Horizon Minerals Ltd ( (AU:HRZ) ) just unveiled an announcement.
Horizon Minerals Limited has announced an updated Mineral Resource Statement following its merger with Poseidon Nickel Limited. The company’s resources now include 1.8 million ounces of gold, 20.2 million ounces of silver, 104,000 tonnes of zinc, 422,000 tonnes of nickel, and 7,800 tonnes of cobalt. This merger adds significant nickel resources and infrastructure, such as the Black Swan plant, which will be converted to support gold production. The company aims for sustained gold production and cash flow, with plans for further resource expansion through mergers and acquisitions and drilling activities.
More about Horizon Minerals Ltd
Horizon Minerals Limited is a company operating in the mining industry, primarily focusing on gold production. The company is based in Western Australia, particularly in the goldfields near Kalgoorlie-Boulder, and has recently expanded its portfolio to include nickel resources through a merger with Poseidon Nickel Limited.
YTD Price Performance: 210.0%
Average Trading Volume: 27,390
Technical Sentiment Signal: Sell
Current Market Cap: €73.42M
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