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Horizon Gold Limited (ASX:HRN)

ALERT: Price-sensitive ASX Announcement for HRN
Current share price for HRN : $0.975 0.255 (35.42%)+
Announcement
Release
4 Nov 2025 9:38AM
Price at Release
$0.720
Full Release
download
Summary
Horizon Gold Limited has released an updated Mineral Resource Estimate (MRE) for the Gum Creek Gold Project, showing a total of 37.97 million tonnes at a grade of 1.89 g/t Au for 2.30 million ounces of gold. This represents an 8% increase in total gold ounces and a 26% increase in gold grade compared to the May 2023 estimate. The indicated gold resource is now 26.72 million tonnes at 1.90 g/t Au for 1.63 million ounces, a 21% increase, now comprising 71% of the total MRE. The free milling portion encompasses 28.64 million tonnes at 1.74 g/t Au for 1.60 million ounces, or 70% of the total MRE ounces. The project covers several deposits including Eagle, Deep South Reliance, Hawk, Howards, Kingfisher, and others, all located within granted mining leases in Western Australia. The report includes detailed breakdowns by material type and metallurgical categories, and plans for additional drilling to further expand resources.
Key Points
  • Updated Mineral Resource Estimate of 37.97Mt at 1.89g/t Au for 2.30Moz.
  • 8% increase in total gold ounces and 26% increase in gold grade.
  • Indicated gold resource increased by 21% to 1.63Moz.
  • Free milling portion of 28.64Mt at 1.74g/t Au for 1.60Moz.
  • All resources on granted mining leases, located in Western Australia.
  • Planned additional drilling for further resource expansion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.