Horizon Minerals: Expediting the Path to Gold Production

Tue June 18 2024

ASX-listed emerging mid-tier gold mining company Horizon Minerals (ASX:HRZ) focuses on a portfolio of highly promising gold projects in the world-class Western Australian goldfields. The company's near-term cash-flow potential and significant land package in the prolific Western Australian Goldfields position the company to positively leverage the current bull gold market opportunity.

Horizon Minerals' recent merger with Greenstone has added nearly 0.5 million ounces (Moz) of high-grade resource to Horizon, taking its total tally to 1.8 Moz, and will result in Horizon Minerals holding a land package of 939 sq km in the Kalgoorlie-Coolgardie district.

The merger brings near-term cash-generating opportunities and adds greater scale to its baseload assets (Boorara) with the high-grade Burbanks deposit. Horizon’s dual-track strategy involves generating immediate cash flows by leveraging a pipeline of development-ready production assets and concurrently advancing the cornerstone assets, Boorara and Burbanks, which have a combined resource inventory of 914 koz at 1.7 grams per ton (g/t) gold with potential to support a profitable, long-life operation.

Company Highlights

• Horizon Minerals is an emerging mid-tier gold producer with an extensive portfolio of highly promising gold projects located in the world-class Western Australian goldfields.
• The recently announced merger with Greenstone Resources will establish Horizon as a mid-tier gold producer in the Western Australian Goldfields. The combined entity will boast a resource base of 1.8 Moz and enhance Horizon’s portfolio by combining two complementary cornerstone gold assets — Burbanks and Boorara (combined resource of 914,000 oz).
• Horizon is also progressing with other projects, including the Cannon and Penny’s Find underground mines, and bringing the Boorara open pit into production.
• Amidst the current record gold prices, Horizon seeks to capitalize on this opportunity by advancing its substantial resource endowment towards development, thereby generating cash flow.

Source: https://investingnews.com/