Horseshoe Metals Limited · ASX:HOR
Horseshoe Metals — AMEC Convention 2012
23 slides from Horseshoe Metals's conference presentation, Sep 7, 2012
Slide 1: Investor Presentation – AMEC Convention
For personal use only Investor Presentation AMEC Convention September 2012
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: Company Overview
Company Overview For personal use only Horseshoe Metals (ASX: HOR) • 100% ownership of the Horseshoe Lights and Kumarina projects • both projects have a history of gold and/or copper production • our aim is to recommence mining operations at the Horseshoe Lights Mine with the Kumarina project potent
Slide 4: Corporate Summary
Corporate Summary For personal use only Capital Structure • Ordinary Shares 75.7 M • Options (various prices) 21.1 M • Market Cap $17.4 M (undiluted @ 23 cents per share) • Cash at Bank (31/08/12) $2.9 M Substantial Shareholders • Investmet Limited group 19.8% • Azure Capital Limited 6.7% Management
Slide 5: Projects Overview
Projects Overview For personal use only Horseshoe Lights Project • located 75km west of DeGrussa Cu/Au Mine. • includes the closed VMS Horseshoe Lights Cu/Au mine. Kumarina Project • located 90km north of DeGrussa Cu/Au Mine. • includes the closed Kumarina Copper Mine.
Slide 6: History
Horseshoe Lights Project History For personal use only • 1984:- Gold CIP plant. • 1988:- Production switched to copper concentrate and Direct Shipping Ore (DSO). • 1994:- Mining suspended as low copper prices prevented a cutback of the pit. • DSO production was 110,691 tonnes.
Slide 7: 2011 Mineral Resource Estimate
Horseshoe Lights Project 2011 Mineral Resource Estimate For personal use only JORC Measured, Indicated and Inferred Mineral Resource estimation: 8.6 Mt @ 1.06% Cu and 0.13g/t Au at 0.5% cut-off grade representing 91,000 t contained Cu metal & 37,400 oz Au 2011 Resource Block Model (NE oblique view)
Slide 8: Building the Resource Base
Horseshoe Lights Project Building the Resource Base For personal use only
Slide 9: Building the Resource Base
Horseshoe Lights Project Building the Resource Base For personal use only
Slide 10: Drilling – Latest Results
Horseshoe Lights Project Drilling – Latest Results For personal use only
Slide 11: Cross Section - NW Stringer Zone
Horseshoe Lights Project Cross Section - NW Stringer Zone For personal use only
Slide 12: Drilling – Following Leads Down Dip
Horseshoe Lights Project Drilling – Following Leads Down Dip For personal use only
Slide 13: Drilling – Testing Deeper Targets
Horseshoe Lights Project Drilling – Testing Deeper Targets For personal use only
Slide 14: Kumarina Project History
Kumarina Project History For personal use only • Copper discovered in 1913 with main mining occurring in 1960’s • Historical workings over 5km area • Kumarina Copper Mine was the second largest copper mine in the Bangemall Basin • Very little modern exploration undertaken on the project area RINALDI
Slide 15: Kumarina Project Geology
Kumarina Project Geology For personal use only
Slide 16: Kumarina Project 2011/12 Drilling – Rinaldi Prospect
Kumarina Project 2011/12 Drilling – Rinaldi Prospect For personal use only 2 RC drilling programmes completed in late 2011, several sites recon drilled Copper mineralisation intersected over ~300m strike length at Rinaldi Prospect. Best result recorded from 2011 RC drilling: KRC060 - 13m @ 3.0% Cu
Slide 17: Kumarina Project 2011/12 Drilling – Rinaldi Prospect
Kumarina Project 2011/12 Drilling – Rinaldi Prospect For personal use only Generally the mineralisation occurs as chalcopyrite blebs and veinlets within quartz veins hosted within a diorite dyke. The copper mineralisation appears to be structurally controlled as further quartz hosted copper minerali
Slide 18: Kumarina Project Drilling – Kumarina
Kumarina Project Drilling – Kumarina Minimum of 4,000 metres of RC drilling to commence this week. For personal use only
Slide 19: Kumarina Project Drilling – Kumarina Deeps
Kumarina Project Drilling – Kumarina Deeps For personal use only • Horseshoe selected to receive $101,754 WA Government co- funded drilling grant. • Funds to be utilised to drill an untested magnetic anomaly at Kumarina Deeps Prospect.
Slide 20: Upcoming Activities
Upcoming Activities For personal use only Horseshoe Lights • Drilling - additional RC drilling. diamond drilling – deep targets. • JORC Resource Update. • Preliminary Feasibility Study Kumarina • HyVista Survey. • Drilling - follow up RC drilling about to start. Kumarina Deeps Prospect (EIS
Slide 21: Highlights
Highlights For personal use only Exploration success with follow-up drilling programmes in progress Horseshoe Lights Mineral Resource - 91,000 t contained Cu & 37,400 oz Au Strong support from strategic investor group Near term production potential
Slide 22: Mineral Resource Estimation
Mineral Resource Estimation Table 1 For personal use only Horseshoe Lights Project Mineral Resource Estimation Measured Indicated Inferred TOTAL Cut-off Copper Gold Copper Gold Copper Gold Copper Gold Tonnes Grade Grade Tonnes Grade Grade Tonnes Grade Grade Tonnes Grade Grade (Cu %) Metal Metal Meta
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 Exploration Results is based on information compiled by Mr Geoff Willetts, who is a Member of the Australian Institute of Geoscientists. Geoff Willetts is a full