Horizon Gold Ltd. · ASX:HRN
Horizon Gold — Shareholder Meeting (November 2021)
18 slides from Horizon Gold's shareholder meeting presentation, Nov 19, 2021
Slide 1: AGM Presentation
horizongold.com.au AGM PRESENTATION 19 NOVEMBER 2021
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER No New Information or Data 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 aware of any new informati
Slide 3: A Compelling Investment Opportunity
A COMPELLING INVESTMENT OPPORTUNITY +1Moz 1.36Moz 668km2 +1Moz historical production from the Current 18.6Mt @ 2.3g/t Au* Mineral Dominant tenement holding over licences through the Gidgee mill Resource on granted mining leases most prospective parts of the Gum (mining ceased in 2005 @ A$560/oz) Cre
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT ASX code HRN 12 MONTH SHARE PRICE Share price (18/11/2021) $0.365c Shares on issue 106.7M $0.55 Market capitalisation $38.9M $0.50 Cash (30/09/2021) $3.5M* Enterprise Value $35.4M $0.45 Major shareholder ASX:ZER 70.2% Top 20 (18/11/2021) 91.4% $0.40 BOARD OF DIRECTORS $0.35 Chairm
Slide 5: Gum Creek Gold Project
GUM CREEK GOLD PROJECT ▪ One flagship project within a highly productive gold mining district ▪ 1.1Moz mined between 1987 and 2005 (Arimco, Australian Resources, Abelle, & Legend Mining) ▪ Mining ceased in March 2005 when the gold price was around A$560/oz ▪ Five operating gold processing plants in
Slide 6: Exploration Targets
EXPLORATION TARGETS ▪ Contiguous tenement package covering the most prospective parts of the Gum Creek Greenstone Belt (668km2) ▪ 48 exploration targets over 80km of continuous strike ▪ Nine high-priority drill ready targets at existing Mineral Resources ▪ Twenty drill ready targets at previously mi
Slide 7: 2020/2021 Exploration Focus
2020/2021 EXPLORATION FOCUS ▪ Comprehensive geological review, exploration targeting and target ranking exercise, and drill program design completed ▪ 334 RC holes for 37,070m & 18 diamond holes for 2,041m completed at 16 priority targets throughout the tenement package including: Swan, Swift, Eagle
Slide 8: Swan / Swift Resource Area
SWAN / SWIFT RESOURCE AREA ▪ Large mineralised system in dolerite host rocks just 700m from the Gidgee mill • Swan/Swift mineral resource estimate (MRE): Swan/Swift Open Cut - 323,000oz @ 2.4g/t Au Swan Underground - 115,000oz @ 7.0g/t Au Swift Underground - 35,000oz @ 5.9g/t Au ▪ Excellent 2020/202
Slide 9: Howards Deposit
HOWARDS DEPOSIT ▪ 28km southeast of the Gidgee mill ▪ Howards MRE: 204,000oz @ 1.1g/t Au ▪ Currently 1.3km long and up to 50m thick ▪ Classic quartz vein lode gold in altered basalt ▪ Excellent RC drilling results in 2021 ▪ Results awaited for 2 diamond holes ▪ More shallow drilling required along s
Slide 10: Kingston Town - Think Big - Manikato
KINGSTON TOWN - THINK BIG - MANIKATO ▪ 20km south-southeast of Gidgee mill ▪ No current MRE at any of the 3 prospects ▪ Significant potential to define open cut gold resources along strike of all 3 existing pits ▪ Numerous shallow gold intercepts from 2021 RC drilling ▪ Results awaited for 2 diamond
Slide 11: Heron South
HERON SOUTH ▪ 15km south-east of Gidgee mill ▪ Heron South MRE: 80,000oz @ 2.2g/t Au ▪ Broad shallow gold intercepts with high grade central zones returned from 2021 RC drilling results ▪ Results awaited for 1 diamond hole ▪ Good potential to define additional shallow gold resources especially along
Slide 12: Snook
SNOOK ▪ 24km north of the Gidgee mill ▪ No MRE to date ▪ 2021 RC results targeting down- plunge mineralisation returned impressive intercepts ▪ High grade south plunging gold lodes remain open down plunge and require substantial additional drilling ▪ Results awaited for 2 diamond holes ▪ Potential f
Slide 13: Wilsons Resource Area
WILSONS RESOURCE AREA ▪ 15km north of the Gidgee mill ▪ Wilsons MRE: 391,000oz @ 5.4g/t Au ▪ Three high grade plunging lodes open down plunge associated with structural jogs on dolerite/sediment contact ▪ Outstanding historic drill intercepts beneath existing pits with good potential to define addit
Slide 14: Regional Gold Prospectivity
REGIONAL GOLD PROSPECTIVITY ▪ No significant regional drilling around the 40 known mining areas for 20 years ▪ 65% of the drill holes at Gum Creek are less than 50m deep ▪ Prospective rocks and prospective structures ▪ Good variety of gold mineralisation styles ▪ Excellent potential for new discover
Slide 15: 2022 Work Programs
2022 Work Programs ▪ Evaluation of 2021 drilling results and subsequent re- ranking of resource and exploration targets 9 ▪ Ongoing metallurgy and resource estimation work Mineral Resources ▪ Preparations for the next drill program at Gum Creek expected to commence early 2022 20 Potential new Minera
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS +1.36 Moz Resource upside Standalone +2g/t Gold along strike & development Resource below +30 pits potential Strategic Continuous Underexplored regional asset 80km of strike greenstone belt +40 drill Ongoing drilling & Strong Board & targets resource supportive defined estimati
Slide 17: Gum Creek Gold Project Mineral Resources
GUM CREEK GOLD PROJECT MINERAL RESOURCES Cut-off Indicated Inferred Total Contained Resource Resource grade (g/t Mineralisation Type Gold Date Tonnes Au (g/t) Tonnes Au (g/t) Tonnes Au) Au (g/t) (oz) Open Pit Resources Swan & Swift OC Jan-21 0.7 Free Milling 2,642,000 2.6 1,516,000 2.0 4,158,000 2.4
Slide 18: Contact Details
CONTACT DETAILS Leigh Ryan Managing Director +61 8 9336 3388 info@horizongold.com.au horizongold.com.au ASX: HRN Howards Prospect – looking north 18