Horseshoe Metals (ASX:HOR) said the gold surface materials processing option for the Horseshoe Lights copper-gold project in Western Australia was extended to June 30, to allow for completion of metallurgical test work, according to a Monday Australian bourse filing.
Melody Gold requested the extension under its agreement with Horseshoe unit Murchison Copper Mines.
Horseshoe provided samples covering grade ranges from 0.32 grams per tonne grade of gold to 2.43 g/t grade of gold, which were created by compositing stored samples collected from historic auger drilling of each area.
Melody advised that it plans to treat up to 500,000 tonnes per annum in its proposed retreatment of the gold surface material utilising gravity recovery to produce a gold-copper-silver concentrate.
Horseshoe is also progressing talks with multiple well-known commodity traders regarding potential copper offtake and funding arrangements to advance Horseshoe Lights' ongoing redevelopment.
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