The link below will take you to my latest update for HRZ. This is probably the most important update since the initiation mind last year given HRZ has released the Black Swan study and has raised equity to fund the whole development.

FEED and FID will be coming in the next few months, leading into the start of construction mid CY26, with first production in 2Q CY27.

https://www.raasgroup.com/live/download/?wpdmdl=7547

$35m with $30m cash is a good sale as I had zero value on this asset as HRZ had nothing to put through it. 

If one hasn't already thought as much, it may be worth looking at FRS as a "repeat" of HRZ post its acquisition of Black Swan.

We hosted a webinar for HRZ today. Link here. Excuse having to look at my mug for the first ~13mins.

As I mentioned to @Bear77, I have some research out on one of the dev plays he mentioned in the Sub 2c punters thread. That play is HRZ. The link below leads to the report. Please make yourself aware of the disclaimers and risks.

https://www.raasgroup.com/live/download/asxhrz-horizon-minerals-raas-initiation-report-2025-06-06/