Horizon Minerals Ltd (AU:HRZ) has released an update.
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Horizon Minerals Limited is ramping up its Phillips Find Gold Project, with a joint venture agreement in place to develop two open pits, equipment mobilization, and site preparation in full swing. The project has received the necessary approvals to begin mining operations, which are scheduled to start in the near future. With all costs funded by the partner BML Ventures Pty Limited, Horizon anticipates splitting net cashflow 50/50 and starting ore treatment at FMR’s Greenfields mill by early 2025.
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