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Horizon Minerals Ltd ( (AU:MRT) ) has provided an announcement.
Maritana Minerals has agreed to acquire 100% of a package of strategic tenements from Nano Metals in the Western Australian Goldfields, expanding its landholding by 83.5km² to 1,235.5km². The deal, costing $345,000 in cash plus 509,259 Maritana shares, is expected to complete in the June 2026 quarter.
The new ground lies directly adjacent to the Black Swan Processing Hub and includes tenement E27/630, immediately north of the Wilsons Gold Prospect, enhancing exploration potential for gold and nickel. Management says the acquisition strengthens regional consolidation, supports possible future expansion and optimisation of Black Swan infrastructure, and will be embedded into Maritana’s FY2027 exploration strategy, reinforcing its ambition to become a major Goldfields producer.
The most recent analyst rating on (AU:MRT) stock is a Buy with a A$1.95 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:MRT Stock Forecast page.
More about Horizon Minerals Ltd
Maritana Minerals Limited is an ASX-listed exploration and development company focused on gold and nickel in the Western Australian Goldfields. The company is building a regional position around its Black Swan Processing Hub and associated projects, including the Gordons Project and the Gordons Dam gold deposit, as it advances plans to become a significant gold producer in the region.
YTD Price Performance: -35.80%
Average Trading Volume: 1,331,473
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$290M
See more insights into MRT stock on TipRanks’ Stock Analysis page.