Horizon Gold Ltd. · ASX:HRN
Horizon Gold — Investor Presentation (March 2020)
18 slides from Horizon Gold's investor presentation, March 2020
Slide 1: Investor Presentation
Investor Presentation March 2020 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: Competent Person's Statement
COMPETENT PERSON’S STATEMENT Competent Person’s Statement – Geology The Annual Mineral Resources Statement as at 30 June 2019 (Appendix 1) has been compiled by Mr John Hicks. Mr Hicks is General Manager Exploration and a full- time employee of Panoramic Resources Limited. Mr Hicks is also a sharehol
Slide 4: Corporate Snapshot and Management
CORPORATE SNAPSHOT ASX CODE HRN SHARE PRICE $0.21 SHARES ON ISSUE 76.5M BOARD MARKET CAPITALISATION ~$17M CASH (31 December 20) $424k Victor Rajasooriar Paul Bennett Peter Venn ASX:ZER Non-Executive Non-Executive Non-Executive MAJOR SHAREHOLDER Chairman Director Director 71.13% $0.45 1,000,000 $0.40
Slide 5: Key Asset - Gum Creek Project
KEY ASSET - GUM CREEK PROJECT ▪ Located 640km NE of Perth, Western Australia ▪ Large tenement package covering ~618km² extending over 80km strike length of the Gum Creek Greenstone Belt ▪ Well endowed gold region with historic production of +1Moz gold and multiple processing facilities within trucki
Slide 6: Gum Creek Existing Infrastructure
GUM CREEK EXISTING INFRASTRUCTURE Tailings Dam and village Airstrip (operational) Processing facilities (requires refurbishment) Accommodation village 6
Slide 7: A Short History
A SHORT HISTORY Pre IPO - Gum Creek held by Panoramic Resources Ltd (ASX:PAN) EM conductors identified over +8km strike at Altair First drill hole testing Altair First Exploration Program by New Exploration base metal target returns: Altair Stage 2 Horizon Gold as new owner Targets** released: 55m @
Slide 8: Growth Strategy
GROWTH STRATEGY Horizon’s objective is to generate maximum value from its Gum Creek asset DEVELOPMENT STUDIES ON RESOURCE EXTENSION REGIONAL HIGH-GRADE, FREE MILLING AND INFILL DRILLING EXPLORATION GOLD RESOURCES Increase known gold resources Test the full strike extent of the Near-term toll milling
Slide 9: Gum Creek - Regional Geological Setting
GUM CREEK - REGIONAL GEOLOGICAL SETTING WELL LOCATED LARGE GROUND POSITION Situated within the Southern Cross Project area positioned on the Gum Creek Province of the Western Australian Greenstone Belt (GCGB), an Archean Archaean Yilgarn Craton which has a sequence dominated by volcanic and history
Slide 10: Gum Creek Gold Project
GUM CREEK GOLD PROJECT Volcanic and sedimentary sequences surrounded by intrusive granitoids which contain rafts of greenstones GEOLOGY Margins of the belt are typically contact-metamorphosed basalts and BIFs Total Resource of 15.9Mt at a grade of 2.7g/t Au for 1.39Moz RESOURCE* Two thirds of Resour
Slide 11: Swan North & Swift Development Potential
SWAN NORTH & SWIFT DEVELOPMENT POTENTIAL ▪ Eighteen holes drilled at Butcherbird Shear/Swan Premium since September quarter 2018 with results including: ▪ 8.0m @ 19.7g/t Au from 297.0m (SBDD080) ▪ 6.6m @ 10.9g/t Au from 265.9m (SBDD076) ▪ 5.0m @ 10.6g/t Au from 257.0m (SBDD073) ▪ Incorporation of dr
Slide 12: Moving Swan North & Swift Towards Open Pit Production
MOVING SWAN NORTH & SWIFT TOWARDS OPEN PIT PRODUCTION ▪ Positive Scoping Study completed ▪ Next phase of work includes: – undertake infill/confirmatory resource drilling – firm up capital and operating cost assumptions – seek firm proposals for toll milling – seek firm proposals for project financin
Slide 13: Altair Zinc-Copper-Silver Discovery
ALTAIR ZINC-COPPER-SILVER DISCOVERY Application of a new structural and stratigraphic model in an area of HISTORY historic broad zones of possible supergene copper mineralisation Volcanic-associated base metal sulphide style mineralisation hosted in GEOLOGY black shales & intermediate volcanics ▪ 55
Slide 14: Altair Discovery - Scale Potential
ALTAIR DISCOVERY - SCALE POTENTIAL ▪ Limited grid pattern drilling has defined a wide zone of zinc, copper and silver mineralisation over a strike of 500m ▪ A follow-up MLEM survey* completed in June 2019 returned highly significant results and demonstrates the scale potential ▪ The survey identifie
Slide 15: FY20 Work Program
FY20 WORK PROGRAM ▪ Swan North and Swift open pit development ▪ Infill drilling to improve Resource confidence ▪ Firm capital and operating cost assumptions ▪ Firm tolling and financing proposals ▪ Complete Feasibility Study ▪ Advancement of the Altair Zn-Cu Discovery ▪ Drill testing of potential 5k
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS LARGE PROSPECTIVE 1.39MOZ GOLD MINERAL EMERGING ALTAIR ZINC- GREENSTONE BELT RESOURCE COPPER-SILVER DISCOVERY Controlling position of the 110km long Updated in July 2019 Limited drilling has defined a 500m long Gum Creek Greenstone Belt zone of Zn-Cu-Ag mineralisation Swan open
Slide 17: For More Information Please Contact
FOR MORE INFORMATION PLEASE CONTACT: +61 8 6266 8600 info@horizongold.com.au horizongold.com.au @Horizongold_ ABN 27 614 175 923
Slide 18: Appendix 1 - Mineral Resources at 30 June 2019
APPENDIX 1 - MINERAL RESOURCES AT 30 JUNE 2019 Cut-off Indicated Inferred Total Contained Resource Mineralisation Resource grade Au Au Gold Date Type Tonnes Au (g/t) Tonnes Tonnes (g/t Au) (g/t) (g/t) (oz) Open Pit Resources Swan OC May-19 0.5 Free Milling 80,000 8.8 880,000 6.8 960,000 7.0 216,000