Australian (ASX) Stock Market Forum

HRZ - Horizon Minerals

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Some positive media coverage of HRZ (looking forward to the week's/months ahead as plenty of news flow to come). Hopefully, they come out soon & tell us about their huge very high-grade silver nimbus deposit (all approved/ready to go with just some more tweaking needed imo)

https://www.australianmining.com.au/news/horizons-first-gold-pour-heads-for-shipment/

https://thewest.com.au/business/pub...f-the-gates-with-early-boorara-cash-c-1223826

https://www.australianmining.com.au/news/horizon-minerals-eyes-lilyvale-as-global-vanadium-producer/

Cheers tela
 
I had this down for a buy in the morning, but this news may exclude me buying based on SL of expected price rise.
 
Suggestion to perhaps observe pre-market auction prior to 10am tomorrow as it will show you "indicative opening price" of what HRZ is expected to open at - I don't think it's going to 30c tomorrow lol
 
Hmm, from the podcast linked by tela in a prior post M.D is saying they've got a current resource base of 1.1m ozs - that's bigger than Black Cat's current level! Although comparisons would have to be qualified, like how distributed over the tenements the resources are (Black Cat's are pretty concentrated so far) and grade and recoverability and whatever.
Occurred to me that it's a pity that the managements of HRZ and BC8 can't collaborate and share the cost of building a mutual plant given they are right next door to each other.
HRZ is cheaper than BC8 on a few crude measures: price/book value, ev/ozs, and HRZ is already contract mining and toll treating.
 
HRZ ticking up higher.. now @ .175c with market depth/chart quite bullish for potential move to .20c+ imo

Cheers tela :)
 
HRZ now @ .18c +5.88%
market depth looking quite healthy/bullish
125 buyers for 6,368,856 units vs 35 sellers for 2,240,737 units

Cheers tela
 
Horizon Minerals Ltd (ASX:HRZ) will use $16 million raised in a heavily oversubscribed placement to complete its largest-ever exploration program in the prolific gold producing region around Kalgoorlie-Boulder in the heart of Western Australia's Goldfields.

The company is highly encouraged by the strong support for the placement after receiving commitments for 115 million shares at 14 cents per share with funds also to be allocated to long-term mine and mill development studies.

Proceeds from the placement and existing cash reserves will be used for the accelerated reserve conversion and resource growth exploration drilling program, which will begin in the current quarter.

"Growing mid-tier production business”
Managing director Jon Price said: “What a great time to be building a West Australian gold company.

“We are committed to growing a sustainable mid-tier gold production business in the heart of the WA Goldfields and the strong support shown for the company by numerous new, high-quality Australian and international institutions, in addition to our strong existing shareholder base is clear validation of this strategy.

“Upon completion of this capital raising Horizon will be fully funded to complete its largest-ever exploration program, focused on reserve conversion, resource growth and testing new discovery targets with over 70,000 metres of drilling in this prolific gold producing region.”

Overwhelming investor support
The company received overwhelming support from new and existing Australian and international institutional and sophisticated investors and is now set to undertake:

  • The completion of a large-scale 70,000-metre drilling program focused on reserve conversion, resource growth and testing a number of high-priority new discovery targets across the portfolio;
  • Completion of the consolidated feasibility study targeted for the June 2021 quarter;
  • Pursuing further regional consolidation opportunities within a 75-kilometre radius of a proposed standalone processing facility at the Boorara gold mine; and
  • Additional exploration activities across the company’s extensive 850 square kilometre landholding.
New discovery drilling will also be conducted across the portfolio, including the newly granted Yarmany and Lakewood prospect areas and the exciting Kanowna South target where limited modern exploration has been conducted in the last 20 years.

Advancing feasibility study
Price continued: “In addition, the company will advance the consolidated feasibility study evaluating the longer-term production profile inclusive of the establishment of a standalone processing plant at the Boorara mine site.

“The board would like to welcome our new shareholders to the Horizon register and thank our existing holders for their ongoing support.

“We are looking forward to the next phase of this exciting journey.”

In addition, Horizon is continuing to aggressively pursue further regional consolidation opportunities within trucking distance of the proposed Boorara Mill, 10 kilometres east of the City of Kalgoorlie-Boulder.
 
Maybe HRZ will get a bid from Northern Star (NST) one day? Just idle speculation, but NST put out its resources update yesterday and the Kalgoorlie ops (excluding the KCGM super pit that NST holds with SAR) is the only part that is diminishing its reserves and only has about 3-4 years left. Kalgoorlie ops does have an exploration budget and something might arise from that but I sometimes think that maybe Black Cat's tenements (BC8) are just a stone's throw away from the Kanowna mill, but HRZ's tenements look even closer.
 
finicky said:
Black Cat's tenements (BC8) are just a stone's throw away from the Kanowna mill, but HRZ's tenements look even closer.
Click to expand...
Actually that last bit's wrong, just checked the map, BC8's tenements are closer to the Kanowna mill than HRZ's. However both are close and very easy trucking distance.
On another note it is off putting to me that HRZ continues to rapidly inflate the share supply, that's one thing BC8 has over it.
 
Telamelo said:
Horizon Minerals Ltd (ASX:HRZ) will use $16 million raised in a heavily oversubscribed placement to complete its largest-ever exploration program in the prolific gold producing region around Kalgoorlie-Boulder in the heart of Western Australia's Goldfields.

