Horizon joins ranks of Australia’s gold producers
Senior project geologist Jacob Lynch-Harlow (Norton) and Horizon CFO Julian Tambyrajah with the first gold bars poured from the Boorara project.
Junior company Horizon Minerals has marked a major milestone by pouring its first gold bar from the Boorara mine in Western Australia under an ore sale agreement with Norton Gold Fields’ Paddington mill.
The Paddington mill began processing the first stockpile of 56 654 wet metric tonnes, grading 0.8 g/t gold, in early December. Haulage of ore continued throughout December and into January, with the entire initial stockpile now having been delivered to the Paddington mill run-of-mine facility.
By early January, Horizon had met 50% of its delivery schedule and agreed on the first invoice estimate with Norton Gold Fields. Payment for this invoice is expected on or about January 21.
Meanwhile, mining activities at Boorara’s pits 2 and 4 are ongoing, building the next stockpile for haulage.
“We are delighted to become Australia’s newest gold producing company in 2025,” Horizon Minerals CEO Grant Haywood said.
“We have a mineral resource of 1.8-million ounces across our projects and are developing a sustainable gold production pipeline, which includes numerous projects ready for a final investment decision, such as Penny’s Find and the Cannon projects.
“With the cashflow we expect to generate from Boorara and our other advanced projects, we will seek to use this production pipeline to feed a refurbished Black Swan mill after completion of our proposed merger with Poseidon Nickel,” Haywood added.
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