Horseshoe Metals Limited · ASX:HOR
Horseshoe Metals — Investor Presentation (June 2014)
24 slides from Horseshoe Metals's investor presentation, Jun 3, 2014
Slide 1: Investor Presentation June 2014
For personal use only INVESTOR PRESENTATION June 2014 ASX:HOR Exploring and Developing Quality Copper-Gold Projects
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment de
Slide 3: Corporate Summary
Corporate Summary For personal use only Capital Structure Ordinary Shares 86.1 M Options (60c Exp 25/05/15) 5.4 M Performance Rights 3.8 M Market Capitalisation $1.7 M (undiluted @ $0.02 per share) Cash at Bank (31/05/14)* $0.1 M *Excludes funds from capital raising in progress Management (post capi
Slide 4: Capital Raising - In Progress
Capital Raising - In Progress For personal use only DESCRIPTION NUMBER PRICE FUNDS RAISED* Shares Presently on Issue 86,072,973 - - Fotios Subscription Agreement 9,642,857 $0.031 $300,000 Fotios (or nominee) Placement 11,000,000 $0.03 $330,000 Agreement Fotios Drilling Contract for Shares 11
Slide 5: Projects Overview
Projects Overview Horseshoe Lights Project For personal use only • ~80km2 holding located 75km west of SFR’s DeGrussa Cu/Au mine and 23km east of RNI’s new Cu/Au discovery at Forrest Prospect • includes the Altered Volcanogenic Massive Sulphide (VMS) Horseshoe Lights Cu/Au mine • Past production: ~3
Slide 6: Existing Resources
Horseshoe Lights Project – Existing Resources For personal use only Mineral Resource Estimate as at 30 June 2013 (using 0.5% Cu in-situ cut-off grade): Tonnage Cu Au Ag Cu metal Au metal Ag metal Category (Mt) (%) (g/t) (g/t) (tonnes) (oz) (oz) In-Situ Resources Measured 1.73 1.04 0.0 0.5 18,000 1,9
Slide 7: The Next Stage
Horseshoe Lights Project – The Next Stage For personal use only Targeting production threshold of +200,000 tonnes of contained copper by: Increasing the existing Mineral Resource: Selectively drill test for extensions of high grade copper/gold mineralisation as well as gaps in the resource model
Slide 8: Planned Drilling
Horseshoe Lights Project – Planned Drilling Planned drilling of the Main Zone – For personal use only no drilling into this part of the Main Zone by HOR to date. focusing on the zone 0 - 100m below the existing pit floor (i.e. open pit potential). historical drilling information indicates that
Slide 9: Planned Drilling - Increasing the Mineral Resource
Horseshoe Lights Project – Planned Drilling For personal use only Increasing the Mineral Resource
Slide 10: Planned Drilling
Horseshoe Lights Project – Planned Drilling Planned drilling east of pit will target – For personal use only potential mineralisation east and south of the latest drilling success in RC1101 (32m @ 1.8% Cu). major mapped NE-SW fault interpreted to have cut high grade Main Zone at south end of pit
Slide 11: Planned Drilling
Horseshoe Lights Project – Planned Drilling Planned drilling in old Tailings Dam For personal use only area – contact between Ravelstone Formation and Narracoota Formation lies in the vicinity of the old tailings dam. area under old tailings dam has never been drill tested. historic geological
Slide 12: Planned Drilling
Horseshoe Lights Project – Planned Drilling RC358 recently drilled to test a DDIP For personal use only anomaly 800m SE of the mine in the right geological position for a possible repetition of Horseshoe Lights style Cu/Au mineralisation. Hole intersected copper zone – zone needs further testing
Slide 13: Planned Drilling
Horseshoe Lights Project – Planned Drilling Narracoota Formation (volcanics) For personal use only lies beneath Ravelstone Formation at varying depths (RNI hit volcanics at ~90m depth in latest drilling at Forrest, ~20km W of HSL). Very limited shallow (<50m) RAB drilling completed in 1990’s on
