HRZ 2.70% 3.6¢ horizon minerals limited

Broadway, page-8

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    From the March Quarterly -

    HIGHLIGHTS
     Mining, ore haulage and toll treatment completed successfully at the Teal gold mine
     Transitional ore mined from Teal Stages 1 and 2 for the Quarter totalled 51,600t at a mine predicted grade of 2.54g/t Au for 4,200 ounces mined
     Two milling campaigns completed successfully at the Lakewood toll milling facility with final bullion shipped in April for refining and sale in early May
     Gold production for the Quarter of 6,737 fine ounces at C1 costs of $923/oz1 and an AIC of $1,087/oz2
     A$11.5 million received from gold sales during the Quarter at an average gold price of A$1,701 per ounce

    JUNE QUARTER ACTIVITES
     Working toward a resolution of a cost variation claim received during the March Quarter from mining contractor Resource Mining Pty Ltd
     Ongoing exploration and new discovery drilling at Teal and Anthill
     Drilling results from the Teal gold project area
     Richmond Vanadium metallurgical test work results on ore pre-concentration
     Goongarrie Lady Feasibility Study completion
     Anthill scoping study completion and development options review
     Stakeholder engagement and drill program planning for the Lilyvale vanadium prospect

    My take on the situation is that the next mining could be TEAL 3 or Goongarrie Lady

    They stopped mining when they completed Teal 1 and Teal 2.

    We are due for news on several fronts this quarter (this coming week I guess).
 
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