Horizon Gold (HRN) Q1 2026 TU earnings summary

Executive summary

• Feasibility Study for Gum Creek Gold Project remains on track for completion in H1 CY 2026, with key groundwater and water balance data collected from 24 water bores across seven prospects.

• Strategic partnership with VRIFY to implement AI-powered mineral exploration platform (DORA) aims to accelerate target generation and resource growth.

• Resource expansion and deep diamond drilling programs are underway at multiple prospects, with results pending.

Financial highlights

• Cash at hand as of 30 September 2025 was $8,229,000.

• $2,580,000 spent on exploration and evaluation activities during the quarter.

• No mining development or production activities conducted during the quarter.

Outlook and guidance

• Feasibility Study completion expected in H1 CY 2026, with draft processing report received and mine design progressing.

• Initial AI prospectivity model for Gum Creek due Q4 2025, with ongoing data integration and target refinement through 2026.