Horizon Minerals’ (ASX: HRZ) board has approved the Final Investment Decision for the development of the Boorara Gold Project in Western Australia.
“Mining at Boorara is a significant milestone for the company and will make Horizon the newest gold producer in Australia,” Managing Director and CEO, Grant Haywood, said.
“We take great pleasure in welcoming our new members of Horizon including our business partners Hampton Transport Services and the Norton Gold Fields team who will be processing Boorara ore at Paddington.
“We are focussed on making Boorara a safe and efficient mining operation to create value through generating cash and the first step in sustainable gold production for Horizon.
“We are seeking to unlock the significant latent potential within our extensive portfolio of development assets which hosts a 1.8 million ounce Mineral Resource.
Following the resumption of production at Boorara, we aim to develop other projects in parallel to establish Horizon as a long-term, sustainable gold producer in a favourable gold price environment.”
The proposed mining project is 100% owned and located 15 km east of Kalgoorlie-Boulder, adjacent to the Super Pit in the heart of the Western Australian goldfields.
