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Horseshoe Metals Limited (ASX:HOR)

ALERT: Price-sensitive ASX Announcement for HOR
Current share price for HOR : $0.025 0.004 (19.05%)+
Announcement
Release
31 Jul 2026 6:54PM
Price at Release
$0.021
Full Release
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Summary
Horseshoe Metals Limited released its quarterly activities and cash flow report for the quarter ended 30 June 2026. The company continues to focus on its Horseshoe Lights Copper-Gold Project in Western Australia, emphasizing the completion of various exploration and development activities, including the nearing completion of an updated pit optimization study. Assaying of direct shipping ore samples indicated significant gold and silver credits, enhancing potential revenue streams. Discussions with potential offtake partners for copper concentrate are ongoing, and a commercial agreement with Melody Gold Pty Ltd for processing gold surface materials has been exercised. Financially, the company reported cash and cash equivalents of $3,000 at the end of the quarter, with secured convertible loan facilities amounting to $4,000,000, providing a substantial runway for future operations.
Key Points
  • Quarterly report for period ending 30 June 2026
  • Focus on Horseshoe Lights Copper-Gold Project
  • Significant precious metal credits from DSO samples
  • Pit optimization study nearing completion
  • Ongoing discussions with offtake partners
  • Commercial agreement with Melody Gold exercised
  • Cash equivalents of $3,000 at quarter end
  • Secured convertible loan facilities of $4,000,000
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.