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Horizon Gold Limited (ASX:HRN)

ALERT: Price-sensitive ASX Announcement for HRN
Current share price for HRN : $1.085 0.175 (19.23%)+
Announcement
Release
22 Jul 2026 8:59AM
Price at Release
$0.910
Full Release
download
Summary
The document reports on the Definitive Feasibility Study (DFS) for Horizon Gold Limited's Gum Creek Gold Project, which outlines a robust plan for an open pit mine targeting an average annual gold production of 98koz over the first five years, with a total target of 880koz recoverable over a 10-year mine life. The study identifies key mining areas such as the Gidgee Shear Zone and Howards, and proposes a conventional processing method achieving 91.5% total gold recovery. The DFS also details plans to expand processing capacity to 3.0Mtpa in the future and outlines a clear permitting pathway to allow a Final Investment Decision by Q2 2027. Additional upside potential is highlighted in the underground resources at Swan, with Mineral Resource Estimates and Ore Reserves updated to support the production targets.
Key Points
  • Gum Creek Gold Project's DFS highlights a robust open pit mine plan with a 10-year life, targeting 880koz of gold production.
  • The project's open pit production target includes a significant portion from the Gidgee Shear Zone and Howards mining areas.
  • Conventional processing with simple free milling metallurgy is planned, allowing for a 91.5% total gold recovery.
  • The DFS outlines a pathway to expand processing capacity to 3.0Mtpa with future installations.
  • Permitting is progressing well with approvals expected by Q2 2027 to allow for a Final Investment Decision.
  • Significant underground resources at Swan and other areas present additional upside opportunities.
  • Mineral Resource Estimates and Ore Reserves have been updated, supporting the DFS production targets.
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.