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Horizon Minerals Advances Gold Production and Completes Strategic Poseidon Merger
5:39am on Monday 2nd of June, 2025 AEST
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Mining
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Horizon Minerals Advances Gold Production and Completes Strategic Poseidon Merger
5:39am on Monday 2nd of June, 2025 AEST
Key Points
First gold pours achieved at Boorara and Phillips Find under ore sale and toll milling agreements
Merger with Poseidon Nickel completed, acquiring Black Swan processing plant
Ongoing steady state production and ore stockpile buildup supporting cashflow
Private placement raised $9.625 million to fund project development and debt refinancing
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HORIZON MINERALS (ASX:HRZ)
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