Pinned straw:
17th December 2025: Ultra High-Grades Returned in Burbanks Phase 1 Drilling.PDF
Gotta love that visible gold, eh?!
Excerpt:
Sure it's only a foot long (0.3 metres), but 5,848 grams per tonne of gold... There's Bonanza grades, and then... well, they've called it "Ultra High-Grades". That'll do.
Market liked it - they were bid up +9.14% today, but the SP has been very choppy lately and they're still well below their highs.
They've just done a capital consolidation on a fifteen (15) to one (1) basis, so they're currently trading under HRZDB instead of the usual HRZ ticker code, because they are trading on a deferred settlement basis. Interestingly, Strawman.com (this website) accepted my buy trade for HRZ today even though HRZ isn't trading as HRZ and it did not recognise HRZDB, and my buy trade here did not go through despite my buy price being higher than their closing price, but they'll be trading as HRZ again soon and the trade may go through at that point, perhaps... if they haven't closed higher than my buy price in the meantime.
So while Horizon Minerals' share price is still well below recent all-time highs (as shown on that graph above), the same can't be said about the US$ gold price which is now within spitting distance of setting a new all-time high (as shown below, right side):
The uptrend continues.
Here's a sample of some of the best performers across the Aussie Gold Sector on Wednesday:
And those are just the 21 gold companies that closed up by over +5% today. Lots of project developers near the top of that list. There's money flowing into companies that are lower quality and higher risk because the major producers look fully priced to many. It doesn't stop those producers from making new highs, but the argument is that the smaller companies could have greater gains, so people are thinking they could get more bang for their bucks with project developers and emerging producers now.
HRZ is one of those, and I do hold them with a position that has a current weighting of 0.93% of my total sharemarket investments; they are a small position held in my speccy portfolio only. I've trimmed the position to lock in some profits already - when their SP was higher than where they closed today. My average buy price was 76.5 cps (adjusted for their recent 15:1 share consolidation).
Nice gold hits reported today but it's all about Black Swan with HRZ - getting that mill converted from nickel to gold and then getting it commissioned and running at nameplate capacity is what is going to substantially derisk HRZ from here, and that is going to take some time, but they've got GNG on the case and they're moving forward at a good rate I reckon. I may tip more into this one when they get close to producing their own gold instead of getting it toll treated at other companies' mills.
Monday 22nd December 2025: On a very positive day across the gold sector, Horizon Minerals is head and shoulders above the pack in terms of being up over +20% so far today. In fact earlier today they got up to $1.25/share which was a new 52-week high for them:
Below is a snapshot of the biggest moves across the Aussie gold sector around half an hour ago, with HRZ firmly at the top - the companies are listed in descending order of today's share price rises in percentage terms (up until the time the screenshot was taken - i.e. about 1:50pm Sydney time), from the best % rises on down. This is just the top part of my watchlist but it's worth noting (IMO) just how many emerging producers (like HRZ) and project developers (also HRZ) are making greater daily share price gains (in percentage terms) than a lot of the much larger well-established gold producers like RMS, RSG, WGX, GMD and NEM (who all do make the list below). For context, Australia's largest two goldies, NST and EVN were up +3.5% and +2.85% respectively. [NEM is there below because it's still considered part of the Aussie Gold Sector for some reason, even though it's a US company]
The Gold price is up by only +0.6% to +0.7% (see below), but making new all time highs in US Dollars:
Google: The gold price has reached a new all-time nominal high in the last 24 hours, surging to approximately US$4,383.73 per ounce on Monday, December 22, 2025. This surpasses the previous record of around US$4,381.52 set in October of this year.
The current live spot price is near this record high, influenced by:
- Expectations of further US Federal Reserve interest rate cuts.
- Sustained demand for gold as a safe-haven asset amid global geopolitical tensions.
- A weaker US dollar, making the metal more affordable for buyers using other currencies
Thanks Google. I'm thinking that global geopolitical tensions is a big one, like Trump intercepting and seizing a third Venezuelan oil tanker (source: https://www.abc.net.au/news/2025-12-22/us-intercepting-third-venezuelan-oil-tanker/106169160) and the bombing Syria (source: https://www.abc.net.au/news/2025-12-20/us-strikes-dozens-of-islamic-state-targets-in-syria/106165794) and blowing up fishing boats that are suspected of transporting fentanyl to the US - with zero proof - and killing all of the survivors. Anything to distract from those pesky Epstein files.
I maintain what I have said a couple of times here - Trump is bad for the USA, very bad for the rest of the world, but good for a rising gold price.
And when he was elected for the second time, I increased my exposure to the Aussie gold sector even further.
I'd never vote for him if I was a US citizen, but it is what it is, and these are the times we live in, so gold continues to be a good way to play Trump, in my opinion.
And there is still clearly money moving down to the smaller players, including gold project developers and emerging producers.
