Horseshoe Metals Ltd has entered into an agreement to process gold surface materials

Horseshoe Metals Ltd (ASX: HOR), through its subsidiary Murchison Copper Mines Pty Ltd (MCM), has entered into a Gold Surface Materials Rights Agreement with Melody Gold Pty Ltd to process gold surface materials at the Horseshoe Lights Copper-Gold Mine. The agreement encompasses designated gold surface materials adjacent to the historic open pit, including subgrade stockpiles, rehandle stockpiles, gold leach vats, ROM stockpiles, and flotation tailings.

Melody Gold plans to process up to 500,000 tonnes annually, utilizing gravity recovery to produce a gold-copper-silver concentrate. Director Kate Stoney highlighted the company’s commitment to fast-tracking the commercialization of these valuable surface stockpiles, marking the initial phase of the Horseshoe Lights Copper-Gold Project revival. The project aims to deliver significant value to shareholders.

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