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Horseshoe Metals Limited (ASX:HOR)

ALERT: Price-sensitive ASX Announcement for HOR
Current share price for HOR : $0.021 -0.007 (-25%)+
Announcement
Release
30 Apr 2026 4:32PM
Price at Release
$0.028
Full Release
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Summary
Horseshoe Metals Limited presented its quarterly activities report for the period ending 31 March 2026, highlighting the release of a new exploration target for the Motters Zone at the Horseshoe Lights Copper-Gold Project. This target is estimated to be between 2.6 and 3.6 million tonnes with a copper grade of 1.0-1.5%, and aims to expand the existing Mineral Resource Estimate. Key activities include Phase 2 drilling, targeting oxide zones and stockpiles, and discussions with potential copper concentrate offtake partners. The company also identified potential revenue streams from high-grade gold and silver assays in DSO stockpiles. Financially, Horseshoe Metals reported $3,000 in cash at the end of the quarter, with available financing facilities to support operations.
Key Points
  • Exploration Target for Motters Zone at Horseshoe Lights ranges between 2.6–3.6 million tonnes grading from 1.0–1.5% Cu.
  • Focus on expanding Mineral Resource Estimate through Phase 2 drilling.
  • Engagement with potential copper concentrate international offtake partners.
  • High-grade gold and silver assays reported, potentially enhancing revenue from DSO stockpile sales.
  • Company's cash at the end of the quarter was $3,000, with unsecured financing facilities available.
  • Quarterly cash flow report indicates minimal cash inflow from operating activities.
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.