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Horseshoe Metals Limited (ASX:HOR)

ALERT: Price-sensitive ASX Announcement for HOR
Current share price for HOR : $0.021 -0.026 (-55.32%)+
Announcement
Release
18 Feb 2026 9:54AM
Price at Release
$0.047
Full Release
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Summary
Horseshoe Metals Limited has announced a new Exploration Target for the Motters Zone at the Horseshoe Lights Project in Western Australia. The Exploration Target is estimated at a depth of 600 meters below the surface and includes copper mineralization in oxide, transitional, and sulphide zones with copper grades ranging from 1.0% to 1.5%. The Motters Zone exhibits significant copper mineralization hosted by deformed mafic sediments and volcanics over a 300-meter strike and to a minimum depth of 300 meters below the surface. Planned Phase 2 drilling aims to test further mineralization along strike and down plunge, with proposals to expand the existing Mineral Resource Estimate footprint. Discussions with commodity traders regarding potential copper offtake and funding arrangements are underway.
Key Points
  • Exploration Target for Motters Zone estimated to a depth of 600 meters
  • Copper grades range from 1.0% to 1.5%
  • Significant copper mineralization over a 300-meter strike
  • Phase 2 drilling to test further mineralization and expand resource estimate
  • Discussions with commodity traders for copper offtake and funding
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.