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Horseshoe Metals Limited ( (AU:HOR) ) just unveiled an announcement.
Horseshoe Metals has advanced drilling and funding initiatives at its Horseshoe Lights Copper-Gold Project during the December 2025 quarter, completing 2,204 metres of reverse circulation drilling, including 1,824 metres at the Motters zone and 380 metres over western gold targets. Phase 1 drilling delivered broad, shallow copper oxide intercepts from surface, confirming robust mineralisation up to 50 metres wide and supporting potential upgrades in the scale and confidence of the resource, while Phase 2 drilling, set to start in the March 2026 quarter, will target southern extensions of the Motters zone to feed into future economic studies. On the corporate side, Horseshoe is progressing discussions with several commodity traders on potential offtake and funding arrangements, pursuing early cash flow from direct shipping ore sales of existing high-grade copper stockpiles, and has allowed Melody Gold to process certain gold surface materials at Horseshoe Lights while retaining full rights to copper-bearing material and all subsurface copper and gold, moves that collectively aim to strengthen project economics and near-term funding flexibility.
The most recent analyst rating on (AU:HOR) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Horseshoe Metals Limited stock, see the AU:HOR Stock Forecast page.
More about Horseshoe Metals Limited
Horseshoe Metals Limited is an Australian exploration and development company focused on copper and gold, with its flagship asset being the 100%-owned Horseshoe Lights Copper-Gold Project in Western Australia’s Bryah Basin. The project, located about 60km west of Sandfire Resources’ DeGrussa copper mine, is a historic volcanogenic massive sulphide (VMS) discovery that has produced approximately 316,000 ounces of gold and 55,000 tonnes of copper, and currently hosts an in situ resource of 128,000 tonnes of copper at 1.0% and 36,000 ounces of gold.
YTD Price Performance: -2.33%
Average Trading Volume: 571,349
Technical Sentiment Signal: Buy
Current Market Cap: A$31.42M
For detailed information about HOR stock, go to TipRanks’ Stock Analysis page.