Horizon Minerals (ASX:HRZ) has returned a resource estimate for the company’s gold assets, totalling 34.32 million tonnes @ 1.7 grams per tonne gold for 1.88 million ounces.
The resource estimate is underpinned by Horizon’s cornerstone assets, Boorara and Burbanks prospects.
Horizon says the changes to its gold resources include the mining depletion at Boorara and Phillips Find, as well as a review of economic extraction across numerous deposits, such as Kalpini, Crake, Coote, Golden Ridge North, Jacques-Peyes, and Gordons Dam.
CEO Grant Haywood says the current gold price has introduced “previously marginal lower-grade tonnages into the economic envelope”.
“By redefining cut-off grades, we have delivered a meaningful uplift in total resource ounces,” Haywood says.
“This positions the company with a more robust platform for future development, with the increased inventory to be incorporated directly into the Black Swan study planned for release in this current March 2026 quarter.”
Horizon Minerals is an emerging mid-tier gold producer focused on projects in the west Australian goldfields.
The company is presenting at the RIU Explorers Conference in Fremantle, Western Australia being held from 17-19 February. Mining.com.au is an official media partner of this year’s event.
As reported by Mining.com.au, Horizon is targeting to advance investor awareness of its ongoing operations in Western Australia at RIU, during its presentation at 2.15 AWST on the second day of the event.
Write to Maddison Elliott at Mining.com.au
Images: Horizon Minerals
