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Horizon Minerals Expands Gold Assets Near Black Swan Facility

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Horizon Minerals Expands Gold Assets Near Black Swan Facility

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Horizon Minerals Ltd ( (AU:HRZ) ) has provided an update.

Horizon Minerals Limited has announced the acquisition of several gold projects near its Black Swan processing facility, including the Gordons Dam project, through a binding agreement with Yandal Resources Limited. This strategic acquisition, valued at A$2.810 million, aims to enhance Horizon’s resource base and exploration potential, supporting its goal of developing a five-year life of mine plan and strengthening its position in the Western Australian goldfields.

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 in the mining industry, focusing on gold production. The company is working towards becoming a standalone gold producer by refurbishing and repurposing its Black Swan processing plant located in the Western Australian Goldfields.

YTD Price Performance: 7.50%

Average Trading Volume: 6,512,688

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$124.2M

For a thorough assessment of HRZ stock, go to TipRanks’ Stock Analysis page.

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