Horizon Minerals Ltd (ASX:HRZ) has recently disclosed a strategic four-phase plan aimed at establishing gold production near Kalgoorlie, Western Australia. This initiative comes at a time when gold prices are reaching record highs, presenting a lucrative opportunity for the company. 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, short-term development and feasibility studies at the Boorara project, and a strategic merger with Greenstone Resources.
The first phase of Horizon's blueprint focuses on the Cannon and Pennys Find underground mines, which are poised to offer near-term mining opportunities. The company plans to utilize existing infrastructure and resources to advance the Kalpini open pit in parallel. This dual approach underscores Horizon's commitment to maximizing its resource endowment efficiently.
Further strengthening its portfolio, Horizon will conduct short-term development and feasibility studies at the Boorara project. The merger with Greenstone Resources is anticipated to introduce high-grade, near-term mining opportunities in the Coolgardie region, significantly expanding Horizon's resource base. This merger is a pivotal component of Horizon's strategy to enhance its production capabilities and market presence.
Haywood highlighted the company's careful and methodical approach to negotiations and approvals, ensuring that development assets progress steadily towards sustainable gold production. By capitalizing on favorable market conditions and leveraging its extensive resource endowment, Horizon Minerals is positioning itself as a key player in the Western Australian gold mining industry. For more information on Horizon Minerals Ltd, visit https://www.horizonminerals.com.au.
