Horizon Minerals has inked a land use agreement with the Marlinyu Ghoorlie Native Title Claimant group across almost all of the company's 240 tenements in Western Australia's Eastern Goldfields. The voluntary agreement provides a flexible solution to manage how land and resources can be used by setting out the rights and interests of both parties.
Horizon Minerals is nearing the end of open-pit mining at its Phase 1 program at Phillips Find and its Boorara gold projects near Kalgoorlie in WA's Eastern Goldfields. With strong stockpiles built and first gold already flowing from both operations this year, Horizon Minerals is well down its path of transition from developer to consistent gold producer.
Perth-based Horizon Minerals has struck a binding heads of agreement to sell its 100 per cent-owned non-core Lake Johnston nickel project in Western Australia to emerging explorer Forrestania Resources for a total consideration of $35 million which includes a $30m cash component. The deal, expected to settle by the end of January, remains subject to Forrestania securing the funding via a capital raise, also includes Horizon receiving $5m in Forrestania shares.
Horizon Minerals has pumped-up both its cash flow and bank balance from the company's September quarter activities, finishing the period with an enviable $34.3 million in its coffers on September 30. The company generated gold sales of $41.895 million during the quarter, with the bulk of the revenue coming from its Boorara operations.
Horizon Minerals has revealed a golden tempest of high-grade one-metre-plus drill hits from its latest drill program at the company's Burbanks gold project, 9km south of Coolgardie in Western Australia's fabled Goldfields. The company kick-started a 30,000-metre drilling blitz in late June, which has delivered multiple standout gold results, including a showstopping 1.55m slice grading over 3 ounces to the tonne gold .
Horizon Minerals has taken a major step towards becoming a standalone mid-tier gold producer, with its pre-feasibility study at the Black Swan project near Kalgoorlie progressing strongly. The work includes refurbishing the existing crushing and grinding circuit as well as adding a new carbon-in-leach gold plant, setting the stage for a final investment decision in the December quarter and potential construction in 2026.
Horizon Minerals has expanded its footprint in Western Australia's famed Goldfields with a strategic $2.81 million acquisition of Yandal Resources' Gordons Dam and nearby projects. The new ground sits just a stone's throw from Horizon's Black Swan processing hub and includes a 20,000-ounce gold resource, exploration upside galore and the potential to turbocharge a planned five-year mining operation.
Horizon Minerals has kicked off a 30,000m drilling campaign at its Burbanks gold project in WA's Goldfields. The campaign aims to upgrade confidence in the resource and expand high-grade zones to feed the company's refurbished Black Swan processing plant. With early hits of up to 45.4g/t gold and historic grades averaging 22.7g/t, Burbanks is shaping as a cornerstone for Horizon's standalone gold producer strategy.
Horizon Minerals has opened the cash floodgates from mining and processing gold-bearing ore from the company's two cash-generating mines, under separate toll treating arrangements in WA's renowned Goldfields region. Under its watchful eye, Horizon has witnessed a stream of cash pouring through its doors as the hauling and processing of ore achieves a continuous steady state.
Horizon Minerals has locked in a $30 million raise at 4.3 cents per share, aiming to bolster the company's finances to complete refurbishment studies on its Black Swan processing plant in WA and fund new drilling programs. The funds raised from local and offshore institutional investors will support drilling and engineering studies for Black Swan, prior to an expected influx of cash from its two gold mining operations.
Gold aspirant Horizon Minerals has announced plans to raise $30 million in a bid to accelerate drilling activities across several of its exploration assets.
Horizon Minerals' updated mineral resources summary highlights a massive nickel boost from its recent merger with Poseidon Nickel, which has added a huge spread of nickel icing to its Kalgoorlie golden cake. Some 422,000 tonnes of nickel metal now bolster the company's mineral portfolio, which also includes 1.8 million ounces of gold scattered across a plethora of Goldfields deposits, including several being mined to benefit from a surging gold price.
Horizon Minerals has awarded ASX-listed GR Engineering with the scope to complete engineering studies on the mothballed Black Swan processing facility to have it roar back to life as a gold plant. The coveted piece of infrastructure was secured by Horizon from its recent merger with Poseidon Nickel. The Kalgoorlie plant was used to process nickel before it was placed on care and maintenance.
Horizon Minerals is on a tear after toll treating the first 37,000t of ore from its Phillips Find JV in the WA Goldfields and 50,604t from its Boorara mine to bank a cool $12.9M. With gold prices soaring to US$3,122 (A$5000) per ounce, Horizon's timing could not be better.
Horizon Minerals has poured its first gold bar from ore mined at the company's Phillips Find project amid a strong gold price environment, which has seen the precious yellow metal rise by 11pc this year. The ore was hauled to the nearby Greenfields mill from its project that sits 45km west of Coolgardie, near the famous gold mining town of Kalgoorlie.
Horizon Minerals has launched its second gold mine, kicking off ore processing at its Phillips Find project, 45km northwest of Coolgardie in WA. Mining at the Newminster and Newhaven pits is well underway, with more than 800,000 cubic metres of material now shifted to the ROM pad. The first 40,000t have been trucked to FMR Investments' Greenfields mill, where processing will begin next week on a two-week turnaround.
