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HRZ, HORIZON MINERALS LIMITED
nipper
post Posted: Mar 31 2021, 06:09 PM
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In Reply To: nipper's post @ Mar 31 2021, 06:07 PM

• Large +890 sq km 100% owned land holding in heart of WA goldfields covering major regional structures
• All tenure in close proximity to all necessary infrastructure and services
• +1.1Moz Au Mineral Resource remains open along strike and at depth (74% M&I)
• Five key deposit areas provide baseload and satellite feed:
1. Boorara: 507koz (16.45Mt @ 0.96g/t Au)
2. Binduli (Crake): 74koz (1.27Mt @ 1.8g/t Au)
3. Rose Hill: 93koz (0.8Mt @ 3.7g/t Au)
4. Teal: 289koz (4.25Mt @ 2.1g/t Au)
5. Kalpini 215koz (4.1Mt @ 1.7g/t Au)
• Significant brownfields and greenfields exploration targets with all tenure hosting open cut and underground growth potential



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 31 2021, 06:07 PM
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Horizon executed a binding royalty sale and purchase agreement with Vox Royalty Corp. (TSX: VOX) to divest its 100% interest in two royalties covering the Janet Ivy and Otto Bore gold projects in the Western Australian goldfields.
Since 2001 Horizon has held the Janet Ivy royalty which comprises a A$0.50 per tonne payment on ore mined and treated from the Janet Ivy tenements owned by Norton Goldfields Ltd. In 2018, the Company divested its interest in the Lehmans Gold joint venture to Saracen Mineral Holdings (now Northern Star Resources) for A$2.5 million in cash.

QUOTE
As part of the divestment, a 2.5% Net Smelter Royalty is payable once production reaches 42,000 ounces from the Otto Bore tenements and ends on production of 100,000 ounces. Under the Agreement, Vox will pay A$7 million in cash and shares on the following terms:
• A$4 million in cash upon completion; and
• A$3 million in cash or Vox shares at Vox’s election (priced on a 30-day VWAP basis) upon Vox receiving cumulative payments of A$750,000 from the transaction royalties.


Completion is expected in the June Quarter 2021



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 31 2021, 06:04 PM
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Posts: 8,713
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Horizon Minerals Limited (HRZ), engages in the exploration for and mining of gold and other mineral resources. The current focus of the company is on Boorara gold project. The Company also operates 100% owned gold projects in the Kalgoorlie and Coolgardie Regions and has earn-in joint ventures at the Nanadie Well copper-nickel project and the Richmond vanadium project located in Queensland.

Intermin Resources (IRC) and MacPhersons Resources (MRP) merged to create new gold exploration company


known as Horizon Minerals (HRZ) .....in Nov 2018

https://smallcaps.com.au/intermin-macpherso...ration-company/





--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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