Horseshoe Metals

Horseshoe Metals is a copper and gold explorer with a focus on its Horseshoe Lights and Kumarina projects located in the highly prospective Peak Hill Mineral Field in Western Australia.

OVERVIEW

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 Measured, Indicated and Inferred Mineral Resource of 8.4 million tonnes @ 1.1% copper and 0.14g/t gold containing 91,400 tonnes of copper metal and 36,400 oz gold  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. Recent drilling in 2010 and 2011 has consistently intersected zones of copper mineralisation.

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 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. Alec Christopher Pismiris - Non-Executive Director - B.Com, ICSA

Mr Pismiris has been a director, company secretary and chief financial officer of numerous private and public companies including publicly listed companies. His qualifications include a Bachelor of Commerce from the University of Western Australia. He is an Associate of the Chartered Secretaries & Administrators. Mr Pismiris has over 20 years experience in the securities and finance industry.

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 Ltd.

Top 20 Shareholders as at 30 August 2011.