Horizon Minerals

Following the exciting recent announcement of our merger with Poseidon Nickel Limited, we are pleased to share our Quarterly Activities Report for the period ended 30 September 2024.   During this quarter, our strategy to achieve short-term cash flow through a pipeline of development-ready production assets gathered momentum through the engagement with our partners and contractors. All Conditions Precedent of our Binding Ore Purchase Agreement with Paddington Gold Pty Limited have been satisfied, allowing us to treat 1.24 million tonnes of Boorara ore at the Paddington Mill, located approximately 56km from our Boorara site.   Our Ore Reserves study, completed by AMC Consultants, confirms our ability to mine the 1.24 million tonnes of ore over a 19-month period, with an expected recovery of 45.8 koz of gold at a remarkable milling recovery rate of 92.5%. In alignment with this, our Board has approved the development of Boorara, with an anticipated generation of $30 million in free cash flow at an A$3,600/oz gold price. Equipment has been mobilised and open-pit mining operations at Boorara are now underway.   Additionally, we have executed a Joint Venture Agreement with BML Ventures Pty Ltd to develop and mine two open pits at Phillips Find, leveraging our existing Toll Milling Agreement with FMR INVESTMENTS PTY LTD for the treatment of 200,000 tonnes of Horizon ore at the Greenfields Mill near Coolgardie.   Looking ahead, the December quarter promises significant operational activity, including the first gold pour from Boorara and the commencement of mining at Phillips Find. Alongside this we will be completing the necessary steps to complete our proposed merger with Poseidon which will provide us with our own processing infrastructure and a pathway to becoming a sustainable, independent gold producer in the WA Goldfields.   To learn more about our latest developments and strategic initiatives, we invite you to read the full report here: https://bit.ly/4f4EtAI   Grant Haywood   #HorizonMinerals #HRZ #WesternAustralia #ASX #GoldMining #Gold #QuarterlyReport

Our Managing Director and CEO, Grant Haywood is speaking at this year's International Mining and Resources Conference (IMARC). Join us on Thursday 31 October at the ICC Sydney for the 'Mining Spotlights' presentation where Grant will be speaking from 12:15-12:25pm. Register here: https://lnkd.in/g7ztvmzn Stephen Guy #Horizonminerals #HRZ #IMARC #Mining #Resources #MiningIndustry #MiningTechnology

We are pleased to announce that Grant Haywood, Managing Director and CEO of Horizon Minerals, will be presenting at the Noosa Mining Investor Conference on Thursday 14th November at 3:45pm (AEST) at Peppers Noosa Resort.   This presentation follows the recently announced merger with Poseidon Nickel, which represents a significant consolidation of complementary assets, combining Horizon’s large gold resource base with Poseidon’s Black Swan processing infrastructure in the Kalgoorlie-Coolgardie region. It is an opportune moment to gain insights into Horizon Minerals future plans as we work towards becoming a leading mid-tier gold producer in the WA Goldfields.   We look forward to connecting with you there.   Register for the in-person event or stream online: https://bit.ly/3XDXuUr   #HorizonMinerals #HRZ #WesternAustralia #ASX #GoldMining 

🎤 I'm speaking at #IMARC! Join me this 29 - 31 October at the ICC Sydney. Register at https://lnkd.in/g7ztvmzn and use my code HEARMESPEAK to receive a 15% discount off current delegate prices or code HEARMESPEAKFE for a free Expo Visitor Pass. #IMARC #Mining #Resources #MiningIndustry #MiningTechnology #Horizonminerals International Mining and Resources Conference (IMARC)

We are pleased to announce that Horizon Minerals has entered into a Scheme Implementation Deed with Poseidon Nickel Limited, marking a pivotal moment in our journey to becoming a mid-cap gold producer in Western Australia.   This merger represents a significant consolidation of complementary assets, combining Horizon’s large gold resource base with Poseidon’s Black Swan processing infrastructure in the Kalgoorlie-Coolgardie region. Together, we are creating a clear pathway for sustainable, long-term gold production and cashflow.   The proposed transaction will create a company with a combined JORC Mineral Resource of approximately 1.8Moz of gold and 422,700 tonnes of nickel across 1,309km² of prime geological ground. By leveraging Poseidon’s strategically located Black Swan processing plant, we can fast-track our gold production at a lower capital cost compared to building new infrastructure. Our Burbanks and Boorara gold deposits will serve as the foundation for our target to build a robust 5-year mine plan, unlocking the full potential of our portfolio.   Our shared vision is to transform Horizon into a 100koz per annum standalone gold producer, utilising the Black Swan plant’s conversion to gold processing. This merger not only accelerates our production plans but also opens up the region for further consolidation, toll milling opportunities and significant growth. Additionally, the inclusion of nickel and silver assets provides further upside, positioning us to capitalise on future market opportunities.   As we move forward, we are confident that this merger will deliver significant value to our shareholders by enhancing scale, market relevance and investor appeal. With strong infrastructure, an extensive project pipeline, and a clear focus on growth, Horizon is well-positioned to become a leading mid-tier gold producer in the WA Goldfields.   We look forward to sharing more updates as we progress this exciting merger and continue to build on our vision for Horizon’s future. Read the full announcement here: https://bit.ly/48hApKR Grant Haywood   #HorizonMinerals #HRZ #WesternAustralia #ASX #GoldMining 

