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Horizon Minerals Ltd ( (AU:HRZ) ) just unveiled an update.
Yandal Resources Ltd has executed a binding Tenement Sale Agreement with Horizon Minerals Limited for the sale of the Gordons Gold Project, valued at A$2.81 million in cash and shares. This strategic divestment aligns with Yandal’s focus on prioritizing exploration opportunities within its core projects, providing additional funding for its exploration activities, particularly at the Caladan target area, where promising results are anticipated.
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
Yandal Resources Ltd is a company operating in the mining industry, focusing on gold exploration and development. The company is actively involved in exploring target areas such as the Ironstone Well-Barwidgee Gold Project and the Caladan and New England Granite target areas.
YTD Price Performance: 7.50%
Average Trading Volume: 6,512,688
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$124.2M
For an in-depth examination of HRZ stock, go to TipRanks’ Overview page.