Title: Disclaimer
1(No Transcript)
2Disclaimer
- Statements in this document, to the extent not
based on historical events, constitute
forward-looking statements. Forward-looking
statements include, without limitation,
statements evaluating market and general economic
conditions in the preceding sections, and
statements regarding future-oriented costs and
expenditures. Investors are cautioned not to
place undue reliance on these forward-looking
statements, which reflect managements analysis
only as of the date thereof. These
forward-looking statements are subject to certain
risks and uncertainties that could cause actual
results to differ materially. Such risks and
uncertainties with respect to the company include
the effects of general economic conditions,
changing foreign exchange rates and actions by
government authorities, uncertainties associated
with legal proceedings and negotiations, industry
supply levels, competitive pricing pressures and
misjudgments in the course of preparing
forward-looking statements.
3Overview
Exploration is the lifeblood of the mining
industry with all mining companies increasingly
hungry for quality projects.
- Focused on the discovery and development of
quality precious and base metal projects in
Brazil and Peru - Concentrated on low-cost / high-reward phased
exploration for maximum shareholder value - Three advanced projects in established mining
districts (100 owned) - El Aguila, Tangara and
Falcao demonstrate potential to host major gold
and silver-zinc systems - First Phase drill programmes completed at Tangara
and El Aguila early results indicate potential
for large mineral systems
4Key Strengths
- Established, experienced economic geological
management team - Ability to risk manage low cost high reward phase
of ED - Control of district/large-scale targets located
in prospective mineral terrains with existing ore
deposits hence increases probability of success - Project and target selection criteria designed to
identify potential to host major US1 billion
in-situ value - Generative programme to increase asset base and
provide pipeline of quality exploration projects - Close contacts with mining companies in Brazil
Peru - aim to be a preferred local exploration
partner Troy Resources JV confirms business
model - Lack of exploration funding has created an
imbalance in supply and demand of mineral
projects Horizonte well positioned to exploit
this opportunity
5Directors
- David J. Hall, Msc, Non Executive Chairman
- 24 years in the exploration sector on projects
and mines in over 40 countries. Previous
positions include chief geologist for MinorcoSA
consultant geologist for Minorco South America
and exploration manager for AngloGold South
America. - Jeremy J. Martin, Msc, ASCM, Director and Chief
Executive Officer (London/Peru/Brazil) - Extensive South American exploration experience
for Inca Pacific Resources Inc followed by
Central America and Europe. He has been involved
in the formation of various AIM listed companies
and has completed a number of high value mineral
project transactions. - Nicholas R. Winer, BSc, Director and Chief
Operations Officer (Brazil) - 20 years experience in gold, base metals and
diamond exploration in South America, Africa and
Australia. Previous positions include exploration
manager for AngloGold do Brazil Ltda.,
exploration manager in Brazil with the
exploration division of BHP Limited. -
- Allan M. Walker, MA, Non Executive Director
- 22 years experience in investment banking,
primarily in energy, project finance and private
equity, particularly in emerging markets.
Previous positions include head of energy finance
in London for Standard Bank Plc director in
global energy and project finance group of Credit
Suisse First Boston in London and head of the
energy group at CSFB Garantia in Sao Paulo,
Brazil.
6Senior Management
- Ian Anthony Bsc (Hons) FCA, Chief Financial
Officer - Ian qualified as a chartered accountant with
Ernst and Young. He then worked at Paribas
Capital Markets, Bankers Trust and most recently
Deutsche Bank where he was a director of balance
sheet management in the treasury department. He
now runs a consultancy, IA Consultants Ltd. - Titus Haggan PhD, Exploration Manager (Brazil)
- Titus has over seven years of experience in the
exploration sector in Central and South America
and has worked on and assessed exploration
projects in the Caribbean, Brazil, Peru,
Argentina and Chile. - Antonio Valério da Silva, Director of HM do
Brasil Ltda. (Brazil) - Antonio is a Brazilian geologist with over 35
years of minerals industry experience. He worked
for five years in the Brazilian Mines Department,
followed by 11 years working for consulting
companies on projects in the Amazon. He has acted
as a consultant to local mining companies and
founded his own company Mineracao Vale dos Reis
Ltda.
