New Risk • May 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.1m free cash flow). Negative equity (-AU$1.4m). Revenue is less than US$1m (AU$250k revenue, or US$181k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$19.5m market cap, or US$14.1m). Anuncio • Apr 21
Horseshoe Metals Limited, Annual General Meeting, May 20, 2026 Horseshoe Metals Limited, Annual General Meeting, May 20, 2026. Location: at level 1, 34 king st, perth wa Australia New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-AU$1.6m). Revenue is less than US$1m (AU$112k revenue, or US$77k). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (AU$21.0m market cap, or US$14.4m). New Risk • Jan 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-AU$1.6m). Revenue is less than US$1m (AU$112k revenue, or US$75k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$32.8m market cap, or US$22.0m). Anuncio • Jul 02
Horseshoe Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.851 million. Horseshoe Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.851 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,523,810
Price\Range: AUD 0.021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: AUD 0.021
Transaction Features: Subsequent Direct Listing Anuncio • Apr 30
Horseshoe Metals Limited, Annual General Meeting, May 29, 2025 Horseshoe Metals Limited, Annual General Meeting, May 29, 2025. Location: at level 2, 50 kings park rd, west perth wa 6005 Australia Anuncio • Mar 30
Horseshoe Metals Limited announced that it expects to receive AUD 4 million in funding from Obsidian Metals Group Pty Ltd Horseshoe Metals Limited announced that it has entered into a secured convertible loan agreement for the gross proceeds of up to AUD 4,000,000 on March 28, 2025. The transaction will include participation from Obsidian Metals Group Pty Ltd. The loan will have a coupon rate of 12% per annum and will be repayable within three (3) years of the date of execution of the agreement. The loan may be converted to fully paid ordinary shares in the Company at the Lender’s election, at the higher of the 5-day VWAP of the Company’s securities or AUD 0.02 per share. New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.9m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-AU$561k). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (AU$8.6k revenue, or US$5.7k). Market cap is less than US$10m (AU$5.31m market cap, or US$3.52m). Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Anuncio • Apr 30
Horseshoe Metals Limited, Annual General Meeting, May 30, 2024 Horseshoe Metals Limited, Annual General Meeting, May 30, 2024, at 11:00 W. Australia Standard Time. Location: Level 2, 50 Kings Park Road West Perth Australia Agenda: To adopt Remuneration Report; to re-elect of Director Ms Kate Stoney; to elect Director Mr Seldon Mart; to approve 10% Placement Facility; to approve replacement of Constitution; and to approve Employee Securities Incentive Plan. Reported Earnings • Mar 30
Full year 2023 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in FY 2022) Full year 2023 results: AU$0.002 loss per share (improved from AU$0.004 loss in FY 2022). Net loss: AU$1.29m (loss narrowed 45% from FY 2022). Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Alan Still was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Dec 14
Horseshoe Metals Limited Announces Board Changes Horseshoe Metals Ltd. announced the appointment of Mr. Seldon Mart as a Non-Executive Director of the Company with immediate effect. Mr. Mart is a highly qualified geologist with over 35 years' experience in resource evaluation, project development and mine management roles across Australia and internationally. Seldon is a Fellow of the Australasian Institute of Mining and Metallurgists and holds the degree of Master of Science (Geology) from Curtin University. Mr. Mart is principal of an international geological and environmental consulting firm and was the founder of MineMap Pty Ltd. Seldon was recently engaged as senior consulting hydrogeologist at the Ok Tedi Copper-Gold Mine in New Guinea and has previously held senior management roles at Griffin Mining Ltd, Mt Gibson Iron Ltd. and Tanami Gold NL. Mr. Mart's diverse experience and extensive technical skillset will complement the Board's existing expertise as it advances its high-grade copper direct shipping ore (DSO) strategy at its flagship Horseshoe Lights Copper-Gold Project in Western Australia. Mr. Mart will also provide valuable input as the Company evaluates other strategic copper opportunities in the region. Horseshoe additionally advises that Mr. Craig Hall has resigned as a Non-Executive Director of the Company with immediate effect. Reported Earnings • Sep 18
