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Horseshoe Metals Limited (ASX:HOR)

ALERT: Price-sensitive ASX Announcement for HOR
Current share price for HOR : $0.019 -0.003 (-13.64%)+
Announcement
Release
8 Oct 2026 9:51AM
Price at Release
$0.022
Full Release
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Summary
Horseshoe Metals announced progress at its 100%-owned Horseshoe Lights Copper-Gold Project in Western Australia as part of its plan to prepare an initial 500-tonne copper direct shipping ore (DSO) stockpile for near-term sale. The company has undertaken sampling around the northern and north-eastern base of the C20 stockpile, which contains mixed chalcocite and lower-grade mixed ore, with handheld XRF analysis to verify grade control practices and initial results expected shortly. It also inspected the former flotation crushed ore stockpile to evaluate recovery of copper oxide and sulphate precipitate material during rehabilitation, while one-tonne composite oxide copper samples from Motters Zone RC drilling are being prepared for future column leach test work to assess processing options such as heap leaching and cementation. Supporting these activities, Horseshoe completed electrical upgrades to the site camp, including power supply, generator connections, distribution boards, RCD protection and lighting for the existing 14-person accommodation, and assessed further upgrades to recommission accommodation for eight more personnel. The company also reported receiving multiple non-binding indicative offers from potential offtake partners for DSO material, with finalisation expected in the near term.
Key Points
  • Announcement dated 8 October 2026 relates to DSO sampling and site upgrades at the Horseshoe Lights Copper-Gold Project in Western Australia.
  • Sampling was completed around the northern and north-eastern base of the C20 stockpile to support DSO grade control verification.
  • Handheld XRF analysis is pending, with initial grade control results expected imminently.
  • The C20 stockpile contains mixed chalcocite and lower-grade mixed ore material.
  • The former flotation crushed ore stockpile was inspected for potential recovery of copper oxide and sulphate precipitate material during rehabilitation.
  • One-tonne composite samples from Motters Zone RC drilling are being prepared for future column leach test work.
  • The metallurgical test work is intended to assess leaching characteristics and potential processing options including heap leaching and cementation.
  • Camp electrical upgrades have been completed, including power supply, generator connections, distribution boards, RCD protection and lighting.
  • The upgraded camp currently supports existing 14-person accommodation for increased DSO activities.
  • Further non-critical electrical works were assessed to potentially recommission accommodation for an additional eight personnel.
  • Horseshoe Metals has received multiple non-binding indicative offers from potential DSO offtake partners.
  • The company stated these workstreams are aimed at having the first 500-tonne copper DSO stockpile ready for sale in the very near term.
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.