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Horizon Gold Limited (ASX:HRN)

ALERT: Price-sensitive ASX Announcement for HRN
Current share price for HRN : $1.105 0.145 (15.10%)+
Announcement
Release
30 Jul 2026 9:28AM
Price at Release
$0.960
Full Release
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Summary
Horizon Gold Limited has released its quarterly activities and Appendix 5B cash flow report for the period ending 30 June 2026. The report highlights the company's cash flow activities, with net cash used in operating activities amounting to $358,000, and significant investments in property and equipment, totaling $766,000. The company also invested heavily in exploration and evaluation activities with $4,635,000 spent this quarter. Horizon Gold Limited successfully raised $10,178,000 from equity securities issuance. The cash and cash equivalents at the end of the quarter were $24,045,000. The report includes updates on the exploration activities at the Gum Creek Gold Project, highlighting significant drill results from several prospects, including Swift and Eagle. The company is focused on advancing the Gum Creek Gold Project, which comprises extensive mineral resources and has the potential for further development, supported by a comprehensive feasibility study that outlines a robust production target.
Key Points
  • Net cash used in operating activities: $358,000
  • Investments in property and equipment: $766,000
  • Expenditure on exploration and evaluation: $4,635,000
  • Proceeds from equity securities issuance: $10,178,000
  • Cash and cash equivalents at quarter end: $24,045,000
  • Significant drill results from Swift and Eagle prospects
  • Focus on advancing Gum Creek Gold Project
  • Feasibility study supports robust production target
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.