FY2022
Lynn Lake and entitlement funding
Lynn Lake remained the flagship nickel-copper-cobalt project. The 20 April 2022 non-renounceable entitlement issue raised AUD 7.62m; Miriam was acquired through an exercised option on 11 April.
ASX: CZN · Five-year financial review
Corazon Mining Limited (ASX: CZN) - Five-Year Financial Review FY2022-FY2026
Five June year-end annual reports, in Australian dollars unless a table says otherwise. The tables distinguish cash flows, noncash capital movements and dated mineral resource snapshots; share counts and per-share figures require the consolidation note.
Reading the tables: 0 (nil) is a supported zero. Other text distinguishes an amount included in another line, a non-applicable item, a separately unavailable component and an unresolved value. These are not interchangeable. Period-specific detail is labelled; complete year-by-year detail remains available.
FY2026 statutory loss
AUD 7.98m
Includes AUD 5.85m Lynn Lake impairment.
Cash at 30 June 2026
AUD 1.41m
Versus AUD 0.65m at 30 June 2025.
Exploration assets
AUD 15.83m
Carrying value at 30 June 2026.
FY2026 operating cash flow
(AUD 1.46m)
Net cash used in operating activities.
Five years in context
The FY2022 and FY2026 accounting policies identify Australian dollars as the consolidated presentation currency; financial statement dollar amounts are shown here in AUD units.
Corazon moved from a Lynn Lake nickel-copper-cobalt focus and Australian base-metal projects toward Western Australian gold assets. Miriam interests were divested in FY2024 and FY2025, while Two Pools and the Feather Cap option entered the portfolio in FY2026. Chalice completed after the June 2026 year end.
The group remained loss-making and funded its exploration programme mainly with equity. Cash and exploration-asset values should be read alongside successive raisings, the FY2026 Lynn Lake impairment and going-concern material-uncertainty disclosures; the auditor raised a going-concern material uncertainty for FY2023, FY2024 and FY2026.
Events behind the numbers
FY2023
Metallurgy and reduced liquidity
Lynn Lake ore sorting and HydroFloat testwork progressed. Cash at 30 June 2023 was AUD 2.49m following exploration and corporate cash outflows.
FY2024
Miriam partial disposal
An 85% interest in Coolgardie Nickel, holding Miriam lithium and industrial-mineral rights, was divested on 24 May 2024; the accounts recognised a disposal gain.
FY2025
Entitlement issue and portfolio shift
The 23 December 2024 entitlement issue raised AUD 1.55m. The remaining 15% Coolgardie Nickel interest was divested on 19 May 2025.
FY2026
WA gold assets and Lynn Lake impairment
Two Pools completed on 14 October 2025 and the Feather Cap option was secured on 8 October 2025. The FY2026 result includes a AUD 5.85m Lynn Lake impairment. Chalice acquisition completed after year-end, on 9 July 2026.
FINANCIAL REVIEW / 01
Income statement and per-share result
Corazon reported statutory losses throughout the period. FY2026 includes a material noncash Lynn Lake impairment and higher staff costs; FY2024 includes a gain on disposal of a subsidiary interest.
FY2022 published loss per share is (0.26) cents, repeated in later annual history. The AUD (1,569,737) loss and 297,091,842 weighted average shares in the FY2023 comparative note instead imply about (0.53) cents by division. The source does not explain the difference, so the printed figures are retained as an unresolved basis inconsistency.
Statutory loss by year
$
Profit/(loss) for the year (after tax, as presented)
AI-generated presentation · values from Statutory result and comprehensive result; no missing values plotted as zero.
