Company
Horizon Minerals Ltd
ASX:HRZ
Horizon Minerals Ltd (ASX:HRZ) is an emerging mid-tier gold producer with an extensive portfolio of highly prospective gold projects in the heart of the world-class Western Australian Goldfields. The company has a large resource base of 1.15 million ounces of gold covering a total area of 1,100 square kilometres, growth options in multiple commodities and a clear development and production strategy.
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Horizon Minerals executes US$5 million finance agreements with Nebari
Proceeds will be used to settle the A$2.1 million deferred Cannon payment to Aurenne and to contribute to the upfront capital costs of the proposed Cannon underground mine.
Horizon Minerals closes shortfall offer to take SPP funds to $668,391
Funds from the SPP and shortfall will be used to continue Horizon’s exploration programs across its extensive gold and nickel asset portfolio in Western Australia.
Horizon Minerals has priority offer in Richmond Vanadium Technology IPO
The IPO to raise between $25 million and $35 million opened on October 24, 2022, with funds raised to primarily be used for a bankable feasibility study at the Richmond Vanadium Project in North Queensland.
Horizon Minerals secures US$5 million to help bring Cannon Gold Project to production
The company plans to utilise the contract mining and toll milling model to advance a sequence of underground developments with Cannon, Penny’s Find and Rose Hill.
Horizon Minerals completes gold projects divestment
HRZ is continuing to look at divesting non-core assets and has received several expressions of interest for its assets in the northern Kalgoorlie and Coolgardie regions.
Horizon Minerals hones in on nickel sulphides at Euston and Blair North prospects
“The company’s grassroots exploration program is continuing to deliver quality results in gold, nickel and rare earths as we test high priority targets,” said managing director Jon Price.
Horizon Minerals increases golden bounty to 1.24 million ounces
“We are pleased with the increase in our mineral resource base from a modest amount of drilling, with all resources open at depth and along strike, that show the potential upside from these initial estimates with further drilling programs,"
Horizon Minerals garners high-grade gold at Pinner in Greater Boorara-Cannon project area
Mineralisation is now defined along 110 metres of strike length and remains open to the south and at depth within a granted mining lease.
Horizon Minerals' subsidiary acquires remaining 50% interest of Penny’s Find Gold Project
The company entered into a 50:50 joint venture with Labyrinth in July 2022 and completed reverse circulation and diamond drilling programs and compiled an updated mineral resource estimate.
Horizon Minerals fields encouraging gold results at Honeyeater and Black Flag prospects in WA goldfields
“We look forward to further drilling programs in these exciting areas in 2023 to follow up extensions and new discovery drilling, with strong resource growth potential leveraging off existing infrastructure in the eastern goldfields area,"
Horizon Minerals fields high-grade gold at Monument Prospect
Regional exploration is progressing well at several historic prospects in the Cannon – Glandore area for both gold and nickel sulphides with further results expected in the current quarter.
Horizon Minerals divests more non-core assets
The ASX-lister holds several gold projects in Kalgoorlie and Coolgardie, including the half-million-ounce Boorara project, which is currently in production.
Horizon Minerals investee Richmond Vanadium Technology plunges $5 million into Ultra Power Systems; secures vanadium offtake deal
Richmond Vanadium Technology MD Shaun Ren said the partnership would contribute to the company's aim of "establishing a significant mine to metal to battery corridor right here in Australia".
Horizon Minerals targets up to $6 million to fund ambitious exploration program across asset portfolio
“The funds to be raised from the placement and SPP enable the company to continue and accelerate the aggressive resource growth and new discovery drilling program testing multiple targets for both precious and base metals,” said MD Jon Pric
Horizon Minerals divests non-core Gunga West and secures toll treatment allocation
The transaction with FMR Investments includes a cash component of $400,000 and access to FMR’s greenfields toll mill on commercial terms for ore treatment of 200,000 tonnes.
Horizon Minerals completes Richmond Vanadium Project demerger
The Richmond Vanadium Project in northwest Queensland is one of the largest undeveloped vanadium projects in the world.
Horizon Minerals hits sulphide mineralisation in first hole at Euston
“It’s very encouraging that the first hole returned at Euston has hit significant nickel mineralisation, which is a fantastic result,” says MD.
Horizon Minerals continues to progress vanadium project to IPO stage
“The Horizon team and our JV partners have done an excellent job progressing the internal restructure so we can now advance the IPO and ASX listing process for this world-class project,” Horizon MD Jon Price said.
