Horizon Gold (HRN) investor relations material

Executive summary

• Gold prices surged ~40% year-over-year, enhancing the value of marginal deposits and positioning the company to benefit from its advanced Gum Creek Gold Project.

• A Feasibility Study for Gum Creek is underway, focused on free milling gold resources, with completion targeted for H1 2026.

• The company expanded its resource base through drilling and exploration, targeting both open pit and underground mining opportunities.

• Corporate changes and capital initiatives, including a $12 million capital raise and the sale of Alto Metals shares, have strengthened the financial position.

Financial highlights

• Net loss after tax for FY2025 was $972,000, an improvement from a $1,705,000 loss in FY2024.

• Total comprehensive profit for the year was $1,517,000, driven by a $2,489,000 gain on revaluation of equity instruments.

• Cash and cash equivalents at year-end were $503,000, up from $219,000 in the prior year.

• Net assets increased 5% to $33,533,000.

• Market capitalisation rose to $84 million, with a closing share price of $0.58 (up from $0.30 last year).

Outlook and guidance

• Updated Resource Estimate for Gum Creek is expected in Q4 2025, with Feasibility Study completion targeted for early 2026.

• Planned drilling aims to expand shallow oxide resources and test high-grade underground targets, potentially extending mine life beyond 10 years.