Statutory income and expenses
AUD, unless a row says otherwise
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Other revenue / Other income$ | 10,313 | 215,943 | 236,225 | 283,654 | 52,906 |
| Gain on disposal of interest in subsidiary$ | Not separately presented | 0 (nil) | 1,414,945 | 0 (nil) | Not separately presented |
| Administrative expense$ | (105,192) | (53,226) | (58,390) | (26,395) | (127,749) |
| Compliance and regulatory expense$ | (240,759) | (245,677) | (358,782) | (403,507) | (509,250) |
| Consultancy expense$ | (181,315) | (248,112) | (174,059) | (195,846) | (253,441) |
| Exploration expenditure$ | (639,452) | (38,905) | (3,249,022) | 0 (nil) | (109,802) |
| Impairment of exploration and evaluation assets$ | Not separately presented | Not separately presented | Not separately presented | (72,217) | (5,854,424) |
| Fair value movement on financial assets (through P&L)$ | Not separately presented | Not separately presented | (113,155) | (258,116) | 487,355 |
| Finance costs$ | (47,005) | (14,366) | (1,248) | (4,813) | (9,801) |
| Insurance expense$ | (54,189) | (32,472) | (50,400) | (42,012) | (51,461) |
| Occupancy expense$ | (33,008) | (31,755) | (29,880) | (43,942) | (120,614) |
| Promotional expense$ | Not separately presented | Not separately presented | Not separately presented | 0 (nil) | (15,000) |
| Staff expenses$ | (227,567) | (222,274) | (278,872) | (232,189) | (1,436,906) |
| Travel expenses$ | (51,763) | (1,209) | (12,539) | (24,008) | (30,622) |
| Unrealised movements on financial assets (legacy P&L line)$ | 200 | (850) | 0 (nil) | Not separately presented | Not separately presented |
AUD units. Costs are negative. Earlier fair-value movements retain their issuer labels; later P&L and OCI classifications are distinct. FY2025 values use the FY2026 comparative where selected. Classification difference: the FY2025 current-year P&L (table 01a066f4-68ae-795f-b0fa-92ce6fd94522) labels AUD 72,217 exploration expenditure; the selected FY2026 comparative (table 334e3052-2f78-55d5-8ddc-4b9d85bd9cab) labels the same FY2025 amount impairment and shows exploration expenditure nil. The displayed FY2025 rows follow that later comparative; do not add the two presentations.
Basis and presentation notes (17)
- Gain on disposal of interest in subsidiary / FY2022 — Not separately presented: The gain on disposal of an interest in a subsidiary is separately recorded for FY2024. No separate gain line is linked for FY2022 in selected document 019f5aa8-e037-722a-834a-213bd839d1b9; no zero is inferred.
- Gain on disposal of interest in subsidiary / FY2023 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Gain on disposal of interest in subsidiary / FY2025 — 0 (nil): FY2025 annual statement reports a dash for this gain.
- Gain on disposal of interest in subsidiary / FY2026 — Not separately presented: The gain on disposal of an interest in a subsidiary is separately recorded for FY2024. No separate gain line is linked for FY2026 in selected document 9f85d88b-3dd2-5aa9-98fe-33bb2c51616a; no zero is inferred.
- Exploration expenditure / FY2025 — 0 (nil): Selected FY2026 comparative (R002747) shows a dash for FY2025 exploration expenditure, but the FY2025 current-year P&L (DB-CZN-FY25-CURRENT-EXPLORATION) labels AUD 72,217 as exploration expenditure. The later comparative classifies that same amount as impairment (R002749); it is not an additional expense.
- Impairment of exploration and evaluation assets / FY2022 — Not separately presented: No separate Impairment of exploration and evaluation assets line is established for FY2022 in the selected statement (document 019f5aa8-e037-722a-834a-213bd839d1b9). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Impairment of exploration and evaluation assets / FY2023 — Not separately presented: No separate Impairment of exploration and evaluation assets line is established for FY2023 in the selected statement (document 019f5ac4-4cf1-7f3b-a000-d02f22c04681). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Impairment of exploration and evaluation assets / FY2024 — Not separately presented: No separate Impairment of exploration and evaluation assets line is established for FY2024 in the selected statement (document 019f5ae5-92ae-77ac-b487-5784a689b2e8). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Fair value movement on financial assets (through P&L) / FY2022 — Not separately presented: The selected FY2022 statement uses a legacy unrealised-movements line (R000390), retained separately. Its basis is not silently equated with the later fair-value P&L row.
- Fair value movement on financial assets (through P&L) / FY2023 — Not separately presented: The selected FY2023 statement uses a legacy unrealised-movements line (R000977), retained separately. Its basis is not silently equated with the later fair-value P&L row.
