Horseshoe Metals (ASX: HOR) is an Australian copper and gold focused exploration company with a package of tenements covering approximately 300km2 in a highly prospective region of Western Australia.
The Company’s projects are the Horseshoe Lights Project and the Kumarina Project. The Horseshoe Lights Project includes the closed Horseshoe Lights Mine which produced over 300,000 ounces of gold and over 54,000 tonnes of copper from 1946-1994.
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Wholly owed subsidiary Murchison Copper Mines Pty Limited holds 100% beneficial interests in the Horseshoe Lights and Kumarina Projects, covering 297.1 square kilometres of mining tenements north of Meekatharra in central Western Australia (see figure 1).
The Horseshoe Lights Project includes the closed Horseshoe Lights mine which operated up until 1994, producing over 300,000 ounces of gold and 54,000 tonnes of copper. The mine has an existing in-situ JORC compliant Inferred Mineral Resource of 4.9 million tonnes @ 1.0% copper containing 48,000 tonnes of copper metal. Although the Horseshoe Lights project has a history of mining and exploration of over 50 years the potential remains to delineate additional near mine resources through systematic exploration.
Copper mineralisation was discovered at Kumarina in 1913. Although approximately 580 tonnes of copper metal is reported to have been mined from the Kumarina Project, the current tenement area has been subjected to only limited modern exploration. Consequently, the Kumarina Project is considered to be at a very early stage of assessment with good potential for the discovery of additional copper mineralisation.
The Board believes the Projects are located in a very prospective area as highlighted by the recent discovery of the nearby Doolgunna copper/gold deposit by Sandfire Resources NL (see figure 2). The Doolgunna deposit is located in the Narracoota Volcanics geological unit, the same unit which hosts the Company’s Horseshoe Lights Mine.
Mr. Jeremy David Shervington - Non-Executive Chairman - B.Juris, LLB
Mr Shervington operates a legal practice in Western Australia. Mr Shervington has approximately 30 years experience as a lawyer. He specialises in the laws regulating companies and the securities industry in Australia. Since 1985 Mr Shervington has served as a director of various ASX listed companies as well as a number of unlisted public and private companies.
Mr Shervington is currently a director of the following ASX listed companies:
Australian Zircon NL and Emerald Oil & Gas NL
Mr. Neil Andrew Marston - Managing Director - B.Com, ACIS
Mr Marston is a qualified accountant and chartered secretary with over 30 years experience working in the resources and other industry sectors. Mr Marston has served most recently as the Company Secretary and/or CFO of Grange Resources Limited and Gippsland Limited. He has extensive experience in the areas of accounting, capital raising, corporate governance and compliance, project management, mining and environmental approvals, contract negotiations and stakeholder engagement.
Mr Marston is not presently a director of any other ASX listed company.
Mr. Michael George Fotios - Non-Executive Director -BSc(Hons) MAusIMM
Mr Fotios has qualifications in Geology specialising in Economic Geology with extensive experience in exploration throughout Australia working with gold, base metals, tantalum, tin and nickel from exploration to feasibility over the last 28 years. He is currently a director of the unlisted company, Investmet Limited, a non-executive director of listed gold producer and explorer, Northern Star Resources Limited, a non-executive director of listed junior explorers General Mining Corporation Limited and Pegasus Metals Limited, and has previously held positions with Homestake Australia Limited, Galaxy Resources Limited, Tantalum Australia NL (now ABM Resources Ltd) and Sons of Gwalia Limited.
Mr. Stuart John Hall - Non- Executive Director - B.Sc Hons, FAusIMM, FGS
Mr Hall is a qualified geologist with over 40 years experience in exploration and mining projects located in Australia and Africa. He has extensive experience in the areas of exploration strategy, mine geology, open pit and underground mining operations, resources/reserve estimations & reconciliation, feasibility studies, mine project development and mine management. Mr. Hall has been involved in the feasibility, construction, commissioning and management of several open pit and underground mining operations. Mr. Hall currently operates his own geological consultancy.
Mr Hall is currently a director of the following ASX listed companies:
Gladiator Resources Limited.
Mr. Damian Delaney - Company Secretary - CA (SA)
Mr Delaney is a Chartered Accountant with over 20 years of experience working with international listed companies.
Mr Delaney commenced his career in South Africa, qualifying with Coopers & Lybrand, before taking up a series of Finance positions in the United Kingdom, finally as FD of LSE listed Tarsus Group plc until 2004. He has worked in the resource sector for the past 7 years and has been involved in numerous capital raisings for the junior resource sector, holding a number of executive and non-executive Directorships. He was Managing Director of Nimrodel Resources Ltd from 2009 to 2011 and is currently a Director and Company Secretary for Genesis Minerals Ltd as well as Company Secretary for Horseshoe Metals Ltd.
Mr Delaney brings significant experience in capital markets for the SME sector. He is fully conversant with all regulatory requirements of the Australian and UK markets and has many years hands on experience managing all aspects of a Company's finances and operations and associated regulatory reporting.
Unit 6/11 Colin Grove
West Perth WA 6005
PO Box 256
WEST PERTH BC WA 6872
Telephone: +61 8 9481 5866
Facsimile: +61 8 9481 5966
DLA Piper Australia
Level 31 Central Park
152-158 St Georges Tce
Perth WA 6000
Telephone: +61 8 6467 6000
Computershare Investor Services Pty Ltd
Level 2, 45 St Georges Terrace
Perth WA 6000
Telephone:+61 8 9323 2000
ASX Code: HOR, HORO