InvestSMART

Horseshoe Metals Limited (ASX:HOR)

ALERT: Price-sensitive ASX Announcement for HOR
Current share price for HOR : $0.019 -0.029 (-60.42%)+
Announcement
Release
30 Jan 2026 6:56PM
Price at Release
$0.048
Full Release
download
Summary
Horseshoe Metals Limited provided an update for the quarter ending 31 December 2025, detailing significant progress in their exploration and development activities at the Horseshoe Lights Copper-Gold Project in Western Australia. The company completed Phase 1 reverse circulation drilling at Motters, revealing robust copper mineralisation, and plans to begin Phase 2 drilling to expand the Motters Zone. Discussions are ongoing with commodity traders for potential offtake and funding, and approval has been granted for a Direct Shipping Ore operation to generate early cash flow. Horseshoe Metals maintains full rights to copper and mixed surface materials, with continued focus on resource upgrades and exploration at Horseshoe Lights.
Key Points
  • Horseshoe Metals Limited reported on its activities for the quarter ended 31 December 2025.
  • Phase 1 RC drilling at Motters was completed with significant copper mineralisation results.
  • Phase 2 drilling is scheduled to commence, focusing on the extension of the Motters Zone.
  • The company is advancing project funding discussions and potential offtake arrangements.
  • A Direct Shipping Ore operation has been approved, aiming to generate early cash flow.
  • Horseshoe Metals retains full rights to copper and mixed Cu/Au surface materials.
  • The Horseshoe Lights Project includes a historic copper-gold mine with significant past production.
  • Horseshoe Metals is planning further exploration and resource upgrades at Horseshoe Lights.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.