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Horizon Minerals Limited (ASX:HRZ)

ALERT: Price-sensitive ASX Announcement for HRZ
Current share price for HRZ : $0.940 -0.08 (-7.84%)+
Announcement
Release
13 Mar 2026 8:23AM
Price at Release
$1.020
Full Release
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Summary
Horizon Minerals Limited announced the completion of mining activities at the Boorara Project as of December 2025, and the mutual termination of an Ore Purchase Agreement with Paddington Gold Mine in early 2026. The company holds significant gold ore stockpiles at Boorara, which will be instrumental in supporting the startup of the Black Swan Processing Hub slated for mid-2027. These stockpiles are intended to provide a consistent ore supply during this critical phase. Preparations have begun to ensure a smooth restart of mining operations at Boorara in early 2027, and long lead items have been procured to facilitate the gold conversion at the Black Swan hub. Horizon aims to establish itself as a key mid-tier gold producer in the Western Australian Goldfields.
Key Points
  • Horizon Minerals Limited completed the current phase of mining at the Boorara Project in December 2025.
  • The Ore Purchase Agreement with Paddington Gold Mine was mutually terminated on 11 February 2026.
  • Boorara has significant gold ore stockpiles of 460,000 tonnes (14.2 koz Au) which will be used for the commissioning of the Black Swan Processing Hub in mid-2027.
  • Utilising the stockpiled ore will help de-risk the mill startup by providing a consistent ore supply.
  • Pre-production planning and operational readiness at Boorara have commenced to ensure a smooth restart of mining operations in early 2027.
  • Long lead items have been ordered to expedite the gold conversion of the Black Swan Processing Hub.
  • Horizon Minerals aims to become the next standalone mid-tier gold producer in the Western Australian Goldfields.
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.