https://www.miningweekly.com
Gold|Mining|PROJECT
Gold|Mining|PROJECT
gold|mining|project

Horizon strikes out on its own at Nimbus

11th February 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) - Gold developer Horizon Minerals has taken the decision to advance its Nimbus silver/zinc project, in Western Australia, following a strategic review.

The company told shareholders that while several acquisition and earn-in proposals had been received and carefully considered for the Nimbus project, the board had elected to retain the project and engage an independent technical team to complete a definitive feasibility study (DFS).

“While the company’s focus remains firmly on gold, the strategic review has confirmed the potential for significant long-term shareholder value creation by retaining the asset at a time of sustained improvements in silver and zinc prices,” said Horizon MD Jon Price.

“The independent DFS team will now focus on the technical aspects and economic evaluation of mining the high-grade lodes and producing a high precious metal and zinc concentrate at site for sale to potential offtake partners.”

The Nimbus project currently has a mineral resource estimate of 12.1-million tonnes grading 52 g/t silver for 20.2-million ounces of silver, and 0.9% zinc for 104 000 t of contained zinc.

The project, which is some 15 km from Kalgoorlie-Boulder, historically produced some 3.6-million ounces of high-grade silver.

Edited by Creamer Media Reporter

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.122 0.165s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: