Maritana Secures Funding and Confirms Strong Economics for Black Swan Gold Hub

The latest announcement is out from Horizon Minerals Ltd ( (AU:MRT) ).

Maritana Minerals has confirmed a robust standalone gold development at its Black Swan Processing Hub near Kalgoorlie, outlining a 2.2Mtpa operation targeting about 102,000 ounces of gold per year over an initial five-year mine life. The project delivers strong economics with pre-tax NPV of $631 million, an 83% IRR and low pre-production capex of about $160.5 million, leveraging existing infrastructure and targeting construction in mid-2026 and first gold by mid-2027.

During the quarter, the company upgraded its gold inventory to 34.32Mt at 1.7 g/t for 1.88Moz in resources and 214koz in reserves, supported by high-grade drilling at Burbanks and 460kt of ore stockpiles at Boorara to de-risk mill start-up. Maritana also strengthened its balance sheet with a $175 million capital raising, a $35 million divestment of Lake Johnston, cash of $233.5 million post quarter, and enhanced market profile through a name change from Horizon Minerals and inclusion in the S&P Dow Jones All Ordinaries Index.

The most recent analyst rating on (AU:MRT) stock is a Buy with a A$1.95 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:MRT Stock Forecast page.

More about Horizon Minerals Ltd

Maritana Minerals Limited is an Australian gold and multi-commodity developer focused on the Kalgoorlie and Coolgardie regions of Western Australia. The ASX-listed company holds 1.88 million ounces of gold resources and the 20.2Moz Ag Nimbus silver-zinc project, and is advancing the Black Swan Processing Hub as its cornerstone near-term gold production asset.

Average Trading Volume: 1,417,476

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$297.5M

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