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Yandal Resources Ltd. ( (AU:YRL) ) has shared an announcement.
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, includes 34 mining, prospecting, exploration, and miscellaneous licenses over approximately 77 km². The move is expected to enhance Horizon’s resource base and exploration potential, supporting its goal of developing a five-year life of mine plan and solidifying its position in the Western Australian goldfields.
More about Yandal Resources Ltd.
Horizon Minerals Limited is a company focused on gold production, primarily operating in the Western Australian goldfields. The company aims to become a standalone gold producer by refurbishing and repurposing the Black Swan processing plant into a gold plant with a nominal throughput of 1.5Mtpa.
Average Trading Volume: 267,824
Technical Sentiment Signal: Sell
Current Market Cap: A$37.11M
For a thorough assessment of YRL stock, go to TipRanks’ Stock Analysis page.