Hemsworth, 24, will play the protagonist and the 52-year-old 'True Detective' star will portray the main villain, reported Aceshowbiz.
The film revolves around David, an 1880s Texas Ranger who is sent to an isolated frontier town to investigate a series of mysterious murders. There he squares off against a local preacher named Abraham, who holds the townsfolk in a fearful grip.
Kieran Darcy-Smith ('Wish You Were Here') is reportedly the director for the upcoming cowboy movie.