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Highlights
- Horizon Minerals (HRZ) partners with GR Engineering (GNG) for Black Swan plant refurbishment.
- Engineering efforts aim to enhance plant’s processing capacity to 100,000 ounces annually.
- The partnership marks a significant step towards becoming a mid-tier gold producer.
Horizon Minerals (ASX:HRZ) has taken a decisive step towards enhancing its production capabilities by engaging GR Engineering Services (ASX:GNG) to undertake the engineering studies necessary for the refurbishment and repurposing of the Black Swan processing plant. This move is poised to accelerate Horizon's transition into a more substantial player in the gold mining sector.
The Black Swan plant, which is strategically situated in the prolific Kalgoorlie-Coolgardie districts of Western Australia, is expected to become a cornerstone asset for Horizon Minerals. The facility was previously part of the infrastructure owned by Poseidon Nickel, with which Horizon merged, marking a significant merger in the industry aimed at ramping up gold production capabilities.
Under the guidance of project manager Dirk Richards, the commissioned studies will focus on assessing the capital and operating costs associated with revamping the plant. These assessments are crucial as they promise to deliver precision with an accuracy of over 20%, providing a reliable framework for the project's financial planning and execution.
GR Engineering Services, renowned for its expertise in managing gold processing plant projects across the Western Australian goldfields, is tasked with delivering a comprehensive study. This study will outline the necessary steps to transform the Black Swan plant into a fully functional gold production facility. The company’s extensive experience and successful track record in similar projects underscore its capability to execute the task with high standards.
CEO Grant Haywood expressed confidence in GR Engineering's ability to contribute significantly to Horizon's objectives. “This partnership is a pivotal development, steering Horizon towards our strategic goal of establishing ourselves as a mid-tier gold producer,” stated Haywood. The refurbishment of the Black Swan plant is not just a technical upgrade but a strategic maneuver to bolster Horizon’s production output to a target of 100,000 ounces per year.
This strategic initiative by Horizon Minerals not only highlights its growth-oriented approach but also reinforces its commitment to leveraging existing infrastructure to meet its production targets. The focus on enhancing the Black Swan plant underscores Horizon’s proactive steps in fortifying its position in the competitive gold mining industry of Western Australia.
As the project progresses, stakeholders and investors are keenly watching, anticipating the transformative impact this initiative could have on Horizon’s operational capabilities and its standing in the gold mining sector.
