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Horizon Minerals Ltd ( (AU:HRZ) ) has issued an update.
Horizon Minerals has moved to accelerate the gold conversion of its Black Swan Processing Hub near Kalgoorlie by ordering key long lead items, including a pre-leach thickener and new SAG and ball mill motors with variable speed drives. These upgrades are aimed at improving reliability, scalability and throughput in the planned 2.2Mtpa gold processing facility.
Front End Engineering Design studies are underway and expected to be completed within four to five weeks, with the early equipment commitments made ahead of a full EPC contract to keep the project on schedule. The company says these steps materially de-risk construction and support operational readiness for initial ore feed from Boorara, Burbanks and Cannon, marking a critical phase in Horizon’s push to establish the Black Swan hub as a strategic processing asset in the Kalgoorlie Goldfields.
The most recent analyst rating on (AU:HRZ) stock is a Sell with a A$1.00 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 is an Australian gold-focused resources company listed on the ASX and active in the Goldfields region of Western Australia. The company is developing its 100% owned Black Swan Processing Hub near Kalgoorlie as a central facility to process ore from nearby deposits, including Boorara, Burbanks and Cannon, to establish a 2.2 million tonne per annum gold processing operation.
Average Trading Volume: 1,002,031
Technical Sentiment Signal: Hold
Current Market Cap: A$276.9M
Learn more about HRZ stock on TipRanks’ Stock Analysis page.