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Title: Disclaimer


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2
Disclaimer
  • 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.

3
Overview
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

4
Key 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

5
Directors
  • 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.

6
Senior 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.

7
Peru
  • 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
8
El 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

9
El 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

16
Brazil
  • 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

17
Tangara 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

18
Tangara Gold Project
19
Tangara Drill Plan
20
Tangara 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
21
Follow Up - Malvinas
22
Tangara 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.

23
Project 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

24
2007 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

25
Why 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

26
Key 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

27
Contacts
  • 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
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