Latest Horizon Minerals (Asx:Hrz) News

Horizon Minerals reports robust progress at its Phillips Find and Boorara gold projects, delivering strong revenue and cashflow from recent toll processing campaigns. Upcoming plant treatments aim to complete the first mining phase and set the stage for improved cost performance.

Horizon Minerals has acknowledged an unintentional breach of ASX Listing Rule 15.7 after sharing details of a $30 million placement with the media before the official market announcement.

Horizon Minerals has raised A$30 million through a two-tranche share placement, strengthening its balance sheet to fast-track exploration and processing upgrades. The capital injection aims to boost resource drilling and refurbish the Black Swan plant ahead of increased gold production.

Horizon Minerals reported a significant A$7.48 million cash outflow for the March quarter, ending with just under A$6 million in cash and securing a US$5 million convertible loan to bolster liquidity.

Horizon Minerals reported steady gold production from its Boorara and Phillips Find projects, marking first gold pours under key milling agreements. The company also finalized its merger with Poseidon Nickel, adding critical processing infrastructure and boosting growth prospects.

Following its merger with Poseidon Nickel, Horizon Minerals reports a consolidated mineral resource portfolio featuring 1.8 million ounces of gold and 422,700 tonnes of nickel, positioning the company for sustained production and growth.

Horizon Minerals has commenced processing the first ore from its Phillips Find Gold Project, marking a key milestone in its path to gold production. The joint venture with BML Ventures is progressing well, with mining operations already delivering substantial volumes.

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Horizon Minerals reported a $5.165 million cash outflow for Q4 2024 but bolstered its liquidity with a capital raising in January 2025, extending its runway amid ongoing exploration investments.

Horizon Minerals reports a $14 million placement and a proposed merger with Poseidon Nickel, alongside key production milestones including the first gold pour at Boorara and a prefeasibility study at Penny's Find.

Horizon Minerals has poured its first gold bar from the Boorara Gold Project, initiating production under a key ore sale agreement and setting the stage for a sustainable gold pipeline.