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in 1H 2022) First half 2023 results: AU$0.001 loss per share (improved from AU$0.003 loss in 1H 2022). Net loss: AU$646.9k (loss narrowed 60% from 1H 2022). New Risk • Jun 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-AU$1.5m). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$21k revenue, or US$14k). Market cap is less than US$10m (AU$9.65m market cap, or US$6.46m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Anuncio • May 20
Horseshoe Metals Limited Appoints Josh Merriman as Joint Company Secretary Horseshoe Metals Limited announced the appointment of Mr. Josh Merriman as Joint Company Secretary with immediate effect. Mr. Merriman is an experienced finance professional who has held positions with public and private companies across several sectors. Kate Stoney continues as Joint Company Secretary. For the purposes of ASX Listing Rule 12.6, the Company confirms that each of Ms Stoney and Mr. Merriman will be responsible for communication with ASX in relation to listing rule matters. Anuncio • Feb 16
Horseshoe Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Horseshoe Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Anuncio • Nov 17
Horseshoe Metals Limited Commences RC Drilling at Main Zone, Motters and North Dump Horseshoe Metals Limited announced that Reverse Circulation (RC) drilling has commenced at the Company's 100% owned Horseshoe Lights Copper-Gold Project in Western Australia. Drilling will test the northern strike extension of the Main Zone including an interpreted northern plunge to the mineralisation. Previous geological interpretation and magnetic data suggests the dolerite that cuts the northern end of the Motters structure does note extend far enough west to intersect the Main Zone. Current and future drilling will test this interpretation. Motters RC drilling will focus on testing mineralisation south along strike from the latecross cutting dolerite dyke and above the dolerite down plunge to the south. A review of historic RC and diamond drilling results at a 0.3% Cu cut off was undertaken following the successful RC drilling completed in May (Significant results include: Main Zone 47m at 8.35% Cu from 37m (RC-846 - Drilled 1993). 98m at 2.54% Cu from 58m (RC-368 - Drilled 1987). 44m at 3.98% Cu from 158m (RC-420 - Drilled 1987). 47m at 3.43% Cu from 39m (RC1152 - Drilled 1993). 32m at 3.11% Cu from 43m and 35m at 2.80% Cu from 160m (RC1068 - Drilled 2012). 51m at 1.92% Cu from 38m (RC1091 - Drilled 2012). 28m at 3.39% Cu from 72m (RC-666 - Drilled 1988). 28m at 3.28% Cu from 9m (RC1135 - Drilled 2015). 72m at 1.11% Cu from 32m (RC1180 - Drilled 2022) Motters Zone. 53m at 1.35% Cu from 0m (RC1058 - Drilled 2012). 32m at 1.77% Cu from 197m (RC1101 - Drilled 2013). 48m at 1.17% Cu from 0m (RC1151 - Drilled 2021). 36m at 1.27% Cu from RC1152 - Drilled 2021). 33m at 1.37% Cu from 0m (HDD004 - Drilled 2012). 30m at 1.44% Cu from 42m (RC-826 - Drilled 1992). 37m at 1.14% Cu from 0m (RC1112 - Drilled 2015) 34m at 1.09% Cu from 0m (RC1149 - Drilled 2021). 28m at 1.26% Cu from 90m (RC1084 - Drilled 2012). 28m at 1.23%Cu from 9m (RC848 - Drilled 1992). 16m at 1.10% Cu from 50m (RC1161 - Drilled 2022). Note the results only include all or parts of drill holes that sit outside the existing open pit at Horseshoe Lights and most holes are downhole intersects that are approximately 80% to 90% of true width in Main Zone and not true width at Motters. Main Zone mineralisation extends from surface in the northern extension to a depth of approximately 300 metres. Proposed Work Programmes and Next Steps: The following activities at Horseshoe Lights are planned over the coming months: RC drill testing Main Zone northern extensions and down plunge. RC drill testing of Motters southern extension and down plunge. RC and/or auger infill drilling of surface materials in stockpiles and northern waste dump. Additional metallurgical test work on oxide copper stockpiles and targets. Gravity recovery test work on Copper Flotation and CIP tailings. Ongoing Review of scoping study results to incorporate potential oxide heap leach SXEW treatment Horseshoe Lights Copper-Gold Project Existing Resource Base The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60 km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes around 316,000 oz Au & 55 kt Cu metal in two phases of mining. The deposit contains the following existing resource base: Current in situ resource 128,000t Cu metal at 1.0% (0.5% cut-off). Current M15 stockpile resource 2650 t Cu metal at 1.1%. Current Flotation tailings resource 6,800 t Cu metal at 0.48% and 15,300oz Au at 0.34 g/t. Anuncio • Oct 28
