HIGHLIGHTS
- Merger with
- MergeCo shall employ a dual track strategy to bring in short term cashflow via a pipeline of development ready production assets through a contract mining / JV and toll milling scenario, in parallel with working on the larger cornerstone assets of Boorara and Burbanks which have a combined resource inventory of 914koz at 1.7g/t Au with potential to support a profitable long-life operation
- Cannon pipeline and pumping system commissioned, with the majority of tenders received from underground mining contractors to advance development of the project
- Prefeasibility study commenced for the Pennys Find underground project
- Initial optimisations completed for the cornerstone Boorara and Kalpini projects show strong cashflows at
- Cash at bank of
A key objective for the Company is on near term gold production and exploration upside within our large tenement package of over 900 km2 . The Company holds numerous multi - commodity assets including 1.28 Moz of gold resources, the Nimbus Silver Zinc project in
Activities during the quarter focussed on preproduction activities at the
Tenders were also received from several underground mining contractors. Prefeasibility work commenced on the Pennys Find underground mine, which is slated to commence after Cannon underground. Early stage soil and rock chip sample results were also received from the Bridgetown-Greenbushes lithium project, along with lithium results from Yarmany East.
The balance sheet was strengthened with the shares in TSX and NASDAQ listed
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About
Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Horizon has a number of joint ventures in place across multiple commodities and regions of
Contact:
Chief Executive Officer
T: +61 8 9386 9534
E: grant.haywood@horizonminerals.com.au
Media Relations -
T: +61 422 602 720
E: michael.vaughan@fivemark.com.au
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