Horizon Minerals Limited (ASX: HRZ) is an emerging mid-tier gold producer with an extensive and highly prospective gold projects pipeline stationed in the heart of the world-class Western Australian goldfields. Horizon controls several prospective tenements within the Kalgoorlie and Coolgardie region. The Company hosts gold resources of 1.12Moz and has substantial open cut and underground growth potential.
Horizon was formed with the merger of Intermin Resources Limited and MacPhersons Resources Limited in 2019. The merged entity has a large gold resource base and covers an extensive area. The Company has growth options in multiple commodities along with clear development and production strategy. All tenure is located in close proximity to the necessary infrastructure and services.
Horizon is led by highly experienced resource executives who have a successful track record in identifying, discovering and developing world-class projects. The Company’s board and management have strong technical skills and experience in exploration, mine development, mill construction, operations and corporate.
As a path to growing a sustainable and profitable business, Horizon targets initial mine life of 5-7 years based on a standalone processing solution. Significantly, Boorara would provide baseload feed supplemented by satellite deposits. While the Boorara gold project would provide baseload feed, other high-grade deposit areas, including Binduli (Crake), Rose Hill, Teal and Kalpini, would offer satellite feed.
Boorara gold project located 15 kilometres east of Kalgoorlie-Boulder in the Western Australian goldfields and hosts a mineral resource of 11Mt grading 1.26g/t Au for 448,000 oz at a 0.5g/t Au cut-off grade. The project consists of three deposits, including Royal, Regal and Crown Jewel, with the mineralisation present along a 1.5 st kilometres strike length.
Horizon also sees near term production opportunity at high-grade Penny’s Find Joint venture (HRZ 50%), which it acquired in 2021.
The Company has a diverse portfolio, with exposure to vanadium, silver, zinc and copper through non-core projects, including Richmond - Julia Creek oxide vanadium project (HRZ 25%) and Nimbus silver-zinc project. Horizon owns several royalties associated with production, development and exploration projects offering current or potential revenue streams to support ongoing activities.