Horseshoe Metals Limited Provides an Update on Further Encouraging Results Received from A Recently Completed Review of Historic Reverse Circulation and Diamond Drilling Targeting the Main Zone Within the Horseshoe Lights Copper-Gold Project in Western Australia Horseshoe Metals Limited provided an update on further encouraging results received from a recently completed review of historic Reverse Circulation and diamond drilling targeting the Main Zone within the Company's Horseshoe Lights Copper-Gold Project in Western Australia. Importantly, the review identified a significant increase in width to the Main Zone at a 0.3% Cu cut-off, which given the current copper price, is considered the appropriate cut- off grade and better reflects the size and scale of the Horseshoe Lights ore body. A review of historic RC and diamond drilling results at a 0.3% Cu cut off was undertaken following the successful RC drilling completed in May that returned the following significant results. Main Zone: 72m @ 1.11% Cu from 32m incl. 29m @ 1.65 % Cu from 32m and 12m @ 1.52% Cu from 182m,Motters Zone: 16m @ 1.10% Cu from 50m, (RC1161), 37m @ 0.68% Cu from 54m incl. 12m @ 1.02% Cu from 75m, (RC1164),21m @ 0.61% Cu from 63m incl. 5m @1.45% Cu from 63m, (RC1165), 36m @ 0.62% Cu from 50m incl. 13m @ 0.91% Cu from 73m, (RC1166). Significant intercepts include: 47m @ 8.35% Cu from 37m (RC-846 - Drilled 1993), 98m @ 2.54% Cu from 58m (RC-368 - Drilled 1987),44m @ 3.98% Cu from 158m (RC-420 - Drilled 1987),47m @ 3.43% Cu from 39m (RC1152 - Drilled 1993), 32m @ 3.11% Cu from 43m (RC1068 - Drilled 2012) and 35m @ 2.80% Cu from 160m, 51m @ 1.92% Cu from 38m (RC1091 - Drilled 2012), 28m @ 3.39% Cu from 72m (RC-666 - Drilled 1988), 28m @ 3.28% Cu from 9m (RC1135 - Drilled 2015), 72m @ 1.11% Cu from 32m (RC1180 - Drilled 2022). Main Zone mineralisation extends from surface in the northern extension to a depth of approximately 300 metres. The next phase of RC drilling will focus on the sparsely drilled mineralisation north along strike from the completed drilling immediately west of the late cross cutting dolerite dyke that is interpreted to terminate just to the east of Main Zone. In addition, targets that are down dip beneath the existing open pit and west of the dolerite will also be tested. Planning is underway to test the northern strike extension of the Main Zone including an interpreted northern plunge to the mineralisation. Previous geological interpretation and magnetic data suggests the dolerite that cuts the northern end of the Motters structure does not extend far enough west to intersect the Main Zone. Future drilling will test this interpretation. An RC drill rig has arrived on site and drilling is expected to commence imminently. Proposed Work Programmes and Next Steps: The following activities at Horseshoe Lights are planned over the coming months: RC drill testing Main Zone northern extensions and down plunge, RC drill testing of Motters southern extension and down plunge, RC and or auger infill drilling of surface materials in stockpiles and northern waste dump, Additional metallurgical test work on oxide copper stockpiles and targets, Gravity recovery test work on Copper Flotation and CIP tailings, Ongoing Review of scoping study results to incorporate potential oxide heap leach SXEW treatment. Horseshoe Lights Copper-Gold Project Existing Resource Base. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60 km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes around 316,000 oz Au & 55 kt Cu metal in two phases of mining. The deposit contains the following existing resource base: Current in situ resource 128,000 t Cu metal @ 1.0% (0.5% cut-off), Current M15 stockpile resource 2650 t Cu metal @ 1.1%, Current Flotation tailings resource 6,800 t Cu metal @ 0.48% and 15,300oz Au at 0.34 g/t. Anuncio • Oct 11
