Horizon Minerals Limited (ASX: HRZ) (“Horizon” or “the Company”) is pleased to provide an update on the development of the Phillips Find (“Phillips Find”) and Boorara (“Boorara”) Gold Projects.
HIGHLIGHTS
Phillips Find
- Three processing campaigns of Phillips Find ore have been completed at FMR Investments’ Greenfields mill totalling 98,945 tonnes at 1.65g/t Au for 4,954 ounces produced
- Mining of the first phase at Phillips Find gold project is coming to a close, with approximately 120,000 tonnes of high grade and 22,000 tonnes of low-grade ore stockpiled
- Due to the volume of ore mined being greater than the originally planned 200,000 tonnes for the first phase of this project, Horizon’s Phillips Find JV partner BML Ventures Pty Ltd has executed a binding Toll Milling Agreement to treat 120,000 tonnes of high grade ore at a nearby processing plant
- Ore haulage has commenced, with 90,000 tonnes of ore stockpiled for processing with treatment due to occur in the current December 2025 quarter, and final distributions expected in January 2026
- Focus Minerals Ltd’s Three Mile Hill plant shall be utilised to treat the remaining Phillips Find ore in January 2026
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Find out more about Horizon Minerals at HorizonMinerals.com.au