Gold developer Horizon Minerals has agreed to offload its Gunga West gold project in Western Australia (WA) to FMR Investments. Located near Coolgardie in the WA goldfields, the Gunga West project was acquired by Horizon in 2019 as part of a larger asset swap with Northern Star Resources. The assets considered for sale include one prospecting licence, seven mining leases and one miscellaneous licence that form the Gunga West project. According to the agreed terms, FMR will make a A$400,000 cash payment for the transaction. Horizon, however, will have access to its Greenfields toll mill in Coolgardie, for the ... (full story)