Horseshoe Metals Limited Provides an Update on Horseshoe Lights Copper-Gold Project in Western Australia Horseshoe Metals Limited provided the encouraging results from a recently completed review of historic Reverse Circulation (`RC') and diamond drilling targeting the Motters Zone within the Company's Horseshoe Lights Copper-Gold Project in Western Australia. Importantly, the review identified a significant number of broad copper intercepts in the Motters Zone at a 0.3%Cu cut-off, which given the current copper price, is considered the appropriate cut-off grade and more accurately reflects the size and scale of the mineralised system at Horseshoe Lights. A review of historic RC and diamond drilling results at a 0.3% Cu cut off was undertaken following the successful RC drilling completed in May that returned the following significant results: Main Zone: 72m @ 1.11% Cu from 32m incl. 29m @ 1.65 % Cu from 32m and 12m @ 1.52% Cu from 182m. Motters Zone: 16m @ 1.10% Cu from 50m, (RC1161). 37m @ 0.68% Cu from 54m incl. 12m @ 1.02% Cu from 75m, (RC1164). 21m @ 0.61% Cu from 63m incl. 5m @1.45% Cu from 63m, (RC1165). 36m @ 0.62% Cu from 50m incl. 13m @ 0.91% Cu from 73m, (RC1166). The next phase of RC drilling will focus on the sparsely drilled mineralisation south along strike from the completed drilling and north of the late cross cutting dolerite dyke. In addition, targets that are down plunge to the south of the existing intercepts and above the south dipping dolerite will be tested. Planning is underway to test the northern strike extension of the Main Zone including an interpreted northern plunge to the mineralisation. Previous geological interpretation and magnetic data suggests the dolerite that cuts the northern end of the Motters structure does not extend far enough west to intersect the Main Zone. Future drilling will test this interpretation. There remains potential for extensions of mineralisation north of the dolerite (which intruded post mineralisation) and at depth. An RC drill rig is expected on site mid to late October. The following activities at Horseshoe are planned over the coming months: RC drill testing Main Zone northern extensions and down plunge. RC drill testing of Motters southern extension and down plunge. RC and or auger infill drilling of surface materials in stockpiles and northern waste dump. Additional metallurgical test work on oxide copper stockpiles and targets. Gravity recovery test work on Copper Flotation and CIP tailings. Ongoing Review of scoping study results to incorporate potential oxide heap leach SXEW treatment. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60 km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes around 316,000 oz Au & 55 kt Cu metal in two phases of mining. Reported Earnings • Sep 14
First half 2022 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in 1H 2021) First half 2022 results: AU$0.003 loss per share (in line with 1H 2021). Net loss: AU$1.60m (loss widened 85% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Anuncio • Aug 31
Horseshoe Metals Limited Completes Horseshoe Lights Copper-Gold Project in Western Australia Horseshoe Metals Limited provided the results of Phase 2 Reverse Circulation drilling completed at the Company's Horseshoe Lights Copper-Gold Project in Western Australia. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60 km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes around 316,000 oz Au & 55 kt Cu metal in two phases of mining, and the deposit contains a current in situ resource 128 kt Cu metal @ 1.0% and 36,000 oz Au Phase 2 drilling completed in May consisted of 21 holes totalling 2966m targeting Motters and a single hole into the north west extension of the Main Zone. The objective was to confirm and extend mineralisation and confidence levels in drilling previously completed by the Company. An additional 70 holes for 778m targeting selected stockpiles and dumps was also completed. Results from the programme are summarised below and in Table 1 at a 0.3% Cu cut-off, which is considered appropriate given the significant rise in copper price over the last two years. Assays have confirmed the continuity of the Motters structure with typically two coherent lodes and will improve the confidence level for resource classification in future resource modelling. RC1180 was designed to test a gap in the detailed information on this section and to confirm continuity of mineralisation immediately north of the open pit. An outstanding result