Horizon Minerals Ltd - Value Creation Through Divestment

145 Views17 Nov 2025 09:00

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SUMMARY

Horizon Minerals Limited (ASX:HRZ) is an emerging junior gold producer with 1.8moz of gold resources located around the Kalgoorlie and Coolgardie regions of Western Australia.
HRZ has announced a deal to sell the Lake Johnston Project for a total consideration of $35m to Forrestania Resources Ltd (ASX:FRS) which is expected to complete in January 2026.
The deal is accretive to HRZ given we had nil value ascribed to the project whilst the consideration is greater than what HRZ paid (~$30m) to acquire Poseidon Nickel (ASX:POS), predominately for Black Swan.

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