Horseshoe Metals Limited · ASX:HOR
Horseshoe Metals — Australian Copper Conference 2012
24 slides from Horseshoe Metals's conference presentation, Mar 27, 2012
Slide 1: Investor Presentation - Australian Copper Conference
For personal use only Investor Presentation Australian Copper Conference Brisbane, 27-28 March 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 56.9 M • Options (20c 30/06/12) 22.6 M • Options (20c 30/06/13) 6.1 M • Market Cap $17.9 M (undiluted @ 31.5 cents per share) Substantial Shareholders • Azure Capital Limited 7.9% Management • Neil Marston (Managing Director
Slide 5: Future Funding
Future Funding For personal use only Placement of up to 15 million shares (min. 10 million) @ 27.5 cents to Investmet Limited to raise up to $4.125 million announced Feb 2012. Placement will include one for one free attaching options (up to 15 M), 1/3rd - 35 cents (up to $1.75 M) expiring 12 month
Slide 6: 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 – host to several base metal projects •
Slide 7: History
Horseshoe Lights Project History • 1946:- Horseshoe Lights For personal use only 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 prevented a cutback
Slide 8: Historical Mine Production Summary
Horseshoe Lights Project Historical Mine Production Summary For personal use only
Slide 9: 2011 Drilling - Focus
Horseshoe Lights Project 2011 Drilling - Focus For personal use only 2010 Resource Block Model (NE oblique view) Motters Zone North West Stringer Zone Open Pit Main Zone
Slide 10: 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 – RC 1025 – 16m @ 4.8% Cu (161m) including 3m @ 11.8% Cu RC 1014 – 14m @ 3.7% Cu (128m) including 3m @ 9.8% Cu RC 1019 – 14m @ 3.7
Slide 11: 2011 Drilling - Cross Section
Horseshoe Lights Project 2011 Drilling - Cross Section For personal use only
Slide 12: Open Pit - Looking North
Horseshoe Lights Project Open Pit – Looking North For personal use only MIXED GRADE ALTERATION ZONE HIGH GRADE ZONE (>4% Cu)
Slide 13: 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 14: 2011 Ground Geophysical Survey
Horseshoe Lights Project 2011 Ground Geophysical Survey For personal use only 2 major anomalies (seen in red) on Lines 2 & 6 identified along South East Shear Zone at depths of below 200 metres. Anomalies will be drill tested in H1 2012 drilling programme
Slide 15: 2012 Drilling - Focus
Horseshoe Lights Project 2012 Drilling - Focus For personal use only 1. Test deep DDIP anomalies in the SE shear zone. 2. Test shallow copper resource (< 200m depth) zone north of the pit 3. Test for higher grade copper zones at depth below the existing pit. 2011 Resource Block Model (NE oblique vie
Slide 16: Kumarina Project History
Kumarina Project History For personal use only Copper discovered in 1913 Historical workings extend over nearly 3km including a 50m deep shaft and drives at the old Kumarina Copper Mine. Smaller shaft and underground workings at Rinaldi prospect reported to contain copper in sulphide mineralisation
Slide 17: Kumarina Project Geology
Kumarina Project Geology For personal use only Main workings at Kumarina & Rinaldi appear to be associated with North -South faults. Multiple other N-S faults identified by aeromagnetic survey under shallow colluvium cover
Slide 18: Kumarina Project 2011 Drilling – Rinaldi Prospect
Kumarina Project 2011 Drilling – Rinaldi Prospect Best results recorded: For personal use only KRC060 - 13m @ 3.0% Cu (10m) including 3m @ 9.9% Cu; KRC046 - 17m @ 2.8% Cu (35m) including 5m @ 5.0% Cu; KRC056 - 13m @ 2.7% Cu (67m) including 2m @ 14.4% Cu; KRC061 - 13m @ 2.7% Cu (94m) includin
Slide 19: Kumarina Project 2011 Drilling – Rinaldi Prospect
Kumarina Project 2011 Drilling – Rinaldi Prospect For personal use only Generally the mineralisation style is quartz fissure fillings within an interpreted altered dolerite host. KRC061 & other holes intersected a high grade interval which displays a different style of mineralisation consisting of m
Slide 20: Kumarina Project 2012 Drilling – Rinaldi Prospect
Kumarina Project 2012 Drilling – Rinaldi Prospect For personal use only First programme consists of a minimum 5 diamond drill holes, each with a planned depth of 160 metres, for a total of 800 metres - with a further 2 holes planned if required. The drill holes are targeted close to previous RC hole
Slide 21: Upcoming activities - 2012
Upcoming activities - 2012 For personal use only Kumarina • RC Drilling – follow up of diamond drilling at Rinaldi • Geochemical survey – testing multiple shears and NS fault zones • Geophysical surveys – extension of 2011 work and other target areas identified from geological mapping • RC Drilling
Slide 22: The Investment Opportunity
The Investment Opportunity For personal use only Drilling success with more targets to be tested in 2012 Horseshoe Lights Mineral Resource - 91,000t contained Cu metal & 37,400 oz Au Funding in place to advance projects Near term production potential
Slide 23: Mineral Resource Estimation Table
Mineral Resource Estimation For personal use only Table 1 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