Horizon Minerals Celebrates First Gold Pour from Boorara Project

2 min read | January 15, 2025 11:11 AM AEDT | By Team Kalkine Media

Horizon Minerals Celebrates First Gold Pour from Boorara Project — Image source: shutterstock

From Development to Gold Production

Horizon approved the Boorara project’s development in July 2024, targeting four open pits with a combined 1.24 million tonnes of ore at a grade of 1.24 grams per tonne, estimated to yield 49,500 ounces of gold.

In support of this operation, the company signed an 18-month Ore Sale Agreement with Norton Goldfields to process the mined ore through the Paddington Mill. The first stockpile of 56 wet metric tonnes (wmt) was hauled to the mill in December 2024 and January 2025, leading to the production of the first gold bar.

Challenges in Open Pit Mining

While the first gold pour is a significant achievement, operations have faced minor delays due to dust suppression issues. Water truck repairs have since been completed, addressing the challenge and allowing mining activities to resume on schedule.

Market Response

Horizon’s shares were trading at 4.7 cents on the ASX at the time of the announcement, reflecting investor interest in the company’s transition to gold production.

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