Horseshoe Metals Limited · ASX:HOR
Horseshoe Metals — RIU Explorers Conference 2013
27 slides from Horseshoe Metals's conference presentation, Feb 14, 2013
Slide 1: Investor Presentation - RIU Explorers Conference
For personal use only INVESTOR PRESENTATION RIU EXPLORERS CONFERENCE 13-14 FEBRUARY 2013
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: The Investment Case
The Investment Case For personal use only Horseshoe Metals Limited has: Quality copper projects in a highly prospective region of Western Australia Projects which have near term production potential Multiple exploration targets within project areas provide the potential for fresh copper/gold disc
Slide 4: Corporate Summary
Corporate Summary For personal use only Capital Structure Ordinary Shares 75.9 M Options 22.0 M Market Capitalisation $12.1 M (undiluted @ 16 cents per share) Cash at Bank (31/12/2012) $1.1 M Options (20c 30/06/13) 5.8 M Options (35c 25/05/13) 5.4 M Options (45c 25/05/14) 5.4 M Options (60c 25/05/15
Slide 5: Projects Overview
Projects Overview For personal use only Horseshoe Lights Project • located 75km west of DeGrussa Cu/Au mine • includes the Horseshoe Lights Cu/Au mine • significant under-explored land holding over the highly prospective Narracoota Formation Kumarina Project • located 100km north of DeGrussa Cu/Au m
Slide 6: Horseshoe Lights Overview
Overview For personal use only • Volcanogenic Massive Sulphide (VMS) deposit located in the Narracoota Formation • Copper DSO production - 110,691 t @ 25-30% Cu • Mine operations suspended in 1994 • Open pit is approximately 215m deep • Historical drilling indicates that Copper mineralisation extend
Slide 7: Mineral Resource Estimate
Mineral Resource Estimate For personal use only JORC Measured, Indicated and Inferred Mineral Resource estimation as at 31 December 2011: 8.6 Mt @ 1.06% Cu and 0.13g/t Au containing 91,000 t Cu metal & 37,400 oz Au (0.5% cutoff) 2012 drilling results from 65 RC and diamond drill holes (10,181m)
Slide 8: 2012 Drilling – Specialist Rig
2012 Drilling – Specialist Rig For personal use only Horseshoe Lights Project
Slide 9: 2012 Drilling – Shallow High Grade Copper Hits
2012 Drilling – Shallow High Grade Copper Hits For personal use only Horseshoe Lights Project
Slide 10: Cross Sections – Consistent widths North of Pit
Cross Sections – Consistent widths North of Pit For personal use only Horseshoe Lights Project
Slide 11: Development Activities
Development Activities For personal use only • JORC Resource Update. • Mining Study/Preliminary Economic Assessment. • Feasibility Study – scope of any work will be dependent upon the results of Mining Study Development Options • Oxide Ore/Tailings and Stockpiles: Vat/Heap Leach SX/EW Cu Cathode • S
Slide 12: Exploration Strategy
Exploration Strategy Our hypothesis: The high grade For personal use only ore body at Horseshoe Lights is not unique and that additional high grade zones exist nearby. Targeting Strategy: The most prospective horizon for repetitions of high grade mineralisation is considered to be near the contact b
Slide 13: 2013 Drilling – Main Zone Extensions
2013 Drilling – Main Zone Extensions For personal use only Horseshoe Lights Project
Slide 14: 2013 Drilling – Main Zone Extensions
2013 Drilling – Main Zone Extensions For personal use only Horseshoe Lights Project
Slide 15: 2013 Drilling – Other Targets (Area 1)
2013 Drilling – Other Targets For personal use only Area 1: identified DDIP anomaly co-inciding gravity anomaly anomalous Au and Cu in 1980’s shallow drilling (up to 2m @ 20 g/t Au). insufficient drilling at depth favourable geological setting - fold nose near the contact between Narraco
Slide 16: 2013 Drilling – Other Targets (Area 2)
2013 Drilling – Other Targets For personal use only Area 2: identified DDIP anomaly co-inciding gravity anomaly several 1980’s shallow holes only assayed for Au, Cu noted in some logs insufficient drilling at depth favourable geological setting - interpreted shear zone near the contact b
Slide 17: 2013 Drilling – Other Targets (Area 3)
2013 Drilling – Other Targets For personal use only Area 3: identified DDIP anomaly insufficient drilling at depth favourable geological setting – shears and folding Modelling shows anomaly to be near the contact between Narracoota Formation and Ravelstone Formation Horseshoe Lights Project
Slide 18: 2013 Drilling – Other Targets (Area 4)
2013 Drilling – Other Targets For personal use only Area 4: anomalous Au & Cu in shallow historical drill holes. insufficient drilling at depth favourable geological setting – folding and fault zone near the contact between Narracoota Formation and Ravelstone Formation Horseshoe Lights Proje
Slide 19: Kumarina Overview
Overview For personal use only Copper discovered in 1913 Historical workings extend over nearly 5km including the old Kumarina and Rinaldi Copper Mines. Very little modern exploration undertaken on the project area before Horseshoe Metals Limited work. OLD RINALDI HEADFRAME Kumarina Project
Slide 20: Regional Geology
Regional Geology For personal use only • Main workings at Kumarina & Rinaldi shafts are associated with N-S faults. • Multiple other N-S faults identified by aeromagnetic survey under shallow colluvium cover. • These N-S faults and NE-SW shear zones are considered to be prospective for enrichments o
Slide 21: Drilling – Rinaldi Prospect
Drilling – Rinaldi Prospect • Cu intersected over 700m strike length For personal use only • Open along strike and down dip • Maiden JORC Resource Estimate – Feb 2013 Kumarina Project
Slide 22: Copper Mineralisation – Rinaldi Prospect
Copper Mineralisation – Rinaldi Prospect For personal use only • Cu mineralisation generally occurs as pyrite/chalcopyrite blebs and veinlets within quartz veins hosted within the fault zone. • Other copper minerals are evident in the form of bornite and chalcocite Kumarina Project
Slide 23: Exploration Targets
Exploration Targets • Recent results from soil For personal use only geochemistry survey have identified several high order copper anomalies, many of which are co-incident with structural features. • Co-incident soil anomaly identified over Kumarina Deeps Prospect aeromagnetic anomaly • Horseshoe se
Slide 24: Upcoming Activities
Upcoming Activities For personal use only Horseshoe Lights Project Development • JORC Resource Update. • Mining Study (Preliminary Economic Assessment). • Preliminary Feasibility Study (subject to Mining Study outcomes) Exploration • Drilling: down dip and down plunge of main zone geophysical ta
Slide 25: Highlights
Highlights For personal use only Significant and growing Cu Inventory Near term production potential Horseshoe Lights & Kumarina both have excellent exploration potential Strong strategic investor group
Slide 26: Mineral Resource Estimation Table
Mineral Resource Estimation Table 1 For personal use only Horseshoe Lights Project Mineral Resource Estimation As at 31 December 2011 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
Slide 27: 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