Corazon Mining Limited (AU:CZN)
ASX:CZN
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Corazon Mining Limited
(Sydney:CZN)
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Rating:46Neutral
Price Target:
AU$0.20
â–²(40.00% Upside)
Action:ReiteratedDate:05/09/26
The score is held down primarily by the lack of operating revenue and ongoing losses with continued cash burn, implying reliance on external funding. A debt-free balance sheet provides meaningful risk mitigation, while technicals are mixed (price above key averages but weak momentum). Valuation remains unattractive/unclear due to negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces financial risk for an exploration company, lowering fixed cash outflows and preserving flexibility to pursue drilling, JV or farm-out deals. This structural strength improves survival odds through multiple funding cycles and reduces insolvency risk.
Negative Factors
No operating revenue
Having no operating revenue makes the company reliant on external financing and one-off monetisation events. This structural absence of recurring cash flows increases execution risk: project delays or failed discoveries directly threaten viability and make long-term planning uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces financial risk for an exploration company, lowering fixed cash outflows and preserving flexibility to pursue drilling, JV or farm-out deals. This structural strength improves survival odds through multiple funding cycles and reduces insolvency risk.
Read all positive factors
Corazon Mining Limited (CZN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.71M
Dividend YieldN/A
Average Volume (3M)118.08K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue GrowthN/A
EPS Growth82.28%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
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’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% | |
47 Neutral | AU$17.57M | -6.99 | -23.12% | ― | ― | -12.50% | |
46 Neutral | AU$14.71M | -1.24 | -7.72% | ― | ― | 82.28% | |
46 Neutral | AU$8.63M | -0.83 | -284.59% | ― | ― | -475.00% | |
45 Neutral | AU$7.19M | -1.02 | -380.56% | ― | ― | -38.24% | |
44 Neutral | AU$2.14M | -3.26 | -43.09% | ― | ― | 55.56% | |
| ― | AU$5.91M | -6.00 | -19.97% | ― | ― | 16.67% |
* Basic Materials Sector Average
AU:CZN
Corazon Mining Limited
0.20
-0.01
-6.98%
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Corazon Mining Limited Corporate Events
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...
Corazon Fast-Tracks Assays After Completing Maiden Drilling at Two Pools
Apr 8, 2026
Corazon Mining has completed a four-hole, 995-metre maiden diamond drilling program at its Two Pools gold project in Western Australia, exceeding the planned metreage after extending holes where core warranted. The campaign, completed less than si...
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...
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.