Using a textbook value for Slate of R = 0.1 for 1"
Building the assembly as
.375" Terracotta
1.25" Air
.375" Terracotta
I got an assembly R value of 2 hr-ft2-degF/Btu, or a U value of 0.5 Btu/hr-ft2-degF.
Might not be perfect, but it should be pretty close.