Horizon Gold Ltd. · ASX:HRN
Horizon Gold — RIU Explorers Conference 2022
21 slides from Horizon Gold's conference presentation, Feb 17, 2022
Slide 1: Investor Presentation - RIU Explorers Conference
horizongold.com.au INVESTOR PRESENTATION RIU Explorers Conference Esplanade Hotel Fremantle, 15-17 February 2022
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 (11/02/2022) $0.435c Shares on issue 106.7M $0.55 Market capitalisation $46.4M Cash (31/12/2022) $1.2M* $0.50 Enterprise Value $45.2M $0.45 Major shareholder ASX:ZER 70.2% $0.40 BOARD OF DIRECTORS $0.35 Chairman Peter Sullivan Managing
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: 2021 Exploration Statistics
2021 EXPLORATION STATISTICS ▪ Comprehensive geological review, exploration targeting and target ranking exercise, and drill program completed ▪ 300 RC holes for 32,707m & 18 diamond holes for 2,041m completed at 16 priority targets throughout the tenement package including: Swan, Swift, Eagle, Howar
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 pending 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 and beneath all 3 existing pits ▪ Numerous shallow gold intercepts from 2021 RC drilling ▪ Results pending f
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 pending 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 ▪ Additional RC drilling planned ▪ Results pending for 2 diamond holes ▪ Potential for a signif
Slide 13: Omega/PSI Deposits
OMEGA/PSI DEPOSITS ▪ 44km north of the Gidgee mill ▪ No MRE to date ▪ 2021 RC results targeting down-plunge mineralisation at PSI returned good grades and consistent widths ▪ High grade plunging gold lodes in folded BIF (open down plunge) ▪ Excellent potential to define resources at depth and along
Slide 14: 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 15: Regional Gold Prospectivity
REGIONAL GOLD PROSPECTIVITY ▪ No significant regional drilling around the 40 mined prospects 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 discoveries
Slide 16: 2022 Work Programs
2022 Work Programs ▪ Evaluation of 2021 drilling results and subsequent re- ranking of resource and exploration targets 9 ▪ Updated MRE expected first half 2022 Mineral Resources ▪ Ongoing metallurgical sampling and sighter testwork 20 ▪ Preparations for the next drill program at Gum Creek Potential
Slide 17: Comparable ASX Peer Gold Companies
COMPARABLE ASX PEER GOLD COMPANIES ENTERPRISE VALUE PER TOTAL GOLD RESOURCE OUNCE $280.00 $255 $240.00 $218 $200.00 $160.00 $120.00 $111 $80.00 $66 $53 $52 $50 $45 $42 $41 $40 $40 $40.00 $33 $0.00 Source data provided in Appendix 1 Total gold resources include Measured, Indicated and Inferred ounces
Slide 18: Investment Highlights
INVESTMENT HIGHLIGHTS +1.36 Moz Resource upside Standalone +2g/t Gold along strike & development Resource below +30 pits potential Strategic Continuous Underexplored regional asset 80km of strike greenstone belt +40 drill Ongoing drilling & Strong Board & targets resource supportive defined estimati
Slide 19: Gum Creek Gold Project Mineral Resources
GUM CREEK GOLD PROJECT MINERAL RESOURCES Cut-off Indicated Inferred Total Contained Resource Resource grade (g/t Mineralisation Type Gold Date Tonnes Au (g/t) Tonnes Au (g/t) Tonnes Au) Au (g/t) (oz) Open Pit Resources Swan & Swift OC Jan-21 0.7 Free Milling 2,642,000 2.6 1,516,000 2.0 4,158,000 2.4
Slide 20: Contact Details
CONTACT DETAILS Leigh Ryan Managing Director +61 8 9336 3388 info@horizongold.com.au horizongold.com.au U8 / 47 Havelock St. West Perth, WA 6005 ASX: HRN Howards Prospect – looking north 20
Slide 21: Appendix 1: Source data for EV/Resource ASX Peer Gold Comparison
APPENDIX 1 Source data for EV/Resource ASX Peer Gold Comparison MRE* MCAP Million Share CASH DEBT COMPANY ASX EV/MRE EV (Moz) ($M) Shares Price ($) ($M) ($M) Genesis Minerals GMD $ 255 $ 410.6 1.61 $ 434.4 251.9 $ 1.725 $ 23.8 $ - Musgrave Minerals MGV $ 218 $ 143.6 0.66 $ 161.1 537.1 $ 0.300 $ 17.5