Acquisition of Gordons Dam Project by Horizon Minerals Limited, located near Black Swan
Horizon Minerals Advances Gold Pipeline in Western Australia
Horizon Minerals Limited, an Australian gold exploration and mining company, is actively progressing its feasibility studies, mine development plans, and acquisitions to build a robust gold mining pipeline centred around its Black Swan processing hub in Western Australia.
Recently, on August 5, 2025, Horizon announced a binding agreement to acquire the Gordons Dam Project and other nearby assets, strategically located approximately 10 km from the Black Swan plant. This acquisition adds 34 granted mining, prospecting, and exploration licenses spanning about 77 km², including the Gordons Dam Deposit with an established mineral resource of approximately 20,000 ounces of gold.
Key current status and future plans include:
- Feasibility and Study Work: Horizon is undertaking a Pre-Feasibility Study (PFS) aimed at developing a five-year life-of-mine plan for processing through the refurbished Black Swan plant, which is being repurposed with a nominal throughput of 1.5 million tonnes per annum (Mtpa).
- Acquisition and Resource Growth: The recent $2.81 million acquisition added significant resources to Horizon's portfolio. The Gordons Dam Deposit, for instance, has an estimated mineral resource of approximately 20,000 ounces of gold at 1.7 g/t Au grading, open at depth and along strike. Further targets like the Star of Gordon and Malone prospects offer significant exploration upside.
- Strategic Development Approach: Horizon follows a hub-and-spoke development model, leveraging existing Black Swan infrastructure to reduce capital costs, diversify resource sources, and lower operational risks. The company aims to become a standalone gold producer by consolidating regional assets around the Black Swan facility for sustainable multi-year production.
- Mining Pipeline and Funding Strategy: Horizon is developing a pipeline of gold projects close to its plant to generate cash flow and self-fund ongoing exploration, mine developments, and future acquisitions, supporting aggressive growth of its JORC-compliant mineral resources.
- Joint Ventures and Multi-Commodity Exposure: While the focus remains on gold-focused projects around the Black Swan hub, Horizon also has a broader multi-commodity portfolio and collaborates through joint ventures. Notably, Horizon's joint venture partners are investing over $20 million over 5 years.
For media enquiries, please contact Michael Vaughan at [email protected] or +61 422 602 720. Grant Haywood, the Chief Executive Officer of Horizon Minerals Limited, can be reached at [email protected] or +61 8 9386 9534.
It's important to note that Horizon Minerals is situated in the Kalgoorlie and Menzies areas, which host some of Australia's richest gold deposits. The company is focused on these regions in Western Australia.
- The acquisition of the Gordons Dam Project by Horizon Minerals not only adds to its gold reserves but also opens up opportunities for potential partnerships in the finance industry, as the company seeks investors to support its growth.
- As Horizon Minerals develops a pipeline of gold projects near its Black Swan processing hub, it demonstrates its commitment to the gold industry, while also positioning itself to generate revenue that can be used in financial management for other mine developments and acquisitions.
