Northern Star Resources in tenement exchange with Horizon Minerals

Company News

by Rachael Jones

Horizon Minerals (ASX:HRZ) is pleased to advise that it has reached agreement with Northern Star Resources (ASX:NST) to a tenement exchange in the WA Goldfields for no cash consideration.

The transaction would see Horizon divest its 100 per cent interest in the Anthill, Blister Dam, New Mexico, White Flag and Kanowna North tenements and acquire 100 per cent interest in Northern Star’s Rosehill, Brilliant North and Gunga West projects in Coolgardie and the Golden Ridge, Balagundi, Abattoir and Mt Monger projects in Kalgoorlie.

Shares in Northern Star Resources (ASX:NST) are trading 0.7 per cent higher at $10.65.