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Corazon Mining Limited (ASX:CZN)

ALERT: Price-sensitive ASX Announcement for CZN
Current share price for CZN : $0.078 -0.087 (-52.73%)+
Announcement
Release
29 Oct 2025 12:51PM
Price at Release
$0.165
Full Release
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Summary
Corazon Mining Limited's Quarterly Activities Report for the period ending 30 September 2025 highlights several strategic initiatives and activities. The company focused on acquiring and expanding its high-grade Two Pools Gold Project in Western Australia, situated in the Plutonic-Marymia greenstone belt. This includes a binding agreement to purchase the project and a new tenement application to increase exploration potential. Additionally, Corazon secured an option to acquire 80% of the Feather Cap Gold Project, identifying multiple drill targets. Financially, Corazon ended the quarter with A$262,000 in cash and later raised A$2.0 million from investors to fund exploration activities. The company plans to continue exploring and developing its gold projects while also engaging in strategic evaluations for other assets.
Key Points
  • Acquisition and expansion of Two Pools Gold Project in Western Australia.
  • New tenement application to increase exploration potential at Two Pools.
  • Option to acquire 80% of Feather Cap Gold Project with identified drill targets.
  • Quarter-end cash balance of A$262,000; raised A$2.0 million post-quarter.
  • Continued focus on strategic evaluations and exploration program development.
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.