Horseshoe Metals Limited · ASX:HOR
Horseshoe Metals — Investor Presentation (November 2021)
30 slides from Horseshoe Metals's investor presentation, November 2021
Slide 1: Rebirthing the Bryah Basin's Original Major Copper Discovery
Rebirthing the Bryah Basin’s Original Major Copper Discovery Horseshoe Metals Limited ASX: HOR CORPORATE PRESENTATION November 2021
Slide 2: Disclaimer
Disclaimer The material in this presentation (“material”) is not and does not constitute an offer, Resource at Horseshoe Lights Copper/Gold Project”, released to the ASX on 5th June invitation or recommendation to subscribe for, or purchase any security in Horseshoe 2013. The Company confirms that i
Slide 3: Corporate Summary
Corporate Summary Capital Structure Board Ordinary Shares 254.3M Mr Craig Hall - Non-Executive Director Options Nil Mr Alan Still - Non-Executive Director Last Traded Share Price $0.012 Ms Kate Stoney - Non-Executive Director (at 11 December 2019) & Company Secretary Market Capitalisation $3.05M Pro
Slide 4: Transaction Overview
Transaction Overview Shares on Issue 254,252,190 Debt Satisfaction1 1.5c 17,642,115 Advanced Funds Conversion1 2.0c 40,000,000 $800,000 Proposed placement1 (up to) 2.0c 75,000,000 $1,500,000 Debt Reduction1 2.0c 46,500,000 $930,000 Directors Issue1 2.0c 3,000,000 Entitlement Offer (up to) 2.0c 109,0
Slide 5: Use of Funds
Use of Funds Activity Timing Expenditure ($) Horseshoe Lights Project Feasibility Study Current to Feb 22 370,216 Auger/AC/RC Drilling Current to Dec 21 791,055 Diamond Drilling Jan 22 to Apr 22 242,000 Glenloth Project RC Drilling and Geochemistry EPEPR approval plus 2 months 313,500 Project Compli
Slide 6: Horseshoe Lights Cu-Au Project Highlights
Horseshoe Lights Cu-Au Project Highlights ▪ Original Cu/Au VMS discovery in the Bryah Basin ▪ Located approx. 60 km west of DeGrussa Cu mine ▪ Past production ~316,000 oz Au & 55 kt Cu metal ▪ Current in situ resource 128 kt Cu metal @ 1.0% (0.5% cut-off) ▪ Current stockpile resource 9.5 kt Cu metal
Slide 7: Horseshoe Lights Overview
Horseshoe Lights Overview ▪ Historic open pit operated until 1994 in two distinct phases (CIL- Au and Flotation Cu-Au), producing: ✓ 300,000 ounces of gold ✓ 54,000 tonnes of contained copper including ✓ 110,000 tonnes of Direct Shipping Ore (DSO) grading between 20-30% copper ▪ Volcanogenic Massive
Slide 8: Strategic Objectives & Near-Term Focus
Strategic Objectives & Near-Term Focus Horseshoe Lights Copper/Gold Project ▪ Extensive infill drilling of existing open pit copper resource ▪ Drilling of regional targets and extensions outside current resource base ▪ Review of structural setting to target high grade repetitions of VMS lenses (two
Slide 9: Horseshoe Lights and Kumarina - Regional
Horseshoe Lights and Kumarina - Regional
Slide 10: Horseshoe Lights Mine - Regional Setting
Horseshoe Lights Mine - Regional Setting
Slide 11: Horseshoe Lights – Historic Evaluation
Horseshoe Lights – Historic Evaluation Large Historic Database ▪ Substantial drilling completed: ➢ RC 968 holes for 95,130m ➢ Diamond 91 holes for 26,892m ➢ RAB 398 holes for 8,778m ▪ Multiple metallurgical test work programmes – oxide & sulphide ▪ 2014 Scoping study and pit optimisation ▪ Main Zone
