• Black Swan Processing Hub studies progressed, upgraded from 1.5Mt/annum to 2.2Mt/annum
• Successful completion of Open Pit mining at Boorara and Phillips Find Projects
• Ultra high-grade results from Burbanks drilling, including 0.3m @ 5,848g/t Au

Horizon Minerals Limited (ASX: HRZ) reported on its activities for the quarter ended 31 December 2025. Key highlights included progress on the Black Swan Processing Hub, with studies upgraded from 1.5Mt/annum to 2.2Mt/annum, and the safe completion of Open Pit mining at the Boorara and Phillips Find Projects. At Boorara, the company mined 208kt of ore at 1.14 g/t Au, processing 120kt at 1.09 g/t Au for 3,873oz of gold. At Phillips Find, 132kt of ore was delivered at 1.74 g/t to a third-party processing plant. The company also reported exceptional drilling results at the Burbanks project, including an ultra high-grade intercept of 0.3m at 5,848 g/t Au. Other key activities included the completion of the Gordons Dam Project acquisition, the divestment of the Lake Johnston Project, and the appointment of a new General Manager of Corporate Development.