Horizon Minerals intercepts “encouraging” palladium and platinum mineralisation at Lakewood
“To be intercepting platinum group metals and nickel-cobalt in this highly underexplored area on the edge of Kalgoorlie-Boulder highlights the untapped potential of the region," says MD Jon Price.
Horizon Minerals divests listed investments to boost cash balance by $2 million
“Proceeds from the recent share sales, combined with the current cash position, will contribute to the large-scale multi-commodity exploration program for 2022 that commenced earlier this quarter,” says MD.
Horizon Minerals’ PFS demonstrates net cash flow of A$10.1 million over 16 months at Cannon underground gold project
While the Cannon underground gold project has been prioritised for development, the Penny’s Find and Rose Hill underground projects are under assessment for potential sequential development.
Horizon Minerals evaluates optimal economic pathway for Nimbus amidst increasing demand for silver and zinc
“The company will continue working to develop a longer-term production profile underpinning a concentrator at site and look forward to further drilling success and the completion of the DFS,” says MD.
Horizon Minerals advances PFS, BFS and IPO vision for Richmond Vanadium Project
As the market heats up, Horizon is looking to pool its interest with joint venture partner Richmond Vanadium Technology, creating a dedicated initial public offering (IPO) vehicle.
Horizon Minerals fields strong gold and encouraging initial nickel results from Golden Ridge
“This highly mineralised system is now being tested for base metals with immediate initial success. We now look forward to the deeper drilling and EM survey data in our search for nickel sulphides and further gold extensions to the north an
Horizon Minerals sells nickel exploration rights at Berehaven Project to Metal Hawk
“We are confident there will be more nickel discoveries at Berehaven and we have now exercised the nickel rights option with Horizon,” says Metal Hawk MD.
Horizon Minerals outlines Yarmany’s multi-commodity potential thanks to first-pass program
“We look forward to the release of further results and the commencement of the large-scale multi-commodity exploration program in coming months,” says MD.
Horizon Minerals completes further gold toll milling campaigns at Boorara open pit
“The toll milling campaigns have provided both cash flow and invaluable geological and metallurgical reconciliation information improving our confidence in the current model for Boorara,” says MD.
Horizon Minerals intercepts new high-grade gold extensions at Crake and Coote projects
Further drill testing along strike and between these two deposits is planned in 2022 and it sees potential for significant resource growth all within close proximity to existing infrastructure in the Kalgoorlie region. Drilling
Horizon Minerals advances project definition and discovery campaign in December quarter
The gold explorer and producer drilled 14,486 metres over 2021’s final months and is set to keep pace in the new year, with up to four drill rigs on site working across the portfolio.
Horizon Minerals completes further toll milling campaigns at Boorara open pit
“We look forward to completing the second milling campaign next quarter and continuing to evaluate our open pit and underground projects and complete planning for the large-scale exploration program in 2022.”
Horizon Minerals to take full ownership of Penny’s Find
Commenting on the divestments, CEO Matt Nixon said: “The sale of Labyrinth’s 50% interest in Penny’s Find to joint venture partner Horizon delivers a positive outcome for both parties and, most importantly, for shareholders."
Horizon Minerals intersects further strong gold results at Golden Ridge including 4 metres at 46.70 g/t
“These latest drilling results continue to demonstrate the prospectivity within the greater Boorara project area,” says MD.
Horizon Minerals moves to demerge and progress IPO for Richmond-Julia Creek Vanadium Project
The demerger pathway for the project is consistent with the company’s strategy of realising value for shareholders from its non-core assets.
Horizon Minerals adds to Boorara region gold bounty with Cannon Project resource update
“The project has the potential to provide high-grade ore early in the production profile with significant growth potential down plunge and along the Cannon shear zone and we look forward to completing the underground mining studies and upda
Horizon Minerals forges ahead with 50,000-metre drilling program to grow +1-million-ounce gold resource
Extensive resource definition, extension and new discovery drilling program continues across the portfolio with up to four drill rigs on site and 13,861 metres completed in the September quarter.
Horizon Minerals inks nickel rights option agreement with Metal Hawk
“The company’s core focus remains firmly set on developing a standalone gold project in the Kalgoorlie and Coolgardie regions,” says MD.
Horizon Minerals eyes “long-term prospectivity” with strong regional results across Kalgoorlie-Coolgardie portfolio.
“The company has a wealth of resource growth and new discovery targets and continues to explore across the entire portfolio in what we know is a world-class minerals province," says MD.
