Horizon Gold Ltd. · ASX:HRN
Horizon Gold — Investor Presentation (August 2018)
24 slides from Horizon Gold's investor presentation, Aug 3, 2018
Slide 1: Investor Presentation August 2018
For personal use only ASX: HRN Investor Presentation August 2018 www.horizongold.com.au
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: Corporate Overview
Corporate Overview Capital Structure 12 Month Share Price Performance $0.40 140,000 For personal use only ASX Ticker HRN HRN A$ Share Price $0.35 120,000 $0.30 100,000 Shares on Issue 76.5M Volume $0.25 80,000 $0.20 Share Price $0.15 (31 July 2018) 60,000 $0.15 40,000 $0.10 Market Cap $11.5M $0.05 2
Slide 4: Experienced Board and Management
Experienced Board and Management* Peter Harold Peter Venn For personal use only Non Exec Chairman Non Exec Director Process engineer with +30 years of corporate experience in Geologist with +30 years experience and achievement in the minerals industry specialising in financing, marketing, global res
Slide 5: Key Asset - Gum Creek Gold Project
Key Asset - Gum Creek Gold Project ▪ Located - 640km NE of Perth, Western Australia For personal use only ▪ Large tenement package - covering ~618km2 extending over 80km strike length of the Gum Creek Greenstone belt ▪ Well endowed gold region with historic production of >1Moz gold ▪ Significant Res
Slide 6: Significant Infrastructure
Significant Infrastructure Extensive site infrastructure Air Strip For personal use only Process Plant* 110 Person Village *not in operation and requires significant capital investment to refurbish 6
Slide 7: Gum Creek – Regional Geological Setting
Gum Creek – Regional Geological Setting ▪ Well Located - situated within the Southern Cross Province of the Western Australian Archaean Yilgarn Craton which has For personal use only a history of significant gold production ▪ Large Ground Position - project area positioned on the Gum Creek Greenston
Slide 8: Strategy
Strategy Since IPO in December 2016 the For personal use only Company’s strategy is focused on 1. Resource Extension and Infill ▪ To grow the known resources 2. Regional Exploration ▪ Target new gold discoveries outside the known resources 3. Development Studies on existing free- milling and refract
Slide 9: FY2017 Highlights
FY2017 Highlights ▪ Resource Extension For personal use only ▪ Heron South (Seven RC holes for 1,223m). Best result of 4m @ 5.0g/t Au from 99m (HRC540)*. Mineralisation remains open at depth ▪ Regional Exploration: ▪ Completion of follow-up ground and airborne geophysical surveys over 27 targets ▪ 2
Slide 10: FY2018 Highlights
FY2018 Highlights ▪ Resource Extension ▪ Exploration Targets estimated at Butcherbird Shear and Swan For personal use only Premium* ▪ Regional Exploration** ▪ Regional geochemical study ▪ Air-core drilling – 440 holes for 20,100m at eight targets. Positive results include: ▪ Gidgee South – 4m @ 2.8g
Slide 11: Proposed Work Programs: July – Dec 2018
Proposed Work Programs: July – Dec 2018 ▪ Resource Extension ▪ Drill testing of Exploration Targets at Butcherbird Shear For personal use only and Swan Premium – 12 diamond holes for 4,200m ▪ Resource estimation - Psi Prospect ▪ Regional Exploration: ▪ Air-core drilling – 180 holes for 13,000m at Wa
Slide 12: Swan Premium and Butcherbird Shear
Swan Premium and Butcherbird Shear ▪ Underground Mineral Resources at Swan total 85,800oz of gold ▪ Reinterpretation of the geological controls on high-grade For personal use only mineralisation at the north end of the Swan system indicates potential to significantly increase the underground Mineral
Slide 13: Swan Premium & Butcherbird Shear
