Horseshoe Metals Limited · ASX:HOR
Horseshoe Metals — Investor Presentation (August 2011)
20 slides from Horseshoe Metals's investor presentation, Aug 3, 2011
Slide 1: Investor Presentation August 2011
For personal use only Investor Presentation August 2011
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 10 • successful IPO raised $7 million • a copper and gold focused company • 100% ownership of the Horseshoe Lights and Kumarina projects • tenements covering ~300 km2 in the resource rich Peak Hill Mineral
Slide 4: Corporate Summary
Corporate Summary For personal use only Capital Structure • Shares 56.1 M • Options 29.3 M • Market Cap $11.2 M (undiluted @ 20 cents per share) • Cash (as at 30 June 2011) $2.1 M Substantial Shareholders • Azure Capital Limited 7.9% Management • Neil Marston (Managing Director) • Jeremy Shervington
Slide 5: Projects Overview
Projects Overview For personal use only Horseshoe Lights • located in the Bryah Basin • 75km WNW of Sandfire’s Degrussa Cu/Au Mine • includes the VMS Horseshoe Lights Cu/Au mine which lies within the Narracoota Formation Kumarina • located in the Bangemall Basin • same geological setting as several
Slide 6: History
Horseshoe Lights Project History For personal use only • Discovered in 1946 • 1950’s:- shallow open pit and underground gold mining • 1984 - 1988:- Gold CIP plant • 1988 – 1994:- Copper flotation plant and Direct Shipping Ore (DSO) • DSO production was 110,691 tonnes • DSO ore (Chalcocite) known to
Slide 7: Historical Mine Production Summary
Horseshoe Lights Project Historical Mine Production Summary For personal use only
Slide 8: 2010 Mineral Resource Estimate
Horseshoe Lights Project 2010 Mineral Resource Estimate For personal use only • Updated in Jan 2010 by 2010 Resource Block Model Coffey Mining. (oblique view) Motters Zone • JORC Inferred Mineral Open Pit Resource estimated as 4.9 Mt @ 1.0% Cu representing 48,000t contained Cu metal North West • Min
Slide 9: Exploration Focus 2010/11
Horseshoe Lights Project Exploration Focus 2010/11 For personal use only • Significant gaps in 2010 Resource Block Model (oblique view) Motters Zone previous drilling identified Open Pit • North West Stringer Zone only tested below 100m depth in areas Exploration Focus 2010/11 adjacent to the Open P
Slide 10: Phases 1-3 Drilling - Results
Horseshoe Lights Project Phases 1-3 Drilling - Results For personal use only • 41 RC holes drilled (8,362m) with Copper mineralisation reported in 37 holes. • NW Stringer Zone mineralisation extended 150m to the north. • Best intercepts recorded – RC 1025 – 16m @ 4.8% Cu (161m) including 3m @ 11.8
Slide 11: Phases 1-3 Drilling - Cross Section
Horseshoe Lights Project Phases 1-3 Drilling - Cross Section For personal use only
Slide 12: Phases 1-3 Drilling – Interpretation
Horseshoe Lights Project Phases 1-3 Drilling – Interpretation For personal use only Motters Zone Open Pit Multiple lenses of copper mineralisation identified by Phases 1- 3 drilling North West Stringer Zone Main Zone
Slide 13: Phase Drilling (Planned H2 2011)
Horseshoe Lights Project Phase 4 Drilling (Planned H2 2011) For personal use only Motters Zone Open Pit Exploration focus will be aimed at extending zones of copper mineralisation Main Zone
Slide 14: Ground Geophysical Surveys
Horseshoe Lights Project Ground Geophysical Surveys For personal use only • VTEM and FLTEM surveys have been completed over the mine area and surrounds. • IP survey to be completed in Sep quarter 2011. • IP survey to test prospective zone South and East of the open pit as well as a zone of conductiv
Slide 15: Kumarina Project
Kumarina Project For personal use only Kumarina also has a history of copper production • Copper discovered in 1913 and worked up until 1973 • Historical workings extend over nearly 3km including a 50m deep shaft and drives • Recorded production was 481 tonnes of copper ore at 37% Cu and 2,340 tonne
Slide 16: Kumarina Project
Kumarina Project For personal use only • Aeromagnetic survey interpretation completed – multiple areas identified for exploration & drilling • High resolution ground geophysical survey to assist drill target identification – Sep Quarter 2011 • Phase 1 drilling to follow heritage survey
Slide 17: 2011 upcoming activities
2011 upcoming activities For personal use only Horseshoe Lights • Ground IP survey • Phase 4 Drilling • Mineral Resource re-estimation Kumarina • Ground geophysical survey & interpretation • Heritage survey • Drilling of targets identified from aeromagnetic and ground geophysical survey. Other Oppor
Slide 18: The Value Opportunity
The Value Opportunity For personal use only Tenements with past production Successful drilling - more planned Mineral Resource – presently 48,000t contained Cu metal and set to be upgraded Near term mining potential
Slide 19: Appendix 1: Inferred Mineral Resources Estimate
Appendix 1: Horseshoe Lights Project Inferred Mineral Resources Estimate For personal use only It is noted in respect of the resource estimation that: • Drilling coverage for the project areas ranges from a nominal 20m by 20m to 40m by 60m. The drill holes are typically orientated either vertically
Slide 20: 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
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