Horizon Gold Ltd. · ASX:HRN
Horizon Gold — RIU Resources Round-Up Conference 2017
23 slides from Horizon Gold's conference presentation, May 10, 2017
Slide 1: Building Australia's next Gold Producer
For personal use only Building Australia’s next Gold Producer RIU Resources Round-Up Conference, Sydney 11 May 2017 ASX: HRN www.horizongold.com.au
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: Horizon Gold
Horizon Gold For personal use only Strong Board and Experienced team with proven Management track record Significant 17Mt @ 2.25g/t for 1.25Moz Au Resources Gum Creek A new approach - Geophysical Gold Project Exploration surveys defining multiple new exploration targets Clear Focus Producing gold at
Slide 4: Corporate Overview
Corporate Overview Capital Structure 6 month share price performance For personal use only $0.50 1,000,000 ASX Ticker HRN $0.45 900,000 Shares on Issue 76.5M $0.40 800,000 $0.35 700,000 Share Price $0.31 (8 May 17) $0.30 600,000 A$ Share Price Volume $0.25 500,000 Market Cap $23M $0.20 400,000 Cash
Slide 5: 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 reso
Slide 6: Gum Creek Gold - Project Overview
Gum Creek Gold - Project Overview Location - 640km NE of Perth, Western Australia For personal use only Large tenement package - covering the Gum Creek Greenstone belt Significant Resources - 17.3Mt at an average grade of 2.25g/t Au for 1.25Moz Tenements - key Resources held on granted minin
Slide 7: Project History
Project History 2010-2016 – Panoramic Resources 2007-2010 – Apex Mining For personal use only 2003-2007 – Legend Mining Fragmented ownership often by 2003-2003 – Harmony Gold companies with alternative priorities 1999-2003 – Abelle Resources 1988-1999 – Australian Resources/Arimco 7
Slide 8: Horizon's Strategy
Horizon’s Strategy Proposed strategy comprises three key objectives: For personal use only 1. Resource Extension and Infill To grow the known resources 2. Regional Exploration Target new gold discoveries outside the known resources 3. Development Studies Free milling mineralisation Refractor
Slide 9: Geology
Geology Well Located - situated within the Southern Cross Province of the Western Australian Archaean Yilgarn For personal use only Craton which has a history of significant gold production Large Ground Position - project area positioned on the Gum Creek Greenstone Belt (GCGB), an Archean sequen
Slide 10: Resources
Resources Indicated Inferred Total Cut-off Contained Resource grade Mineralisation Au Au Au Gold For personal use only Resource Date (g/t Au) Type Tonnes (g/t) Tonnes (g/t) Tonnes (g/t) (oz) Open Pit Resources Swan OC Jun-15 0.7 Free Milling 2,250,000 2.57 990,000 2.36 3,240,000 2.51 261,100 Heron S
Slide 11: Wilsons high-grade deposit
For personal use only Wilsons high-grade deposit Three discrete, individual, strongly mineralised shoots that are open at depth Resource of 2.27Mt @ 5.37g/t Au for 391,500oz Au Conceptual mine plan for Wilsons Resource 11
Slide 12: Resource Extension - Heron South
Resource Extension - Heron South 1.1Mt at 2.2g/t Au for 80,400oz Au For personal use only Existing open pit limited to oxide layer Drilling into fresh rock has identified high grade zones which remain open along strike and at depth Planned exploration activities: Priority – explore along s
Slide 13: Resource Infill - Swan
Resource Infill - Swan Swan Open Pit For personal use only Swan Underground High Grade gold Resource with intercepts beneath existing Swan and Swift open pits which are open at depth Planned exploration activities: Infill and confirmatory RC and core drilling to enhance understanding of th
Slide 14: Resource Infill - Swift
Resource Infill − Swift High Grade gold Resource with For personal use only intercepts beneath existing Swan and Swift open pits which are open at depth Total of 7,000m of RC and core drilling is proposed over Swan, Swift, Heron South and Kingfisher Infill and confirmatory RC and core drilling
Slide 15: Regional Exploration
Regional Exploration Horizon has a recently developed, fully integrated, high quality, belt scale geological, For personal use only geophysical and geochemical dataset driving future exploration targeting 14 new exploration targets The Wilsons Shear has an additional 14 discrete geophysical ta
Slide 16: Exploration - Wilsons Shear
Exploration – Wilsons Shear 20km of IP survey recently completed For personal use only over Wilsons shear An additional 4 targets identified with similar chargeability to Wilsons Commenced drilling on the Wilsons Shear Tenement boundary as at date of Prospectus (Oct 2016) 16
Slide 17: Free Milling Scoping Study - Mining & Infrastructure
Free Milling Scoping Study - Mining & Infrastructure Mining Standard open pit, drill, For personal use only blast, load and haul – by contractor Processing All new processing plant Three stage crushing, single ball mill, gravity circuit, cyanide leach, elution circuit and gold room Metallurgy
Slide 18: For personal use only
For personal use only 18
Slide 19: Studies - Refractory
Studies − Refractory Testwork demonstrates good metallurgical recoveries to flotation concentrate with low Mill Feed For personal use only mass pull Magnetic Separation - 99% of the contained gold can be recovered into approximately 90% Flotation of the mass Oxidation Process – Multiple option
Slide 20: Refractory Engineering Options Study
Refractory Engineering Options Study Results from recent Options Study For personal use only for processing refractory gold concentrate by Mild Pressure Oxidation or Albion Process concluded*: Significantly lower capital costs Significantly lower unit operating costs Next Steps Consider best
Slide 21: Peer Comparison
Peer Comparison Peers For personal use only ASX listed, pre-production, gold focussed, with JORC compliant Resource Average EV per Resource ounce - A$45/oz Directly comparable to peers trading at a premium to Horizon Gold Horizon trading at significant discount to peers in terms of EV/oz res
Slide 22: Investment Highlights
Investment Highlights Large prospective greenstone belt Current Resources 1.25Moz averaging 2.25g/t For personal use only Well credentialed board and management Proven track record of exploration discovery and development Multiple Exploration Targets 14 new priority exploration targets iden
Slide 23: Horizon Gold Limited
For personal use only Horizon Gold Limited Level 9, 553 Hay Street, Perth WA 6000 P: +61 8 6266 8600 W: www.horizongold.com.au 23
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