Slide 12: Horseshoe Lights Mine – Section 7194030 mN
Horseshoe Lights Mine – Section 7194030 mN
Slide 13: Horseshoe Lights Mine – NW Extension Zone
Horseshoe Lights Mine – NW Extension Zone
Slide 14: Horseshoe Lights – BTD Conceptual Target
Horseshoe Lights – BTD Conceptual Target
Slide 15: Recent RC Drilling - Motters Zone
Recent RC Drilling - Motters Zone 2021 RC Drilling Programme ▪ Motters Zone - designed to confirm and extend known resources ▪ 15 holes completed for 1,143m, to a maximum depth of 139m – results include: ▪45m @ 1.22 % Cu from 2m (Hole RC1151) ▪22m @ 1.87 % Cu from 12m (Hole RC1152) ▪26m @ 1.31 % Cu
Slide 16: Motters Cross Section - 7194440mN
Motters Cross Section - 7194440mN
Slide 17: Horseshoe Lights – Surface Targets
Horseshoe Lights – Surface Targets
Slide 18: Horseshoe Lights – Auger Programme
Horseshoe Lights – Auger Programme Phase 1 Auger Drilling to assess various remnant surface stockpiles from historic gold and copper mining activities. Targets tested ▪ Gold vat leach material (85 holes) ▪ Gold vat perimeter (62 holes) ▪ Gold rehandle stockpile (72 holes) ▪ Gold/Copper flotation tai
Slide 19: Regional Upside – Kumarina
Regional Upside – Kumarina ▪ Copper deposits discovered in 1913 and worked intermittently until 1973 ▪ Workings extend over nearly 5km as a series of pits, shafts and shallow open cuts ▪ Majority of workings are underground with drives from the main shaft extending 100 to 200m to a depth of 49m belo
Slide 20: ASX Peer Comparisons
ASX Peer Comparisons Significant value opportunity versus ASX-listed peers Company Code ~M/Cap ($A) JORC 2012 Resource Project Location Hot Chili Limited HCH 180M 724Mt at 0.48% CuEq for 2.9Mt Costa Fuego Copper Hub, copper Chile (multiple deposits) Caravel Minerals CVV 140M 1.18Bt @ 0.24% Cu for 2.
Slide 21: South Australia - Project Overview
South Australia - Project Overview
Slide 22: Glenloth Gold Project Overview
Glenloth Gold Project Overview ▪ Glenloth EL comprises two areas being Tunkillia North and Glenloth Goldfield ▪ Located about 7 km north and 50 km east respectively of the 1.0 MOz Tunkillia Gold deposit. ▪ Alluvial gold discovery in 1893, and established in 1901 when auriferous reefs were identified
Slide 23: Glenloth Gold Project – Regional Setting
Glenloth Gold Project – Regional Setting
Slide 24: Contact
COVER Contact: Horseshoe Metals t: +61 8 6241 1844 24
Slide 25: Appendices Additional Technical Information
Appendices Additional Technical Information
Slide 26: Horseshoe Metals Current Resources
Horseshoe Metals current resources Horseshoe Lights In situ Category Tonnes (Mt) Cu (%) Au (g/t) Ag (g/t) Cu metal (tonnes) Au metal (oz) Ag metal (k oz) Measured 1.73 1.04 0.0 0.5 18,000 1,900 28.8 Indicated 2.43 0.95 0.0 0.7 23,200 3,400 52.2 Inferred 8.69 1.01 0.1 2.6 87,400 30,700 712.4 Total 12
Slide 27: Horseshoe Lights Mine - Historic Flitch Plans
Horseshoe Lights Mine - Historic Flitch Plans
Slide 28: Motters Cross Section - 7194420mN
Motters Cross Section - 7194420mN
Slide 29: Horseshoe Lights – Auger Programme
Horseshoe Lights – Auger Programme
Slide 30: Glenloth Goldfield – Proposed RC Drilling
Glenloth Goldfield – Proposed RC Drilling
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