Baker McKenzie acts for client, MacPhersons Resources, in their merger with Intermin Resources to combine the two companies through a scheme of arrangement.

Baker McKenzie lead partner on the transaction and head of M&A in Australia, Richard Lustig stated: "The merger will create a significant resources company, to be renamed Horizon Minerals Ltd pending shareholder approval, with combined Mineral Resources of 1.15Moz of gold, an attractive gold exploration portfolio and exposure to multiple commodities including vanadium, nickel-cobalt, copper and silver-zinc."

Commenting on the Merger, Macphersons’ Managing Director Jeff Williams said: “The combined technical and commercial skills of the two companies is expected to greatly enhance the merged group’s capabilities. This is a transformational deal which creates the economies of scale necessary to undertake a standalone development."

Jeff further commented: “Together we will have a strong Board and Management team, large resource base of more than 1 million ounces, growth options in multiple commodities and a clear development and production strategy in the WA goldfields.”

Macphersons is a Western Australian resource company with a number of advanced gold, silver and zinc exploration projects within close proximity to Kalgoorlie.

Intermin has a Mineral Resource of 562,000 ounces in the Kalgoorlie, Coolgardie and Menzies region and several active joint ventures including the world class Richmond vanadium project in Queensland.

Richard was assisted by a Baker McKenzie team comprising: Caroline Tait and Chris Taylor.

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