Horizon Minerals Ltd (ASX:HRZ) has detailed a strategic four-phase plan aimed at establishing gold production near Kalgoorlie, Western Australia, a move that capitalizes on the current record gold prices. The plan, as outlined by CEO Grant Haywood, includes the development of the Cannon and Pennys Find underground mines, advancement of the Kalpini open pit, and feasibility studies at the Boorara project, alongside a merger with Greenstone Resources.
The first phase focuses on the Cannon and Pennys Find underground mines, targeting near-term mining opportunities. The Kalpini open pit's development will also progress, utilizing existing infrastructure to maximize efficiency. This phase is critical for Horizon Minerals to start generating cash flow from its operations.
Phase three involves short-term development and feasibility studies at the Boorara project, which is expected to add significant value to Horizon's portfolio. The merger with Greenstone Resources is poised to introduce high-grade, near-term mining opportunities in the Coolgardie region, further expanding Horizon's resource base.
Haywood highlighted the company's careful approach to negotiations and approvals, ensuring that each development asset progresses steadily towards sustainable gold production. This strategic plan not only aims to take advantage of the favorable gold market but also positions Horizon Minerals as a key player in the Western Australian gold mining industry. For more information on Horizon Minerals Ltd, visit https://www.horizonminerals.com.au.
