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Horseshoe Metals Limited ( (AU:HOR) ) has shared an announcement.
Horseshoe Metals Limited has announced significant progress in its Horseshoe Lights Copper-Gold Project, including the approval for Direct Shipping Ore (DSO) mining, which is expected to generate early cash flow from high-grade copper stockpiles. The company has recommissioned its camp to support the DSO start-up and is in discussions with potential copper concentrate offtake partners. Additionally, a strategic placement has raised $851,000 to fund the DSO operations and exploration activities, positioning the company for near-term sales and further development.
More about Horseshoe Metals Limited
Horseshoe Metals Limited operates in the mining industry, focusing on copper and gold exploration and development. The company is primarily engaged in the Horseshoe Lights Copper-Gold Project in Western Australia, which is a significant copper-gold VMS discovery in the Bryah Basin.
YTD Price Performance: 107.14%
Average Trading Volume: 718,072
Technical Sentiment Signal: Buy
Current Market Cap: A$19.62M
Find detailed analytics on HOR stock on TipRanks’ Stock Analysis page.