Horizon Gold (HRN) Q3 2026 TU earnings summary

Executive summary

• Significant gold intercepts returned from Kingfisher drilling, including 4m @ 11.35g/t Au and 18m @ 1.09g/t Au, confirming and extending high-grade mineralisation down plunge to the north.

• Deep infill and extensional drilling at Kingfisher and Omega prospects underway, with additional resource expansion at Eagle South and Goldfinch; assays pending for Omega, Eagle South, and Goldfinch.

• Feasibility Study for Gum Creek Gold Project progressing on schedule for completion in H1 CY2026, with all major technical and environmental studies completed.

• Appointment of Scott Williamson as CEO and MD effective 2 February 2026, with Leigh Ryan moving to General Manager - Exploration.

Financial highlights

• $30 million capital raising completed: $20 million via private placement and $10.18 million through a non-renounceable entitlement offer.

• Cash at hand at 31 March 2026 was $20.1 million, prior to receipt of entitlement offer funds in April.

• $2.56 million spent on exploration and evaluation activities during the quarter.

• Net cash from financing activities for the quarter was $18.7 million; net cash used in operating and investing activities was $2.98 million.

Outlook and guidance

• Feasibility Study for Gum Creek remains on track for H1 CY2026 completion, aiming to establish a robust, stand-alone gold operation.

• Expanded 80,000m exploration drilling program planned for CY2026, funded by recent capital raising.

• Goldfinch maiden resource due for completion in Q3 2026.