7Peru
- Peru is the worlds largest silver producer
- 50 produced from the Cerro de Pasco district
- In 2005 Peru produced 102.6Moz Ag
- Cerro de Pasco supports 80 of Perus base metal
production from 12 large producing mines - Road, rail and process infrastructure in place
Cerro de Pasco is one of the Worlds Great
Mining Districts
8El Aguila Silver-Lead-Zinc
- Granted mining licence covering 10km²
- Straddles the Cerro de Pasco fault a principle
control on mineralisation for mines in the
district - Two initial targets - Pacos Hill and Zona Sur
- High grade sulphide veins known from colonial
times - mined during the 1970s - Excellent infrastructure in place around the
project area
9El Aguila - Results
Results of June 2006 surface and underground work
programme at Pacos Hill
- Veta Sur returned 6 metres grading 10.7 oz/t
Ag, 7.8 Pb and 5.9 Zn. (R-6502 R-6503) - Trench sampling returned 16 metres grading 4.6
oz/t Ag, 2.8 Pb and 0.7 Zn, including 2 metres
at 9.1 oz/t Ag, 6.8 Pb and 1.1 Zn - Underground sample returned 1.2 metres grading
13.9 oz/t Ag, 8.8 Pb, 2.2 Zn and 0.46 g/t Au
Work defined new geological model, metal grades
not only linked to veins but occur as replacement
structures giving significant tonnage potential
drill target definition
10 El Aguila Model
11 Pacos Hill - Drilling Results
- October 2006 Horizonte completed 11 diamond
holes totalling 1,350 meters, the principle
intercepts from this programme are shown below
Weighted Average of US172/tonne Based on 10/oz
Ag 1500/t Pb 3000/t Zn 550/oz Au
12 North Zone - Targets
13 Zona Sur - Target
14 Zona Sur - Target
Underground sample of the Veta Vicky which
returned 1.1g/t Au, 25.5 oz/t Ag, 0.27 Cu,
11.05 Pb and 2.49 Zn
Zone of hydrothermal breccia Zona Sur
15 El Aguila - Summary
- Initial drill results at Pacos Hill demonstrate
high grade Ag-Pb-Zn-(Au)-(Cu) replacement
mineralisation similar to the giant Cerro de
Pasco Deposit - Four target areas defined to date within the
project area. - Grades and widths in line with current producers
in the district - High value per tonne rock - /- 10 g/t Au
equivalent - Excellent infrastructure in place around the
project area for rapid development - Ready market of major Ag-Pb-Zn producers active
in district - Potential High grade silver / zinc deposit
16Brazil
- Brazil is a leading producer of gold, iron ore,
tin, aluminium and shortly copper - Vast under-explored country gt8.25 million km² -
covering wide range of prospective geological
terrains - Presence of major and mid tier mining companies
- Established and growing economy with favourable
investment climate - Proactive government support with efficient mines
department and modern mining legislation
17Tangara Gold Project
- 300 km2 exploration block covering part of
Greenstone Belt with historic gold production in
world-class Carajas Mineral Province - High-grade gold lodes extensive garimpeiro
workings and shafts mined demonstrates gold
potential - Prospective geology, excellent infrastructure and
low environmental sensitivity - Rapid definition of gold targets
18Tangara Gold Project
19Tangara Drill Plan
20Tangara First Results
- October 2006 Horizonte drilled 11 reconnaissance
holes totalling 1,235 meters over - target area of 3 Km2 - the results for the 4
initial holes are shown below
Discovery hole HM DDH-4 include 6.75m _at_ 9.78 g/t
Au
21Follow Up - Malvinas
22Tangara Summary
- 300km2 exploration block in highly prospective
area - Delineation of large scale mineralised system
- Intersections include DDH4 35.13m grading
2.54g/t Au - Five large scale targets within existing Tangara
project area - Excellent infrastructure in place around the
project area - Potential multiple satellite gold discoveries
within 100 controlled greenstone belt.
23Project Pipeline
- Falcao Cu/Au
- Control of 300km² portion of the Inaja Greenstone
Belt (IGB) - 6 km long Cu/Au soil anomaly large scale
mineralised system - Previous wide spaced RC drilling by BHP returned
multiple gold intersections - Discovery potential for bulk tonnage Au/-Cu
deposit - Rio Maria Au
- Extension of the Tangara greenstone belt
- Multipoint stream and soil Au anomaly
- Discovery potential for intrusive related gold
mineralisation - Goias Velho Au
- Control 25km strike length of the Santa Rita
Greenstone Belt - Stream sediment anomalies over 8km trend
- Au values up to 3.1g/t
- High grade Sertao Mine located 18km to the north
operated by Troy Resources - JV signed with Troy Resources July 06 discovery
potential for Sertao style Au
242007 Work Plan
- Tangara - Au
- RC/diamond drilling program to test anomaly
surrounding DDH-4 (35m _at_ 2.5 g/t Au) - Drill test the new Pampeana target.
- Follow up on the MA South and East targets.
- Falcao Au
- Detailed soil grids within BHP anomaly.
- Follow up close spaced RC drilling program
- El Aguila Ag,Zn
- Drill test Zona Sur target area and step out
drilling at Pacos Hill - New Ni Projects
- Advance the new generative Ni projects through to
drill definition
25Why Invest in Horizonte?
- Focused in prospective and stable mining
countries - Exposure to gold, silver, zinc and nickel
- Fully funded for next 15 months
- Resource Statement for El Aguila 2007
crystallisation of value - Definition of large gold system Tangara
follow-up drilling 2007 - Proven delivery - achieved objectives since
listing - Valuation differential since listing
26Key Data
- Market AIM
- Listing range 21p to 34.5p
- Ticker HZM
- Current Share price 22.05p (21.03.07)
- Market Capitalisation 6.78m
- Shares in issue 29.51m
- Nominated Advisor Davy
-
- Nominated Broker Hichens Harrison
27Contacts
- Jeremy Martin
- Managing Director
- Horizonte Minerals plc
- 22 Grafton Street
- London W1S 4EX
- Tel 020 7495 5446
- Mobile 07748 687 366
- Email j.martin_at_horizonteminerals.com
- www.horizonteminerals.com