- Promotional expense / FY2022 — Not separately presented: No separate Promotional expense line is established for FY2022 in the selected statement (document 019f5aa8-e037-722a-834a-213bd839d1b9). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Promotional expense / FY2023 — Not separately presented: No separate Promotional expense line is established for FY2023 in the selected statement (document 019f5ac4-4cf1-7f3b-a000-d02f22c04681). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Promotional expense / FY2024 — Not separately presented: No separate Promotional expense line is established for FY2024 in the selected statement (document 019f5ae5-92ae-77ac-b487-5784a689b2e8). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Promotional expense / FY2025 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Unrealised movements on financial assets (legacy P&L line) / FY2024 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Unrealised movements on financial assets (legacy P&L line) / FY2025 — Not separately presented: The selected FY2025 statement uses the later fair-value P&L line (R002751), retained separately. The legacy unrealised-movements definition is not assumed identical.
- Unrealised movements on financial assets (legacy P&L line) / FY2026 — Not separately presented: The selected FY2026 statement uses the later fair-value P&L line (R002750), retained separately. The legacy unrealised-movements definition is not assumed identical.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
Statutory result and comprehensive result
AUD, unless a row says otherwise
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Income tax expense$ | 0 (nil) | 0 (nil) | 0 (nil) | 0 (nil) | 0 (nil) |
| Profit/(loss) for the year (after tax, as presented)$ | (1,569,737) | (672,903) | (2,675,177) | (1,019,391) | (7,978,809) |
| Other comprehensive profit/(loss), net of tax$ | 0 (nil) | 0 (nil) | 338,000 | (225,097) | 0 (nil) |
| Total comprehensive profit/(loss) for the year$ | (1,569,737) | (672,903) | (2,337,177) | (1,244,488) | (7,978,809) |
AUD units. Loss is after income tax. FY2024 and FY2025 OCI is separate from P&L; FY2026 OCI is Nil.
Basis and presentation notes (8)
- Income tax expense / FY2022 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Income tax expense / FY2023 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Income tax expense / FY2024 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Income tax expense / FY2025 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Income tax expense / FY2026 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Other comprehensive profit/(loss), net of tax / FY2022 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Other comprehensive profit/(loss), net of tax / FY2023 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Other comprehensive profit/(loss), net of tax / FY2026 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
Loss per share and denominator
AUD, unless a row says otherwise
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Basic and diluted loss per sharecents per share | (0.26) | (0.11) | (0.43) | (5.44) | (14.48) |
| Weighted average ordinary shares outstanding (basic and diluted)shares | 297,091,842 | 610,330,557 | 615,636,179 | 18,737,107 | 55,102,764 |
EPS is in cents per share; weighted shares are counts. FY2022 published EPS of (0.26) cents does not reconcile with the FY2023 note comparative loss of AUD (1,569,737) and 297,091,842 weighted shares, which imply approximately (0.53) cents by division. The cause is unresolved; the published EPS is preserved, not restated. FY2025 uses the FY2026 annual report restatement for the 1-for-50 consolidation. FY2022–FY2024 EPS remain originally presented and cannot be compared mechanically with FY2025–FY2026.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
FINANCIAL REVIEW / 02
Assets, liabilities and liquidity
Cash declined from its FY2022 level before rising in FY2026. Exploration and evaluation assets remain the largest asset category; the FY2026 impairment and the shift toward Western Australian gold projects affect comparison of the asset mix.
Cash at 30 June
AUD
Cash and cash equivalents
AI-generated presentation · values from Consolidated financial position at 30 June; no missing values plotted as zero.
