Horizon Gold (HO0) Earnings Call Presentation

Project Overview - The Gum Creek Gold Project boasts a large-scale, high-grade gold asset in Western Australia, a tier-1 mining jurisdiction[9] - The project has a total resource of 44.5 million tonnes at 1.50 g/t Au for 2.14 million ounces of gold, with 63% classified as Indicated resources[10, 12] - A positive Scoping Study confirmed the potential for a standalone operation at a gold price of A$2,900 per ounce[10] Resource and Exploration - The Gidgee Shear Zone hosts 886,000 ounces of gold at 1.53 g/t, with 60% classified as Indicated resources, adjacent to the Gidgee mill[10, 18] - The Howards deposit contains 267,000 ounces of gold, with 80% classified as Indicated resources, located 27km SE of the Gidgee mill[10, 23] - Resource growth has been significant, increasing from 1.36 million ounces in February 2021 to 2.14 million ounces in May 2023[26] Economic Viability - The March 2024 Scoping Study indicates a pre-tax NPV8 of A$548 million and a pre-tax IRR of 45.8% at a gold price of A$3,300 per ounce[43] - The Scoping Study projects an annual gold production of 84,000 ounces and a Life of Mine (LoM) gold production of 888,000 ounces[43] - The project has a payback period of 2.1 years and a LoM EBITDA of A$904 million at a gold price of A$3,300 per ounce[43] Development and Corporate - A Feasibility Study is on track for completion in the first half of calendar year 2026, focusing on open pit mining of free-milling resources on granted mining leases[9, 48] - As of June 30, 2025, the company had a market capitalization of A$73.1 million, with A$0.5 million in cash and A$0.5 million in debt[49] - Horizon Gold Ltd's EV/Resource is A$34.3, which compares favorably to peers[55]