Corazon Mining Limited (AU:CZN)
ASX:CZN
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Corazon Mining Limited
(Sydney:CZN)
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Rating:52Neutral
Price Target:
AU$0.15
â–²(4.29% Upside)
Action:ReiteratedDate:02/03/26
The score is held back primarily by the lack of operating revenue and ongoing losses with persistent cash burn, despite some recent improvement. Offsetting this is a debt-free balance sheet that reduces financial risk, while technicals are modestly supportive with the price above key short-term moving averages and neutral-to-positive momentum. Valuation contributes limited support due to a negative P/E and no dividend yield.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially lowers insolvency and interest-rate risk for an exploration company. It preserves flexibility to fund exploration via equity or JV arrangements, extends operational runway without fixed obligations, and improves resilience during prolonged commodity cycles.
Negative Factors
No operating revenue (FY2022–FY2025)
The absence of operating revenue means the business model currently has no cash-generating operations. Long-term viability depends on raising capital, asset sales or discovery-led project monetisation, which increases funding and execution risk and leaves valuation driven by exploration outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially lowers insolvency and interest-rate risk for an exploration company. It preserves flexibility to fund exploration via equity or JV arrangements, extends operational runway without fixed obligations, and improves resilience during prolonged commodity cycles.
Read all positive factors
Corazon Mining Limited (CZN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.40M
Dividend YieldN/A
Average Volume (3M)118.08K
Price to Earnings (P/E)―
Beta (1Y)0.08
Revenue GrowthN/A
EPS Growth69.66%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding73,562,020
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 engages in the exploration and development of mineral resources. It primarily explores for nickel, cobalt, copper, and gold. The company's flagship project is its 100% owned Lynn Lake Nickel-Copper-Cobalt Sulphide Project lo...
How the Company Makes Money
Corazon Mining Limited does not have publicly available information confirming recurring operating revenue from mineral production; as an exploration-stage company, it typically does not generate material sales revenue until a project reaches deve...
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% | |
52 Neutral | AU$11.40M | -1.24 | -7.72% | ― | ― | 69.66% | |
47 Neutral | AU$13.45M | -6.99 | -23.12% | ― | ― | 83.93% | |
46 Neutral | AU$8.45M | -0.83 | -284.59% | ― | ― | -123.53% | |
44 Neutral | AU$2.85M | -3.26 | -43.09% | ― | ― | -200.00% | |
42 Neutral | AU$4.53M | -1.02 | -380.56% | ― | ― | 24.09% | |
| ― | AU$4.73M | -5.50 | -26.98% | ― | ― | 4.35% |
* Basic Materials Sector Average
AU:CZN
Corazon Mining Limited
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-27.91%
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Corazon Mining Limited Corporate Events
Corazon Starts Maiden Diamond Drilling at High-Grade Two Pools Gold Project
Mar 25, 2026
Corazon Mining has commenced its maiden diamond drilling program at the high-grade Two Pools Gold Project in Western Australia after securing final heritage approvals and mobilising contractors to site. The program, comprising four holes for about...
Corazon Mining Expands Plutonic Marymia Footprint With IGO Land Deal
Mar 17, 2026
Corazon Mining has moved to substantially expand its landholding in the Plutonic Marymia Greenstone Belt, securing the right to apply for exploration licences that will lift its footprint in the region to about 537 square kilometres. The new conti...
Corazon Mining Director Alters Equity Holding Through ZEPO Conversion
Mar 15, 2026
Corazon Mining Limited has disclosed a change in the interests of director Kristie Young, reflecting adjustments to securities held directly and indirectly through her partner, David True. The filing shows the conversion of 500,000 zero exercise p...
Corazon Mining Director Increases Shareholding via Option Conversion
Mar 15, 2026
Corazon Mining Limited has reported a change in the interests of director Simon Coyle, reflecting an internal rebalancing of his equity position in the company. The update details that Coyle, through the Coyle Family Account in which he has a bene...
Corazon Mining Issues 2.9 Million Shares to Directors Under Option Plan
Mar 15, 2026
Corazon Mining Limited has issued 2,900,000 new fully paid ordinary shares to its directors and company secretary following the exercise of vested zero exercise price options, with the new shares ranking equally with existing stock. The company co...
Corazon Mining Seeks ASX Quotation for 2.9 Million New Shares
Mar 15, 2026
Corazon Mining Limited has applied for quotation of 2,900,000 new ordinary fully paid shares on the Australian Securities Exchange. The shares, issued on March 16, 2026, arise from the exercise or conversion of existing options or other convertibl...
