HIGHLIGHTS
- Restructure and demerger of the Company's 25% interest in the 1.8Bt Richmond vanadium project in northwest
- Richmond Vanadium Technology (RVT) now owns 100% of the project with shares held by Horizon (25%) and the existing shareholders of RVT (75%)
- New RVT Board in place and the IPO process commenced to seek a listing on the ASX with Horizon shareholders to receive and in-specie distribution and priority offering
- Exploration drilling continues with 8,879m completed at the Greater Boorara, Yarmany and Black Flag areas testing high priority multi-commodity targets
- Nickel sulphides intercepted at the Euston prospect with follow up drilling and down hole EM surveys underway and further assay results pending
- Highly anomalous Platinum-Palladium-Nickel-Cobalt results received within the Lakewood project area with further results expected in the
- Non-core asset divestment process commenced including the sale of the Gunga West gold project tenements for cash and a toll milling allocation
- Placement of 44.4 million fully paid ordinary shares completed at
- Placement comes with a 1 for 1 free attaching option with an exercise price of 11c and expiry date of
- Share Purchase Plan (SPP) announced to raise up to an additional
- Cash at the end of quarter of
SEPTEMBER QUARTER ACTIVITIES
- Continuation of the large-scale exploration program and release of further drilling results
- Advancing the Cannon, Penny's Find and
- Progressing the IPO and ASX listing of the
- Continuing to pursue value accretive consolidation and divestment opportunities
A key focus for the Company is on exploration upside within our 1,100km2 tenement package with up to four drill rigs operating as part of the large-scale multi-element new discovery and project generation exploration program. Horizon holds numerous multi - commodity assets including listed investments and a 25% interest in the world class 1.8Bt Richmond vanadium project in northwest
Primary activities during the Quarter included the continuation of the CY2022-23 multi-element project generation and new discovery drilling program and release of results, resource modelling and mine optimisation studies for Ore Reserve estimation, advancement of the Cannon, Penny's Find, and
In addition, the Company has completed the demerger and restructure the
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About
Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Horizon has a number of joint ventures in place across multiple commodities and regions of
Contact:
Managing Director
T: +61 8 9386 9534
E: jon.price@horizonminerals.com.au
Media Relations -
T: +61 422 602 720
E: michael.vaughan@fivemark.com.au
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