Moving towards a new horizon to become Western Australia’s next standalone gold producer.
Horizon Minerals Limited (ASX: HRZ) is an emerging mid-tier gold producer with an extensive portfolio of highly prospective gold projects located in the heart of the world class Western Australian goldfields.
The Company was formed in June 2019 after Intermin Resources Limited finalised its merger with MacPhersons Resources Limited. The merged entity has a large resource base of over 1.24 million ounces of gold covering a total area of 1,100km², growth options in multiple commodities and a clear development and production strategy.
The Company merged with Greenstone Resources Limited in June 2024 which increased its portfolio of assets in the eastern goldfields of WA to create a significant gold company with 1.8 million ounces of gold resources with an extensive 939km2 land holding with exposure to other multi-commodity assets.
Horizon’s asset base holds 1,372,000oz of existing estimated gold Mineral Resources located within easy trucking distance of the 428,000oz Boorara deposit (over 1.8 million ounces of gold in total). The Company is actively exploring for new discoveries in the heart of the Western Australian Goldfields for gold and other commodities including Nickel-Cobalt, Silver-Zinc, PGEs and Lithium across its extensive land holdings. The Company also plans to monetise high grade assets into cashflow for the business.
MINE DEVELOPMENT
Horizon controls a number of projects that can be developed into a sequence of high grade, low tonnage underground mines in close proximity to existing infrastructure that can be monetised through toll milling. The underground projects include Cannon, Penny’s Find and Rose Hill.
Cannon resource of 32koz grading 4.3g/t Au with PFS completed and approvals well advanced. Horizon is continuing the development tender process, contract negotiations and evaluation and dewatering activities.
Penny’s Find resource of 42koz grading 4.57g/t with the prefeasibility study is expected to be completed in 2024.
Rose Hill underground resource of 75koz grading 4.6g/t Au with internal optimisation work underway.
GROWTH OPPORTUNITIES
Horizon holds a significant portfolio of advanced and greenfields exploration assets and is expected to continue to aggressively explore for resource extensions to existing mineralisation, new discoveries across multi-commodities and review further acquisitions within the goldfields region that can add value and fit with the development strategy.
The Company also has exposure to significant growth opportunities across other commodities including the world-class 1.8Bt Richmond vanadium project in central Queensland and the Nimbus silver-zinc-gold project.
+1Moz
Gold Mineral Resources
1,300km²
Large, strategic WA Goldfields landholding
~50,000m
CY25-26 drilling program focussed on resource growth potential
A$11M
Cash/investments to support growth strategy