Black Horse Mining Debuts on ASX and Advances Mt Egerton Gold Drilling

Black Horse Mining Ltd. ( (AU:BHL) ) just unveiled an announcement.

Black Horse Mining Ltd has completed a successful initial public offering on the ASX, raising A$8 million through the issue of 40 million shares at A$0.20 each, including a A$3 million cornerstone investment from major shareholder Province Resources Ltd. The company closed the December quarter with A$6.24 million in cash and outlined a capital structure that includes escrowed shares and options, as well as provision for deferred consideration shares linked to future project and share price milestones. Operationally, Black Horse moved immediately to advance its Mt Egerton Gold Project, undertaking channel sampling of historical road-cutting results, integrating new magnetotelluric and reprocessed ground-penetrating radar data into a 3D geological model, and commencing near-surface diamond drilling over the Christmas–New Year period, with initial assay results expected to start flowing to the market from late February 2026, potentially providing key catalysts for project advancement and investor sentiment.

More about Black Horse Mining Ltd.

Black Horse Mining Ltd is an Australian gold exploration and mining company whose flagship asset is the Mt Egerton Gold Project in Western Australia. The company is listed on the ASX under the ticker BHL and has a significant strategic shareholder in Province Resources Ltd, which holds 46.4% of its shares, positioning Black Horse within the junior gold exploration segment focused on advancing high-potential gold projects.

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