Overview of Horizon Minerals' lithium exploration update

Horizon Minerals Limited (ASX: $HRZ) has released an update on its lithium projects near Bridgetown and Coolgardie in Western Australia. The company conducted a small first pass, site reconnaissance soil and rock chip sampling program at the newly acquired Bridgetown-Greenbushes project, as well as resubmitted drill pulps for lithium and pathfinder geochemistry at the Yarmany East project. The results indicate early encouragement at the Bridgetown-Greenbushes project and the presence of pathfinders and lithium at the Yarmany East project, prompting further investigation. Chief Executive Officer Mr Grant Haywood expressed satisfaction with the early-stage work and highlighted the company's consideration of potential strategic options for its emerging lithium assets.

Executive commentary on exploration results

Chief Executive Officer Mr Grant Haywood stated, 'Although very early days at both our Yarmany East and Greenbushes Lithium projects, it is pleasing to have begun reconnaissance and early-stage work to increase our understanding in these areas in preparation for future drill test programmes, particularly at Yarmany East where we have previously identified approximately 14km of strike of unexplored lithium anomalies. In parallel, the Company is also considering potential strategic options for our emerging lithium assets.'

Summary of lithium exploration update and future plans

Horizon Minerals' recent lithium exploration update reveals early encouragement at the Bridgetown-Greenbushes project and the presence of pathfinders and lithium at the Yarmany East project. The company plans to conduct further infill soil and rock chip sampling at the Bridgetown tenure, followed by an infill and extension auger program, and potentially further drilling activities. Additionally, Horizon Minerals is in discussions with various parties interested in acquiring or earning into the lithium rights at Yarmany East. The company's proactive approach to understanding and developing its lithium assets demonstrates its commitment to exploring strategic options and maximizing the potential of its projects.