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Gum Creek Gold Project, WA

Horizon Gold Limited (HRN) | Open Pit DFS and maiden Ore Reserve | Released 22 Jul 2026

Mine life
10 years
Initial mine life (LOM)
Strip ratio
9.6
LOM
NPV
A$1,307m
Pre-tax, NPV5, A$5,500/oz
Capex
A$350m
Pre-production, incl. contingency

Inferred share: Inferred 6% of production target ounces

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Inferred 6% of production target ounces | Overall wall angles 38° to 51°; batter 50° to 70° | Dilution 8.4% to 23.0%, mining recovery 94.5% to 99.5% | Mining and Ore Reserve by Auralia

Also in the release

Feed grade 1.19 g/t Au at 2.4Mtpa, plant recovery 91.5%. AISC A$2,995/oz. Post-tax NPV5 A$894m. Gold price A$5,500/oz; first gold scheduled for H2 2028.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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