Horseshoe Metals Ltd (ASX:HOR) Recommissions Infrastructure at Horseshoe Lights
Infrastructure Recommissioned
Horseshoe Metals Ltd has reinstated camp services, including power and water supply, a potable water reverse osmosis plant, and Starlink communications at the Horseshoe Lights Project. The caretaker’s quarters and four rooms are operational, with refurbishment of twelve more rooms underway.
Support for DSO Operations
The recommissioned infrastructure will support the near-term commencement of Direct Shipping Ore (DSO) activities and sales of existing high-grade copper stockpiles. It will also assist Melody Gold’s proposed gold surface material processing. The operating licence for DSO copper operations is expected to be granted in the coming weeks.
Future Exploration Plans
Horseshoe Metals plans further exploration and drilling at Horseshoe Lights to test new areas of interest over the coming months.
Executive Comments
Kate Stoney, Non-Executive Director and Company Secretary, stated, “We are pleased to confirm that the recommissioning of the HSL camp is nearing completion and it provides the necessary infrastructure to support our upcoming DSO stockpiling and sales operation, the planned activities for the Melody Gold’s gold surface material processing activities and indeed much larger mining and processing operations that are envisaged in the future to re-establish HSL as a major West Australian copper mine. Beyond the existing identified resources, HSL still has considerable exploration upside and we expect to conduct a small drill campaign towards the end of this quarter to test some further areas of interest. As well, we anticipate that our long planned DSO copper sales program is also on track to commence within the same timeframe, with the operating licence expected to be secured in the coming weeks. We will continue to provide a steady stream of updates as work unfolds.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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