The Supreme Court of Western Australia has given the much-anticipated $30 million scheme of arrangement between Kalgoorlie-based Horizon Minerals and Poseidon Nickel the final tick of approval. The deal paves the way for Horizon to pick up Poseidon's 422,000-tonne contained nickel resource and its mothballed Black Swan nickel processing plant 40km east of Kalgoorlie which the company says would cost $150 million to replace.
Horizon Minerals has poured its first gold bars from ore hauled from its Boorara project, near the famous mining town of Kalgoorlie in WA, under its ore sale agreement revealed last year with Norton Gold Fields' Paddington mill. Proceeds from the sale are expected to be pumped into the company's bank account within the week.
Horizon Minerals has pumped $6.345 million into its bank account via an at-market share placement of 4.5c per share with a further $3.28 million expected shortly, all earmarked for the development of its soon-to-be producing gold deposits. Privately-owned Golden Crane Holdings will stump up the entire $9.625 million via a two-tranche placement in exchange for approximately 213 million shares in Horizon.
Gold-focused Horizon Minerals has announced plans to raise around $9.6 million, in order to further development at its Boorara gold project in the Goldfields.
Horizon Minerals has tabled a solid set of numbers from a prefeasibility study into its Penny's Find gold play, 50km northeast of Kalgoorlie, in WA, predicting a free cash flow of $24m at a gold price of $3600 per ounce. The study reveals a profitable underground mining scenario with a production target of 329,900 tonnes of ore at a grade of 3.2 grams per tonne gold for 33,500 ounces.
Horizon Minerals has dispatched its first load of gold-bearing ore from the company's Boorara operation near Kalgoorlie for processing at the nearby Paddington mill, as part of its recently revealed tie-in with Hamptons Transport. The company says 54,380 tonnes of ore has been hauled to the mill and is expected to result in an estimated $5.78 million minus processing costs.
Gold aspirant Horizon Minerals has announced the first ore from its Boorara gold project in the Goldfields is being hauled to nearby Paddington Mill for first gold production.
Horizon Minerals has kicked off mining activities at its Phillips Find gold project outside Kalgoorlie in Western Australia. Pre-strip mining operations are underway at the joint venture with first gold ore expected to be mined from the Newhaven and Newminster open pits at the project by next month.
Horizon Minerals’ push to become a sustainable mid-cap gold producer in the Goldfields is gaining momentum, following news it had filed documents to merge with Poseidon Nickel.
Horizon Minerals is set to take over Poseidon Nickel and its mothballed mining plant with a $30m all-scrip deal that will give Horizon a neat opportunity to commercialise its myriad of gold deposits scattered around Kalgoorlie. Horizon is offering 0.1156 of its shares for each Poseidon share and aims to raise a minimum of $14 million via a two-tranche placement at 4.5c per share to bolster its balance sheet.
Horizon Minerals has secured the green light to start gold mining at Phillips Find in WA, less than a week after mining the first ore from its Boorara mine that also sits in the State's Goldfields region.
Horizon Minerals expects a booming gold price to help it generate $30 million over the next year and a half, after entering production at its Boorara goldmine near Kalgoorlie.
Horizon Minerals says it expects to rake in $30 million in free cash flow from its Boorara gold project, 15km east of Kalgoorlie-Boulder in Western Australia's Goldfields region. After giving Boorara the green light just two months ago, the company has wasted little time getting its shovels into the ground for the project that is set to produce 49,500 ounces of gold.
Horizon Minerals has signed a significant new joint venture deal aimed at developing and mining two open pits at its Phillips Find gold project in Western Australia's Goldfields region in a bid to cash in on record high prices for the precious yellow metal. The deal with BML Ventures is underpinned by a plan to produce 15,000 ounces of gold from the site.
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Horizon Minerals has kicked off mining activities at its recently-approved Boorara gold development operation that sits adjacent to Northern Star's massive Super Pit mine in the regional WA city of Kalgoorlie. Management last month gave approval for the mining of four open pits containing 1.24 million tonnes of ore grading 1.24g/t gold for 49,500 ounces and says it has already kicked the plan into action.
Higher silver and zinc prices have led Horizon Minerals to dust off the mothballed Nimbus project that sits adjacent to its flagship Boorara gold operation, some 17km from Kalgoorlie in WA's Eastern Goldfields region. The company has set a big exploration target to chase in a drilling campaign planned for next year as it looks to ramp up its resources for an upcoming feasibility study.
Horizon Minerals is wasting no time getting the diggers to work at its Phillips Find gold project near Coolgardie in WA following a recent merger with Greenstone Resources. A joint venture agreement has been finalised with BML Ventures to mine 200,000 of ore, which will be toll treated at the nearby Greenfields Mill during the next 11 months to produce almost 15,000 ounces of gold.
Horizon Minerals says it will bank $30m within 19 months after making a final investment decision to toll mine 45,800 ounces from its Boorara project on the doorstep of Kalgoorlie's revered Super-Pit. The company will truck its ore 35kms north to the Paddington mill near the historic town of Broad Arrow. Open pit mining will begin in September.
Horizon Minerals has established a hefty gold-silver resource after completing a merger with Greenstone Resources, covering the new entity's entire holdings in Western Australia's Goldfields region. The company says it now boasts a resource inventory of 1.8 million ounces of gold and 20 million ounces of silver and is now poised to generate accelerated cash flow from multiple gold deposits near Kalgoorlie.
