Horizon Minerals Limited (ASX: HRZ) is an emerging mid-tier gold producer with an extensive portfolio of highly prospective gold projects located in the heart of the world class Western Australian goldfields.
The Company has just finalised its merger with Poseidon Nickel Limited in February 2025 which brought in the 2.2 Mtpa Black Swan processing facility. The merged entity aims to refurbish and repurpose Black Swan into a gold plant with PFS studies on the plant and 5-year life of mine plan due in the December 2025 quarter. Horizon has a large resource base of over 1.8 million ounces of gold covering a total area of 1,309km, growth options in multiple commodities and a clear development and production strategy.
Horizon has a dual track strategy of generating cash in the short term via monetising its assets through gold production utilising existing processing infrastructure in the region, and the longer-term aspiration of becoming an emerging mid-tier gold producer underpinned by two cornerstone assets with its 428,000oz Boorara and the 466,600oz Burbanks deposits. The company is currently mining its Boorara and Phillips Find assets and generating cash in this strong gold price environment which the Company believes will largely fund the Black Swan plant refurbishment and repurposing to gold. The company is actively exploring for new discoveries in the heart of the Western Australian Goldfields for gold and other commodities including Nickel-Cobalt, Silver-Zinc, PGEs and Lithium across its extensive land holdings.
The company also holds a 9% interest in one of the world’s largest Vanadium projects, with the holding company Richmond Vanadium Technology listed on the ASX through an IPO in December 2022. The company plans to remain a major holder of the company and also provided an inspecie distribution to Horizon shareholders, who also hold 9% of RVT.
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Learn more about Horizon Minerals at HorizonMinerals.com.au