- 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
