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GHM - Golden Horse Minerals

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Golden Horse Minerals Limited is a mineral exploration company primarily focused on the acquisition, exploration and development of tenure in the vicinity of Southern Cross, Western Australia which is considered prospective for gold and lithium.

The Company's wholly owned Australian subsidiary, Golden Horse Minerals (Aust) Pty Ltd (formerly Altan Rio Minerals (Aust) Pty Ltd), holds the Company's interest in its flagship Southern Cross Project.

The Southern Cross Project is situated immediately north and south of the town of Southern Cross, in Western Australia, approximately 390km east of Perth and 220km west of Kalgoorlie. The Southern Cross Project tenements stretch approximately 95km northnortheast and 35km south from Southern Cross, and comprise prospecting licences, exploration licences and mining leases which are prospective for gold, nickel and lithium. The Project is split into three exploration zones, being the Southern Zone, Central Zone and the Northern Zone.

The Company also has entered into an option agreement to initially acquire a 10% interest in the Redbank Copper Project, located in the Northern Territory.

It is anticipated that GHM will list on the ASX during December 2024.

 
Listing date02 December 2024 ; 12:00 PM AEST ##
Contact detailshttps://goldenhorseminerals.com/
Ph: + 61 (0) 494 175 147
Principal ActivitiesMining
Issue PriceAUD 0.25
Issue TypeChess Depository Interests 1:1
Security codeGHM
Capital to be Raised$18,000,000
Expected offer close date15 November 2024
UnderwriterNot underwritten. Canaccord Genuity (Australia) Limited (Lead Manager).
Euroz Hartleys Limited (Lead Manager)
 
listed at 20c at start of the week ...
...and away...
Screenshot_20241221_165736_CommSec~2.jpg
 
The Golden Horse tenure is more than 1,888km2 within the Southern Cross Greenstone Belt covering 130km of poorly tested stratigraphy and structure that has not been properly explored with modern techniques and tested by drilling below 50m depth.

The Belt spans approximately 300km in length and has produced more than 12 million ounces of gold. It is one of the top precious metals provinces in Western Australia.

The Greenstone belt consists of altered intrusive and meta-sedimentary rocks which are supported by two operating gold mills at the Marvel Loch and Edna May processing plants.
 
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