Horizon Minerals (ASX:HRZ) Advances Gold Production Ambitions with Black Swan Plant Upgrade

April 08, 2025 02:24 PM AEST | By Team Kalkine Media

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Horizon Minerals (ASX:HRZ) Advances Gold Production Ambitions with Black Swan Plant Upgrade — Image source: shutterstock

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Highlights

Horizon Minerals (HRZ) partners with GR Engineering (GNG) for critical engineering studies.

The refurbishment aims to transform Black Swan plant for enhanced gold production.

Detailed cost estimates to ensure financial preparedness and accuracy.

Horizon Minerals Limited (ASX:HRZ) has taken a significant step towards its objective to expand its gold production capabilities by engaging GR Engineering Services Limited (ASX:GNG) for crucial engineering studies. This initiative is part of the larger plan to refurbish and repurpose the Black Swan processing plant, pivoting its focus towards gold production.

The comprehensive engineering study led by Project Manager Dirk Richards is designed to scrutinize the refurbishment needs meticulously. The team will provide detailed capital and operating cost estimates, aiming for a precision of ±20%. This level of detail is essential for Horizon Minerals as it prepares to enhance its operational efficiency and productivity in gold production.

Grant Haywood, Managing Director and CEO of Horizon Minerals, expressed enthusiasm about the collaboration. He noted, “We are very pleased to have awarded this work to GR Engineering. They are a very competent group capable of delivering a quality study to refurbish and repurpose our Black Swan processing plant into a gold plant.” He further emphasized the importance of this milestone in Horizon's journey towards becoming a significant player in the mid-tier gold production arena.

This partnership between Horizon Minerals and GR Engineering is not just a technical collaboration but also a strategic alignment to ensure that both entities can leverage their strengths. The upgrade and repurposing of the Black Swan plant are pivotal, as they will enable Horizon Minerals to increase its gold output, thereby contributing to its growth and stability in the market.

The anticipated outcomes of this project include not only increased production capacity but also more streamlined operations that are adaptable to the changing dynamics of the gold mining industry. With a keen eye on sustainability and efficiency, Horizon Minerals is setting the stage for a future where it not only meets but exceeds its production targets.

The decision to refurbish the Black Swan processing plant represents a thoughtful strategy by Horizon Minerals to bolster its position in the industry. With detailed planning and expert collaborations, Horizon is well on its path to achieving its goals and setting new benchmarks in the gold mining sector.

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