Horizon Gold Limited has provided an update on its Gum Creek Gold Project in Western Australia, noting that the Feasibility Study is progressing well and remains on track for completion early in 2026. The company has completed resource block modelling on all key deposits and is now advancing geotechnical and pit optimisation work based on a gold price of A$4,500 per ounce. Concurrently, the project team is working on an updated Mineral Resource Estimate, scheduled for the final quarter of 2025, which follows the current reported resource of approximately 44.45 million tonnes at 1.50 grams per tonne gold, including an indicated portion of about 28.19 million tonnes at 1.48 grams per tonne. The exploration programme is set to intensify with 4,400 meters of resource expansion drilling beginning before the end of August. This work, planned between the Swan-Swift and Kingfisher deposits, aims to convert shallow supergene gold mineralisation into open-pittable resources. Alongside the resource expansion drilling, deep diamond drilling is slated to commence in mid-September with a focus on high-priority targets situated down plunge from previous high-grade intercepts. These targets include historical results of 15 meters at 28.5 grams per tonne gold at the Kingfisher prospect and 30 meters at 21.1 grams per tonne at the Omega prospect. The planned drilling is expected to not only extend the potential mine life beyond the ten years projected by previous studies but also enhance the project’s attractiveness for underground mining operations. Aside from core drilling activities, the project is advancing essential infrastructure work. Site layout has been developed and process design engineering is underway with the aid of 3D modelling and LiDAR data. Environmental assessments, including flora and fauna surveys, have been extensively carried out. Additional water bore drilling and pump tests are scheduled for completion before the end of August to support the development of a comprehensive site-wide water balance model. Bullish sentiment arises from the optimism surrounding Horizon Gold Limited’s strategic exploration activities and advancing feasibility study, coupled with sustained high gold prices reinforcing the economic prospects of the Gum Creek project. The scheduled drilling programmes could unlock additional resources and extend the operational life of the mine, potentially driving long-term value for investors. Conversely, bearish sentiment is linked to the inherent risks associated with exploration and the forward-looking nature of the study. Delays in completing outstanding test work for tailings and carbon adsorption, as well as uncertainties related to environmental approvals and market fluctuations, could impact project timelines and cost estimates. Investors should monitor ongoing technical assessments and site progress as key indicators of the project’s future performance.