Corazon adds strategic acreage to Chalice gold project

• Corazon in binding agreement to secure strategic tenure and gold rights
• Three tenements immediately north and south of the Chalice gold project
• Extends Corazon’s footprint well beyond the existing Chalice mining lease
• Acquired tenure hosts several undrilled structural and geochemical targets

Corazon Mining (ASX:CZN) has made a strategic move by signing a binding heads of agreement (HoA) to secure tenure and gold rights immediately along strike from its recently acquired Chalice gold project in WA.

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The deal with Dynamic Metals gives Corazon 100% ownership of tenement E15/1802, as well as gold rights over two adjoining tenements, E15/1705 and E15/1721.

MD, Simon Coyle, said the acquisition materially expands Corazon’s strategic land position across one of WA’s most productive gold belts, extending the company’s footprint well beyond the boundaries of the existing Chalice Mining lease and mineral resource.

“This acquisition secures a highly prospective corridor either side of Chalice, consolidating our position across one of the most compelling gold camps in Western Australia,” Mr Coyle said.

“We’ve picked up direct along-strike extensions to a high grade system that has already produced more than 640,000 ounces of gold, consolidating ground we believe holds real potential before we’ve turned a drill bit ourselves.

“Structuring the deal with deferred, milestone-linked payments means we only pay as we grow the resource, keeping our balance sheet disciplined while we pursue district-scale upside alongside our Phase 1 drilling at Chalice.”

Mr Coyle said validation of historic data is ongoing, with results to inform the company’s planned follow-up exploration program.

Chalice represents Corazon’s third WA gold project acquisition in under 12 months, following Two Pools and Feather Cap, and this latest bolt-on acquisition builds directly on that established WA gold strategy by consolidating control over one of the most prospective areas of the Higginsville greenstone belt.

The company’s phase one resource growth drilling at Chalice remains targeted to commence in Q3 CY2026, with the newly consolidated tenure to be assessed as part of the company’s broader exploration planning.

CZN was up 2.53% to 8.1¢. Mkt cap $19.12M

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