Consolidated financial position at 30 June
AUD, unless a row says otherwise
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Cash and cash equivalentsAUD | 7,921,880 | 2,490,927 | 1,197,308 | 648,739 | 1,413,505 |
| Trade and other receivablesAUD | 49,749 | 226,638 | 41,242 | 24,232 | 136,465 |
| Other current assetsAUD | 28,213 | 61,628 | 45,631 | 60,462 | 16,105 |
| Total current assetsAUD | 7,999,842 | 2,779,193 | 1,284,181 | 733,433 | 1,566,075 |
| Other non-current assetsAUD | 59,000 | 59,000 | 59,000 | 59,000 | 66,650 |
| Financial assetsAUD | 1,253 | 403 | 1,139,764 | 306,551 | 313,906 |
| Exploration and evaluation expenditureAUD | 10,612,032 | 15,071,331 | 13,093,467 | 14,561,095 | 15,832,301 |
| Total non-current assetsAUD | 10,672,285 | 15,130,734 | 14,292,231 | 14,926,646 | 16,212,857 |
| Total assetsAUD | 18,672,127 | 17,909,927 | 15,576,412 | 15,660,079 | 17,778,932 |
| Trade and other payablesAUD | 700,177 | 631,288 | 182,876 | 107,817 | 842,167 |
| Provisions (current)AUD | 35,338 | 39,194 | 34,435 | 47,198 | 37,909 |
| Total current liabilitiesAUD | 735,515 | 670,482 | 217,311 | 155,015 | 880,076 |
| Total liabilitiesAUD | 735,515 | 670,482 | 217,311 | 155,015 | 880,076 |
| Net assetsAUD | 17,936,611 | 17,239,445 | 15,359,101 | 15,505,064 | 16,898,856 |
| Issued capitalAUD | 57,149,809 | 57,125,546 | 57,506,791 | 58,716,586 | 65,800,127 |
| Reserves (share-based payments + revaluation)AUD | 326,104 | 302,921 | 413,588 | 256,244 | 2,545,304 |
| Accumulated lossesAUD | (39,539,302) | (40,189,022) | (42,561,278) | (43,467,766) | (51,446,575) |
| Total equityAUD | 17,936,611 | 17,239,445 | 15,359,101 | 15,505,064 | 16,898,856 |
AUD units at each 30 June. Total liabilities equal current liabilities in the selected statements; the issuer separately states no external borrowings at FY2023–FY2025 dates. Exploration assets carry valuation uncertainty.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
FINANCIAL REVIEW / 03
Cash flow and funding
Operating activities used cash in every year. Exploration payments appear in investing activities, while share issues supplied most financing cash; FY2024 also had AUD 1m of tenement disposal proceeds.
Operating and investing cash flows
$
Net cash from/(used in) operating activitiesNet cash from/(used in) investing activities
AI-generated presentation · values from Statutory cash-flow bridge; no missing values plotted as zero.
Statutory cash-flow bridge
AUD, unless a row says otherwise
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Net cash from/(used in) operating activities$ | (914,017) | (912,950) | (482,392) | (694,148) | (1,460,021) |
| Net cash from/(used in) investing activities$ | (4,439,071) | (4,494,263) | (1,128,926) | (1,228,268) | (1,308,274) |
| Net cash from/(used in) financing activities$ | 12,634,475 | (24,263) | 319,600 | 1,373,086 | 3,533,061 |
| Net increase/(decrease) in cash held$ | 7,281,387 | (5,431,476) | (1,291,718) | (549,330) | 764,766 |
| FX effect on cash held$ | 2,385 | 523 | (1,900) | 760 | 0 (nil) |
| Cash at beginning of year$ | 638,109 | 7,921,880 | 2,490,927 | 1,197,309 | 648,739 |
| Cash at end of year$ | 7,921,880 | 2,490,927 | 1,197,309 | 648,739 | 1,413,505 |
AUD units. FY2022 investing subtotal is sign-corrected from the face-statement cash bridge; its two listed payments differ from the subtotal magnitude by AUD 1. FY2026 printed net cash increase is AUD 765,766, whereas subtotals and opening/closing cash both give AUD 764,766, shown here. FY2024 closing cash in the cash-flow statement is AUD 1,197,309; position statement says AUD 1,197,308.
Basis and presentation notes (1)
- FX effect on cash held / FY2026 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
Operating cash-flow components
AUD, unless a row says otherwise
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Payments for exploration and evaluation (operating)$ | 0 (nil) | (38,905) | 0 (nil) | Not separately presented | Not separately presented |
| Payments for staff costs$ | (216,128) | (225,086) | (268,446) | (175,970) | (525,364) |
| Payments for administration and corporate costs$ | (654,224) | (670,876) | (621,800) | (801,157) | (944,627) |
| Interest received$ | 1,360 | 40,117 | 15,427 | 7,009 | 9,970 |
| Proceeds from government grants and tax incentives$ | 0 (nil) | 0 (nil) | 393,675 | 276,781 | 0 (nil) |
| Payments for finance costs$ | (45,025) | (18,200) | (1,248) | (811) | 0 (nil) |
AUD units. Rows follow the issuer cash-flow statement; government grants are cash receipts. Components can change presentation across years.