The company is highly encouraged by the strong support for the placement after receiving commitments for 115 million shares at 14 cents per share with funds also to be allocated to long-term mine and mill development studies.

Proceeds from the placement and existing cash reserves will be used for the accelerated reserve conversion and resource growth exploration drilling program, which will begin in the current quarter.

"Growing mid-tier production business”
Managing director Jon Price said: “What a great time to be building a West Australian gold company.

“We are committed to growing a sustainable mid-tier gold production business in the heart of the WA Goldfields and the strong support shown for the company by numerous new, high-quality Australian and international institutions, in addition to our strong existing shareholder base is clear validation of this strategy.

“Upon completion of this capital raising Horizon will be fully funded to complete its largest-ever exploration program, focused on reserve conversion, resource growth and testing new discovery targets with over 70,000 metres of drilling in this prolific gold producing region.”

Overwhelming investor support
The company received overwhelming support from new and existing Australian and international institutional and sophisticated investors and is now set to undertake:

  • The completion of a large-scale 70,000-metre drilling program focused on reserve conversion, resource growth and testing a number of high-priority new discovery targets across the portfolio;
  • Completion of the consolidated feasibility study targeted for the June 2021 quarter;
  • Pursuing further regional consolidation opportunities within a 75-kilometre radius of a proposed standalone processing facility at the Boorara gold mine; and
  • Additional exploration activities across the company’s extensive 850 square kilometre landholding.
New discovery drilling will also be conducted across the portfolio, including the newly granted Yarmany and Lakewood prospect areas and the exciting Kanowna South target where limited modern exploration has been conducted in the last 20 years.

Advancing feasibility study
Price continued: “In addition, the company will advance the consolidated feasibility study evaluating the longer-term production profile inclusive of the establishment of a standalone processing plant at the Boorara mine site.

“The board would like to welcome our new shareholders to the Horizon register and thank our existing holders for their ongoing support.

“We are looking forward to the next phase of this exciting journey.”

In addition, Horizon is continuing to aggressively pursue further regional consolidation opportunities within trucking distance of the proposed Boorara Mill, 10 kilometres east of the City of Kalgoorlie-Boulder.
Click to expand...
Well worth reading.. https://kalkinemedia.com/au/stocks/...bonanza-with-solid-gold-exploration-potential
 
Horizon Minerals (HRZ) has commenced +70,000m drilling/exploration program!

Managing Director Mr Jon Price said:
“We are pleased to be commencing the Company’s largest ever drilling program which will feed into our reserve and resource growth plans as part of the Feasibility Study for the larger scale development supporting a proposed stand-alone processing plant at Boorara.”

“In addition, the Company has refined a suite of walk up new discovery targets that will be tested as we continue the search for new large scale deposits in this prolific gold producing region.”

“Horizon is now well funded, producing gold and generating cash, assessing a larger scale production profile and exploring for growth and new discoveries.”

--from Announcement released this morning
 
Telamelo said:
Horizon Minerals (HRZ) has commenced +70,000m drilling/exploration program!

Managing Director Mr Jon Price said:
“We are pleased to be commencing the Company’s largest ever drilling program which will feed into our reserve and resource growth plans as part of the Feasibility Study for the larger scale development supporting a proposed stand-alone processing plant at Boorara.”

“In addition, the Company has refined a suite of walk up new discovery targets that will be tested as we continue the search for new large scale deposits in this prolific gold producing region.”

“Horizon is now well funded, producing gold and generating cash, assessing a larger scale production profile and exploring for growth and new discoveries.”

--from Announcement released this morning
Click to expand...

"Freshly minted WA gold producer Horizon Minerals HRZ wants to dust off the high-grade Nimbus silver-zinc project to take advantage of higher prices.

Nimbus — adjacent to the company’s Boorara gold mine near Kalgoorlie — produced 3.6 million ounces of silver grading 352 grams per tonne (g/t) of ore between 2003 and 2007.

But with a current in-ground resource of 20.2 million ounces of silver and ~100,000 tonnes of zinc there’s plenty of opportunity here for divestment, joint venture, or standalone development.

Several ‘expressions of interest’ from third parties are currently under review, Horizon says.

“With silver and zinc prices showing sustained increases in recent times, the company is now assessing all options to create value from this historically successful mining operation at Nimbus,” managing director Jon Price says.

“We see significant opportunity to develop the high-grade lodes at Nimbus either on a stand-alone basis or in joint venture with an expert group.

“There [also] remains potential for the project to grow in scale and quality with further exploration beyond the current mineralised envelopes.”

DYOR .. Cheers tela
 
Horizon says it has also already received several expressions of interest from third parties to either acquire or farm in to Nimbus and will look at all available options for the silver-zinc project that offer value for shareholders, while it continues to advance the Boorara gold project.

https://thewest.com.au/business/pub...eighs-up-nimbus-silver-zinc-options-c-1264680

"Our tenure surrounds the Super Pit in Kal and the majors are our neighbours, so there is also potential corporate activity whether we are predator or prey.

"Either is fine as long as shareholders get a good return on their investment; that is why we are here."

https://www.miningnews.net/resource.../1393755/new-horizon-beckoning-for-gold-miner
 

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