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Horseshoe Metals Limited (ASX:HOR)

ALERT: Price-sensitive ASX Announcement for HOR
Current share price for HOR : $0.022 -0.006 (-21.43%)+
Announcement
Release
19 Aug 2026 9:42AM
Price at Release
$0.028
Full Release
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Summary
Horseshoe Metals Limited has commenced Direct Shipping Ore (DSO) operations at its Horseshoe Lights Copper-Gold Project in Western Australia. The operations involve preparing and stockpiling high-grade DSO material for sale, with the initial sales expected in October and December 2026. This marks a significant milestone as it revitalizes the previously dormant project. The company has engaged multiple buyers and expects strong demand due to the rising copper prices. Revenue from these sales will fund further exploration and development, including a scoping study on potential oxide heap/vat leach operations. The project holds significant upside due to its underdeveloped and underexplored nature, which presents opportunities for staged production and further exploration.
Key Points
  • Commencement of DSO operations at Horseshoe Lights Copper-Gold Project
  • Initial sales of DSO material expected in October and December 2026
  • Engagement with multiple buyers due to strong copper demand
  • Revenue to fund further exploration and development
  • Significant upside potential due to underdevelopment and exploration possibilities
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.