Horseshoe Metals Limited · ASX:HOR
Horseshoe Metals — Investor Presentation (August 2010)
22 slides from Horseshoe Metals's investor presentation, Aug 24, 2010
Slide 1: ASX cover letter: Investor Presentation
For personal use only 24 August 2010 ASX Limited Level 2 Exchange Plaza 2 The Esplanade Perth WA 6000 Dear Sir/Madam INVESTOR PRESENTATION Please find attached an investor presentation that the company will be using in a series of briefings to various stockbrokers and fund managers commencing on 24
Slide 2: Investor Presentation August 2010
For personal use only Investor Presentation August 2010
Slide 3: 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 4: Company Overview
Company Overview For personal use only • HORSESHOE METALS (ASX: HOR) - LISTED ON THE ASX ON 29 JULY 10. - SUCCESSFUL IPO RAISED $7MILLION. • HORSESHOE METALS: - IS A COPPER AND GOLD FOCUSED COMPANY. - HAS 100% RIGHTS TO THE HORSESHOE LIGHTS AND KUMARINA PROJECTS. - TENEMENTS COVER ~300 KM2 IN THE RE
Slide 5: Peak Hill Mineral Field
Peak Hill Mineral Field For personal use only A PROVEN AREA WITH A HISTORY OF GOLD AND COPPER PRODUCTION AND WITH EXCITING NEW EXPLORATION POTENTIAL • NUMEROUS COPPER AND GOLD DEPOSITS/MINES IN THE REGION. • DOOLGUNNA COPPER/GOLD DEPOSIT HELD BY SANDFIRE RESOURCES NL, LOCATED 75 KM ESE OF THE HORSES
Slide 6: Horseshoe Lights and Doolgunna – similar deposits
Horseshoe Lights and Doolgunna – similar deposits For personal use only BOTH DEPOSITS: • ARE CONSIDERED TO BE OF VOLCANOGENIC-HOSTED MASSIVE SULPHIDE (VMS) ORIGIN; • ARE LOCATED IN THE NARRACOOTA VOLCANICS GEOLOGICAL UNIT; • HAVE/HAD A GOLD ENRICHED UPPER OXIDE ZONE; • HAVE/HAD A DEEPER PRIMARY ZONE
Slide 7: Horseshoe Lights – a Proven Performer
Horseshoe Lights – a Proven Performer For personal use only • DISCOVERED IN 1946 • 1984 - 1988:- GOLD CIP PLANT. • 1988 – 1994:- COPPER FLOTATION PLANT AND DIRECT SHIPPING ORE (DSO). • DSO PRODUCTION WAS 110,691 TONNES. DSO ORE KNOWN TO EXCEED 20% CU GRADE WITH GOLD CREDITS. • FINAL OPEN PIT DEPTH –
Slide 8: Production Summary
Horseshoe Lights – Production Summary For personal use only Mine Production Summary 1946 – 1994 Type Tonnes Au g/t Au (oz) Cu % Cu (t) Gold 1,609,806 4.2 219,000 - - Copper Ore/DSO 1,689,314 1.7 94,000 3.2 54,800 TOTAL 3,299,120 2.9 313,000 1.7 54,800 HORSESHOE LIGHTS HAS AN IMPRESSIVE PRODUCTION HI
Slide 9: Inferred Mineral Resources
Horseshoe Lights – Inferred Mineral Resources For personal use only UPDATED RESOURCE STUDY RESOURCE BLOCK MODEL (OBLIQUE VIEW) UNDERTAKEN IN JANUARY 2010 BY COFFEY MINING PROVIDED AN INFERRED MINERAL RESOURCE (@ 0.25% CU CUTOFF): – 4.9 MILLION TONNES @ 1.0% COPPER CONTAINING 48,000 TONNES OF COPPE
Slide 10: Inferred Mineral Resources
Horseshoe Lights – Inferred Mineral Resources For personal use only •INFERRED MINERAL RESOURCE BLOCK MODEL Motter’s Zone RESOURCE LOCATED IN (OBLIQUE VIEW) THREE ZONES ADJACENT TO EXISTING PIT: –MAIN ZONE North West –NORTH-WEST STRINGER Stringer Zone ZONE Main Zone –MOTTER’S ZONE
Slide 11: Exploration Potential
Horseshoe Lights – Exploration Potential For personal use only • PREVIOUS DRILLING FOCUSED PREDOMINANTLY ON LOCATING RESOURCES WITHIN THE MINED RESOURCE BLOCK MODEL Motter’s Zone OUT PIT , NOT OUTSIDE OF THE PIT AREA. (OBLIQUE VIEW) • WHILST THE DRILLING COVERAGE IS EXTENSIVE THERE ARE GAPS WITHIN T