was achieved: 72m @ 1.11% Cu from 32m incl. 29m @ 1.65 % Cu from 32m and 12m @ 1.52% Cu from 182m Planning is underway to test the northern strike extension of the Main Zone including an interpreted northern plunge to the mineralisation. Previous geological interpretation and magnetic data suggests the dolerite that cuts the northern end of the Motters structure does not extend far enough west to intersect the Main Zone. Future drilling will test this interpretation. There remains potential for extensions of mineralisation north of the dolerite and at depth. Results confirm significant widths of mineralisation in the northern half of the Motters structure including significant results of: 16m @ 1.10% Cu from 50m, 37m @ 0.68% Cu from 54m incl. 12m @ 1.02% Cu from 75m, 21m @ 0.61% Cu from 63m incl. 5m @1.45% Cu from 63m 36m @ 0.62% Cu from 50m incl. 13m @ 0.91% Cu from 73m. Future drill targeting will focus on the sparsely drilled mineralization south along strike from the completed drilling. Results from previous drilling include highlights of: 31m @ 1.81 % Cu from 197m in Hole RC1101, 20m @ 2.11 % Cu from 0m and 12m @ 1.96 from 86m in Hole RC524,9m @ 2.66 % Cu from 49m; considered true width Proposed Work Programmes and Next Steps.thefollowing activities at Horseshoe are planned over the coming months: RC drill testing Main Zone northern extensions RC drill testing of Motters southern extension RC /or auger infill drilling of surface materials in stockpiles and northern waste dump planning for a `Below the Dolerite' Diamond drill hole Additional metallurgical test work on oxide copper stockpiles and targets gravityrecovery test work on Copper Flotation and CIP tailings Ongoing review of scoping study results to incorporate potential oxide heap leach SXEW treatment Horseshoe Lights Copper-Gold Project Existing Resource Base Current in situ resource 128,000 t Cu metal @ 1.0% currentM15 stockpile resource 2650 t Cu metal @ 1.1%Current Flotation tailings resource 6,800 t Cu metal @ 0.48% and 15,300oz Au at 0.34 g/t. Anuncio • Aug 18
Horseshoe Metals Limited Commences RC Drilling at Glenloth Goldfield Horseshoe Metals Limited announced that a maiden 19-hole Reverse Circulation (RC) drilling programme has commenced at the Glenloth Goldfield, located in the Gawler Craton, South Australia. The programme is targeting historic workings not previously tested by drilling at Darleys, Blue Peter, Pork, Pioneer Extension, Royal Tiger/Searchlight, Golden Stairs, Ivanhoe and Specimen Flat prospects. In addition, highly kaolinised granite at Specimen Flat will be tested for near surface Rare Earth Element ("REE") mineralisation.EL6301 is comprised of two blocks 107 km2 in total area, located about 6km north and50km east of the 1.0 MOz Tunkillia Gold deposit respectively. HIGHLIGHTS: Maiden 19 hole, 1500m, RC drilling programme underway at the Glenloth Goldfield Project in Gawler Craton; Samples will be routinely submitted to a laboratory in Adelaide - expected turnaround time approximately 6 weeks; EL6301 is 107 km², comprising two parts, covering the Glenloth Goldfield in the East, and the northern trend of the 1.0Moz Tunkillia deposit at Old Well to the West; Drilling will target key prospects considered highly prospective for gold in both areas of the Glenloth Goldfield - multiple targets remain undrilled; and Drilling will also target the southern part of the Glenloth granite at Specimen Flat which is highly kaolinised and will be assessed for near surface REE potential. Anuncio • Aug 12
Horseshoe Metals Limited Announces Significant Drilling Results in Copper-Gold Surface Material Horseshoe Metals Limited provided the results of initial Reverse Circulation ("RC") drill testing of the significant surface materials including stockpiles and dumps at the Company's Horseshoe Lights Copper-Gold Project in Western Australia. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60 km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes around 316,000 oz Au & 55 kt Cu metal in two phases of mining, and the deposit contains a current in situ resource 128 kt Cu metal @ 1.0% (0.5% cut-off) and 36,000 oz Au. Phase 2 drilling completed in May included 70 holes for 778m targeting selected stockpiles and dumps as an initial follow- up to historic reconnaissance drilling. The objective was to confirm the existence and style of mineralisation and/or infill drilling completed by the Company. The C20 stockpile is understood to be a low grade rehandle stockpile created during the gold only CIP operations phase in the mid to late 1980's. During the subsequent `Chalcocite' Direct Shipped Ore ("DSO") mining phase, the surface of this stockpile was used a resample area for high grade ore excavated from the margins of the DSO orebody that may have been diluted during mining. The C20 stockpile contains significant oxide gold and copper mineralisation, with significant new drilling results including: 9m @ 2.09 g/t Au from surface in hole C20_RC45. 