Horizon Minerals completes acquisition of three complementary WA gold assets
HRZ is well advanced in its review of the geological data, resource and reserve models and high priority drilling targets, with an updated mineral resource estimate and ore reserve for the Cannon underground gold mine expected to be announc
Horizon Minerals boosts Kestrel potential with new high-grade gold hits
The Kestrel discovery is part of the Binduli project area, 13 kilometres northwest of Kalgoorlie–Boulder in the Western Australian Goldfields.
Horizon Minerals upgrades Kalpini gold resource, 78% in indicated category
Horizon acquired Kalpini in October last year and has updated the mineral resource estimate following successful drilling.
Horizon Minerals' updated 130,000-ounce Jacques Find-Peyes Farm resource boosts Boorara gold bounty
Mine optimisation and open pit design work is well advanced with a maiden ore reserve expected in the December quarter of 2021.
Horizon Minerals makes steady progress towards mine plan and gold processing plant at Boorara
Boorara has the potential to provide long-life base load feed supported by multiple open pit and underground satellite mines.
Horizon Minerals improves Crake gold resource quality with more high-grade results
The updated mineral resource estimate will be used for open pit mine optimisation, design and economic analysis and to generate a maiden ore reserve expected in the December quarter of 2021.
Horizon Minerals advances Richmond-Julia Creek JV vanadium project to DFS stage on strong price outlook
An updated pre-feasibility study forecasts production of 12,701 tonnes of vanadium pentoxide flake per year.
Horizon Minerals drilling confirms potential for new discovery at Binduli Gold Project
The drilling program comprised 15 reverse circulation (RC) holes for 1,630 metres at the emerging Kestrel prospect.
Horizon Minerals drilling highlights greater Boorara project area’s golden growth potential
More assays are in from Horzion’s 50,000-metre 2021 exploration campaign, with results highlighting the gold prospectivity of a 10-kilometre mineralised corridor between the Boorara and Golden Ridge deposits.
Horizon Minerals signs agreement with Metal Hawk covering nickel rights on 12 tenements in Eastern Goldfields
Metal Hawk will focus initial exploration north of the Blair nickel sulphide deposit where north-northwest trending interpreted ultramafic rocks extend for up to 10 kilometres across the Berehaven Nickel Project.
Horizon Minerals high-grade gold results demonstrate open-pit and underground potential at Kalpini
Work at Kalpini is set to support an updated mineral resource estimate, while the precious metals asset will also be included in a consolidated feasibility study with Horizon’s other WA gold projects.
Horizon Minerals to advance exploration and pursue resource upgrades across WA Goldfields portfolio in September quarter
The emerging gold producer spent the June quarter exploring its WA Goldfields assets, with a large-scale exploration campaign primed to continue in the current quarter.
Horizon Minerals and JV partner Orminex lift Penny Find's gold resource to 42,000 ounces at 5.22 g/t
The 2021 drilling program and updated mineral resource estimate has improved geological confidence with an increase in mineralisation reporting to the indicated resource category to 83% from 64%.
Horizon Minerals continues to enhance the gold story with more strong hits from Binduli
Excellent results are transforming the company’s Binduli Gold Project into a key satellite production hub with advanced development projects and emerging organic growth assets.
Horizon Minerals results at Windanya and Baden Powell enhance golden pipeline with resource estimates planned later this year
Drilling to date has comprised 57 aircore holes for 2,097 metres and 21 reverse circulation holes for 1,653 metres to a maximum depth of 138 metres.
Horizon Minerals higher on acquiring Bulong South, Glandore and Cowara gold projects for $5 million
The projects comprise 24 granted mining, prospecting, exploration and miscellaneous licences covering around 180 square kilometres strategically located near the company’s Boorara gold asset.
Horizon Minerals in trading halt with material acquisition announcement pending
Securities will remain halted until Monday, May 17 or when an announcement is released to the market.
Horizon Minerals substantial holder Delphi Unternehmensberatung AG boosts stake to 9.62%
The company is compiling an updated mineral resource to be delivered in the current quarter at Penny’s Find to add to its growing gold inventory.
Horizon Minerals buoyed by further high-grade gold intercepts at Penny’s Find Gold Mine JV
With all the results received, the focus is now on the compilation of an updated mineral resource to be delivered in the current quarter.
Horizon Minerals updates Boorara gold resource and delivers 34% increase in grade
The April 2021 mineral resource model has shown a reduction in tonnage offset by a 34% increase in grade and an updated estimate of 11 million tonnes grading 1.26 g/t gold for 448,000 ounces at a 0.5 g/t gold cut-off grade.
Horizon Minerals reveals high-grade results up to 61.21 g/t at Peyes Farm Gold Project confirming grade continuity
The drill program comprised reverse circulation and diamond holes testing extensions to the supergene zone.