Golden Horse Minerals Finds Potential 'Lever of Growth' at Western Australia Project, Says Euroz, Shares up 5%

MT Newswires Live

2025/10/24

Golden Horse Minerals (ASX:GHM) has potentially found a new "lever of growth" from additional targets that it has found on its Hopes Hill Gold Project in Western Australia, said Euroz Hartleys in a Thursday note.

The company on Thursday said it encountered intercepts of 11.9 meters at 2.9 grams per tonne grade of gold from 200.1 meters, as well as 34 meters at 2.5 g/t grade of gold from 193 meters.

The research firm said that the company is priced for the successful delineation of resources at Hopes Hill, where any additional successful exploration at regional targets, which are commencing near-term, and near-mine, are key for growth.

Euroz Hartleys has maintained a speculative buy rating on Golden Horse Minerals and a price target of AU$1.17.

The company's shares rose past 5% in recent Friday trade.

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