Los Bronces &, Minera Disputada of Las Condes Former Hydraulic Discipline Lead for Minera Michilla S.A Former Construction Lead for EPC Contract El Tesoro Mine Former Project Lead for El Tesoro expansion project. Former Business Manager CVRD Chile Former Exploration Manager Chile & Peru Phelps Dodge Former Project Geologist Cyprus Amax www.coromining.com 21
Board of Directors Robert Watts Chairman 40 years of Industry Experience Former CFO Placer US Alvin Jackson Independent 35 years of Industry Experience Former CEO Eurozinc Rod Webster Independent 30 Years of Industry Experience CEO Weatherly International Gordon Fretwell Non-Executive Director Practicing Solicitor, with over 20 years of experience primarily in resources and securities law Alan Stephens Executive Director See management summary Michael Philpot Executive Director See management summary www.coromining.com 22
Why invest in Coro? San Jorge Copper-Gold Project, Argentina - M&I resource of 2.1 billion lbs copper and 1.2 million ozs gold, w/ upside - After-tax NPV(10%) of $677 million at $1,000/oz Au and $3/lb Cu - Pending EIS approval will provide near term catalyst Cerro Chacay Copper Project, Chile - Near Teck s multi-billion pound Relincho Cu Mo deposit - Secondary enrichment zone and deep IP sulphide targets will be drilled in the coming months Exploration portfolio in Chile to feed growth profile Deep Value market capitalization of $60 million www.coromining.com 23