Horizon Minerals (ASX:HRZ) has awarded GR Engineering Services (ASX:GNG) with the engineering studies work program to support refurbishing and repurposing the Black Swan processing plant for gold production.
As Mining.com.au previously reported, Horizon Minerals and Poseidon Nickel merged to create a new Western Australian mid-cap gold producer. Poseidon owned the Black Swan processing infrastructure located in the Kalgoorlie-Coolgardie districts.
Engineering studies will be overseen by Horizon’s project manager Dirk Richards and will provide capital and operating cost estimates to an accuracy of more than 20%.
Horizon Minerals, which has a market capitalisation of $111.29 million, has been focusing on the Black Swan plant to enhance future processing capabilities.
The company says Black Swan’s infrastructure provides a production pathway for its aspirations to reach 100,000 ounces per year.
CEO Grant Haywood says GR Engineering is a competent group that is capable of delivering a quality study to refurbish and repurpose Black Swan into a gold plant.
“This is another significant milestone for the company progressing Horizon towards our goal of becoming a mid-tier gold producer,” Haywood says.
GR Engineering Services is a mining services provider with extensive studies and project experience working on a range of gold processing plants in the Western Australian goldfields.
Horizon Minerals is an emerging mid-tier gold producer with an extensive portfolio of prospective gold projects in the Western Australian goldfields region.
Write to Aaliyah Rogan at Mining.com.au
Images: Horizon Minerals
