Horizon Gold Ltd. · ASX:HRN
Horizon Gold — Investor Presentation (October 2023)
16 slides from Horizon Gold's investor presentation, Oct 4, 2023
Slide 1: Gum Creek Gold Project Investor Presentation
For personal use only Gum Creek Gold Project horizongold.com.au Investor Presentation October 2023 ASX: HRN
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER No New Information or Data For personal use only This presentation contains references to exploration results and Resource estimates, all of which have been cross referenced to previous market announcements made by the Company. The Company confirms that it is not awar
Slide 3: Sound Investment Opportunity
SOUND INVESTMENT OPPORTUNITY For personal use only 663km2 2.14Moz +1Moz Dominant tenement holding over 44.5Mt @ 1.50g/t Au* Mineral +1Moz historical production most prospective parts of the Gum Resource Estimate on granted from the mining leases Creek Greenstone Belt centred mining leases through th
Slide 4: Corporate
CORPORATE ASX code HRN Share price (3/10/2023) $0.33c For personal use only 2 YEAR SHARE PRICE Shares on issue 125.2M Market capitalisation (3/10/2023) $41.3M $0.50 Cash (3/10/2023) $0.2M Alto Metals Investment (3/10/2023) *$2.7M $0.45 Short-term Loan (3/10/2023) $4.0M Enterprise Value $42.4M $0.40
Slide 5: Gum Creek Project
GUM CREEK PROJECT ▪ Focussed on one flagship project within a world class gold mining district For personal use only ▪ Combined 3.7Moz of undeveloped resources in the Sandstone-Gum Creek region (HRN, AME, GML) ▪ High gold resource growth area ▪ 1.1Moz gold processed through the Gidgee mill between 1
Slide 6: Gum Creek Scoping Study
GUM CREEK SCOPING STUDY ▪ Scoping study underway for potential recommencement of production based on the following parameters: For personal use only ▪ Whittle optimised in-pit gold resources ▪ Free milling ore only ▪ Processing throughput between 2.0Mtpa to 3.0Mtpa ▪ 10 to 15 year mine life ▪ Proces
Slide 7: Gum Creek Resources & Targets
GUM CREEK RESOURCES & TARGETS ▪ Current Gum Creek MRE of 2.14Moz @ 1.50g/t Au (63% Indicated) all on mining leases granted pre-native title For personal use only ▪ MRE increase of 777Koz (57%) over the past 2 years at a discovery cost of less than A$15/oz ▪ Over 61% of the MRE is free milling (1.3Mo
Slide 8: Gidgee Shear Zone
GIDGEE SHEAR ZONE ▪ 7km long mineralised system hosting 885,800oz @ 1.53g/t Au close to the Gidgee Mill (MRE 60% Indicated) ▪ Sub-parallel shears up to 60m wide with mineralisation open along strike and down plunge at all deposits For personal use only ▪ Excellent potential to expand the open cut an
Slide 9: Wyooda / Heron Group
WYOODA / HERON GROUP ▪ 7km long Wyooda / Heron shear zone hosts a current MRE of 284,800oz @ 1.58g/t Au ~15km along the haul road to the south of the Gidgee mill For personal use only ▪ Shallow wide-spaced historic drilling with significant potential to define additional shallow open cut gold resour
Slide 10: Howards Deposit
HOWARDS DEPOSIT ▪ Howards MRE: 266,900oz @ 0.81g/t Au (0.4g/t Au cut off) ▪ No previous mining, gold mineralisation at surface up to 50m thick For personal use only ▪ >90% cyanide leach gold recoveries in oxide, transition & fresh ore ▪ Excellent potential to further increase the gold resource at sh
Slide 11: Wilsons Shear Zone
WILSONS SHEAR ZONE ▪ 11km long shear hosting gold mineralisation on a mafic/sediment contact & within adjacent fractionated dolerites For personal use only ▪ Shallow drilling along strike to the north of Wilsons with good potential to add maiden gold resources at the Cab Sav and Camel Bore South pro
Slide 12: Snook Group
SNOOK GROUP ▪ Combined MRE of 81,200oz @ 1.64g/t Au over a 4.5km strike ▪ Shallow drilling to date, with good potential to define significant additional resources along strike For personal use only and at depth at Snook, Melbourne Bitter and Wahoo prospects ▪ Infill drilling planned for potential ma
Slide 13: 2023/2024 Work Program
2023/2024 WORK PROGRAM ▪ Scoping study based on free milling open pit optimised gold For personal use only resources has commenced - completion planned for March Quarter 2024 ▪ 2023/2024 drilling planned with a focus on adding further low- cost shallow oxide gold resources near the Gidgee mill and a
Slide 14: Investment Highlights
INVESTMENT HIGHLIGHTS +2.1 Moz Open pit scoping For personal use only 1.3Moz @ 1.22g/t +1.5g/t Au free milling gold study underway MRE resource Established Strategic Underexplored Infrastructure regional asset greenstone belt +40 drill Further resource Very supportive targets drilling planned major
Slide 15: Contact Details
CONTACT DETAILS For personal use only Leigh Ryan Managing Director +61 8 6331 6092 info@horizongold.com.au horizongold.com.au Unit 8 / 47 Havelock St. West Perth, WA 6005 ASX: HRN Cardigan Drill Target – looking south 15
Slide 16: Appendix: Gum Creek Gold Resources
Appendix 1 : Gum Creek Gold Resources For personal use only Note: Figures are rounded. * cut-off grades are 2.5g/t Au for Swan UG Indicated, and 3.0g/t Au for Swan UG Inferred ** Wyooda includes the Kingston Town, Think Big and Manikato resources 16 Refer to Horizon Gold ASX Announcement titled “19%