Basis and presentation notes (8)
- Payments for exploration and evaluation (operating) / FY2022 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Payments for exploration and evaluation (operating) / FY2024 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Payments for exploration and evaluation (operating) / FY2025 — Not separately presented: No separate Payments for exploration and evaluation (operating) line is established for FY2025 in the selected statement (document 019f5b0e-506e-70cf-adce-3bed05546d50). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Payments for exploration and evaluation (operating) / FY2026 — Not separately presented: No separate Payments for exploration and evaluation (operating) line is established for FY2026 in the selected statement (document 9f85d88b-3dd2-5aa9-98fe-33bb2c51616a). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Proceeds from government grants and tax incentives / FY2022 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Proceeds from government grants and tax incentives / FY2023 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Proceeds from government grants and tax incentives / FY2026 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Payments for finance costs / FY2026 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
Investing and financing components
AUD, unless a row says otherwise
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Payments for capitalised exploration and evaluation$ | (3,812,870) | (4,494,263) | (2,128,926) | (1,396,208) | (1,483,474) |
| Payments to acquire exploration tenements$ | (626,200) | 0 (nil) | Not separately presented | (182,060) | (300,000) |
| Proceeds from disposal of exploration tenements$ | Not separately presented | 0 (nil) | 1,000,000 | Not separately presented | Not separately presented |
| Proceeds from disposal of financial assets$ | Not separately presented | Not separately presented | Not separately presented | 350,000 | 475,200 |
| Proceeds from issue of shares$ | 12,993,708 | 0 (nil) | 340,000 | 1,550,000 | 3,800,000 |
| Payments for costs of capital raising$ | (359,234) | (24,263) | (20,400) | (176,914) | (266,939) |
AUD units. Exploration and tenement purchases are cash flows, distinct from the period-end exploration asset. FY2024 AUD 1m disposal proceeds are shown separately.
Basis and presentation notes (10)
- Payments to acquire exploration tenements / FY2023 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Payments to acquire exploration tenements / FY2024 — Not separately presented: No separate Payments to acquire exploration tenements line is established for FY2024 in the selected statement (document 019f5ae5-92ae-77ac-b487-5784a689b2e8). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Proceeds from disposal of exploration tenements / FY2022 — Not separately presented: No separate Proceeds from disposal of exploration tenements line is established for FY2022 in the selected statement (document 019f5aa8-e037-722a-834a-213bd839d1b9). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Proceeds from disposal of exploration tenements / FY2023 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Proceeds from disposal of exploration tenements / FY2025 — Not separately presented: No separate Proceeds from disposal of exploration tenements line is established for FY2025 in the selected statement (document 019f5b0e-506e-70cf-adce-3bed05546d50). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Proceeds from disposal of exploration tenements / FY2026 — Not separately presented: No separate Proceeds from disposal of exploration tenements line is established for FY2026 in the selected statement (document 9f85d88b-3dd2-5aa9-98fe-33bb2c51616a). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Proceeds from disposal of financial assets / FY2022 — Not separately presented: No separate Proceeds from disposal of financial assets line is established for FY2022 in the selected statement (document 019f5aa8-e037-722a-834a-213bd839d1b9). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Proceeds from disposal of financial assets / FY2023 — Not separately presented: No separate Proceeds from disposal of financial assets line is established for FY2023 in the selected statement (document 019f5ac4-4cf1-7f3b-a000-d02f22c04681). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Proceeds from disposal of financial assets / FY2024 — Not separately presented: No separate Proceeds from disposal of financial assets line is established for FY2024 in the selected statement (document 019f5ae5-92ae-77ac-b487-5784a689b2e8). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Proceeds from issue of shares / FY2023 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
FINANCIAL REVIEW / 04
Equity funding and shareholder returns
The October 2025 1-for-50 consolidation changes share-count and EPS comparability. The FY2026 issued-capital reconciliation includes noncash project consideration and security conversions as well as cash placements. No dividends were paid or declared in the five-year period.