9m @ 0.97 g/t Au from surface in hole C20_RC10. 10m @ 0.78 g/t Au from surface in hole C20_RC9. Previously reported results include: 9m @ 1.69g/t Au from 1m & 8m @ 0.43% Cu from 1m in hole C20_RC8. 6m @ 1.20g/t Au from surface in hole C20_RC21. 3m @ 2.54g/t Au from and 0.73% Cu from surface in hole C20_RC46. Anuncio • May 19
Horseshoe Metals Limited Completes Phase 2 RC Drilling At the Company's 100% Owned Horseshoe Lights Copper-Gold Project Located in the Bryah Basin of Western Australia Horseshoe Metals Limited announced that Phase 2 RC drilling has been completed at the Company's 100% owned Horseshoe Lights Copper-Gold Project located in the Bryah Basin of Western Australia. During April and May, the Company completed approx. 2,966m of RC drilling in a programme of 21 holes (completed to a maximum depth of 206m) within its Phase 2 campaign targeting the northern portion of the Motters strike. An additional 70 holes for 778m were completed at various stockpiles created during previous mining events. Phase 2 RC drilling was designed to primarily test the northern portion of the Motters strike, to a depth of up to 200 metres below surface (MBS), and around 100m south of the Phase 1 drilling, on 20m sections. All samples have been despatched to Perth for analysis. Results will be reported to market when available. Additional RC drilling is planned to test a 300m southern extension of the Motters zone, where wide-spaced historic RC and diamond drilling has intersected significant copper mineralisation in the eastern wall of the open pit. The extension is historically poorly drill-tested in this area due to access issues. Phase 1 and 2 drilling has confirmed the interpretation of mineralisation at the north end of Motters ahead of testing the southern extension of the Motters strike, where historically drilled grades within the zone are encouraging. The Motters mineralised zone is currently interpreted to be the sheared eastern limb of a folded Volcanogenic Massive Sulphide (VMS) horizon which, to the west of Motters, contributed all of the production history. Phase 1 RC drilling completed last year focussed on the north end of Motters and included results of: 45m @ 1.22 % Cu from 2m; 22m @ 1.87 % Cu from 12m; 26m @ 1.31 % Cu from 6m; 16m @ 1.15 % Cu from surface. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located around 60km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes around 316,000 oz Au & 55 kt Cu metal in two phases of mining, and the deposit contains a current in situ resource 128 kt Cu metal @ 1.0% (0.5% cut-off) and 36,000 oz Au. Anuncio • Apr 22
Horseshoe Metals Limited Announces RC Drilling Underway at Horseshoe Lights Copper/Gold Project Horseshoe Metals Limited announced that Reverse Circulation ("RC") drilling has commenced at the Company's 100% owned Horseshoe Lights Copper-Gold Project in Western Australia. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes approx. 316,000 oz Au & 55 kt Cu metal in two phases of mining, and the deposit contains a current in situ resource 128 kt Cu metal @ 1.0% (0.5% cut-off) and 36,000 oz Au. Horseshoe's RC drilling contractor has mobilised to site and commenced drilling after initial delays due to recent rainfall. The Phase 1 RC programme completed last year focussed on the north end of Motters including: 45m @ 1.22 % Cu from 2m - 22m @ 1.87 % Cu from 12m - 26m @ 1.31 % Cu from 6m - 16m @ 1.15 % Cu from surface. RC drilling will test the northern half of Motters and the Main Zone to a depth of up to 200 metres below surface (MBS). Up to 40 holes have been designed for a total of approx. 6,000m in multiple phases with the current campaign focusing on further definition and extension of the Motters Zone. The Motters mineralised zone is interpreted to be the NNW/SSE striking sheared eastern limb of a folded Volcanogenic Massive Sulphide (VMS) horizon. RC drilling will infill the northern end of the structure (approx. 