Horizon Minerals Reports Gold Ore Reserve Estimate of 4.3 Million Tonnes

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Horizon Minerals (ASX:HRZ) reported a gold ore reserve estimate of 4.3 million tonnes at 1.54 grams per tonne for 214,000 ounces with a total change in the global ore reserve of 160%, or 131,615 ounces increase in contained gold to the fiscal year 2025 ore reserve, according to a Tuesday Australian bourse filing.

The company has optimized the maiden ore reserve and pre-feasibility for Crake and Kalpini open-pit mineral resources at an AU$4,500 gold price.

The company will do all future ore processing through its Black Swan project processing hub.

Horizon expects additional resource conversions from the broader project pipeline over the next 12 months.

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