In­ter­min and MacPher­sons to merge

The Australian Mining Review - - NEWS: EXPLORERS ON THE MOVE -

JU­NIOR Gold­fields-fo­cussed ex­plor­ers In­ter­min and MacPher­sons have agreed to merge to form a new gold com­pany, Hori­zon Min­er­als.

Un­der the merger, the com­pany would have a com­bined min­eral re­source of 1.15 mil­lion ounces with a 100 per cent in­ter­est in the Boorara gold pro­ject and the Nim­bus pro­ject which con­tained gold, sil­ver and zinc, as well as sev­eral ac­tive joint ven­tures.

“Com­bin­ing MacPher­sons’ large baseload Boorara de­posit with the nearby, higher-grade In­ter­min projects should en­able a more rapid path­way to pro­duc­tion with suf­fi­cient scale to avoid the need for third party toll milling,” In­ter­min man­ag­ing di­rec­tor Jon Price said.

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