Horizon Minerals (ASX:HRZ) revised the schedule for completing study work on its Black Swan processing plant in Western Australia and life-of-mine plan, with the updated timeline now targeting delivery in the first half of the March 2026 quarter, according to a Wednesday Australian bourse filing.
The pre-feasibility study to convert the Black Swan nickel plant to a gold plant, including a five-year life-of-mine mining plan at 1.5 million tonnes per annum (Mtpa), is largely complete, per the filing.
The company has decided to run additional scheduling scenarios at a nameplate capacity of 2.2 Mtpa in response to recent gold price increases and a life-of-mine expected to exceed five years, the filing added.