Horizon Gold Ltd. · ASX:HRN
Horizon Gold — Shareholder Meeting (November 2022)
17 slides from Horizon Gold's shareholder meeting presentation, Nov 18, 2022
Slide 1: AGM Presentation 18 November 2022
horizongold.com.au AGM For personal use only PRESENTATION 18 November 2022
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER For personal use only 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 awar
Slide 3: Sound Investment Opportunity
SOUND INVESTMENT OPPORTUNITY For personal use only 1.79Moz 663km2 +40 targets 36.8Mt @ 1.51g/t Au* Mineral Resource Dominant tenement holding over Extensive brownfields and Estimate on granted mining leases most prospective parts of the Gum greenfields exploration targets along (1.19Moz @ 1.26g/t Au
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only ASX code HRN 12 MONTH SHARE PRICE Share price (17/11/2022) $0.325c Shares on issue 125.2M $0.50 Market capitalisation $40.7M Cash (30/09/2022) $3.0M* $0.45 Enterprise Value $37.7M Major shareholder ASX:ZER 72.3%** $0.40 BOARD OF DIRECTORS $0.35 Non-Executive
Slide 5: Gum Creek Gold Project
GUM CREEK GOLD PROJECT For personal use only ▪ One flagship project within a highly productive gold mining district ▪ Five operating gold processing plants in the region ▪ 1.1Moz mined at Gidgee between 1987 and 2005 (Arimco, Australian Resources, Abelle, & Legend Mining) ▪ Mining ceased in March 20
Slide 6: Gold Resources & Exploration Targets
GOLD RESOURCES & EXPLORATION TARGETS For personal use only ▪ July 2022 MRE increase to 1.79Moz @ 1.51g/t Au (64% Indicated) all on mining leases granted pre-native title ▪ 433,100oz (32%) increase following 34,700m of drilling in 2021 at a discovery cost of less than A$14/oz ▪ Over 66% of this MRE i
Slide 7: 2022 Work Program & Resource Expansion
2022 WORK PROGRAM & RESOURCE EXPANSION For personal use only ▪ 30,296 metres drilled across 18 priority gold targets and two base metal targets (Altair & Mensa) in 2022 ▪ Maiden MRE’s expected to be completed on 10 prospects (Hawk, Heron, Hyperno, Deep South, Wedge, Eagles Peak, Fangio, Kearrys, Bet
Slide 8: Swan / Swift Resource Area
SWAN / SWIFT RESOURCE AREA ▪ Large mineralised system (578Koz) in mafic host rocks For personal use only adjacent to the Gidgee Mill ▪ Swan/Swift resource estimate (free milling): Swan/Swift Open Cut - 434,100oz @ 1.06g/t Au Swan Underground - 118,500oz @ 6.99g/t Au Swift Underground - 25,400oz @ 5.
Slide 9: Kingfisher Deposit
KINGFISHER DEPOSIT For personal use only ▪ 3.5km south-east of the Gidgee Mill ▪ Kingfisher free milling MRE: 145,100oz @ 2.19g/t Au (0.8g/t Au cut-off) ▪ Intensely altered, thick shear zone hosting several sub-parallel gold lodes ▪ High grade en-echelon lodes remain open down plunge ▪ 2022 RC and d
Slide 10: Howards Deposit
HOWARDS DEPOSIT ▪ Howards MRE: 230,500oz @ 0.80g/t Au (free milling) For personal use only ▪ 2022 drilling returned excellent results and increased the known mineralised strike length to 1.4km ▪ MRE update expected in the first half of 2023 ▪ Excellent potential to further expand the gold resource a
Slide 11: Heron South Deposit
HERON SOUTH DEPOSIT ▪ 15km southeast of Gidgee Mill For personal use only ▪ Updated MRE: 60,500oz @ 1.73g/t Au (0.8g/t Au cut-off) ▪ Impressive results from 2022 RC drilling, including shallow gold intercepts that remain open along strike ▪ High gold grades remain open down plunge to the south ▪ Goo
Slide 12: Wyooda: Kingston Town, Think Big, Manikato
WYOODA: KINGSTON TOWN, THINK BIG, MANIKATO For personal use only ▪ 20km south-southeast of Gidgee Mill ▪ Wyooda MRE: 64,800oz @ 1.56g/t Au (0.8g/t Au cut-off) ▪ Numerous significant gold intercepts from 2021 & 2022 drilling ▪ Gold mineralisation at Manikato, Think Big and Kingston Town remains open
Slide 13: Wilsons Deposit
WILSONS DEPOSIT ▪ 15km north of the Gidgee Mill For personal use only ▪ Wilsons Mineral Resource Estimate (MRE): 391,000oz @ 5.36g/t Au (1.0g/t Au cut-off) ▪ Three high grade plunging lodes open down plunge associated with structural jogs on dolerite/sediment contact ▪ Outstanding historic drill int
Slide 14: Exploration Progress
EXPLORATION PROGRESS For personal use only ▪ Final assay results for Altair, Eagle, Kingfisher, Eagles Peak, Fangio, Kearrys, Beta, and Specimen Well are pending, however all drilling results are expected to be announced before the end of 2022 ▪ Metallurgical sampling and sighter testwork for potent
Slide 15: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Resource upside +1.79 Moz Standalone along strike & +1.5g/t Gold development below 37 pits & 3 Resource potential underground mines Strategic Continuous Underexplored regional asset 80km of strike greenstone belt +40 drill Ongoing drilling & Strong Board &
Slide 16: Table A: Gum Creek Gold Project Mineral Resources
TABLE A: GUM CREEK GOLD PROJECT MINERAL 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
Slide 17: Contact Details
CONTACT DETAILS For personal use only Leigh Ryan Managing Director +61 8 9336 3388 info@horizongold.com.au horizongold.com.au U8 / 47 Havelock St. West Perth, WA 6005 ASX: HRN Howards Prospect – looking north 17