Horizon Gold Ltd. · ASX:HRN
Horizon Gold — Shareholder Meeting (November 2025)
18 slides from Horizon Gold's shareholder meeting presentation, Nov 20, 2025
Slide 1: Gum Creek Gold Project
Gum Creek Gold Project AGM Presentation horizongold.com.au ASX: HRN 20 November 2025
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: Executive Summary
EXECUTIVE SUMMARY High-quality gold asset in a tier-1 mining jurisdiction Large-scale, High-Grade Asset with Low Mining Recommencement Risk ▪ 37.97Mt @ 1.89g/t Au for 2.30Moz (71% indicated) on granted mining leases across 26 deposits, 70% free-milling gold with > 90% recoveries ▪ Two large minerali
Slide 4: Gum Creek Gold Project
GUM CREEK GOLD PROJECT Gum Creek Gold Project ▪ Largest gold resource (2.30 Moz* – 71% Indicated) in the Sandstone District, with significant exploration upside and potential consolidation opportunities ▪ Well-endowed gold region – the GCGP has historically produced more than 1.1 Moz** with last min
Slide 5: Gidgee Shear Zone
Gidgee Shear Zone Main free milling ore source underpinning mine life and economics adjacent to Gidgee Mill ▪ +7km long mineralised system hosting 1.05Moz* (66% Indicated) adjacent to the Gidgee mill ▪ Sub-parallel shears up to 60m wide; mineralisation open along strike and down plunge at all deposi
Slide 6: Howards Deposit
Howards Deposit 2nd bulk tonnage free milling deposit underpinning mine life and economics ▪ 2.5km long mineralised zone hosting 245koz* (90% Indicated), 27km SE of the Gidgee mill ▪ No previous mining, gold mineralisation at surface up to 50m wide ▪ Low strip ratio underpins economics ▪ Potential t
Slide 7: Exploration Upside
Exploration Upside Resource Upside ▪ Excellent brownfields resource upside across the 80km strike of Gum Creek Gold Project ▪ Excellent recent assay results from infill and extension resource drilling included: ▪ Swan/Swift Prospects: 22m @ 3.18g/t Au from 2m including 5m @ 9.71g/t Au from 10m* ▪ Ho
Slide 8: Swan Underground Potential
Swan Underground Potential Largest free milling high-grade underground resource ▪ Swan Underground MRE reported as 1.73Mt @ 4.19g/t Au for 233,700 ounces (57% Indicated)* ▪ Moderate NE dipping and shallow SE dipping conjugate vein sets emanating from the broader north-south steeply dipping shear zon
Slide 9: Gidgee Shear Zone – Kingfisher Deposit
Gidgee Shear Zone – Kingfisher Deposit Permitted, High-Grade Deposit Near Mill with Proven Production History, and significant exploration potential ▪ High-Grade Historical Production: Between 1990 and 1996, the Kingfisher deposit yielded 265koz of gold from open-pit operations at an average grade o
Slide 10: Omega Exploration Potential
Omega Exploration Potential High-grade exploration potential ▪ High-Grade Production History: Omega Pit previously produced 44koz @ 5.4g/t, while the Omega Underground delivered 40koz @ 5.3g/t, demonstrating consistent high-grade mineralisation across previous mining phases ▪ Drilling planned at Ome
Slide 11: Wilsons – High Grade U/G Optionality
Wilsons – High Grade U/G Optionality Permitted, High-Grade Resource to Extend Mine Life ▪ Large, High-Grade Sulphide Resource Not Yet in Development Plan: Wilsons hosts a 400koz resource @ 4.31g/t (97% Indicated)*, offering a significant inventory of high-grade gold not currently included in the Sco
Slide 12: March 2024 Scoping Study – attractive base case economics
March 2024 Scoping Study – attractive base case economics Key Economic Metrics Cashflow and Cumulative Cashflow p.a. (A$m @ A$3300/oz) $1,000.00 Life of Mine Years 10 $800.00 Gold Price A$/oz 3,300 $600.00 Pre-production Capital Costs A$m 239 $400.00 LoM Capital Costs A$m 333 $200.00 Annual Gold Pro
Slide 13: Feasibility Study on track for completion 1H 2026
Feasibility Study on track for completion 1H 2026 Open Pit Mining of Free Milling Resources on Granted Mining Leases Targeting simple base-case operation underpinned by two open pit mining areas, the Gidgee Shear Zone and Howards open pit ▪ Mine plan only includes 7 of the 26 resource areas (81% of
Slide 14: Corporate Overview
CORPORATE OVERVIEW Capitalisation Summary * Shareholder Summary Unit ASX:HRN Share Price A$ 0.73 Zeta Resources Shares Outstanding M 169.6 Market Capitalisation A$m 123.8 Directors & Management Cash (30 September 2025) A$m 8.2 Debt (30 September 2025) A$m 0 Other Shareholders Enterprise Value A$m 11
Slide 15: Appendices
horizongold.com.au APPENDICES
Slide 16: Gum Creek Gold Project Location
Gum Creek Gold Project Location Gum Creek Gold Project ▪ Strategic project within the prolific Sandstone / Gum Creek gold mining district located between the gold mining townships of Meekatharra, Wiluna and Sandstone ▪ Gum Creek Gold Project has one of the largest landholdings in the district and th
Slide 17: Gum Creek Gold Project Resource
GUM CREEK GOLD PROJECT RESOURCE 1,2 Cut-off Indicated Inferred Total Resource Resource Date grade (g/t Tonnes Au (g/t) Gold (oz) Tonnes Au (g/t) Gold (oz) Tonnes Au (g/t) Gold (oz) Au) Swan/Swift OC Nov-25 0.4 6,661,000 1.86 399,000 335,000 1.54 16,600 6,996,000 1.85 415,600 Swan UG* Nov-25 1.5 935,
Slide 18: Contact Details
CONTACT DETAILS Peter Sullivan Executive Chairman 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 Haul Road to the Gidgee Mill 18