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Corazon Mining Limited
(Sydney:CZN)
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Rating:43Neutral
Price Target:
AU$0.09
â–¼(-32.86% Downside)
Action:Reiterated
Date:07/08/26
The score is held down primarily by weak financial performance (no revenue, continued losses, and ongoing cash burn) and bearish technical conditions (price below key moving averages with negative MACD and very weak momentum). Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Conservative, debt-free balance sheet
A debt-free structure materially reduces corporate-finance risk and interest exposure, giving management optionality to fund exploration or pursue joint ventures without immediate debt servicing pressure. That durability supports runway and partner negotiations over the next 2–6 months.
Negative Factors
No operating revenue
Zero operating revenue means the business does not currently generate cash from operations and relies on external funding to progress exploration. That dependence increases dilution or transaction pressure and reduces visibility on eventual commercial viability for at least 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative, debt-free balance sheet
A debt-free structure materially reduces corporate-finance risk and interest exposure, giving management optionality to fund exploration or pursue joint ventures without immediate debt servicing pressure. That durability supports runway and partner negotiations over the next 2–6 months.
Read all positive factors
Corazon Mining Limited (CZN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$22.95M
Dividend YieldN/A
Average Volume (3M)118.08K
Price to Earnings (P/E)―
Beta (1Y)0.70
Revenue GrowthN/A
EPS Growth82.28%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding239,020,170
10 Day Avg. Volume118,085
30 Day Avg. Volume118,085
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.09
Price to Sales (P/S)0.00
P/FCF Ratio-0.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Corazon Mining Limited Business Overview & Revenue Model
Company Description
Corazon Mining Limited specializes in the exploration and development of mineral deposits, with a primary focus on nickel, cobalt, copper, and gold. Its key asset is the wholly-owned Lynn Lake Nickel-Copper-Cobalt Sulphide Project, situated in Man...
How the Company Makes Money
Corazon Mining Limited’s earnings model is tied to the outcomes of mineral exploration and the monetisation of mineral interests rather than recurring sales of finished products. Material revenue may be generated if the company sells a project/ten...
Corazon Mining Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -500.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.67K |
| Gross Profit | -500.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.67K |
| EBITDA | -1.90M | -287.61K | -384.26K | -414.04K | -653.03K | -308.00K |
| Net Income | -1.50M | -1.02M | -2.67M | -673.00K | -1.57M | -830.00K |
Balance Sheet | ||||||
| Total Assets | 23.48M | 15.66M | 15.58M | 17.91M | 18.67M | 7.01M |
| Cash, Cash Equivalents and Short-Term Investments | 3.50M | 648.74K | 1.20M | 2.49M | 7.92M | 638.11K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 186.83K | 155.01K | 217.31K | 670.48K | 735.52K | 133.13K |
| Stockholders Equity | 23.30M | 15.51M | 15.36M | 17.24M | 17.94M | 6.87M |
Cash Flow | ||||||
| Free Cash Flow | -1.44M | -2.27M | -2.61M | -5.41M | -5.35M | -3.07M |
| Operating Cash Flow | -761.60K | -694.15K | -482.39K | -912.95K | -914.02K | -783.40K |
| Investing Cash Flow | -321.55K | -1.23M | -1.13M | -4.49M | -4.44M | -2.29M |
| Financing Cash Flow | 3.45M | 1.37M | 319.60K | -24.26K | 12.63M | 3.17M |
Corazon Mining Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$7.82M | -17.77 | -5.13% | ― | ― | 84.39% | |
44 Neutral | AU$9.08M | 8.26 | 4.51% | ― | ― | ― | |
43 Neutral | AU$22.95M | -2.22 | -7.72% | ― | ― | 82.28% | |
43 Neutral | AU$8.14M | -2.69 | 110.58% | ― | ― | 90.94% | |
41 Neutral | AU$8.62M | -1.04 | -32.39% | ― | ― | 60.05% | |
| ― | AU$10.13M | -4.24 | -0.03% | ― | ― | 33.52% |
* Basic Materials Sector Average
AU:CZN
Corazon Mining Limited
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Corazon Mining Limited Corporate Events
Corazon Mining director Scott Williamson increases indirect shareholding
Jul 12, 2026
Corazon Mining Limited has reported a change in the indirect holdings of director Scott Williamson, reflecting an increase in his beneficial interest in the company’s fully paid ordinary shares. The disclosure aligns with ASX listing rules r...
