• Spectacular hit of 0.3m at 5,848g/t Au from 259.17m depth
• Significant intercepts including 0.96m @ 1,762g/t Au and 0.51m @ 14.93g/t Au
• Drilling confirms exceptional grade potential and resource expansion potential

Horizon Minerals has reported ultra high-grade drill results from the Phase 1 drill program at its 100% owned Burbanks gold project, located 9km south of Coolgardie in the Western Australian Goldfields. Highlights include a spectacular hit of 0.3m at 5,848g/t Au from 259.17m depth, within an overall intercept of 0.96m @ 1,762g/t Au. Other significant results include 0.51m @ 14.93g/t Au, 0.39m @ 4.31g/t Au, 0.86m @ 6.53g/t Au and 1.48m @ 1.54g/t Au. The drilling has significantly improved continuity and confirmed the exceptional grade potential of the system, which underpins Horizon's strategy to increase high-grade, high margin feed to its 100% owned Black Swan processing plant. The Phase 1 program is targeting infill and extensional drilling, with a Phase 2 program of 15,000m of extensional drilling planned for early 2026. The updated Mineral Resource Estimate is expected in the June 2026 quarter, followed by Ore Reserve studies.

Horizon plans to continue reporting assay results from the Phase 1 drilling program as they become available, with all results expected by the end of March 2026 quarter. This will enable the completion of an updated Mineral Resource Estimate in the June 2026 quarter, which will then be followed by Ore Reserve studies.