The transaction would see Horizon divest its 100 per cent interest in the Anthill, Blister Dam, New Mexico, White Flag and Kanowna North tenements and acquire 100 per cent interest in Northern Star’s Rosehill, Brilliant North and Gunga West projects in Coolgardie and the Golden Ridge, Balagundi, Abattoir and Mt Monger projects in Kalgoorlie.
Shares in Northern Star Resources (ASX:NST) are trading 0.7 per cent higher at $10.65.