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Horizon Gold Limited (ASX:HRN)

ALERT: Price-sensitive ASX Announcement for HRN
Current share price for HRN : $0.940 0.16 (20.51%)+
Announcement
Release
20 Nov 2025 11:33AM
Price at Release
$0.780
Full Release
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Summary
Horizon Gold Limited's AGM Presentation outlines the company's strategic plan for the Gum Creek Gold Project in Western Australia, focusing on high-grade gold exploration and developing open-pittable resources. The project boasts a significant resource base and potential for expansion, particularly in the Kingfisher and Omega deposits, which have shown promising drilling results. With the aim to complete a Feasibility Study by mid-2026, the company is leveraging existing infrastructure to fast-track development. The presentation also highlights Horizon Gold's strong leadership team and the positive outcomes of the recent Scoping Study, which suggests that the project could operate as a standalone entity at an attractive gold price.
Key Points
  • The Gum Creek Gold Project holds 37.97Mt @ 1.89g/t Au for 2.30Moz, with 71% in indicated resources.
  • The project is located in Western Australia, focusing on open-pittable and high-grade underground resources.
  • Horizon Gold plans to complete a Feasibility Study by the first half of 2026.
  • Kingfisher and Omega are key exploration sites with significant high-grade drilling results.
  • A positive Scoping Study suggests standalone operation potential with a targeted gold price of A$2,900/oz.
  • The Gidgee Shear Zone and Howards areas are primary targets for mining, with existing infrastructure aiding development.
  • Horizon Gold's board comprises experienced executives with substantial mining and corporate backgrounds.
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.