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Horizon Minerals: Purchasing Kalpini Gold Project

October 12, 2020

Horizon Minerals (HRZ) has signed an agreement to purchase the Kalpini gold project in Western Australia for nearly $3 million
Kalpini is located 50 kilometres north-east of the company’s Boorara gold project
This purchase is in line with the company’s strategy on delivering a stand-alone gold production business in the Kalgoorlie and Coolgardie regions
The agreement is subject to a number of standard conditions for the transaction
The settlement expected to commence in the December quarter
On the market this afternoon, Horizon is up 4.35 per cent and is trading for 12 cents per share