We are pleased to provide an update on the development of the Boorara Gold Project, marking an exciting phase for the company.   Highlights: 🔸Development of Boorara was approved in July 2024, with plans to mine 1.24Mt of ore at 1.24g/t Au, targeting 49.5koz of gold. 🔸Mining will span 14 months, with ore processing to take place over 19 months at Norton Gold Fields’ Paddington plant. The project is projected to generate $30M in free cashflow at a gold price of A$3,600/oz. 🔸Mining and haulage contracts have been awarded to Hampton Transport Services Pty Ltd on competitive terms, with no contractor payments due until gold is poured and sold. 🔸The grade control program is nearly 80% complete. 🔸Mining commenced in August 2024, with the first ore exposed and mined in late September. 🔸Night shift operations will begin this week, increasing production rates and building an ore stockpile of 40-50kt at Boorara. 🔸First ore delivery to the Paddington plant is expected in late October, with first gold production anticipated in November.   Commenting on the progress, our Managing Director and CEO Grant Haywood said: “It is very pleasing that Boorara is on track for first ore delivery this month, with pouring of gold occurring in this high gold price environment delivering first revenue from Boorara very shortly. Despite some labour shortages at site and in the general market, the work is progressing safely, efficiently and on schedule. We look forward to providing further updates on our progress at Boorara in due course”.   Read the full announcement here: https://bit.ly/3Y5K5V4   #HorizonMinerals #HRZ #WesternAustralia #ASX #BooraraGoldProject #GoldMining #ASX 

Horizon Minerals is pleased to present its 2024 Annual Report, marking a year of significant progress as we transition from an exploration company into one of Australia’s newest gold producers.   One of the major highlights of the year was the successful merger with Greenstone Resources, adding 0.52 million ounces of gold to our portfolio and increasing Horizon's total resource base in Western Australia to 1.8 million ounces. We also executed milling agreements to process ore from our Boorara and Phillips Find projects, marking important milestones in the development of our gold pipeline.   Throughout the year, we achieved excellent exploration results, including new gold discoveries at Pennys Find and resource updates across multiple projects. With this progress, we are well-positioned for further growth in 2025, with plans for continued development of our WA gold assets.   Read the full Annual Report to learn more about our journey and what lies ahead as we drive sustainable growth and value for our shareholders.   Read the full report here: https://bit.ly/3N6UfPe   #HorizonMinerals #HRZ #WesternAustralia #ASX #AnnualReport #GoldProduction #Mining 

We are pleased to announce important changes to our Board of Directors as we continue our journey from exploration to production.   We are thrilled to welcome Mr Warren Hallam as a Non-Executive Director, effective 1 September 2024. With over 35 years of experience in operations, corporate, and senior leadership roles across multiple commodities, Warren brings invaluable expertise to Horizon. His impressive background includes serving as Managing Director at Metals X Limited, Millennium Metals Limited, and Capricorn Metals Limited. Currently, Warren holds Non-Executive Director roles at St Barbara Limited and Poseidon Nickel Limited, and he is the Non-Executive Chairman of Kingfisher Mining Limited.   At the same time, we bid farewell to Mr Jon Price, who has tendered his resignation as Non-Executive Director effective 31 August 2024. Jon has been with Horizon since January 2016, guiding us through a transformational period of substantial resource growth.   Non-Executive Chairman, Ashok Parekh, commented:  “We are delighted to welcome Warren to the board of Horizon as we transition the Company from an explorer to producer. We look forward to his guidance during this exciting growth phase. On behalf of the board and broader Horizon team, I would also like to acknowledge and thank Jon for his significant contribution to the Company over many years and wish him well in his future endeavours.”   Read the full announcement here: https://bit.ly/3XrkYvB   #HorizonMinerals #HRZ #WesternAustralia #GoldMining #MiningLeadership #ASX

For those who were unable to attend the Diggers & Dealers Mining Forum, we are pleased to offer a recording of our Managing Director and CEO, Grant Haywood's presentation.   Gain a comprehensive understanding of our strategic approach, which includes leveraging regional infrastructure, generating robust short-term cash flows and advancing our cornerstone gold projects.   Watch the full recording here ➡️ https://bit.ly/4ciIm2A   #HorizonMinerals #GoldMining #DiggersAndDealers #HRZ 

Tune in today at 4:30pm (AWST) to watch our Managing Director and CEO, Grant Haywood present at the Diggers & Dealers Mining Forum 🌟 Watch the live stream here: https://bit.ly/3SsfQEu #HorizonMinerals #HRZ