Westgold Completes Chalice Gold Project Sale to Corazon, Finalising $200m Asset Program
Jul 8, 2026
Westgold Resources Limited has completed the divestment of its Chalice Gold Project to Corazon Mining Limited, receiving $8 million in cash and a 19.9% equity stake in Corazon valued at about $4.6 million, plus up to $11 million in deferred paymen...
Corazon seals Chalice Gold deal, accelerates WA growth push
Jul 8, 2026
Corazon Mining Limited has completed the acquisition of 100% of the Chalice Gold Project from Westgold Resources in Western Australia’s Higginsville district, its third WA gold project purchase in under a year. The project carries an existin...
Corazon Mining Seeks ASX Quotation for 47.6 Million New Shares
Jul 8, 2026
Corazon Mining Limited has applied for quotation of 47,600,000 new ordinary fully paid shares on the ASX, with an issue date of July 8, 2026. The move expands the company’s listed securities base, potentially enhancing liquidity for sharehol...
Corazon Mining Director Scott Williamson Increases Indirect Shareholding via Placement
Jul 7, 2026
Corazon Mining Limited has disclosed a change in the securities held indirectly by director Scott Williamson, in line with ASX requirements for director interest notices. The update outlines adjustments to his holdings through family-related entit...
Corazon Mining Updates Director Interest After Share Placement
Jul 7, 2026
Corazon Mining Limited has reported a change in director Kristie Young’s relevant interests, reflecting additional share acquisitions by her partner, Mr. David True. The update details an increase in his direct holding of fully paid ordinary...
Corazon Mining Director Increases Stake via Share Placement
Jul 7, 2026
Corazon Mining Limited has disclosed a change in director Simon Coyle’s indirect interests, with his beneficial holding in the Coyle Family account increasing through participation in a recent share placement. Coyle acquired 714,286 fully pa...
Corazon Mining appoints geology chief to drive Chalice Gold Project growth
Jul 5, 2026
Corazon Mining has appointed experienced geologist Will Stewart as General Manager – Geology to lead resource development and exploration across its Western Australian gold portfolio. Stewart, who has more than 20 years of technical and corp...
Corazon Mining Issues New Unquoted Broker Options
Jul 3, 2026
Corazon Mining Limited has notified the market of the issue of a new class of unquoted broker options, totaling 9,821,430 securities, effective 3 July 2026. The options are part of previously announced transactions and are not intended to be quote...
Corazon Mining Seeks Quotation for Additional Ordinary Shares
Jul 3, 2026
Corazon Mining Limited has lodged an application with the ASX for quotation of an additional 1,000 ordinary fully paid shares. The small issuance, documented via an Appendix 2A filing, marginally increases the company’s quoted capital base a...
Corazon Mining Seeks ASX Quotation for 117.9 Million New Shares
Jul 3, 2026
Corazon Mining Limited has applied to the ASX for quotation of 117,857,144 new ordinary fully paid shares. The securities, issued on 3 July 2026, expand the company’s quoted share capital and may influence liquidity and ownership structure f...
Corazon Mining Plans Modest Share Placement on ASX
Jul 2, 2026
Corazon Mining Limited has notified the ASX of a proposed issue of up to 1,000 ordinary fully paid shares under a placement or similar equity mechanism. The securities, to be quoted under the ticker CZN, are scheduled for issue on 3 July 2026, ref...
Corazon Mining Files Prospectus to Lift Trading Restrictions on Shares
Jul 2, 2026
Corazon Mining Limited is an Australian resources company listed under ACN 112 898 825, operating in the mining and exploration sector. The company issues and trades ordinary shares as part of its capital management, targeting investors willing to...
Corazon Clears Heritage Path for Maiden Drilling at Feather Cap
Jun 30, 2026
Corazon Mining Limited has completed a heritage survey across key drill target areas at its Feather Cap Gold Project in Western Australia. The work clears a significant approval step, allowing the company to move ahead with a maiden reverse circul...
