Horizon Minerals Limited (ASX: HRZ) has provided an update on its growth strategy & defined important production and resource growth milestones for 2020 and beyond.
Below are some highlight points:
- Updated strategic plan being implemented with a focus on near-term cash generation from gold production, reserve and resource growth.
- The key objective is to continue developing a long-term production profile focused around the base-load Boorara gold project accompanied by superior grade open pit and underground satellite deposits in close trucking distance.
- The results of drilling program completed at Boorara in December 2019 is expected to come in upcoming weeks. A revised grade control model will then be optimised to generate an initial mining inventory across three starter pits which will focus on mining in the June Q2 2020 and toll milling in Q3 2020.
- The staged development of Boorara provides early cash flow plus improved geological confidence.
- The estimates of updated geological models and reserve/resource will be feeded into Feasibility Study, expected to complete in Q4 2020.
- 2020 reserve & resource drill program is in the last planning stages.
All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from 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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