Issued capital value reconciliation
AUD, unless a row says otherwise
| Metric | FY2025 | FY2026 |
|---|---|---|
| Opening balance$ | 57,506,791 | 58,716,586 |
| Issue of shares under placements$ | 1,550,000 | 3,800,000 |
| Shares issued as consideration for acquisition of projects$ | 0 (nil) | 1,275,000 |
| Performance rights vested and converted$ | 0 (nil) | 1,687,500 |
| Conversion of zero exercise price options$ | 0 (nil) | 652,500 |
| Shares issued in lieu of fees/options$ | 0 (nil) | 248,527 |
| Cost of raising capital$ | (340,206) | (579,986) |
| Closing balance$ | 58,716,586 | 65,800,127 |
AUD units, FY2026 annual report current year and comparative. Noncash project consideration and security conversions are value movements, not financing cash receipts. The FY2025 comparative capital-raising cost (AUD 340,206) differs by AUD 1 from the original FY2025 movement note (AUD 340,205), and its components differ by AUD 1 from the stated closing capital.
Basis and presentation notes (4)
- Shares issued as consideration for acquisition of projects / FY2025 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Performance rights vested and converted / FY2025 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Conversion of zero exercise price options / FY2025 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Shares issued in lieu of fees/options / FY2025 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
Dividends paid per ordinary share
cents per share
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Dividend paid | 0 (nil) | 0 (nil) | 0 (nil) | 0 (nil) | 0 (nil) |
Nil is a source-supported return state, not an unavailable value.
Basis and presentation notes (5)
- Dividend paid / FY2022 — 0 (nil): Issuer performance history reports Nil for this financial year.
- Dividend paid / FY2023 — 0 (nil): Issuer performance history reports Nil for this financial year.
- Dividend paid / FY2024 — 0 (nil): Issuer performance history reports Nil for this financial year.
- Dividend paid / FY2025 — 0 (nil): Issuer performance history reports Nil for this financial year.
- Dividend paid / FY2026 — 0 (nil): Issuer performance history reports Nil for this financial year.
Source: FY2026 annual report five-year company performance history.
FINANCIAL REVIEW / 05
Exploration assets and disclosed resources
This is an exploration-stage business; the report supplies carrying values and dated Mineral Resource Estimates, rather than a production or unit-cost series. The Chalice acquisition closed after the FY2026 reporting date.
Capitalised exploration asset at 30 June
AUD
Exploration and evaluation expenditure
AI-generated presentation · values from Consolidated financial position at 30 June; no missing values plotted as zero.
Capitalised exploration and evaluation movements
AUD, unless a row says otherwise
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Exploration project expenditure (additions)$ | 4,356,366 | 4,498,204 | 1,770,728 | 1,539,845 | 2,175,630 |
| Acquisition of tenements$ | 626,200 | 0 (nil) | Not separately presented | 0 (nil) | 4,700,000 |
| Deposit paid — Chalice Acquisition$ | Not applicable | Not applicable | Not applicable | Not applicable | 250,000 |
| Disposal of Miriam Lithium Project$ | Not applicable | Not applicable | (499,570) | Not applicable | Not applicable |
| Impairment of exploration expenditure$ | (639,452) | (38,905) | (3,249,022) | (72,217) | (5,854,424) |
| Closing balance at reporting date$ | 10,612,032 | 15,071,331 | 13,093,467 | 14,561,095 | 15,832,301 |
AUD units. FY2026 new project additions and the Lynn Lake impairment changed the carrying mix. The FY2026 closing balance is a balance-sheet asset, not cash spending.
The Miriam disposal and Chalice deposit are dated transaction lines: their Not applicable cells refer only to years outside those events. Other missing movement lines remain Not separately presented unless matching evidence states nil.
Basis and presentation notes (11)
- Acquisition of tenements / FY2023 — 0 (nil): Selected FY2023 original table reports a dash for this acquisition.
- Acquisition of tenements / FY2024 — Not separately presented: No separate Acquisition of tenements line is established for FY2024 in the selected statement (document 019f5ae5-92ae-77ac-b487-5784a689b2e8). This is a presentation limit, not a zero or issuer-wide non-disclosure finding.
