A key focus for the Company is on exploration upside within our 1,100km2 tenement package with up to three drill rigs operating as part of the large-scale multi-element new discovery and project generation exploration program. Horizon holds numerous multi - commodity assets including listed investments in the world class 1.8Bt Richmond vanadium project in northwest
Primary activities during the Quarter included the continuation of the CY2022-23 multi-element project generation and new discovery exploration program and release of results, resource modelling and mine optimisation studies for Ore Reserve estimation, advancement of the Cannon, Penny's Find, and
In addition, the Company has completed the in-specie distribution to eligible shareholders of 20 million shares in Richmond Vanadium Technology (ASX:RVT) after the successful IPO and listing of RVT on the ASX.
Horizon now holds 8.94% of RVT who are now fully funded to complete the BFS after raising
HIGHLIGHTS
- Exploration program continues with field work conducted at the Greater Boorara - Cannon, Yarmany and Lakewood project areas testing for high priority gold and nickel sulphide targets
- Excellent drilling results received from
- Horizon's total Mineral Resource estimate stands at:
o 22.6Mt grading 1.71g/t Au for 1.24 million ounces at various cut-off grades
- Divestment of Kangaroo Hill and
- Successful Initial Public Offering raising
- In-specie distribution of 20 million RVT shares to eligible Horizon shareholders completed with the Company retaining 19.8 million shares representing 8.94% of RVT's issued capital
- RVT now fully funded to complete the BFS for the 100% owned Richmond vanadium project in
- Share Purchase Plan (SPP) and shortfall offer completed raising
- Loan Agreements executed for a
- Cash at bank of
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About
Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Horizon has a number of joint ventures in place across multiple commodities and regions of
Contact:
Managing Director
T: +61 8 9386 9534
E: jon.price@horizonminerals.com.au
Media Relations -
T: +61 422 602 720
E: michael.vaughan@fivemark.com.au
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