100m strike) and test the 400m southern extension where wide spaced historic RC and Diamond drilling has intersected significant copper mineralisation in the eastern wall of the open pit. Main zone NW extension will be targeted north of the open pit where infill drilling is required. In addition, drilling will target the northern extension of interpreted north plunging high grade mineralisation where historic drilling has failed to adequately test the structure. A recent technical review confirmed the presence of significant copper and gold surface materials at Horseshoe Lights which have been broadly grouped as follows: Copper - Gold Flotation tailings, Vat 2, M15/C20 Stockpiles and North Dump Copper Low-grade sulphide, subgrade, rehandle and South Dump Gold Gold tailings, leach vats, low grade, rehandle and ROM stockpiles Once the current Motters campaign is completed RC drilling will move to the NW Sulphide stockpile (43 holes for approx. 650m at a spacing of 50m by 50m) followed by the Southern Dumps/Stockpiles (90 holes for approx. 1200m at a spacing of 40m by 40m). Further updates will be provided as drilling progresses. Anuncio • Mar 28
Horseshoe Metals Limited Provides Update on RC Drilling At Horseshoe Lights Copper Gold Project Horseshoe Metals Limited provided an update with respect to upcoming RC drilling at its Horseshoe Lights Copper-Gold Project. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60km west of DeGrussa Copper Mine operated by Sandfire Resources Past production from Horseshoe Lights includes around 316,000 oz Au & 55 kt Cu metal in two phases of mining, and the deposit contains a current in situ resource 128 kt Cu metal @ 1.0% (0.5% cut-off) and 36,000 oz Au. Horseshoe's RC drilling contractor is expected to mobilize a rig, support vehicles and crew to site this week. The Phase 1 RC programme completed last year focused on the north end of Motters including: 45m @ 1.22 % Cu from 2m, 22m @ 1.87 % Cu from 12m, 26m @ 1.31 % Cu from 6m, 16m @ 1.15 % Cu from surface. Phase 2 RC drilling will test Motters and the northern half of the Main Zone to a depth of up to 200 meters below surface (MBS). The Motters mineralized zone is interpreted to be the NNW/SSE striking sheared eastern limb of a folded Volcanogenic Massive Sulphide (VMS) horizon. Phase 2 RC drilling will infill the northern end of the structure (approx. 100m strike) and test the 400m southern extension where wide spaced historic RC and Diamond drilling has intersected significant Cu mineralization in the eastern wall of the open pit. Main zone NW extension will be targeted north of the open pit where infill drilling is required. In addition, drilling will target the northern extension of interpreted north plunging high grade mineralisation where historic drilling has failed to adequately test the structure. RC drilling is also planned to further test surface materials including: NW Low-grade sulphide stockpile, North and South Waste Dumps and Southern Cu, Cu/Au and Au low-grade stockpiles. Further updates will be provided once drilling has commenced. Anuncio • Mar 04
Horseshoe Metals Limited Provides an Update on Activities to its Horseshoe Lights Copper-Gold Project Horseshoe Metals Limited provided an update on activities related to its Horseshoe Lights Copper-Gold project following the successful reinstatement to trading on the ASX on 18th February 2022. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60 km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes around 316,000 oz Au & 55 kt Cu metal in two phases of mining, and the deposit contains a current in situ resource 128 kt Cu metal @ 1.0% (0.5% cut-off) and 36,000 oz Au. 2013 Resource Model: The current JORC 2012 resource estimate was reported and classified at a cut-off grade of 0.5% Cu in June 2013, although the model was developed using wireframe models using a cut-off grade of 0.18%. The prevailing AUD copper price at the time was about $7500/t, compared with a current price of $14,000/t. Given the significant increase in Cu pricing an assessment of the model with respect to grade vs tonnage sensitivity is being undertaken and expected to be completed next week. 2014 Scoping Study: Entech have been engaged to update their Scoping Study that was previously released to the market on the 19th December 2014, in light of vastly improved copper pricing outlined above. This information