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Horizon Gold Limited (ASX:HRN)

ALERT: Price-sensitive ASX Announcement for HRN
Current share price for HRN : $1.000 0.16 (19.05%)+
Announcement
Release
20 Oct 2025 9:28AM
Price at Release
$0.840
Full Release
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Summary
Horizon Gold Limited released its Quarterly Activities and Appendix 5B Cash Flow Report for the period ended 30 September 2025. The report highlights the progress of the Gum Creek Feasibility Study, which is on track for completion in the first half of the calendar year 2026. Significant gold intercepts were recorded from water bores at various prospects, including Howards and Swan-Swift-Shrike, with notable results like 39m at 4.58g/t Au from 133m at Howards. The company has initiated an AI-powered mineral exploration platform at the Gum Creek Gold Project to enhance drilling target identification. Financially, the company ended the quarter with cash and cash equivalents of A$8,229,000, reflecting proceeds from financing activities and ongoing exploration costs. The report also provides detailed information on the status of mining tenements held by Horizon Gold as of 30 September 2025.
Key Points
  • Gum Creek Feasibility Study on schedule for H1 CY 2026 completion.
  • Significant gold intercepts from water bores at multiple prospects.
  • AI-powered exploration platform initiated at Gum Creek.
  • Cash and cash equivalents at end of quarter: A$8,229,000.
  • Status of mining tenements detailed as of 30 September 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.