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An update from Horseshoe Metals Limited ( (AU:HOR) ) is now available.
Horseshoe Metals Limited has announced that Melody Gold Pty Ltd has exercised its option to process gold surface materials at the Horseshoe Lights Copper-Gold Project in Western Australia. This agreement grants Melody a three-year exclusive license to process these materials, which include various stockpiles and tailings from previous mining activities. The processing is expected to generate cash flow that will support Horseshoe’s copper exploration and development efforts. The recommissioning of the Horseshoe Lights camp will facilitate Melody’s operations and Horseshoe’s copper initiatives, marking a strategic move to enhance the project’s value and expedite redevelopment.
More about Horseshoe Metals Limited
Horseshoe Metals Limited is a company operating in the mining industry, focusing on copper and gold production. The company is involved in exploration, development, and processing activities with a market focus on copper and gold resources, particularly at its Horseshoe Lights Copper-Gold Project in Western Australia.
YTD Price Performance: 64.29%
Average Trading Volume: 923,946
Technical Sentiment Signal: Buy
Current Market Cap: A$15.41M
For an in-depth examination of HOR stock, go to TipRanks’ Stock Analysis page.