FMR Investments Pty Ltd agreed to acquire Gunga West gold project in Western Australian goldfields from Horizon Minerals Limited for AUD 0.4 million on June 20, 2022. Under the Agreement, FMR will pay AUD 0.4 million in cash on the following terms: Deposit of AUD 100,000 in cash, AUD 300,000 in cash on completion and access to FMR's Greenfields toll mill in Coolgardie on commercial terms for ore treatment of 200,000 tonnes commencing in 2023. Completion is expected in the next four weeks and subject to standard conditions precedent for a transaction of this nature including due diligence, Ministerial consent, any third-party assignments and provision of mining information.