Horseshoe Lights Project Area Expanded New High-Grade Cu and Au Targets Confirmed

About this update from Horseshoe Metals Limited

Horseshoe Metals Limited (ASX: HOR) (the 'Company') is pleased to provide an update regarding exploration activities at the Company's Horseshoe Lights Copper-Gold Project (HSL) in Western Australia . The Horseshoe Lights Copper-Gold Project is the original Cu/Au VMS discovery in the Bryah Basin . HSL is located approx. 60 km west of the DeGrussa Copper Mine owned by Sandfire Resources (ASX: SFR) and approx. 35 km east of the Fortnum Gold Mine operated by Westgold Resources (ASX: WGX). 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. Ground Acquisition Expands Copper-Gold Exploration Footprint Horseshoe is pleased to report the project area at HSL has recently been expanded with the grant of E52/4372 (57 km2) to a total of 340 km2. Prospects added by the tenement grant include Fiddlers (Cu), Fiddlers East and Fiddlers South (Au). Existing regional copper prospects include Tritan and Tethys. New Copper and Gold Exploration Targets Confirmed Previous operators have completed exploration in the HSL project area that included detailed geological mapping, rock chip sampling, Rotary Air Blast (RAB) assisted bedrock geochemical drilling and Reverse Circulation (RC) drilling. Historic Geological Mapping Detailed geological mapping was completed in 1984 by Homestake Australia Limited (HAL) around the operating Horseshoe Lights gold mine (Barrack Mines) and to the southeast along the interpreted extension of the prospective Narracoota Volcanic sequence extending about 8km to the southeast. The target of the mapping was gold mineralisation adjacent to jasperoids and/or hosted in quartz veins like the Fortnum gold mineralisation that had been discovered by Homestake around the same time Contact: Tel: +61 (0) 8 6241 1844 Email: [email protected] (C) 2024 Electronic News Publishing, source ENP Newswire

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