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Corazon Mining Limited
(Sydney:CZN)
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Rating:47Neutral
Price Target:
AU$0.09
â–¼(-39.29% Downside)
Action:Reiterated
Date:09/17/26
The score is held down primarily by very weak financial performance (minimal revenue, persistent losses, and ongoing cash burn, including a sharp loss expansion in 2026). Technicals are only neutral-to-mixed and do not provide strong support. Valuation is also challenged due to negative earnings and no dividend yield data, while the debt-free balance sheet is the main offsetting positive.
Positive Factors
Debt-free balance sheet
Having no reported debt reduces interest obligations, refinancing exposure, and balance-sheet pressure while the company funds exploration. Positive equity of about 16.9m provides a solvency buffer, giving management greater flexibility to allocate capital through the next several quarters.
Negative Factors
Minimal revenue base
The absence of a meaningful revenue stream shows that the company has not yet reached an operating stage capable of self-funding its activities. This leaves financial performance dependent on exploration progress, asset outcomes, and access to capital rather than recurring customer income.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Having no reported debt reduces interest obligations, refinancing exposure, and balance-sheet pressure while the company funds exploration. Positive equity of about 16.9m provides a solvency buffer, giving management greater flexibility to allocate capital through the next several quarters.
Read all positive factors
Corazon Mining Limited (CZN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.56M
Dividend YieldN/A
Average Volume (3M)306.24K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue GrowthN/A
EPS Growth-88.48%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.12
Shares Outstanding239,020,170
10 Day Avg. Volume217,614
30 Day Avg. Volume306,243
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.39
Price to Sales (P/S)0.00
P/FCF Ratio-4.53
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...
Corazon Mining Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.55M | -287.71K | 574.02K | -634.10K | -930.55K |
| Net Income | -7.98M | -1.02M | -2.67M | -673.00K | -1.57M |
Balance Sheet | |||||
| Total Assets | 17.78M | 15.66M | 15.58M | 17.91M | 18.67M |
| Cash, Cash Equivalents and Short-Term Investments | 1.41M | 648.74K | 1.20M | 2.49M | 7.92M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 880.08K | 155.01K | 217.31K | 670.48K | 735.52K |
| Stockholders Equity | 16.90M | 15.51M | 15.36M | 17.24M | 17.94M |
Cash Flow | |||||
| Free Cash Flow | -1.46M | -2.27M | -2.61M | -5.41M | -5.35M |
| Operating Cash Flow | -1.46M | -694.15K | -482.39K | -912.95K | -914.02K |
| Investing Cash Flow | -1.31M | -1.23M | -1.13M | -4.49M | -4.44M |
| Financing Cash Flow | 3.53M | 1.37M | 319.60K | -24.26K | 12.63M |
Corazon Mining Limited Technical Analysis
Negative
0.14
Price Trends
0.11
Negative
0.10
Negative
0.13
Negative
Market Momentum
>-0.01
Positive
39.61
Neutral
31.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CZN, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.11, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.61 is Neutral, neither overbought nor oversold. The STOCH value of 31.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CZN.
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% | |
48 Neutral | AU$8.12M | -9.44 | -4.22% | ― | ― | 50.68% | |
47 Neutral | AU$20.56M | -0.69 | -39.70% | ― | ― | -88.48% | |
45 Neutral | AU$6.11M | -6.07 | -11.79% | ― | ― | 44.83% | |
45 Neutral | AU$6.55M | -2.13 | -7.31% | ― | ― | 31.46% | |
44 Neutral | AU$8.42M | -1.52 | 139.87% | ― | ― | -115.71% | |
37 Underperform | AU$16.54M | -5.26 | -52.37% | ― | -91.26% | 10.96% |
* Basic Materials Sector Average
AU:CZN
Corazon Mining Limited
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Corazon Mining Limited Corporate Events
Corazon Mining Sets AGM to Ratify Board Changes and Expand Equity Mandate
Oct 26, 2026
Corazon Mining Limited has convened its annual general meeting for 25 November 2026 in Perth, where shareholders will review the company’s financial statements for the year ended 30 June 2026. The session will also consider the adoption of t...
Corazon Mining Moves AGM Communications and Voting Online
Oct 26, 2026
Corazon Mining Limited has scheduled its annual general meeting of shareholders for 25 November 2026 in Perth, Western Australia. The company is shifting to electronic dissemination of meeting materials, advising investors that the notice of meeti...
Corazon Mining cements status as advanced WA gold developer with Chalice acquisition and drilling push
Oct 26, 2026
Corazon Mining has completed the acquisition of the Chalice Gold Project, giving it 100% ownership of a 191,000oz JORC 2012 mineral resource on a granted mining lease and expanding its district footprint over about 40km of prospective greenstone s...
Corazon Mining boosts cash reserves with fresh equity to fund exploration push
Oct 26, 2026
Corazon Mining Limited reported a net increase in cash of A$5.87 million for the quarter ended 30 September 2026, lifting cash and cash equivalents to A$1.41 million at period start plus new funds. Operating cash outflows were modest at A$0.60 mil...
