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Horizon Minerals Limited (ASX:HRZ) Quarterly Activities Report 31 March 2022
Horizon Minerals Limited (ASX:HRZ) provide the quarterly activities report for the period ending 31 March 2022.


- Strong Pre-Feasibility Study results and demerger update released for the world class 1.8Bt Richmond vanadium project in northwest Queensland

- Toll milling campaigns from the Boorara open pit low grade stockpiles completed with 98,121t processed in total at a reconciled grade of 0.93g/t generating $1.35m net cash

- Positive Pre-Feasibility Study results released for the high-grade Cannon underground project with evaluation progressing on the Penny's Find and Rose Hill projects for potential sequential development under a contract mining - toll milling model

- CY 2022 exploration drilling program commenced testing multi-commodity targets at Yarmany, Lakewood, the Greater Boorara area and Binduli

- Further excellent gold results received from Golden Ridge including:

o 2m @ 26.11g/t Au from 69m (GRC21007) and 2m @ 20.77g/t Au from 80m (GRC21007)

o 14m @ 3.62g/t Au from 106m (GRC21014)

o 5m @ 8.06g/t Au from 57m (GRC21035)

- First pass drilling at Yarmany intercepts gold, nickel-cobalt-copper and lithium mineralisation with drilling ongoing along the 50km strike zone

- First pass multi-element composite results received south of Golden Ridge with widespread nickel, cobalt, copper and silver mineralisation intercepted

- Excellent resource extension drilling results released from the Crake gold project

- Historic Feasibility Study review and preliminary concentrate option study completed for the Nimbus silver - zinc project

- Divestment of a portion of the Company's listed investments nets $2 million in cash

- Cash at the end of quarter of A$3.8 million and listed investments totalling A$7.5 million

*To view the quarterly report, please visit:

Jon Price 
Managing Director
T: +61 8 9386 9534 

Michael Vaughan 
Media Relations - Fivemark Partners 
T: +61 422 602 720 

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