Mining

Horizon Minerals Limited (ASX:HRZ)

Industry Group : Materials | Industry Group Name : Metals & Mining

Market Price : AUD 0.13250.0025 (1.923%)

(as on 2021-10-24 00:40:37)

Market Cap : AUD 75.257 M

Previous Close Open Close* Day Range 52 WEEK HIGH LOW
0.13 0.135 0.1325 0.1325L 0.135 H 0.096L 0.15 H
Last Trade 0.1325
Change% 1.9231
52 W H/L 0.15/0.096
EBITDA 3.08 M
NPAT After Abnormal Items 2.447 M
Equity 64.07 M
ROE% 0.54%
Total Liabilities 2.381 M
Total Revenue 23.254 M
Cash and Cash Equivalents 11.316 M

Stock Information

Share price 0.1325
Market Cap 75.257 M
Price/Gross Cash Flow 96.44
Dividend Yield Excluding Special 0.00%
Ending Shares 567.975 M
52-Week Range 0.096-0.15
P/E ratio 29.412
Sector P/E --
EPS 0.45
EV/EBITDA 62.35
Net Profit Margin (%) 2.06%
Gross Cash Flows Per Share 0.00
Net Gearing -17.45%
Gross DPS (AUD) 0
Gross Dividend Yield (Annualized) 0.00%
Earnings Yield 3.400
Net Tangible Asset (NTA) 0.11
Sales Per Share 0.03
Book Value Per Share 0.11

Announcements

Heading Date/Time
Regional Exploration Update  20/10/2021 9:30AM
Cannon, Glandore and Cowarna Acquisitions Completed  19/10/2021 9:34AM
Noticed required under ASX Listing Rule 3.13.1  12/10/2021 4:33PM
Notification regarding unquoted securities - HRZ  08/10/2021 6:05PM
Notification of cessation of securities - HRZ  07/10/2021 7:14PM
High Grade Results Continue From New Kestrel Discovery  05/10/2021 10:37AM
Kalpini Gold Project Mineral Resource Update  28/09/2021 9:11AM
Jacques Find - Peyes Farm Mineral Resource Update  15/09/2021 9:15AM
Appendix 4G & Corporate Governance Statement 2021  10/09/2021 4:01PM
Annual Report 2021  10/09/2021 4:00PM
Updated Crake Gold Resource Improves In Quality  07/09/2021 9:00AM
Notification regarding unquoted securities - HRZ  30/08/2021 5:20PM
World Class Richmond Vanadium JV Advances to DFS  17/08/2021 9:02AM
Kestrel Drilling Confirms Potential For New Discovery  02/08/2021 8:56AM
Drilling Shows Growth Potential Of Greater Boorara Area  29/07/2021 9:35AM
High Grade Drill Results From Kalpini Gold Project  27/07/2021 9:09AM
Quarterly Cashflow Report 30 June 2021  20/07/2021 9:18AM
Quarterly Activities Report 30 June 2021  20/07/2021 9:05AM
Penny's Find JV Resource Update  14/07/2021 9:31AM
Gold Coast Investment Showcase Presentation June 2021  23/06/2021 8:31AM
Excellent Drilling Results Continue At Binduli Gold Project  16/06/2021 9:45AM
High Grade Results Continue From Windanya Gold Project  26/05/2021 9:41AM
Reinstatement to Official Quotation  18/05/2021 10:01AM
Acquisition of Bulong South, Glandore and Cowarna Projects  18/05/2021 10:01AM
Suspension from Official Quotation  17/05/2021 10:14AM
Trading Halt  13/05/2021 9:19AM
Change in substantial holding  11/05/2021 3:39PM
Investor Presentation May 2021  04/05/2021 9:41AM
Boorara Resource Update Increases Gold Grade by 34%  27/04/2021 9:13AM

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About Company

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.

