Horizon Minerals Limited  Greenstone Shareholders to vote on Horizon Merger

Horizon Minerals Limited Greenstone Shareholders to vote on Horizon Merger

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) and Greenstone Resources Limited (ASX:GSR) (Greenstone) refer to the announcements on 13 February 2024 and 2 April 2024 in relation to the proposed merger between Horizon and Greenstone to be conducted by way of schemes of arrangement under the Corporations Act 2001 (Cth), whereby Horizon will acquire 100% of the fully paid ordinary shares in Greenstone (Share Scheme) and 100% of the listed Greenstone options (Option Scheme, and together with the Share Scheme, the Schemes), subject to the satisfaction of various conditions.

COURT ORDERS CONVENING THE SCHEME MEETING

On 30 April 2024, the Supreme Court of Western Australia made orders:

- directing Greenstone to convene a meeting of Greenstone shareholders for the purpose of considering and to vote on the Share Scheme (Share Scheme Meeting);

- directing Greenstone to convene a meeting of Greenstone listed optionholders for the purpose of considering and to vote on the Option Scheme (Option Scheme Meeting); and

- approving the despatch of an explanatory statement providing information about the Schemes together with the notices of the Share Scheme Meeting and Option Scheme Meeting (the Scheme Booklet) to Greenstone shareholders and listed optionholders.

SHARE SCHEME MEETING

The Share Scheme Meeting, at which Greenstone shareholders will vote on the proposed Share Scheme, is scheduled to take place at 12:00pm (AWST) on Friday, 31 May 2024 and will be held at the registered offices of Greenstone, Level 2, 16 Ord Street, West Perth, WA 6005, and virtually via an online platform powered by Greenstone's share registry, Automic.

Greenstone shareholders and their proxies, attorneys or corporate representatives will be able to attend the Share Scheme Meeting in person or participate in the Share Scheme Meeting via the virtual platform. Greenstone strongly encourages Greenstone shareholders to lodge a directed proxy in the event that they are not able to attend the Share Scheme Meeting.

All Greenstone shareholders entered on the Greenstone share register as holders of Greenstone shares at 5:00pm (AWST) on Wednesday, 29 May 2024, will be eligible to vote at the Share Scheme Meeting. Further information on how to participate and vote at the Share Scheme Meeting is set out in the Scheme Booklet.

*To view detailed information, please visit:
https://abnnewswire.net/lnk/4077I1A4



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.



Source:
Horizon Minerals Limited



Contact:
Grant Haywood
Chief Executive Officer
T: +61 8 9386 9534
E: grant.haywood@horizonminerals.com.au

Michael Vaughan
Media Relations - Fivemark Partners
T: +61 422 602 720
E: michael.vaughan@fivemark.com.au

News Provided by ABN Newswire via QuoteMedia

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Expediting the path to gold production

Horizon Minerals Limited  Experienced Mining Executive Joins Board

Horizon Minerals Limited Experienced Mining Executive Joins Board

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to advise that Mr Rob (Robert) Waugh, has agreed to join the Horizon Board of Directors as a Non-Executive Director, effective 1 May 2025.

Rob has more than 35 years' experience in the resources sector with the majority in gold and base metals. Rob has held senior exploration management roles at WMC Resources Limited (WMC) and BHP Billiton Limited (BHP), prior to his role as Managing Director of Musgrave Minerals Limited which culminated in the $200M acquisition by Ramelius Resources Limited in late 2023.

Rob has had significant exploration success over his career, including being part of the team that discovered the Break of Day, White Heat and Big Sky gold deposits at Cue Western Australia, the Nebo-Babel Ni-Cu deposit in the West Musgrave region of WA, the Cobbler gold deposit at Norseman WA and the Duke Batman and Honeypot uranium deposits in Queensland.

Rob holds a Bachelor of Science (Geology) from the University of Western Australia and a Master of Science (Mineral Economics) from the Western Australian School of Mines. He is a member of the Australian Institute of Geoscientists and a fellow of the Australasian Institute of Mining and Metallurgy. He is currently Non-Executive Chair of Caprice Resources Limited and a Non-Executive Director of Future Battery Minerals Limited.

Commenting on the Board appointment, Horizon Non-Executive Chair Mr Ashok Parekh said:

"We are delighted to welcome a leader of Rob's standing to the Horizon Board as we embark on significant drilling programs to grow our 1.8Moz resource base and look for new discoveries within our extensive land holding in the WA Goldfields. We are confident Rob will bring experience, wisdom and valuable insights to this exciting growth phase for the Company."



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

News Provided by ABN Newswire via QuoteMedia

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Horizon Minerals Limited  Quarterly Activities Report 31 March 2025

Horizon Minerals Limited Quarterly Activities Report 31 March 2025

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide the March 2025 Quarterly Activities Report. Horizon is a gold production and exploration company within the Kalgoorlie and Coolgardie regions of Western Australia (Figure 1*).

HIGHLIGHTS

- First gold pour from Boorara under the ore sale agreement with the Paddington Mill.

o First ore stockpile from Boorara was 50,604 dry tonnes at 0.791g/t for 1,163oz sold at an average gold price of $4,256/oz, generating ~$4.951M in revenue

- First gold pour from Phillips Find and processing of the first parcel of gold ore through the Greenfields Mill near Coolgardie under a toll milling agreement.

o First ore parcel consisted of 37,624 dry tonnes at 1.46g/t for 1,675oz at an average price of $4,728/oz, generating ~$7.9M to the Phillips Find JV

- Safe, steady state production continued at both Boorara and Phillips Find to build a pipeline of ore stockpiles for processing under processing agreements.

- The merger with Poseidon Nickel Limited was completed during the quarter, bringing in assets with key infrastructure including the Black Swan processing plant.

- Toll Milling Agreement executed to treat 70,000t of ore from Phillips Find in September/October 2025 at Focus Minerals' Three Mile Hill processing plant.

- Addition of key operating personnel to lead growth and progress the Company's ambitions of being a relevant standalone gold producer.

JUNE QUARTER ACTIVITIES

- Continued safe gold production and revenue from Boorara and Phillips Find via the existing ore sale and toll milling agreements.

- Commencement of the Burbanks resource extension drilling programme.

- Generation of exploration target pipeline.

- GR Engineering Services to commence engineering studies work program to support the refurbishment and repurposing of the Black Swan processing plant for gold production.

- Commencement of mining studies to generate a Life of Mine plan to feed the Black Swan processing plant.

Horizon Minerals key objective is near term gold production and exploration upside within our large tenement package of 1,309km2. In addition to 1.8Moz of gold resources, the Company holds a number of multi-commodity assets including the Nimbus silver-zinc project.

Activities during the quarter focussed on delivering steady state production from the Company's Boorara gold operation, located east of Kalgoorlie, and through the Phillips Find gold project to the north-northwest of Coolgardie. First gold pour was achieved from both Boorara and Phillips Find through separate milling agreements with Paddington Mill and FMR Investments' Greenfields Mill respectively.

Work commenced on the Burbanks drilling programme scheduled for the June quarter, as well as generating a long-term exploration target pipeline and increasing exploration personnel. There was minimal emphasis on in-ground exploration drilling during the quarter as resources and expenditure remained focussed on establishing steady state production and saleable ore stockpiles at Boorara and Phillips Find and generating cashflow for the Company.

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/6I6R184N



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
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