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Corazon Mining Limited (ASX:CZN)

ALERT: Price-sensitive ASX Announcement for CZN
Current share price for CZN : $0.099 0.019 (23.75%)+
Announcement
Release
29 Jul 2026 8:19AM
Price at Release
$0.080
Full Release
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Summary
Corazon Mining Limited has released its Quarterly Activities Report for the period ending 30 June 2026, emphasizing their strategic developments in Western Australia. The company made significant progress by securing shareholder approval for the acquisition of the Chalice Gold Project in the Higginsville district, which includes a JORC 2012 Mineral Resource of 191,000 ounces of gold. This acquisition aligns with Corazon's strategy to establish a multi-asset gold platform in Western Australia and was funded through a $16.5 million placement. In exploration, Corazon completed maiden drilling at the Two Pools Gold Project, confirming a coherent gold system, and identified new drilling targets at the Feather Cap Gold Project after completing heritage surveys. The company also strengthened its management team with new appointments and improved its financial position with over $1.4 million in cash as of 30 June 2026.
Key Points
  • Corazon Mining secured shareholder approval for Chalice Gold Project acquisition.
  • Chalice hosts a 191,000oz JORC 2012 Mineral Resource.
  • A $16.5 million placement was completed to fund the acquisition.
  • First drilling results at Two Pools confirmed a gold system.
  • New drill targets identified at Feather Cap following heritage survey.
  • Company strengthened management team and improved cash position.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.