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Perth-based Horizon Minerals has agreed to sell its non-core Lake Johnston nickel project to Forrestania Resources for $35 million, including a $30 million cash component, with settlement expected by January pending funding. Horizon plans to use the proceeds to focus on gold production, particularly refurbishing its Black Swan processing plant, with first gold production anticipated by late 2026. This divestment follows Horizon’s recent acquisition of the Gordons Dam gold project and ongoing drilling at Burbanks, strengthening its positioning as a mid-tier gold producer in Western Australia.
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