Corazon Mining Signs Drill Contract for Maiden Two Pools Gold Program in WA
Mar 10, 2026
Corazon Mining has signed a diamond drilling contract with K-Drill to launch its maiden drilling campaign at the wholly owned Two Pools Gold Project in Western Australia, marking the first diamond drilling ever undertaken at the site. The four-hol...
Corazon Mining Details Governance Framework in Half-Year Report
Mar 6, 2026
Corazon Mining Limited has released its half-year report for the financial period ended 31 December 2025, outlining the company’s corporate structure and key governance roles. The report highlights its board and executive leadership, registe...
Corazon Mining Director Increases Shareholding After Approved Placement
Mar 3, 2026
Corazon Mining Limited has reported a change in the interests of director Kristie Young, detailing an increase in both her direct and indirect holdings in the company. Following a share placement approved at a general meeting on 23 February 2026, ...
Corazon Mining Director Increases Indirect Shareholding via Placement
Mar 3, 2026
Corazon Mining has reported a change in director Simon Coyle’s indirect interest in the company’s securities, following his participation in a recent capital raising. Through the Coyle Family Account, in which he has a beneficial inter...
Corazon Mining Issues 500,000 New Shares to Directors Under Approved Placement
Mar 3, 2026
Corazon Mining Limited has issued 500,000 new fully paid ordinary shares to directors and their nominees, following participation in a previously announced placement and subsequent shareholder approval. The company confirmed that the shares were i...
Corazon Mining Seeks ASX Quotation for Additional 500,000 Shares
Mar 3, 2026
Corazon Mining Limited has applied to the ASX for quotation of 500,000 new ordinary fully paid shares, scheduled for issue on 3 March 2026. The modest increase in quoted securities, issued under a previously announced transaction, marginally expan...
Corazon Mining shareholders back all resolutions at general meeting
Feb 23, 2026
Corazon Mining Limited has reported that all resolutions presented at its recent general meeting of shareholders were passed by poll, reflecting strong investor support for the company’s recent capital management initiatives. The approved it...
Corazon Mining Lists 7.5 Million New Shares on ASX
Feb 4, 2026
Corazon Mining said 7.5 million fully paid ordinary shares issued in December 2025 will now be quoted on the ASX, expanding the free float after option exercises. The additional liquidity underscores continued investor interest in the company̵...
Corazon Issues Shares Under Two Pools Gold Project Land Access Deal
Feb 3, 2026
Corazon Mining Limited has issued 500,000 fully paid ordinary shares to a nominee of the Marputu Aboriginal Corporation RNTBC as consideration linked to its previously announced land access agreement for the Two Pools Gold Project area. The compan...
Corazon Mining to List 500,000 New Shares Under Land Access Agreement
Feb 3, 2026
Corazon Mining Limited has applied for the quotation of 500,000 new ordinary fully paid shares on the ASX, to be issued under the ticker CZN. The securities are being issued to the Marputu Aboriginal Corporation in accordance with a Land Access Ag...
Corazon Mining Bolsters Cash Position with Equity Raise Amid Ongoing Exploration Spend
Jan 28, 2026
Corazon Mining Limited reported its quarterly cash flow for the period ended 31 December 2025, showing net operating cash outflows of A$272,000 driven mainly by exploration, staff, and corporate costs. The company recorded modest net investing inf...
Corazon Mining Accelerates WA Gold Strategy With Two Pools Acquisition and New Funding
Jan 28, 2026
In the December 2025 quarter, Corazon Mining finalised the acquisition of the high-grade Two Pools Gold Project in Western Australia’s Gascoyne region, secured key exploration tenements and land access, and advanced planning for a maiden dri...
Corazon Mining Sets February 2026 General Meeting, Moves to Digital Notices
Jan 23, 2026
Corazon Mining Limited has called a general meeting of shareholders to be held in Perth on 23 February 2026, with meeting materials made available electronically via the company’s website and ASX announcements page in line with its policy of...
Corazon Mining Calls February 2026 Meeting to Ratify Capital Raisings and Approve New Securities
Jan 23, 2026
Corazon Mining Limited has called a general meeting of shareholders for 23 February 2026 in Perth to seek approval and ratification of several recent and proposed equity issuances. Shareholders will be asked to ratify prior placements of a total o...
Corazon Mining Director Simon Coyle Increases Indirect Shareholding
Jan 15, 2026
Corazon Mining Limited has disclosed a change in the interests of director Simon Coyle, who has increased his indirect holding in the company through the Coyle Family A/C. On 15 January 2026, Coyle acquired 125,000 fully paid ordinary shares via a...
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.
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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.