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Horizon Minerals Ltd ( (AU:HRZ) ) has shared an update.
Horizon Minerals has revised the timeline for completing feasibility work on converting the Black Swan nickel processing plant into a gold plant and finalising a Life of Mine plan. The pre-feasibility study and associated mining studies to support at least a five-year operation at 1.5Mtpa are largely complete, but recent gold price strength and the prospect of a mine life beyond five years have prompted the company to run additional scheduling scenarios at the plant’s higher nameplate capacity of 2.2Mtpa, pushing delivery of the study into the first half of the March 2026 quarter and signalling potential for a larger, longer-duration operation than originally envisaged.
The most recent analyst rating on (AU:HRZ) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Limited is an Australian gold-focused resources company listed on the ASX, working to refurbish and repurpose existing processing infrastructure to support its gold mining operations and extend mine life in Western Australia.
Average Trading Volume: 934,946
Technical Sentiment Signal: Buy
Current Market Cap: A$203.4M
For detailed information about HRZ stock, go to TipRanks’ Stock Analysis page.