Share price still in decline. No activity updates since the last qtr report (ie 31/3/23) - so 3.5 months on and management have not provided any exploration updates.
Interestingly ït was stated in the last qtr report "Horseshoe enters Q3 well capitalised following a recent well supported $2M placement
and we have a strong pipeline of exploration activity planned over the coming months which we expect will continue to demonstrate the untapped potential of this high-quality copper asset.” (assume it was a typo in the quarterly where Q3 was referenced by mgmt) &
Next steps : The following activities at Horseshoe Lights are planned over the coming months:
• Further RC drill testing of Main Zone northern extensions along strike and down plunge
• Further 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 treatment of oxide via heap leach followed by SXEW or copper cementation
So my simple question is considering its now 18/7/23 - what activity has happened based on the directors comments last qtr & how much of shareholder capital has been consumed - yes an update will be provided in the June quarterly , but assume nothing material as it would have had to be reported by now
thoughts ?
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