Slide 14: Kumarina Project Overview
Kumarina Project • Historical workings For personal use only extend over nearly 5km including the old Kumarina and Rinaldi Copper Mines. • N-S faults and NE-SW shear zones are considered to be most prospective for enrichments of copper mineralisation. • Major Dolerite sills across area - associated
Slide 15: Kumarina Project - Mineral Resource Estimate, Rinaldi Prospect
Kumarina Project Shallow Mineral Resource at the Rinaldi Prospect of 835,000t @ 1.3% Cu containing For personal use only 10,600 t Cu metal (0.5% Cu cut-off). Cu mineralisation lies within N-S fault zone, predominately in diorite/dolerite but also in sediments within the fault zone. Lower doler
Slide 16: Kumarina Project - The Next Stage
Kumarina Project – The Next Stage Explore for New Cu Mineralisation: For personal use only Drill untested exploration target around old shafts at Snell North Prospect Drill the Kumarina Deeps Prospect using $100,000 EIS Grant Co-funding assistance Geophysics and ground reconnaissance over ne
Slide 17: Kumarina Project - Planned Drilling
Kumarina Project – Planned Drilling For personal use only • Recent field work has identified historical Cu workings (3 shafts) at the Snell North Prospect. • Shafts are ~350m apart along strike. • Ground around workings has colluvium/alluvium cover with no significant outcrop. • Gravity Survey highl
Slide 18: Kumarina Project - Planned Drilling
Kumarina Project – Planned Drilling View down main vertical shaft at Snell North For personal use only Prospect • Insert Picture here Copper in mullock from workings Main workings at Snell North Untested Exploration Target – Snell North Prospect
Slide 19: Use of Funds / Indicative Timeline
Use of Funds / Indicative Timeline* Activity Type Metres Cost Equity/ EIS HOR Cash Jul Aug Sep Oct Nov Dec For personal use only 2014 2014 2014 2014 2014 2014 ($000) Funded Outlay ($000) ($000) KUMARINA PROJECT Snell North/Rinaldi RC 2,000 100 35 65 Kumarina Deeps RC 2,500 200 100 100 E52/2930 - Geo
Slide 20: Summary
Summary For personal use only 148,000t Cu metal inventory Highly prospective geological settings which remain untested across large areas Focus at Horseshoe Lights is to build the Mineral Resource (targeting +200,000t contained copper) and drill test for new zones of Cu/Au mineralisation New
Slide 21: Mineral Resource Estimation
Mineral Resource Estimation For personal use only Horseshoe Lights Project In-Situ Mineral Resource Estimation As at 30 June 2013 Type Category Tonnage Cu Au Ag Cu metal Au metal Ag metal (Mt) (%) (g/t) (g/t) (tonnes) (oz) (oz) Measured 0.18 1.25 0.1 0.5 2,300 500 2,800 Indicated 0.15 0.94 0.0 0.4 1
Slide 22: Mineral Resource Estimation - Rinaldi Prospect
Mineral Resource Estimation For personal use only Kumarina Project - Rinaldi Prospect Mineral Resource Estimation As at 30 June 2013 Cut-off Resource grade Tonnes Cu (%) Cu (lbs) Cu (t) Category Cu (%) 519,000 1.24 14,243,000 6,500 Measured 444,000 0.91 8,922,000 4,050 Indicated 0.25 247,000 0.6 3,2
Slide 23: Competent Persons Statement
Competent Persons Statement For personal use only The information in this presentation to which this statement is attached that relates to the Horseshoe Lights Surface Resources and Exploration Results is based on information compiled by Mr Geoff Willetts, who is a Member of the Australian Institute
Slide 24: Contact Details
CONTACT DETAILS Neil Marston For personal use only Managing Director Horseshoe Metals Limited (ASX : HOR) 6/11 Colin Grove, West Perth WA 6005 Ph (08) 9481 5866 Mob: 0427 188 768