Corazon Mining extends gold footprint across Chalice Project belt

• Corazon Mining entered into a binding agreement to secure strategic tenure and gold rights covering 170km2 across three tenements north and south of the Chalice Gold Project.
• Following the announcement, the Corazon share price was down at $0.081.
• The company aims to expand its Western Australian gold footprint and integrate the newly acquired tenure into its ongoing exploration strategy.

Corazon Mining (ASX:CZN) entered into a binding heads of agreement to secure strategic tenure and gold rights across three tenements covering 170km2 immediately north and south of the Chalice Gold Project.

This transaction follows the company's recent acquisitions of the Two Pools and Feather Cap projects as part of a broader strategy to consolidate land in the Higginsville greenstone belt.

The acquisition builds directly on previous project purchases to further cement the business as a focused Western Australian gold explorer and developer.

The newly consolidated land package contains multiple undrilled structural and geochemical targets within the mineralised sequence that hosts the Chalice deposit.

The company stated that the newly consolidated tenure will be incorporated into its district-scale exploration strategy alongside Phase 1 resource growth drilling at Chalice, which is targeted to commence in the third quarter of 2026.

Following the announcement, the Corazon Mining share price was down at $0.081.

The company operates as a mineral explorer with active project portfolios targeting gold and other base metals across Western Australia.

Its historical asset development pipeline includes multiple regional tenement acquisitions designed to expand operational scale and resource evaluation timelines.