Corazon Shareholders Back Capital Issuance and Director Share Plans
Jun 29, 2026
Corazon Mining Limited reported that all resolutions put to shareholders at its latest general meeting were passed by poll. The approvals covered the issuance of consideration shares, placement shares, broker options, and director placement shares...
Corazon Mining Director Increases Indirect Shareholding via On-Market Purchase
Jun 2, 2026
Corazon Mining Limited has disclosed a change in the indirect shareholding of director Simon Coyle, reflecting increased equity exposure via the Coyle Family Account in which he has a beneficial interest. Following an on-market trade on 29 May 202...
Corazon Mining Calls 2026 Meeting to Approve Major Equity Issuance
May 29, 2026
Corazon Mining Ltd has called a general meeting of shareholders for 29 June 2026 in West Perth to vote on a series of capital-related resolutions. Eligibility to vote is set for shareholders registered as of the morning of 27 June 2026.Shareholder...
Corazon Mining sets June 2026 general meeting and pushes electronic voting
May 29, 2026
Corazon Mining Limited has called a general meeting of shareholders to be held in West Perth on 29 June 2026, with documentation for the meeting made available online via the company’s website and ASX announcements page. The company is shift...
Corazon Mining Seeks Voluntary Suspension Ahead of Key Update
May 11, 2026
Corazon Mining Limited has requested and been granted a voluntary suspension of trading in its securities on the ASX, effective from 12 May 2026, following an earlier trading halt. The move temporarily removes CZN shares from quotation while the c...
Corazon Mining Issues 1.5 Million New Unquoted Options
May 11, 2026
Corazon Mining Limited has notified the market of the issue of 1,500,000 new unquoted options, effective 11 May 2026. The options represent a new class of unquoted securities that will not be listed on the ASX, indicating the company is using equi...
Corazon Mining Halts ASX Trading Ahead of Drilling Results and Potential Acquisition
May 8, 2026
Corazon Mining Limited has requested a trading halt on its securities on the ASX, effective immediately, as it prepares to release drilling results and details of a potential acquisition. The halt also allows the company to respond to an ASX price...
Corazon Mining Appoints Warrick Clent as Director, Discloses Indirect Shareholdings
May 5, 2026
Corazon Mining Limited has appointed Warrick Clent as a director effective 5 May 2026, in line with ASX listing rule disclosure requirements. According to the initial director’s interest notice, Clent holds no securities directly but has a b...
Corazon Reaffirms High-Grade WA Gold Exploration Credentials at RIU Forum
May 5, 2026
Corazon Mining Limited used its May 2026 investor presentation at the RIU Resources Round Up in Sydney to highlight its high-grade gold discoveries in a well-established Western Australian gold province. The company emphasised that historical expl...
Corazon Mining Bolsters Board and Finance Team for WA Gold Growth Push
May 4, 2026
Corazon Mining has strengthened its leadership team with the appointment of veteran geologist Warrick Clent as a non-executive director, adding more than 30 years of exploration and executive experience across gold, copper-gold, nickel sulphide, a...
Corazon Mining Posts Quarterly Cash Outflow but Maintains Solid Cash Buffer
Apr 28, 2026
Corazon Mining Limited reported a net operating cash outflow of A$203,000 for the March 2026 quarter, reflecting spending on exploration, staff and corporate costs, partially offset by minor interest income and other receipts. The company’s ...
Corazon Mining ramps up Two Pools drilling as it expands Plutonic-Marymia footprint
Apr 28, 2026
Corazon Mining reported a highly active March quarter marked by the start of maiden diamond drilling at its Two Pools Gold Project and the systematic advancement of exploration, approvals and tenure growth across its Western Australian gold portfo...
Corazon Mining Retracts Visual Mineralisation Claims from Two Pools Drilling Update
Apr 22, 2026
Corazon Mining has retracted previous statements about visual mineralisation from its 9 April announcement on the completion of maiden drilling at the Two Pools project, citing the absence of completed assays needed for compliant reporting. The co...
Corazon flags new walk-up gold drill targets at Feather Cap
Apr 14, 2026
Corazon Mining has identified two additional high-priority gold targets at its Feather Cap Gold Project in Western Australia, named Trudgeon Well and Murphy’s Creek, through a systematic review of historical drilling and surface geochemistry...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.