was previously released under an earlier edition of the VALMIN code, which was updated in 2015. The update is expected to be completed late March. The Company intends updating inputs for the 2014 Scoping Study, primarily to assess the effects on and mineral values associated with the different resource types, grade cut-offs, and resource classifications, and their respective development streams. It is also anticipated that updated economics will highlight additional drilling requirements in certain areas, driven by new, deeper pit shells. The Company notes that while the deposit contains additional drilling post the 31 July 2013 announcement of the Horseshoe Lights in situ Resource, the existing resource estimate will be utilised for the update. RC Drilling: Phase 2 RC drilling is planned to commence during March, primarily targeting the Motters zone, following up significant shallow copper mineralisation highlighted in Phase 1 activities. The unmined southern extension of the Motters structure which is proximal to the eastern wall of the open pit will also be further assessed during this programme. RC drill testing of dumps to the southwest and north of the pit will also be undertaken during this phase. Previous sporadic drilling has interested copper mineralisation in both locations. Drill Planning: Considerable exploration upside has been identified in the main orebody and its north-west extension beyond the existing open pit. The Company intends targeting high-grade extensions beneath the existing open pit, which has been typically drilled to a depth of around 250m depth, and not below 400m depth. Other major mineral deposits in the Bryah Basin have been drilled to depths of at least 3-4 times in order to better assess the scope and potential of the mineralising system. Drill planning and geological modelling is underway to allow commencement of this drilling at the completion of the initial programme, in conjunction with planning for drilling associated with the Below the Dolerite (BTD) target. Gold Stockpiles: Discussions are underway regarding potential offsite treatment of gold stockpiles remaining from the gold mining activities in the 1980's. Further evaluation of these stockpiles may be required including auger drilling and/or RC drilling. Anuncio • Feb 22
Horseshoe Metals Limited Provides Update on its Operations Horseshoe Metals Limited provided an update on its operations following the successful reinstatement to trading on the ASX on February 18, 2022. The Company is now well capitalised to unlock the significant underlying potential of its Horseshoe Lights Copper-Gold Project. The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin and is located approx. 60 km west of DeGrussa Copper Mine operated by Sandfire Resources. Past production from Horseshoe Lights includes ~316,000 oz Au & 55 kt Cu metal and the deposit contains a current in situ resource 128 kt Cu metal @ 1.0% (0.5% cut-off). Considerable exploration upside has been identified, with the Company targeting high-grade extensions beneath the existing open pit, which has only been drilled to a depth of ~250m. Proximal major deposits in Bryah Basin have been drilled to a depth of at least ~800-1000m. The Company expects to embark upon planned Phase 2 activities shortly which will include further RC drilling, auger sampling and stockpile resource estimations at Horseshoe Lights. Further, the Company is in the process of updating a Scoping Study previously released to the market on the December 19, 2014, in light of vastly improved copper pricing inputs. This information was previously released under an earlier edition of the VALMIN code, which was updated in 2015. The Company intends updating inputs for the 2014 Scoping Study, primarily to assess the effects on and mineral values associated with the different resource types, grade cut-offs, and resource classifications, and their respective development streams. It is also anticipated that updated economics will highlight additional drilling requirements in certain areas, driven by new, deeper pit shells. The Company notes that while the deposit contains additional drilling post the July 31, 2013 announcement of the Horseshoe Lights in situ Resource, the existing resource estimate will be utilised for the update. Board Change • Feb 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Alan Still was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 