Horizon Gold Ltd. · ASX:HRN
Horizon Gold — Shareholder Meeting (November 2017)
26 slides from Horizon Gold's shareholder meeting presentation, Nov 22, 2017
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 22 November 2017 ASX: HRN www.horizongold.com.au
Slide 2: Director's Presentation
For personal use only Director’s Presentation Mr Peter Harold
Slide 3: 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 4: Corporate Overview
For personal use only 4 Corporate Overview
Slide 5: 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 Gold Project A new approach - Geophysics Exploration defining multiple new targets Clear Focus To produce gold at Gum Creek Well Fund
Slide 6: Corporate Overview
Corporate Overview Capital Structure Share price performance since listing For personal use only $0.50 1,000 ASX Ticker HRN $0.45 900 Shares on Issue 76.5M $0.40 800 $0.35 700 Share Price $0.25 (16 Nov 2017) $0.30 600 A$ Share Price Volume (‘000) $0.25 500 Market Cap $19M $0.20 400 Cash $10M (30 Sep
Slide 7: 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 res
Slide 8: Horizon's Strategy
Horizon’s Strategy 1. Resource Extension and Infill For personal use only ▪ To grow the known resources 2. Regional Exploration ▪ Target new gold discoveries outside the known resources 3. Development Studies on existing free- milling and refractory Resources ▪ Become a profitable gold producer Hori
Slide 9: 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 80km strike length of the Gum Creek Greenstone belt, with key Resources held on granted mining leases ▪ Historic production - >1Moz gold ▪ Significant Resourc
Slide 10: For personal use only
For personal use only
Slide 11: FY2017 in Review
For personal use only 11 FY2017 in Review
Slide 12: FY2017 Highlights
FY2017 Highlights ▪ Completion of follow-up geophysical surveys over the 14 high-priority targets T1- For personal use only T14: ▪ 2,600 line km of airborne magnetics and spectrometry ▪ 263 line km of VTEM electromagnetic surveys ▪ 51 line km of moving loop EM ▪ 204 line km of induced polarisation (
Slide 13: Resource Extension Drilling - Heron South
Resource Extension Drilling - Heron South ▪ Four RC holes for 1,223m completed. Best results*: For personal use only ▪ HRC539 - 3m @ 6.0g/t Au from 88m ▪ HRC540 - 4m @ 5.0g/t Au from 99m ▪ HRC541 - 4m @ 4.3g/t Au from 127m ▪ HRC542 – 1m @ 9.4g/t Au from 174m ▪ Mineralised intercepts also reported in
Slide 14: Target Testing - Wilsons IP Targets
Target Testing - Wilsons IP Targets ▪ First five IP targets along the Wilsons Shear Zone drill tested in FY2017 (6 holes for 1,272m)* For personal use only ▪ Drilling Results: ▪ Sulphide mineralisation intersected where predicted by the IP surveys ▪ Sulphides were dominated by pyrite (whereas the go
Slide 15: Target Identification
Target Identification ▪ Wilsons Shear Zone (T6) For personal use only ▪ IP surveying completed ▪ 13 new targets identified for drilling ▪ Drill testing commenced in Sept 2017 quarter ▪ Regional Targets (T1 – T14) ▪ Airborne and ground EM surveys completed ▪ Initial follow-up of all 14 targets is now
Slide 16: Development Studies
Development Studies ▪ Free milling: For personal use only ▪ Estimate by independent engineer to refurbish existing 600ktpa CIL processing plant: $15-20M ▪ This compares to the estimated cost of a new 800ktpa CIL processing plant of $36M (as reported by Panoramic in March 2016) ▪ Refractory: ▪ Testwo
Slide 17: FY2018 Proposed Work
For personal use only FY2018 Proposed Work 17
Slide 18: Exploration - Proposed FY2018 Program
Exploration - Proposed FY2018 Program ▪ FY2018 drill program to commenced in August 2017 For personal use only ▪ 20 target areas ▪ 6,000m RC ▪ 13,000m air-core ▪ Priority Targets: ▪ Wilsons Shear Zone – 21 RC holes for 2,800m to test 11 IP and EM targets ▪ Psi Prospect – structurally controlled BIF-
Slide 19: Psi Prospect
Psi Prospect ▪ Structurally controlled BIF-hosted mineralisation For personal use only ▪ Shallow high-grade intercepts reported by previous explorers (e.g. 7m @ 6.85g/t Au in GWRC504*) ▪ Mineralisation is open at depth ▪ Drilling commenced August 2017 (14 RC holes for 1,369m). Best results**: ▪ 7m @
Slide 20: Toedter Prospect
Toedter Prospect ▪ Existing Resource of 34,200oz For personal use only ▪ One RC hole completed in August 2017 (GWRC482) ** ▪ The hole targeted a coincident de- magnetised BIF and EM conductor located 1.25km to the west of the known resource. ▪ Preliminary 4m composite intercept of 4m @ 6.58g/t Au fr
Slide 21: Studies - Proposed FY2018 Program
Studies - Proposed FY2018 Program ▪ Free milling: For personal use only ▪ Studies and testwork on heap leaching of free-milling mineralisation at Swan-Swift ▪ Refractory: ▪ Further refractory studies will be scaled back, dependent on growing the refractory Mineral Resources through the proposed the
Slide 22: A Strong Prospect Pipeline
For personal use only A Strong Prospect Pipeline 22
Slide 23: Summary
For personal use only 23 Summary
Slide 24: Peer Comparison
Peer Comparison Explorer / Developer Peer Group ▪ ASX listed, pre-production, gold focussed, with JORC-compliant Resources For personal use only ▪ Peer Group Average EV per Resource ounce - A$46/oz ▪ Horizon EV per Resource ounce – A$8/oz ▪ Horizon is trading at a significant discount to peers in te
Slide 25: Investment Highlights
Investment Highlights ✓Large Prospective Greenstone Belt ▪ For personal use only Current Resources 1.25Moz averaging 2.25g/t gold ✓Well Credentialed Board and Management (provided by Panoramic Resources) ▪ Proven track record of exploration discovery and development ✓Strong Cash Position ▪ $9.9M as
Slide 26: Appendix - Resources
Appendix - Resources Cut-off Indicated Inferred Total Contained Resource Mineralisation Resource grade Gold Date Type Au Au For personal use only (g/t Au) Tonnes Au (g/t) Tonnes Tonnes (oz) (g/t) (g/t) 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,