- Acquisition of tenements / FY2025 — 0 (nil): The cited source row uses a dash or Nil; no amount is represented for this metric.
- Deposit paid — Chalice Acquisition / FY2022 — Not applicable: The Chalice acquisition deposit is the FY2026 transaction; it did not apply in FY2022 before that acquisition. This does not characterize unrelated deposits.
- Deposit paid — Chalice Acquisition / FY2023 — Not applicable: The Chalice acquisition deposit is the FY2026 transaction; it did not apply in FY2023 before that acquisition. This does not characterize unrelated deposits.
- Deposit paid — Chalice Acquisition / FY2024 — Not applicable: The Chalice acquisition deposit is the FY2026 transaction; it did not apply in FY2024 before that acquisition. This does not characterize unrelated deposits.
- Deposit paid — Chalice Acquisition / FY2025 — Not applicable: The Chalice acquisition deposit is the FY2026 transaction; it did not apply in FY2025 before that acquisition. This does not characterize unrelated deposits.
- Disposal of Miriam Lithium Project / FY2022 — Not applicable: The Miriam Lithium Project disposal is the FY2024 transaction shown in this bridge; this separate disposal event does not apply to FY2022. No zero is inferred for other disposal activity.
- Disposal of Miriam Lithium Project / FY2023 — Not applicable: The Miriam Lithium Project disposal is the FY2024 transaction shown in this bridge; this separate disposal event does not apply to FY2023. No zero is inferred for other disposal activity.
- Disposal of Miriam Lithium Project / FY2025 — Not applicable: The Miriam Lithium Project disposal is the FY2024 transaction shown in this bridge; this separate disposal event does not apply to FY2025. No zero is inferred for other disposal activity.
- Disposal of Miriam Lithium Project / FY2026 — Not applicable: The Miriam Lithium Project disposal is the FY2024 transaction shown in this bridge; this separate disposal event does not apply to FY2026. No zero is inferred for other disposal activity.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
Exploration asset by area of interest
AUD, unless a row says otherwise
| Metric | FY2025 | FY2026 |
|---|---|---|
| Two Pools Gold Project (WA)$ | 0 (nil) | 6,191,044 |
| Feather Cap Gold Project (WA)$ | 0 (nil) | 117,671 |
| Chalice Gold Project (WA)$ | 0 (nil) | 637,666 |
| Mt Gilmore Project (NSW)$ | 4,787,312 | 4,811,960 |
| Lynn Lake Project (Canada)$ | 9,773,783 | 4,073,960 |
| Total exploration and evaluation expenditure$ | 14,561,095 | 15,832,301 |
AUD units at 30 June. FY2026 Two Pools, Feather Cap and Chalice amounts reflect the annual-report classification; Chalice acquisition completion occurred after 30 June 2026.
The FY2025 0 (nil) project balances are exact prior-year carrying amounts from the FY2026 comparison; they do not backdate the later project acquisitions or options.
Basis and presentation notes (3)
- Two Pools Gold Project (WA) / FY2025 — 0 (nil): Source comparative is a dash for this project carrying amount at 30 June 2025; shown as zero for this exact balance, without implying an FY2026 acquisition occurred earlier.
- Feather Cap Gold Project (WA) / FY2025 — 0 (nil): Source comparative is a dash for this project carrying amount at 30 June 2025; shown as zero for this exact balance, without implying an FY2026 acquisition occurred earlier.
- Chalice Gold Project (WA) / FY2025 — 0 (nil): Source comparative is a dash for this project carrying amount at 30 June 2025; shown as zero for this exact balance, without implying an FY2026 acquisition occurred earlier.
Source: Corazon annual reports FY2022–FY2026; row-level references retained in author/evidence.json.