Corporate Information

company address 163-167 Stirling Highway, NEDLANDS, WA, AUSTRALIA, 6009

company phone(08) 9386 9534

company email[email protected]

company websitehttp://www.horizonminerals.com.au

Dividends

Ex-Dividend Date Franking DPS (AUD) Dividend Yield
30/06/2021 -- 0.000 0.00%
30/06/2020 -- 0.000 0.00%
30/06/2019 -- 0.000 0.00%
30/06/2018 -- 0.000 0.00%
30/06/2017 -- 0.000 0.00%
30/06/2016 -- 0.000 0.00%
30/06/2015 -- 0.000 0.00%
30/06/2014 -- 0.000 0.00%
30/06/2013 -- 0.000 0.00%
30/06/2012 -- 0.000 0.00%

Event Calendar

Event Type Event Date Event Year
Report (Annual) 2022-09-09 2022
Report (Quarterly) 2022-07-19 2022
Report (Quarterly) 2022-04-14 2022
Report (Quarterly) 2022-01-11 2022

Financials

Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Trading Revenue 16.757 M -- -- 26.73 M 9.803 M
Other Revenue 6.497 M 3.717 M 3 M 729,704 256,667
Total Revenue 23.254 M 3.717 M 3 M 27.459 M 10.06 M
Interest Income 50,964 58,382 58,557 16,916 49,626
Interest Expenses -373,059 -257,892 0 0 0
Expenses -22.317 M -2.301 M -4.432 M -23.931 M -10.469 M
EBITDA 936,518 1.416 M -1.433 M 3.528 M -409,139
Depreciation and Amortization -219,755 -173,133 -26,262 -23,685 -30,172
Depreciation -219,755 -173,133 -26,262 -23,685 -30,172
Amortisation 0 0 0 0 0
EBIT 716,763 1.243 M -1.459 M 3.504 M -439,311
Pre Tax Profit 394,668 1.044 M -1.4 M 3.521 M -389,685
Tax Expense -48,956 0 0 0 0
Net Profit After Tax 345,712 1.044 M -1.4 M 3.521 M -389,685
Minority Interest 0 0 0 0 0
Preference Dividend 0 0 0 0 0
Net Abnormal Items 2.102 M 0 -1.734 M 0 0
Reported Net Profit After Abnormal Items 2.447 M 1.044 M -3.135 M 3.521 M -389,685
Ending Shares 567.975 M 452.975 M 427.975 M 227.192 M 218.413 M
Weighted Average Shares 544.503 M 435.03 M 243.488 M 198.202 M 185.745 M
EPS After Abnormal Items (cents) 0.45 0.24 -1.29 1.78 -0.21
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Total Current Assets 12.421 M 12.129 M 5.509 M 11.023 M 9.711 M
Total Non Current Assets 54.03 M 43.02 M 40.769 M 15.287 M 15.892 M
Total Assets 66.452 M 55.149 M 46.277 M 26.309 M 25.603 M
Total Current Liabilities 905,574 7.682 M 990,214 2.541 M 6.239 M
Total Non Current Liabilities 1.476 M 1.05 M 2.257 M 100,000 100,000
Total Liabilities 2.381 M 8.732 M 3.248 M 2.641 M 6.339 M
Net Assets 64.07 M 46.417 M 43.029 M 23.668 M 19.263 M
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Net Operating Cash 6.053 M -2.084 M -4.748 M 13.1 M 1.184 M
Net Invested Cash -10.96 M -2.628 M -1.636 M -6.257 M -5.801 M
Net Financing Cash Flows 10.327 M 5.656 M 1.038 M 424,853 5.73 M
Beginning Cash 5.896 M 4.951 M 10.297 M 3.03 M 1.917 M
End Cash Position 11.316 M 5.896 M 4.951 M 10.297 M 3.03 M
Exchange Rate Adjustments 0 0 0 0 0
Other Cash Adjustments 0 0 0 0 0
Ending Cash 11.316 M 5.896 M 4.951 M 10.297 M 3.03 M

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