Corazon Mining Ltd (ASX:CZN) executes Land Access Agreement for Two Pools Gold Project

Corazon Mining has secured a key milestone for its West Australian exploration strategy with the execution of a Land Access Agreement for the Two Pools Gold Project.

The agreement with the Marputu Aboriginal Corporation RNTBC provides the necessary foundation for tenement grant and operational commencement, marking a pivotal step as the Company advances its Gascoyne Region portfolio.

Highlights

• Land Access Agreement signed with Marputu Aboriginal Corporation RNTBC for the Two Pools Gold Project area.
• Agreement covers existing Two Pools tenements and newly applied extended tenure.
• Marputu to become equity holders in Corazon through the issue of 500,000 fully paid ordinary shares.
• Heritage clearing to be fast tracked to enable diamond drilling in the coming months.

Corazon Mining’s recently executed agreement establishes formal access for exploration across the Two Pools project area, comprising granted tenements E52/4460 and E52/4468 together with the Company’s application for extended tenure, E52/4521.

Marputu, which holds native title rights and interests on behalf of the Gingirana Native Title Holders, has endorsed the arrangement following what the Company describes as constructive engagement that delivered negotiated commercial terms in a short timeframe.

A key element of the agreement is Marputu’s participation as equity holders in Corazon, creating a collaborative structure that aligns both parties and supports the long term objectives of the partnership.

Under the agreed commercial framework, Corazon will issue 500,000 ordinary shares after 31 January 2026 at a price determined by the 20 day VWAP on the date of issue, with a voluntary escrow period of 24 months to reinforce the long term nature of the relationship.

The share component provides the framework for a collaborative relationship and aligns the interests of both parties as Corazon Mining progresses its exploration programs.

In outlining the significance of the outcome, Managing Director Simon Coyle noted

“We are extremely pleased to have reached this agreement with the Marputu Aboriginal Corporation. From the outset, our engagement has been constructive and positive, allowing us to reach a commercial agreement in a short period of time. Welcoming Marputu as shareholders in Corazon aligns our interests and sets a fantastic foundation for our relationship as we unlock the potential of our portfolio in the region.”

The Company has moved immediately into operational preparation, with heritage surveys to be undertaken under a dedicated Heritage Protection Protocol and expedited in accordance with the agreement’s terms.

Subject to the completion of heritage clearing and the granting of the pending tenement applications, Corazon intends to commence diamond drilling at the Two Pools Gold Project, with programs expected to begin in the coming months.

The agreement strengthens Corazon’s broader West Australian strategy, which centres on rapid exploration of its gold portfolio in the Gascoyne Region.

Two Pools sits within the Plutonic Marymia Greenstone Belt, an area with a history of high grade intercepts and ongoing prospectivity, and the Project forms a core part of the Company’s dual project focus alongside the Feather Cap Gold Project located in the Bryah Padbury Basin.

The execution of the Land Access Agreement provides Corazon with a clear pathway to advance exploration at Two Pools and represents a significant regulatory and stakeholder milestone.

With heritage processes underway and drilling preparations scheduled to follow the granting of tenure, the Company is entering a period of active field progress.

In parallel, its broader gold and critical minerals portfolio offers added strategic depth as Corazon positions itself for ongoing exploration activity across Western Australia.

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