Horseshoe Metals Limited · ASX:HOR
Horseshoe Metals — Investor Presentation (July 2012)
24 slides from Horseshoe Metals's investor presentation, Jul 12, 2012
Slide 1: Investor Presentation July 2012
For personal use only Investor Presentation July 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) • listed on the ASX in July 2010 • a copper and gold focused company • 100% ownership of the Horseshoe Lights and Kumarina projects • tenements covering ~300 km2 in Peak Hill Mineral Field • our aim is to recommence mining at the Hor
Slide 4: Corporate Summary
Corporate Summary For personal use only Capital Structure • Ordinary Shares 70.7 M • Options (20c 30/06/13) 6.1 M • Options (35c 25/05/13) 3.3 M • Options (45c 25/05/14) 3.3 M • Options (60c 25/05/15) 3.3 M • Market Cap $14.1 M (undiluted @ 20 cents per share) • Cash at Bank (30/06/12) $2.5 M Substa
Slide 5: Projects Overview
Projects Overview For personal use only Horseshoe Lights • located in the Bryah Basin • 75km west of DeGrussa Cu/Au Mine • includes the closed VMS Horseshoe Lights Cu/Au mine which lies within the Narracoota Formation Kumarina • located in the Bangemall Basin which hosts several base metal projects
Slide 6: History & Production Summary
Horseshoe Lights Project History & Production Summary For personal use only • 1946:- Horseshoe Lights discovered • 1950’s:- shallow open pit and underground gold mining • 1984:- Gold CIP plant • 1988:- Copper flotation plant and Direct Shipping Ore (DSO) • 1994:- Mining suspended – low copper prices
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: 2011 Drilling - Results
Horseshoe Lights Project 2011 Drilling - Results For personal use only NW Stringer Zone mineralisation extended 150m further to the North. Best intercepts recorded – RC1025 – 16m @ 4.8% Cu (161m) including 3m @ 11.8% Cu RC1014 – 14m @ 3.7% Cu (128m) including 3m @ 9.8% Cu RC1019 – 14m @ 3.7% C
Slide 9: 2011 Drilling - Cross Section
Horseshoe Lights Project 2011 Drilling - Cross Section For personal use only
Slide 10: 2012 Drilling - Focus
Horseshoe Lights Project 2012 Drilling - Focus For personal use only 1. Test for shallow copper resources north of the pit. 2. Test for higher grade copper zones at depth below the existing pit. 3. Test for southerly plunge & dip extensions to the Main Zone. 2011 Resource Block Model (NE oblique vie
Slide 11: 2012 Drilling Target
Horseshoe Lights Project 2012 Drilling Target • 400m wide alteration zone north of the pit remains largely untested. For personal use only • Most old sterilisation holes not assayed for Copper. • Specialist RC rig (Aardvark) on site drilling shallow angle holes under dump.
Slide 12: 2012 Drilling – Latest Results
Horseshoe Lights Project 2012 Drilling – Latest Results For personal use only Aardvark rig drilling -20o & -40o dip holes Best intercepts recorded to date – RC1044 – 16m @ 3.0% Cu (60m) including 10m @ 4.4% Cu RC1043 – 18m @ 1.5% Cu (55m) including 3m @ 3.4% Cu
Slide 13: 2012 Drilling – Cross Section
Horseshoe Lights Project 2012 Drilling – Cross Section For personal use only
Slide 14: Kumarina Project History
Kumarina Project History For personal use only Copper discovered in 1913 Historical workings extend over nearly 3km including the old Kumarina Underground Copper Mine. Smaller shaft and underground workings at Rinaldi prospect reported to contain copper in sulphide mineralisation RINALDI HEADFRAME
Slide 15: Kumarina Project Geology
Kumarina Project Geology For personal use only Main workings at Kumarina & Rinaldi shafts appear to be associated with North - South faults. Multiple other N-S faults identified by 2011 aeromagnetic survey under shallow colluvium cover. Regional ground mapping and soil sampling to assist in drill ta
Slide 16: Kumarina Project 2011 Drilling – Rinaldi Prospect
Kumarina Project 2011 Drilling – Rinaldi Prospect Copper mineralisation intersected over For personal use only ~300m strike length. Best results recorded from RCP drilling: KRC060 - 13m @ 3.0% Cu (from 10m) including 3m @ 9.9% Cu; KRC046 - 17m @ 2.8% Cu (35m) including 5m @ 5.0% Cu; KRC056 - 1
Slide 17: Kumarina Project 2011 Drilling – Rinaldi Prospect
Kumarina Project 2011 Drilling – Rinaldi Prospect For personal use only Generally the mineralisation style is quartz vein hosted within a quartz diorite dyke. The copper mineralisation appears to be structurally controlled with the main concentration of quartz veins occurring as a stockwork in the h
Slide 18: Kumarina Project 2012 Drilling – Rinaldi Prospect
Kumarina Project 2012 Drilling – Rinaldi Prospect For personal use only 7 diamond drill holes completed in April 2012. Best results recorded were: KDD007 - 14m @ 4.4% Cu (from 33m) including 4m @ 9.0% Cu and 32m @ 0.9% Cu (48m); KDD005 - 7m @ 4.8% Cu (94m) including 2m @ 9.4% Cu; KDD001 - 7m @
Slide 19: Kumarina Project 2012 Drilling – Rinaldi Prospect
Kumarina Project 2012 Drilling – Rinaldi Prospect For personal use only
Slide 20: Kumarina Project 2012 Drilling – Kumarina Deeps
Kumarina Project 2012 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. • Drilling expected to occur H2 2012.
Slide 21: Upcoming activities - 2012
Upcoming activities - 2012 For personal use only Horseshoe Lights • Drilling additional RC drilling - results to be released as they become available. diamond drilling – deep targets to be tested. • JORC Resource Update. Kumarina • Geochemical survey over most of licence area. • Geophysical surv
Slide 22: The Investment Opportunity
The Investment Opportunity For personal use only Drilling success at both projects with more drilling in 2012 Horseshoe Lights Mineral Resource - 91,000t contained Cu metal & 37,400 oz Au Strong support from strategic investor group Near term production potential
Slide 23: Mineral Resource Estimation Table
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 24: 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