Horseshoe Metals Limited (ASX: $HOR) Update

Horseshoe Metals Limited (ASX: $HOR) is accelerating its DSO strategy at the Horseshoe Lights Copper-Gold Project in Western Australia. The company aims to pursue a significant early cash flow opportunity from the direct shipping ore (DSO) sales of existing high-grade copper stockpiles. Discussions are progressing with potential copper concentrate offtake partners, and non-dilutive offtake funding is being considered. Site activities are expected to commence in early May, with a focus on copper surface material resource assessment and a review of oxide and sulphide copper targets within a 200km radius of Horseshoe Lights.

Executive Commentary

The company is pleased to provide an update on the progress of copper development activities at the Horseshoe Lights Copper-Gold Project. We are actively pursuing opportunities to generate early cash flow through the sale of high-grade copper stockpiles. Our discussions with potential copper concentrate offtake partners are advancing, and we are exploring non-dilutive offtake funding options to support the proposed development sequence. We are also conducting assessments of copper surface material resources and reviewing oxide and sulphide copper targets in the project's vicinity. These initiatives align with our strategic goal of maximizing the project's potential and creating value for our stakeholders.

Summary

Horseshoe Metals Limited (ASX: $HOR) is focused on accelerating its DSO strategy at the Horseshoe Lights Copper-Gold Project in Western Australia. The company's pursuit of a significant early cash flow opportunity from existing high-grade copper stockpiles is complemented by advancing discussions with potential copper concentrate offtake partners and consideration of non-dilutive offtake funding. Site activities are set to commence in early May, with a comprehensive assessment of copper surface material resources and a review of oxide and sulphide copper targets in the project's vicinity. Horseshoe Metals aims to leverage these initiatives to drive the project's development and enhance its overall value proposition. The company remains committed to providing further updates on these activities as they progress in the coming weeks.