{"id":313676,"date":"2025-11-17T11:19:08","date_gmt":"2025-11-17T15:19:08","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/horizon-minerals-strengthens-black-swan-development-with-lake-johnston-sale\/"},"modified":"2025-11-19T09:30:24","modified_gmt":"2025-11-19T13:30:24","slug":"horizon-minerals-strengthens-black-swan-development-with-lake-johnston-sale","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/horizon-minerals-strengthens-black-swan-development-with-lake-johnston-sale\/","title":{"rendered":"Horizon Minerals strengthens Black Swan development with Lake Johnston sale"},"content":{"rendered":"\n

Horizon Minerals has closed a strategic agreement to sell its entire interest in the Lake Johnston project to Forrestania Resources for $35 million<\/strong>, allowing it to focus on the comprehensive development of its Black Swan processing plant.<\/p>\n\n

Sale of Lake Johnston as part of financial strategy<\/h2>\n\n

The transaction, which includes $30 million in cash and $5 million in<\/strong> Forrestania common shares<\/strong>, is in line with Horizon’s focus on optimizing its portfolio in Western Australia. The transaction is subject to conditions including regulatory approval and completion of a capital raising by the purchaser. <\/p>\n\n

According to Grant Haywood, Horizon’s CEO, the sale of Lake Johnston<\/a><\/strong>considered a non-core asset after the merger with Poseidon Nickel, strengthens the company’s balance sheet and allows it to advance its priority gold projects.<\/a><\/strong> priority.<\/p>\n\n

Focus on Black Swan Plant<\/h2>\n\n

The funds will accelerate the refurbishment of the Black Swan processing plant, which will be key to treating the gold<\/a><\/strong> from its own concessions. Horizon plans to use part of the capital to purchase long-term equipment and infrastructure improvements. <\/p>\n\n

Black Swan, located in the Goldfields region, is in the pre-feasibility stage. In addition to technical advances, Horizon has recently incorporated the assets of the Gordons Dam project, adjacent to the plant, further consolidating its regional integration strategy. <\/p>\n\n

Intensive exploration at Burbanks and future expansion<\/h2>\n\n

In parallel, the company is executing a 30,000-meter drilling program at the Burbanks project, with the objective of strengthening existing resources and expanding the future extraction projection. Horizon also plans to accelerate drilling campaigns in other areas<\/strong> of its portfolio starting in 2026. <\/p>\n\n

The equity interest in Forrestania provides Horizon with an indirect avenue to continue to capture value from the Lake Johnston project as it evolves under new management.<\/p>\n\n

With this transaction, Horizon takes a decisive step towards the consolidation of its gold strategy, prioritizing assets with operational synergy and high return potential.<\/p>\n\n

Source and photo: Horizon Minerals<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Horizon Minerals will execute a 30,000-meter drilling program at Burbanks, combining infill and expansion campaigns to strengthen its resources.<\/p>\n","protected":false},"author":9014,"featured_media":313317,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13030,13060],"etiqueta_noticias":[],"class_list":["post-313676","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-industry","categoria_noticias-mining"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/313676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/9014"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=313676"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/313676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/313317"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=313676"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=313676"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=313676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}