Corazon Mining Sets November Date for AGM and Director Nomination Deadline
Oct 9, 2026
Corazon Mining Limited has scheduled its next Annual General Meeting for 25 November 2026 at 12.00 pm WST in line with ASX Listing Rule requirements and its constitution. The company has also set 17 October 2026 as the deadline for written nominat...
Corazon Secures 80% Control of Feather Cap After High-Grade Wembley Drilling
Oct 6, 2026
Corazon Mining has exercised its option to acquire an 80% interest in the Feather Cap Gold Project, giving it a controlling long-term stake in a 154 sq km land package that includes a granted mining lease. The move follows a maiden reverse circula...
Corazon Mining Starts Key Drilling Push at Chalice Gold Project
Sep 16, 2026
Corazon Mining Limited has launched a maiden reverse circulation drilling campaign at its 100%-owned Chalice Gold Project near Higginsville in Western Australia, aiming to expand on the existing JORC 2012 Mineral Resource of 191,000 ounces of gold...
Corazon Mining Tightens Governance With Comprehensive ASX-Aligned Overhaul
Sep 15, 2026
Corazon Mining Limited operates in the resources sector, focusing on mineral exploration and development, and is listed on the ASX. The company is overseen by a Board of Directors that emphasises a robust corporate governance framework to manage r...
Corazon Mining Files ASX Governance Key for 2026
Sep 15, 2026
Corazon Mining Limited has lodged its Appendix 4G with the ASX, outlining how it complies with the ASX Corporate Governance Council’s principles and recommendations. The filing confirms that the company’s corporate governance statement...
Corazon Mining Releases 2026 Annual Report Detailing Operations and Governance
Sep 15, 2026
Corazon Mining Limited has released its Annual Report for the financial year ended 30 June 2026, providing a comprehensive overview of corporate governance, financial performance and operational activities. The report includes detailed sections on...
Corazon Confirms High-Grade Gold System at Wembley Prospect
Sep 8, 2026
Corazon Mining Limited has reported maiden reverse circulation drilling results from the Wembley gold prospect within its Feather Cap Gold Project in Western Australia. The program targeted the historic Wembley Line of workings and the interpreted...
Corazon Mining Expands Chalice Gold District Footprint with High-Grade Targets
Sep 6, 2026
Corazon Mining has strengthened its position in Western Australia’s Chalice gold district after Mineral Resources declined to exercise first refusal rights over gold tenements E15/1705 and E15/1721, clearing the way to complete a previously ...
Corazon Flags Major Resource Upside at WA Chalice Gold Project
Sep 2, 2026
Corazon Mining has outlined a maiden Exploration Target at its Chalice Gold Project in Western Australia, signalling a significant potential increase to its existing 191,000oz gold resource. The target ranges from 9.7 to 12.3 million tonnes at gra...
Corazon Mining Director Rob Curtis Boosts Stake With On-Market Share Purchase
Aug 26, 2026
Corazon Mining Limited has disclosed a change in director interests, reporting that director Rob Curtis has acquired 500,000 fully paid ordinary shares in the company. The purchase, executed as an on-market trade, was made at a total value of $55,...
Corazon Mining Director Simon Coyle Increases Indirect Shareholding
Aug 26, 2026
Corazon Mining Limited has disclosed a change in director Simon Coyle’s indirect holdings in the company, in line with ASX listing rule requirements. The director’s interest is held through the Coyle Family Account, where he has a bene...
Corazon sets maiden exploration target at Western Australia Two Pools gold project
Aug 24, 2026
Corazon Mining has defined a maiden Exploration Target at its Two Pools Gold Project, outlining a conceptual range of 1.4 Mt to 2.15 Mt at 1.6 g/t to 1.9 g/t gold for approximately 72,000 oz to 132,000 oz of contained metal across Northern, Centra...
Corazon Mining Issues Over 1.3 Million Unquoted Performance Rights
Aug 19, 2026
Corazon Mining Limited has notified the market of the issuance of 1,346,314 unquoted performance rights under its employee incentive scheme. The new securities, coded CZNAX, were issued on 20 August 2026 and are not intended to be quoted on the AS...
Corazon Mining Options Lapse, Trimming Derivative Overhang
Aug 19, 2026
Corazon Mining Limited has reported the expiry of 105,347 listed options, designated as CZNAA and carrying an exercise price of $0.70, which lapsed unexercised on August 18, 2026. The cessation of these options slightly reduces the company’s...
Corazon Begins Maiden Drilling at Wembley to Test Shallow High-Grade Gold
Aug 13, 2026
Corazon Mining has launched its maiden reverse circulation drilling campaign at the Wembley gold prospect within the Feather Cap Gold Project in Western Australia. The approximately 2,000-metre, 20-hole program is the company’s first systema...
Corazon Mining Appoints New Director with No Initial Equity Interest
Aug 11, 2026
Corazon Mining Limited has appointed Mr Rob Curtis as a director, effective 10 August 2026, and has lodged the required initial director’s interest notice with the ASX. The filing confirms that Curtis currently holds no relevant interests in...
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.