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The Eastern Goldfield explorer's efforts have increased its total resources by 91,000 ounces to 1.24Moz.
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The bulk of that, 69,000oz, comes from the Coote, Baden Powell and Windanya deposits.
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Coote, which is just 500m west of the 66,500oz Crake deposit, in the Binduli camp, 10km outside Kalgoorlie, now contains an estimated 21,000oz grading 1.54 grams per tonne.
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In the Bardoc area, 60km north-east of the city, the Baden Powell and Windanya deposits now contain a combined 48,000oz at 1.2gpt.
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Part of the increase is due to a lower 0.5gpt cut-off.
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In addition, the recent move to 100% of the Penny's Find project from Labyrinth Resources has allowed it double underground resources there to 43,000oz at a lowered 1.5gpt cut-off.
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Horizon managing director Jon Price said the resource growth had been generated with only modest drilling and helped firm the company's plans to resume production using a third-party mill.听
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He noted all the deposits remain open at depth.听
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Horizon raised A$4.5 million at 9c in June to fund its drilling programs.听
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The company shelved plans to advance its Boorara mill development earlier this year due to the uncertain inflationary environment, pivoting to early production opportunities.
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The stock has traded between 6.4c and 15c over the past year, and closed yesterday at 6.8c, valuing it at $42 million.
