• Mineral Resources of 34.32Mt at 1.7 g/t Au for 1.88Moz gold
• Underpinned by the large cornerstone Boorara and Burbanks assets
• Changes include mining depletion and review of reasonable prospects of economic extraction

Horizon Minerals Ltd is pleased to announce an updated mineral resource statement for its Gold Assets. The total Mineral Resources now stand at 34.32Mt at 1.7 g/t Au for 1.88Moz gold, underpinned by the large cornerstone Boorara and Burbanks assets. Changes to the Company's Gold Mineral Resources include mining depletion at Boorara and Phillips Find, as well as a review of the reasonable prospects of economic extraction across several deposits, including Kalpini, Crake, Coote, Golden Ridge North, Jacques-Peyes and Gordons Dam. The sustained uplift in the gold price has brought previously marginal lower-grade tonnages into the economic envelope, allowing the Company to redeliver a meaningful uplift in total resource ounces by redefining cut-off grades. This positions Horizon with a more robust platform for future development, with the increased inventory to be incorporated directly into the upcoming Black Swan study.

The Company's substantial Gold Mineral Resource base, together with ongoing technical studies, underpins a development profile targeting sustained gold production and continuous cashflows.