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An announcement from Horizon Minerals Ltd ( (AU:HRZ) ) is now available.
Horizon Minerals Limited has provided an update on its Pre-Feasibility Study for the Black Swan Project, which includes refurbishing and repurposing the existing infrastructure to support a new gold processing plant. The study, conducted by GR Engineering Services Limited, is in its final stages and involves upgrading the comminution circuit and introducing a new Carbon in Leach processing facility. The study’s progress marks a significant step in Horizon’s growth strategy, with the final outcomes expected in the December 2025 quarter, followed by a Financial Investment Decision.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Limited is a company operating in the mining industry, focusing on gold production. The company is working on the Black Swan Project located in the Western Australian goldfields, aiming to become a new, independent mid-tier gold producer.
Average Trading Volume: 6,619,007
Technical Sentiment Signal: Sell
Current Market Cap: A$141.6M
For an in-depth examination of HRZ stock, go to TipRanks’ Overview page.