How Corazon’s Indigenous Partnership Could Unlock Two Pools Gold Riches

Strategic Land Access Secured

Corazon Mining Ltd (ASX – CZN) has taken a significant step forward in its Western Australian gold exploration strategy by executing a Land Access Agreement with the Marputu Aboriginal Corporation RNTBC. This agreement grants Corazon access to the Two Pools Gold Project area, including both its original tenements and newly applied extensions, paving the way for exploration activities to proceed.

The Marputu Aboriginal Corporation holds native title rights on behalf of the Gingirana Native Title Holders, making this agreement a critical milestone in ensuring respectful and lawful access to the land. By formalising this partnership, Corazon not only secures tenure but also strengthens its relationship with the traditional owners, a move increasingly recognised as essential in the Australian mining landscape.

Equity Partnership and Shared Interests

In a notable feature of the agreement, Marputu will become equity holders in Corazon through the issuance of 500,000 fully paid ordinary shares. These shares will be subject to a voluntary escrow period of 24 months, underscoring a mutual commitment to a long-term partnership. The share price will be determined based on the 20-day volume weighted average price at the time of issuance, expected after January 31, 2026.

Corazon’s Managing Director, Simon Coyle, emphasised the constructive nature of negotiations and the alignment of interests this arrangement fosters. This equity participation not only provides Marputu with a direct stake in the company’s success but also sets a positive precedent for future collaborations in the region.

Advancing Exploration Plans

With the agreement in place, Corazon is accelerating preparations for exploration activities. Heritage surveys and clearing are being fast-tracked in accordance with the established Heritage Protection Protocol, a necessary step before drilling can commence. Subject to regulatory approvals and completion of heritage clearing, Corazon plans to initiate a diamond drilling program at Two Pools within the coming months.

The Two Pools Gold Project, situated within the Plutonic-Marymia Greenstone Belt, has shown promising historical high-grade intercepts. This project forms a core part of Corazon’s strategy to rapidly explore and develop its Western Australian gold assets, alongside its Feather Cap Gold Project and a portfolio of battery and base metal assets including the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Canada.

Implications for Corazon and Investors

This agreement marks a pivotal moment for Corazon, combining respect for Indigenous rights with strategic advancement of its exploration portfolio. The partnership with Marputu not only facilitates operational progress but also enhances Corazon’s social licence to operate, a critical factor in today’s mining environment.

Investors will be watching closely as the company moves towards drilling, with the potential for new discoveries that could materially impact Corazon’s valuation. The integration of Indigenous equity holders may also serve as a model for other exploration companies seeking sustainable and collaborative approaches to land access.