Horizon Minerals Ltd. is pleased to advise that it has received firm bids to place approximately 74.1 million fully paid ordinary shares in the Company at $0.045 per share to raise approximately $3.34 million. Funds from the Placement will be used to advance the proposed high-grade Cannon underground mine scheduled for development in H2 CY2023. 1 The mine is now fully permitted with final mining contract / JV negotiations [...]
Horizon Minerals Ltd.'s plans are to advance the Cannon underground in H2 2023 getting back into production and cash generation. Cannon produces 16,000 ounces at AISC ~$1,900/oz delivering high margins at current A$ gold prices. We have a selected our contract / JV partner and working on formal docs and logistics now. We have a milling allocation at FMR's 1Mtpa Greenfields Mill and aim to be cutting the portal in the Sept [...]
Horizon Minerals Ltd. is pleased to announce assay results from drilling conducted by Metalhawk Limited from the 100% owned Cannon and Golden Ridge project areas located near Kalgoorlie-Boulder in the heart of the Western Australian goldfields . Commenting on the new REE-Sc mineralisation, Horizon Managing Director Mr Jon Price said: "It's encouraging to see this new REE and scandium mineralisation discovered so close to [...]
Horizon Minerals Ltd. is pleased to provide the December 2022 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 exploration upside within our 1,100km2 tenement package with up to three drill rigs operating as part of the large-scale multi-element new discovery and project generation exploration [...]
Horizon Minerals Ltd. advises it has divested its remaining interest in Kingwest Resources Ltd. through a managed off-market sale process and received cash proceeds totaling $1.3 million. The Company has sold 37,088,333 KWR shares it held as part of the divestment of the Menzies gold project in 2019 at a price of 3.5c per share. Proceeds from the sale, together with existing cash, will be applied towards the CY2023 [...]
Horizon Minerals Ltd. drilled over 40,000m of drilling and released spectacular gold results from Cannon-Golden Ridge, Binduli-Teal and new project areas within the 1,100km2 portfolio. The new discovery program not only intercepted high grade gold but exciting new minerals including Ni, Cu, Pt, Pd and rare earths. While our focus will always remain on gold, these need to be followed up. The underground mining development [...]
Horizon Minerals Ltd. is pleased to advise further to the announcement of 19 October 2022 that the Company has executed a detailed Loan Agreement and General Security Deed with Nebari Partners LLC for a US$5 million secured credit facility. The credit facility is comprised of a two tranche Convertible Loan Facility with US$2 million in Tranche 1 and US$3 million in Tranche 2. The Facility is subject to conditions [...]
Horizon Minerals Ltd. has been informed by Richmond Vanadium Technology Limited that, following the close of the priority offer on 7 November 2022, the offer period for the remaining components of the Initial Public Offering of new shares in RVT has been extended. Further details are contained in the attached update prepared by RVT. Set out in the link below* is an updated indicative timetable relating to the proposed [...]
Horizon Minerals Ltd. is pleased to provide the September 2022 Quarterly Activities Report. Horizon is an exploration and production company within the Kalgoorlie and Coolgardie regions of Western Australia. HIGHLIGHTS - Exploration program continues with 2,695m drilled and field work conducted at the Greater Boorara - Cannon, Yarmany and Lakewood project areas testing high priority gold and nickel sulphide targets [...]
Horizon Minerals Ltd. advises that the Initial Public Offering of new shares in Richmond Vanadium Technology Limited is now open. Further details are set out in the attached media announcement prepared by RVT. The offers of securities in connection with the IPO are made in a prospectus dated 14 October 2022, as supplemented by a supplementary prospectus dated 21 October 2022, each prepared by RVT . The Prospectus is [...]
Horizon Minerals Ltd. is pleased to advise that it has executed a binding term sheet with Nebari Partners LLC for a US$5 million senior secured credit facility. The credit facility is comprised of a two tranche Convertible Loan Facility with US$2 million in Tranche 1 and US$3 million in Tranche 2. The Facility is subject to conditions precedent typical for a transaction of this nature including, but not limited to, final [...]
Horizon Minerals Ltd. is pleased to advise that the divestment of the Kangaroo Hill and Phoenix gold projects near Coolgardie has been completed. As announced to the ASX on 11 August 2022, the Company agreed to divest 100% interest in the projects to Greenstone Resources Ltd on the following terms: - $150,000 in cash on completion - $150,000 in GSR shares at an issue price equivalent to the VWAP calculated over the 15 [...]
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