Horizon Gold Ltd. · ASX:HRN
Horizon Gold — Investor Presentation (March 2024)
16 slides from Horizon Gold's investor presentation, Mar 22, 2024
Slide 1: Gum Creek Gold Project Scoping Study Presentation
For personal use only Gum Creek Gold Project horizongold.com.au Scoping Study Presentation March 2024 ASX: HRN
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: Gum Creek Project Scoping Study
GUM CREEK PROJECT SCOPING STUDY Compelling standalone free milling open pit development opportunity1 For personal use only Initial open pit gold Projected average LOM C1 operating LOM All in Sustaining Pre-production production target2 of production of costs Costs Capex 888Koz 84Koz pa A$1730/oz A$1
Slide 4: Gum Creek Project Scoping Study
GUM CREEK PROJECT SCOPING STUDY ▪ Only deposits with >15,000 gold ounces inside Whittle pit shells from previous pit optimisation work were included in the Study, which equates to only 14 of the current 26 resource areas For personal use only ▪ All gold resources in the Study are located on granted
Slide 5: Scoping Study Capex & Operating Costs
SCOPING STUDY CAPEX & OPERATING COSTS ▪ Pre-production capital cost of A$238.5M includes a new 2.4Mt per annum gravity / CIL processing plant, a new 200-person For personal use only camp, and a 20% capital cost contingency add-on ▪ Potential to further enhance economic outcome with optimization work
Slide 6: Gum Creek Economic Analysis & Upside
GUM CREEK ECONOMIC ANALYSIS & UPSIDE Scoping Study Financials using different Gold Price Scenarios ~Spot Gold Price For personal use only * Base case gold price ▪ Excellent economic upside to base case A$2,900/oz gold price assumption ▪ 57% increase to pre-tax cashflow using A$3,300/oz assumption (~
Slide 7: Corporate
CORPORATE ASX code HRN Share price (21/03/2024) $0.295c For personal use only 12 MONTH SHARE PRICE Shares on issue 144.8M Market capitalisation (21/03/2024) $42.7M $0.42 Cash (31/12/2023) $1.5M $0.40 Alto Metals Investment (21/03/2024) *$1.9M $0.38 Enterprise Value $39.3M $0.36 Major shareholder **A
Slide 8: Standalone Gum Creek Project
STANDALONE 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 ▪ Historic 1.1Moz gold processed through the G
Slide 9: Gum Creek Resources & Targets
GUM CREEK RESOURCES & TARGETS ▪ Current Gum Creek MRE of 2.14Moz @ 1.50g/t Au (63% For personal use only Indicated) on granted mining leases ▪ MRE increase of 777Koz (57%) in 2 years at a discovery cost of less than A$15/oz ▪ Five main resource areas all with resource expansion potential and all ser
Slide 10: 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) ▪ 530,000oz @ 1.28g/t Au in scoping study mine production target from Gidgee Shear Zone For personal use only ▪ Sub-parallel shears up to 60m wide with mineralisation open alon
Slide 11: Howards Deposit
HOWARDS DEPOSIT ▪ Howards MRE: 266,900oz @ 0.81g/t Au (0.4g/t Au cut off) ▪ 222,000oz @ 0.85g/t Au in scoping study mine production target For personal use only ▪ No previous mining, gold mineralisation at surface up to 50m thick ▪ >90% cyanide leach gold recoveries in oxide, transition & fresh ore
Slide 12: 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 ▪ 75,000oz @ 1.17g/t Au in scoping study mine production target from the Wyooda / Heron Group ▪ Shallow wide-spaced
Slide 13: Wilsons Shear Zone
WILSONS SHEAR ZONE ▪ 391,000oz @ 5.4g/t Au MRE at Wilsons deposit (90% Indicated) ▪ Wilsons not included in scoping study For personal use only ▪ Outstanding historic drill intercepts at Wilsons with potential to define further high-grade gold resources at depth ▪ Wilsons sulphide ore metallurgical
Slide 14: Sound Investment Opportunity
SOUND INVESTMENT OPPORTUNITY For personal use only 888Koz 2.14Moz Feasibility Free milling open pit mine 44.5Mt @ 1.50g/t Au Mineral Free milling open pit production target equates to Resource Estimate** all on feasibility study planned 84Koz pa over a 10-year LOM* granted mining leases Upside Under
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%