Swan Premium & Butcherbird Shear ▪ Target - Test the validity of the Exploration Targets defined by the LeapfrogTM 3D geological models by drilling a broad spread For personal use only of holes to test the predicted thickness and grade of the models in those areas ▪ Highlights of previous work – Num
Slide 14: Toedter West
Toedter West ▪ Target - 6km long, mostly buried BIF unit with For personal use only coincident zones of de-magnetisation and EM conductivity, interpreted by the Company to be sulphide-bearing. ▪ Highlights of previous work – Existing Resource at Toedter, located at the eastern end of the target (34,
Slide 15: Wahoo East
Wahoo East ▪ Target - A series of structures and surface gold anomalism associated with an interpreted, underlying For personal use only non-emergent granitic intrusion ▪ Highlights of previous work – No previous drilling ▪ Proposed Work - Air core drilling of 90 holes ▪ Timing – Drilling commenced
Slide 16: Altair
Altair ▪ Target – VHMS-style copper mineralisation For personal use only associated with black shales and intermediate volcanics ▪ Highlights of previous work – Historical drilling intersected results including:* ▪ 44m @ 1.2% Cu from 56m (ALAC005) ▪ 24m @ 1.0% Cu from 64m (ALRC007) ▪ 20m @ 1.1% Cu f
Slide 17: Psi
Psi ▪ Target – Down-plunge extensions to high-grade For personal use only structurally controlled BIF-hosted gold mineralisation ▪ Highlights of previous work – 21 holes completed by HRN. Mineralisation remains open at depth. High-grade intercepts include: ▪ 7m @ 4.94g/t Au from 55m in GWRC462* ▪ 6m
Slide 18: Heron South
Heron South ▪ Target – Down-dip extensions to high- grade structurally controlled gold For personal use only mineralisation ▪ Highlights of previous work – Seven holes completed by HRN. Mineralisation remains open at depth and to the south. Better intercepts include*: ▪ HRC539 - 3m @ 6.0g/t Au from
Slide 19: Wilsons Shear
Wilsons Shear ▪ Target – Wilsons-style high-grade gold-bearing sulphide lodes For personal use only along the Wilsons Shear ▪ Highlights of previous work – Existing Resource at Wilsons (391,500oz*). 30 regional RC holes completed by HRN at seven prospects along the Wilsons Shear testing IP targets i
Slide 20: Development Studies – Free-Milling
Development Studies – Free-Milling ▪ Target – Economically viable development of Gum For personal use only Creek free-milling mineralisation ▪ Highlights of previous work ▪ Scoping study in 2016 based on open pit mining of Swan-Swift and Howards deposits ▪ Estimate by independent engineer to refurbi
Slide 21: Development Studies – Refractory
Development Studies – Refractory ▪ Target – Economically viable development of Gum For personal use only Creek free-milling mineralisation ▪ Highlights of previous work ▪ Metallurgical testwork demonstrates good recovery to flotation concentrate with low mass pull ▪ Desktop study indicates significa
Slide 22: Peer Comparison
Peer Comparison Explorer / Developer Peer Group ▪ ASX listed, pre-production, gold focussed, with JORC-compliant Resources For personal use only ▪ Peer Group Average EV per Resource ounce - A$43/oz ▪ Horizon EV per Resource ounce – A$4/oz ▪ Horizon is trading at a significant discount to peers in te
Slide 23: Horizon Gold
Horizon Gold Strong Board and Experienced team with proven For personal use only Management track record Significant Resources 17Mt @ 2.25g/t for 1.25Moz Au Priority targets at Butcherbird, Exploration Swan Premium, Toedter West and others Clear Focus To produce gold at Gum Creek Well Funded $7.1M i
Slide 24: Appendix - Resources
Appendix - Resources Cut-off Indicated Inferred Total Contained Resource Mineralisation Resource grade Gold Date Type Au Au For personal use only (g/t Au) Tonnes Au (g/t) Tonnes Tonnes (oz) (g/t) (g/t) Open Pit Resources Swan OC Jun-15 0.7 Free Milling 2,250,000 2.57 990,000 2.36 3,240,000 2.51 261,