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The latest update is out from Horizon Minerals Ltd ( (AU:HRZ) ).
Horizon Minerals Limited has announced the acquisition of several gold projects near its Black Swan processing facility through a Binding Tenement Sale Agreement with Yandal Resources Limited. The acquisition, valued at A$2.810 million, includes the Gordons, Mt Jewell, Malone, and Mulgarrie projects, which cover an area of approximately 77 km². This strategic move aims to consolidate Horizon’s assets in the region, enhancing its resource base and exploration potential, and supports the company’s goal of developing a five-year life of mine plan.
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, primarily focused on gold exploration and production. The company holds significant strategic land holdings in the Western Australian goldfields and operates the Black Swan processing facility.
YTD Price Performance: 25.00%
Average Trading Volume: 6,956,274
Technical Sentiment Signal: Sell
Current Market Cap: A$144.4M
See more data about HRZ stock on TipRanks’ Stock Analysis page.