Horizon Minerals Progressing Boorara’ s First Ore Processing, Commences Milling Campaign at Lakewood

July 17, 2020 03:02 PM AEST
Team Kalkine

In a significant update, Horizon Minerals Limited (ASX: HRZ) reported that mining and ore haulage at the Boorara gold mine remains well ahead of schedule.

Up until now, total material movement of 357,000 BCM, representing 30% above plan and the ore mined of 80,000t at a fully diluted grade of 1.5g/t Au is completed, which is in line with reserve model estimates.

The company has commenced first milling campaign at the Lakewood producing first gold next week, while the regular campaigns are scheduled through to January 2021.

The Stage One Boorara Development plan along with capitalising the current strong gold price, would also provide mine to mill reconciliation outcomes.

HRZ traded at $0.140, up by 3.7% (as at 12:13 PM AEST).

Disclaimer

The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.