Thanks @Arizona. Could be a few things driving that +28.3% SP rise today @tomsmithidg including:
- They just completed a share consolidation last week so they are no longer a penny stock and they will now be considered as a possible investment opportunity by some people - including some fundies - who tend to avoid penny stocks. They closed at $1.27 today, which pre-share-consolidation would have been 8.5 cents/share, and they were trading well below 10 cents/share during this year - below 5 cents/share for some of it - their share price graphs will have been adjusted now to reflect the share consolidation so when looking at their graph, for the actual real prices prior to the consolidation, you have to divide the graph price by 15 to get the actual prices that they closed at on those days. The short version of that is that they are far more likely to be taken seriously by a larger group of potential investors now with a share price up around $1 and over $1 than they were a few weeks back when their share price was between 4 and 9 cents (this calendar year prior to the recent share consolidation).
- They released a ripper announcement on Wednesday of last week - 17th December 2025: Ultra High-Grades Returned in Burbanks Phase 1 Drilling.PDF and that was on the back of announcing on December 8th that they had executed a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group - They said: The Marlinyu Ghoorlie Native Title Claim area covers the majority of the Horizon’s tenure in the eastern goldfields region of WA, overlapping approximately 240 tenements and 90% of the Company’s land package by area. This agreement provides a solid framework of cooperatively working together to identify and protect Aboriginal Cultural Heritage at Horizon’s projects whilst allowing the Company to advance its pipeline of projects to feed the Black Swan processing facility.
- A small cap fundie might have been building a position or increasing their position in HRZ and perhaps someone caught wind of that and spread the news among some mates, and/or the trend followers piled on when they saw it rising on no news. The FOMO trade.
- The gold price made a new all-time high in US$ in the last 24 hours and because of that it was a very good day across the gold sector, and the developers and emerging producers are getting much more love now, and Horizon is both of those - they are producing already via toll treating at third party mills and they are progressing the refurbishment and modification (upgrade) of the Black Swan nickel mill into a gold mill.
- This next one is minor but probably worth mentioning - HRZ are the third largest land holder in the WA goldfields - around Kal - or they were 6 months ago - they have been selling off a few non-core tenements & assets such as the tenement sale to BC8 announced on December 12th and the Lake Johnson gold mill and tenement sale to Forrestania Resources Limited (FRS) announced on November 14th, so that underlines that they have multiple ways to earn a crust; they are getting some of their ore toll treated and producing gold that way, they are divesting non-core tenements and assets (of which they have a lot - in terms of tenements scattered all around Kalgoorlie - see the two maps below) for cash, and they are using GNG to turn their 100%-owned Black Swan nickel processing plant into a gold mill which they will use to produce their own gold instead of getting it toll-treated (once Black Swan is up and running in 2027) and...
- Horizon Minerals have said that the Pre-Feasibility Study (PFS) currently being completed by GNG, not a Definitive Feasibility Study (DFS), for the Black Swan gold project will be sufficient to make an informed Financial Investment Decision (FID). The full PFS is on track for completion in the December 2025 quarter. Which ends in 11 calendar days, but only 5 trading days from today. Sources: https://www.samso.com.au/post/horizon-minerals-asx-hrz-advancing-the-black-swan-gold-mining-pre-feasibility-study# plus their 2025 AGM Presentation on November 28th. They have said they anticipate making a FID soon after the PFS is completed, so I'm thinking... January? Feb at the latest. See indicative timeline slide below. A positive FID early in 2026 means the work on the mill gets done in calendar 2026 and the mill produces gold from early 2027. That will happen, it's just the timetable that might change. They're not going to buy that Black Swan mill, as they have, spend all of this money on the studies, which they have, sell off their only other mill (Lake Johnston) as they recently did, and then NOT go ahead with the Black Swan mill conversion. They ARE going to convert Black Swan into a gold mill, and it's going to happen in 2026, which is not far away, with production scheduled for early 2027. So HRZ represents gold production now through toll treatment, plus nearer term gold production from their own mill than many other developers who don't have a mill yet. For instance Antipa (AZY) are looking at not producing gold at Minyari Dome before about 2030. Big difference!
- HRZ closed today up +28.28% @ $1.27, which is just back to around where they were on October 17th before they got heavily sold off with the gold price fall that we saw then. So they've just regained that lost ground to be back at just below where they were 9 weeks ago. And the gold price is higher today than it was when they were last at just above this SP level, so HRZ are arguably worth even more today than they were then ($1.29 on October 17th, adjusted for their recent 15 to 1 share consolidation - they actually got up to 9.1 cps intraday on Oct 17th before closing at 8.6 cps, and 8.6 cps is equal to $1.29 post-share-consolidation, while 9.1cps is equal to $1.365 now). You can see on their chart that they are roughly level with where they got to in October (see my previous post for their chart or check it out on the ASX website here).
Source of the 3 slides above (timeline and maps): 2025 AGM Presentation [28-Nov-2025]
Lots of reasons but the shortest answer is that more people wanted to buy HRZ shares than wanted to sell them today I guess.
Disclosure: Held.