Horizon poured the first gold bar from its Phillips Find gold project in Western Australia earlier this week.
Horizon managing director and chief executive officer Grant Haywood said the milestone is a significant one for both the Horizon team and its shareholders.
“This follows pouring our first gold bars and receiving revenue from our Boorara gold project last month,” Haywood said.
“We are excited to build on this success as we continue ramping up production at Phillips Find and Boorara to generate value in a very high gold price environment.”
Horizon has entered into a toll milling agreement with FMR Investment Greenfields Mill for the processing of 200,000 tonnes of ore from February to June 2025.
The milestone follows Horizon hauling first ore from Phillips Find earlier in February. Mining continues to be well advanced at the site, with 800,000 bank cubic metres mined from the Newminster and Newhaven open-pits to date.
“We are now fully manned up and the team has been making good progress,” Haywood said.
“We look forward to the next phase as we advance towards first gold production from Phillips Find and continue generating value for our shareholders in this high gold price environment.”
Processing of the first 40,000 tonne stockpile is expected to be processed over the next two weeks.
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