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German investor backs Horizon gold

A German investment company is loaning Horizon Minerals A$4 million to help get the ASX-listed company to first gold production in the September quarter from the Boorara project in Western Australia.

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Horizon Minerals is planning to mine at Boorara in Western Australia

Sparta AG's $4 million comes with a 20% interest rate and is repayable by March 18, 2021.