Horizon Minerals Pours First Gold at Phillips Find, Strengthening WA Production Pipeline

Horizon Minerals (ASX:HRZ) has successfully poured its first gold from the Phillips Find project in Western Australia, marking a key milestone for the company, The West Australian has reported.

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The ore, mined from Phillips Find, located near Kalgoorlie, was processed at FMR Investments' Greenfields mill under a toll milling agreement. The company plans to process 200,000 tonnes of ore over four months, expecting to yield nearly 15,000 ounces of gold.

The Phillips Find project, approved in August 2024, is being developed in partnership with BML Ventures, with mining at the Newhaven and Newminster pits progressing on schedule, according to the news report. This achievement follows Horizon’s recent gold pour at its Boorara project, positioning it as Australia’s newest gold producer in 2025. The company aims to establish a sustainable gold production pipeline, with projects like Penny’s Find and Cannon nearing final investment decisions.

Horizon’s progress comes amid strong gold prices, which have risen over 11 percent this year to around US$2,925 (AU$4,605) per ounce. With a mineral resource of 1.8 million ounces across its projects, the company is focused on expansion and increasing shareholder value.

The West Australian reported these developments reinforce Horizon’s strategy to enhance cash flow and build long-term production capacity.

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