Commenting on the Ore Reserve, Managing Director and CEO Mr Grant Haywood said:
“We are very pleased that the independent Ore Reserve has validated our initial work that allows us to move forward with mining at Boorara and bring strong cashflows into Horizon. Our contract negotiations are well advanced and are the final key milestone outstanding in relation to bringing this asset into production.
Horizon has strong optionality within its large resource book of projects, which we aim to develop in conjunction, and following, development of Boorara to be a sustainable gold producer and generate more cash in this strong gold price environmental for the foreseeable future.”
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