Horizon Minerals Ltd. is pleased to provide the June 2023 Quarterly Activities Report. Horizon is an exploration and production company within the Kalgoorlie and Coolgardie regions of Western Australia. A key focus for the Company is on near term production and exploration upside within our 1,100km2 tenement package with multiple drill rigs operating as part of the large-scale new discovery and project generation [...]
Horizon Minerals Ltd. is pleased to announce maiden Mineral Resource estimates for the Monument and Golden Ridge North prospects located near Kalgoorlie in the heart of the Western Australian Goldfields . HIGHLIGHTS - Mineral Resource Estimates have been completed at the Greater Boorara-Golden Ridge and Cannon core projects - The Monument gold prospect is part of the Cannon project group and is located less than 1km from [...]
Horizon Minerals Ltd. is pleased to advise that the divestment of the Gunga West gold project near Coolgardie has been completed. As announced to the ASX on 20 June 2022, the Company agreed to divest its 100% interest in the project to FMR Investments Pty Ltd on the following terms: - Deposit of $100,000 in cash - $300,000 in cash on completion - Access to FMR's Greenfields toll mill in Coolgardie on commercial terms for [...]
Horizon Minerals Ltd.'s program aims to expand the Cannon mining footprint from one planned underground mine to a small mining hub with potential open cut mines from the nearby Monument and Pinner prospects. DRILLING COMMENCES NEAR CANNON - Fully funded 8,400m exploration program underway with aircore drilling commenced at the key Cannon project 25km southeast of Kalgoorlie. - Drilling will be campaigned through to [...]
Horizon Minerals Ltd. is pleased to advise that it has entered into a binding option and sale deed with Metal Hawk Limited to purchase an interest in seven tenements within the Company's Yarmany project area . The Option relates to all mineral rights over seven Exploration Licences covering an area of 98 blocks approximately 40 kilometres west of Kalgoorlie. The Option provides for the following: - MHK paying Horizon a [...]
Horizon Minerals Ltd. is pleased to advise that it has met the Tranche 2 Conditions Precedent to the drawdown funding of US$3.0 million to advance development of the Cannon underground gold project. Horizon executed a Loan Agreement and General Security Deed with Nebari Partners LLC dated 23 November 2022 for a US$5.0 million secured loan facility . The Facility is comprised of a two tranche Convertible Loan Facility with [...]
Horizon Minerals Ltd. is pleased to announce the results of drilling at the high-grade Penny's Find gold mine located 50km northeast of Kalgoorlie in the heart of the Western Australian goldfields . The Company is focussed on gold production from a sequence of underground mines and growing resources and reserves from its core assets including Cannon, Penny's Find, Boorara, Binduli and Rose Hill. HIGHLIGHTS - Horizon owns [...]
Horizon Minerals Ltd. is pleased to announce the commencement of drilling at the high-grade Penny's Find gold mine located 50km northeast of Kalgoorlie in the heart of the Western Australian goldfields . The Company is focussed on gold production from a sequence of underground mines and growing resources and reserves from its core assets including Cannon, Penny's Find, Binduli and Rose Hill. HIGHLIGHTS - Extension [...]
Horizon Minerals Ltd. wishes to advise that current Managing Director Mr Jon Price will step down from the role effective 30 June 2023 after 7 1/2 years. At this time Mr Price will move into the role of Non-Executive Director of Horizon. As the Company transitions into underground mining at the proposed Cannon gold mine, we are pleased to announce the promotion of current Chief Operating Officer Mr Grant Haywood to the [...]
Horizon Minerals Ltd. is pleased to provide the March 2023 Quarterly Activities Report. Horizon is an exploration and production company within the Kalgoorlie and Coolgardie regions of Western Australia. A key focus for the Company is on near term production and exploration upside within our 1,100km2 tenement package with up to three drill rigs operating as part of the large-scale new discovery and project generation [...]
On 30 March 2023, Horizon Minerals Ltd. announced that it had received firm bids under its institutional placement to place approximately 74.1 million fully paid ordinary shares in the Company at $0.045 per share to raise approximately $3.34 million. The Company has today issued 12,844,445 Placement Shares for $578,000 pursuant to ASX Listing Rule 7.1 . No shareholder approval is required for the issue of shares. Today's [...]
On 30 March 2023, Horizon Minerals Ltd. announced that it had received firm bids under its institutional placement to place approximately 74.1 million fully paid ordinary shares in the Company at $0.045 per share to raise approximately $3.34 million. The Company has today issued 61,293,016 Placement Shares for $2.758 million pursuant to ASX Listing Rule 7.1 . No shareholder approval is required for the issue of shares [...]
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