Lynn Lake mineral resource snapshot
Issuer reported units by row
| Metric | 27 Nov 2019 |
|---|---|
| Indicated — Tonnestonnes | 12,899,000 |
| Ni %% | 0.7 |
| Cu %% | 0.33 |
| Co %% | 0.034 |
| Inferred — Tonnestonnes | 3,422,000 |
| Ni %% | 0.79 |
| Total — Tonnestonnes | 16,321,000 |
| Ni %% | 0.72 |
| Contained Ni (tonnes)tonnes of contained Ni | 116,800 |
| Total — Tonnes (0.7% Ni base cut, higher-grade subset)tonnes | 5,389,000 |
| Ni %% | 0.99 |
This is a dated 2019 Mineral Resource Estimate repeated in the FY2025 annual report. It is not a five-year production or reserve trend. FY2026 recorded an impairment of the Lynn Lake carrying value.
Source: FY2025 annual report mineral resource disclosure.
Chalice Gold Project mineral resource snapshot
Issuer reported units by row
| Metric | 11 Apr 2026 |
|---|---|
| Measured — Tonneskt | 406 |
| Gradeg/t Au | 3.19 |
| Contained Aukoz Au | 42 |
| Indicated — Tonneskt | 1,120 |
| Gradeg/t Au | 2.6 |
| Contained Aukoz Au | 94 |
| Inferred — Tonneskt | 655 |
| Gradeg/t Au | 2.64 |
| Contained Aukoz Au | 55 |
| Total — Tonneskt | 2,181 |
| Gradeg/t Au | 2.74 |
| Contained Aukoz Au | 191 |
JORC 2012 Mineral Resource Estimate at 1.3 g/t Au cut-off, reported in the FY2026 annual report. The acquisition completed after the 30 June 2026 balance date. This estimate is not production or an annual resource movement.
Source: FY2026 annual report Chalice resource disclosure.
Reading the figures
- A positive FY2022 investing subtotal in the source cash-flow table conflicts with two cash payments and the cash bridge; the displayed subtotal uses the bridge-implied negative sign and records the AUD 1 component difference.
- FY2024 operating cash flow is AUD (482,392) in the cash-flow statement and AUD (482,932) in the note reconciliation; the report uses the face statement and does not silently reconcile the AUD 540 conflict.
- FY2024 cash is AUD 1,197,308 in the position statement and AUD 1,197,309 in the cash-flow statement; each table keeps its own reported value.
- FY2026 printed net cash increase is AUD 765,766 but subtotals and opening-to-closing cash both give AUD 764,766; the cash-flow table shows the disclosed calculation and retains the original in evidence.
- FY2022 reported total assets less liabilities is AUD 1 more than reported net assets; all three line items are preserved as printed.
- FY2022 printed EPS of (0.26) cents conflicts with the FY2023 comparative loss numerator and weighted shares, which imply about (0.53) cents. The cause is unresolved; no corrected EPS is asserted.
- Not separately presented means no separate line was established in the selected statement and does not mean zero. Not applicable marks only the dated Chalice deposit and Miriam disposal outside their transaction periods. 0 (nil) is used for matching source-supported nil cells.
- The FY2026 annual comparative issued-capital movement differs by AUD 1 on FY2025 capital-raising costs from the original FY2025 movement note; the FY2026 comparative is preserved without a balancing adjustment.
- Resource tables are dated estimates and are not annual production data. The FY2026 annual report discusses the Chalice acquisition completed after the reporting date.
Annual-report source registry
- Corazon Mining Limited, Annual Report to shareholders (FY2022)Year ended 2022-06-30; document dated 2022-09-12. Annual-report extraction and selected table evidence.
- Corazon Mining Limited, Annual Report to shareholders (FY2023)Year ended 2023-06-30; document dated 2023-09-08. Annual-report extraction and selected table evidence.
- Corazon Mining Limited, Annual Report to Shareholders (FY2024)Year ended 2024-06-30; document dated 2024-09-10. Annual-report extraction and selected table evidence.
- Corazon Mining Limited, Annual Report to shareholders (FY2025)Year ended 2025-06-30; document dated 2025-09-10. Annual-report extraction and selected table evidence.
- Corazon Mining Limited, Annual Report to shareholders (FY2026)Year ended 2026-06-30; document dated 2026-09-15. Annual-report extraction and selected table evidence.
Prepared from the existing annual extraction datasets, supplemented only by selected same-company annual-report tables and saved row interpretations. No new raw-document extraction or web financial research was used for this test.
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AI-led method
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