Slide 12: Phase 1 Drilling
Phase 1 Drilling For personal use only INFILL DRILLING NORTH OF THE PIT AT HORSESHOE LIGHTS
Slide 13: Exploration Potential
Horseshoe Lights – Exploration Potential For personal use only • SUBJECT TO THE RESULTS OF PHASE 1 DRILLING RESOURCE BLOCK MODEL Motter’s Zone (OBLIQUE VIEW) LATER PHASES ARE LIKELY TO TARGET: o ADDITIONAL INFILL ZONES AND DOWN DIP EXTENSIONS OF THE NORTH-WEST STRINGER ZONE o ADDITIONAL INFILL ZONES
Slide 14: Exploration Potential
Horseshoe Lights - Exploration Potential For personal use only • SIGNIFICANT EXPLORATION POTENTIAL EXISTS WITHIN THE TENEMENT AREA, PARTICULARLY WITHIN THE NARRACOOTA VOLCANICS. • LIMITED EXPLORATION AND ONLY SHALLOW DRILLING IN SOME PARTS HAS BEEN UNDERTAKEN BY PREVIOUS OWNERS. • PROSPECTIVE AREAS
Slide 15: Surface Material
Horseshoe Lights - Surface Material For personal use only • PRODUCTION RECORDS SHOW THAT 1,420,000 TONNES OF COPPER FLOTATION TAILINGS EXIST AT HORSESHOE LIGHTS. ADDITIONAL LOW GRADE STOCKPILES ALSO REMAIN ON SITE. • PREVIOUS TESTWORK HAS SHOWN THAT THE SURFACE STOCKPILES & COPPER FLOTATION TAILINGS
Slide 16: Existing Infrastructure
Horseshoe Lights - Existing Infrastructure For personal use only THE MINE HAS BEEN ON CONTINUOUS CARE AND MAINTENANCE SINCE ITS CLOSURE IN 1994. REMAINING INFRASTRUCTURE ON SITE INCLUDES: • THICKENER; • POWERHOUSE BUILDING & FUEL TANKS; • WORKSHOP; • STORE AND ANCILLARY BUILDINGS, • SEVERAL STEEL TA
Slide 17: Kumarina Project
Kumarina Project For personal use only THE KUMARINA COPPER PROJECT IS LOCATED APPROX. 120 KM NE OF HORSESHOE LIGHTS MINE. • COPPER DISCOVERED IN 1913 AND WORKED UP UNTIL 1973. • HISTORICAL WORKINGS EXTEND OVER NEARLY 3KM. • AT THE MAIN KUMARINA COPPER MINE, THE UNDERGROUND WORKINGS EXTEND TO A DEPTH
Slide 18: Kumarina Project
Kumarina Project For personal use only THE KUMARINA AREA IS CONSIDERED TO BE AT AN EARLY STAGE OF ASSESSMENT WITH POTENTIAL FOR DISCOVERY OF ADDITIONAL COPPER MINERALISATION. • LIMITED EXPLORATION SINCE MINING OPERATIONS CEASED IN 1973. • SATELLITE IMAGERY INTERPRETATION HAS IDENTIFIED OVER 20 TARGE
Slide 19: Corporate Summary
Corporate Summary For personal use only CAPITAL STRUCTURE • MANAGEMENT SHARES 54.5M – JEREMY SHERVINGTON OPTIONS 30.0M (NON-EXECUTIVE CHAIRMAN) MARKET CAP $12.0M* – NEIL MARSTON *(UNDILUTED @ 22 CENTS PER SHARE, 20 AUG 10) (MANAGING DIRECTOR) CASH (AS AT 20 AUG 10) $4.6M – STUART HALL ( NON-EXECUTIV
Slide 20: Summary
Summary For personal use only • HORSESHOE METALS IS A COPPER AND GOLD EXPLORATION COMPANY WITH KEY PROJECTS IN THE PEAK HILL MINERAL FIELD OF WESTERN AUSTRALIA. • THE ~300 KM2 TENEMENT PACKAGE IS IN A VERY PROSPECTIVE AREA HIGHLIGHTED BY THE RECENT DISCOVERY OF THE NEARBY DOOLGUNNA COPPER/GOLD DEPOS
Slide 21: Appendix 1: Mineral Resources Estimate
Appendix 1: Mineral Resources Estimate For personal use only Horseshoe Lights Project Mineral Resource Estimate – January 2010 OK Estimate Reported above Various Lower Cu Cut-offs Parent cell 20m N by 10m X by 5m Z Density of 2.0t/m3 for all material Cut off (Cu %) Tonnes Cu (%) Au (ppm) 0.00% 4,880
Slide 22: Horseshoe Metals Limited
—_ 45 HORSESHOE METALS LIMITED
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