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Corazon Mining Limited
(Sydney:CZN)
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Rating:47Neutral
Price Target:
AU$0.11
â–Ľ(-22.86% 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
No debt across the period lowers interest obligations and refinancing exposure, while positive equity of about 16.9m supports solvency. This gives Corazon greater flexibility to fund exploration and withstand operating losses than a similarly loss-making company carrying material leverage.
Negative Factors
Minimal Revenue Base
Effectively zero revenue across multiple years means the company lacks a demonstrated operating income stream to fund exploration or absorb corporate costs. This leaves financial performance dependent on project advancement and potential future transactions rather than recurring commercial sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
No debt across the period lowers interest obligations and refinancing exposure, while positive equity of about 16.9m supports solvency. This gives Corazon greater flexibility to fund exploration and withstand operating losses than a similarly loss-making company carrying material leverage.
Read all positive factors
Corazon Mining Limited (CZN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.29M
Dividend YieldN/A
Average Volume (3M)876.45K
Price to Earnings (P/E)―
Beta (1Y)1.06
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. Volume623,636
30 Day Avg. Volume876,449
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...
How the Company Makes Money
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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 | -287.61K | -384.26K | -414.04K | -653.03K |
| 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
0.10
Positive
0.12
Negative
0.14
Negative
Market Momentum
<0.01
Positive
41.46
Neutral
-6.67
Positive
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 0.11, above the 50-day MA of 0.10, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 41.46 is Neutral, neither overbought nor oversold. The STOCH value of -6.67 is Positive, 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% | |
60 Neutral | AU$12.18M | -15.56 | -4.22% | ― | ― | 50.68% | |
57 Neutral | AU$6.38M | -14.08 | -5.13% | ― | ― | 84.39% | |
47 Neutral | AU$26.29M | -0.84 | -39.70% | ― | ― | -88.48% | |
44 Neutral | AU$7.88M | -0.98 | -32.39% | ― | ― | 60.05% | |
41 Neutral | AU$8.99M | -1.62 | 139.87% | ― | ― | -115.71% | |
37 Underperform | AU$22.19M | -9.04 | -84.77% | ― | ― | 33.52% |
* Basic Materials Sector Average
AU:CZN
Corazon Mining Limited
0.11
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0.02
38.00%
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Pantera Minerals Ltd.
0.02
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0.03
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Corazon Mining Limited Corporate Events
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...
Corazon Mining’s June Quarter Shows Cash Burn as Exploration Spend Rises
Jul 28, 2026
Corazon Mining Limited reported negative operating cash flow of A$435,000 for the June 2026 quarter, driven mainly by exploration, staff, and corporate costs, highlighting its cash-absorbing early-stage profile. The company also spent A$978,000 on...
Corazon Mining Secures Chalice Gold Project and Advances WA Exploration Portfolio
Jul 28, 2026
Corazon Mining has agreed to acquire 100% of the Chalice Gold Project from Westgold Resources for about A$25.7 million, securing a 191,000oz JORC 2012 resource on a granted mining lease with significant production history. The deal, backed by a A$...
Corazon Targets Resource Growth After High-Grade Finds at Chalice Gold Project
Jul 14, 2026
Corazon Mining has completed a systematic review of historical drilling at its Chalice gold project in Western Australia, identifying multiple high-grade gold intercepts located outside the current 191,000 ounce JORC 2012 Mineral Resource. The int...
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...
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.