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Horseshoe Metals Limited (ASX:HOR)

ALERT: Price-sensitive ASX Announcement for HOR
Current share price for HOR : $0.020 -0.005 (-20%)+
Announcement
Release
28 Apr 2026 9:52AM
Price at Release
$0.025
Full Release
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Summary
Horseshoe Metals Limited has reported significant findings from the Horseshoe Lights Copper-Gold Project in Western Australia, highlighting the value addition from precious metal credits in its Direct Shipping Ore (DSO). Recent assays reveal high-grade gold and silver content, with assays showing up to 2.56 g/t gold and 107.3 g/t silver, which are expected to significantly enhance revenue from copper stockpile sales. The assays have spurred discussions with potential offtake partners, indicating further revenue potential in addition to the copper content. This development, along with a strong copper market and DSO mining approval, positions Horseshoe Metals for substantial near-term cash flow and shareholder value. The Horseshoe Lights Project, historically a major copper and gold producer, continues to present exploration upside with its multi-stage development profile and has shown promising precious metal intercepts from historical drilling.
Key Points
  • High-grade gold and silver assays from the Horseshoe Lights Project.
  • Significant precious metal credits to enhance DSO copper stockpile value.
  • Potential additional revenue stream from gold and silver credits.
  • Strong copper market supports near-term cash flow potential.
  • Discussions with new potential offtake partners.
  • DSO mining approval facilitates early cash flow.
  • Historical data showcases exploration upside for the project.
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.