Horizon Minerals Limited announce an updated Mineral Resource Estimate (MRE) for the Crake project located within the 100% owned Binduli gold project, located 9km west of Kalgoorlie-Boulder in the heart of the Western Australian goldfields. Crake is one of six core open pit and underground satellite gold projects being advanced to complement the baseload Boorara gold project as part of the consolidated Feasibility Study to deliver a minimum five-year initial mine plan and underpin the establishment of a stand-alone processing facility at the Boorara mine site. RC and diamond infill and extensional drilling was completed in the December 2020 and March 2021 quarters with all data now incorporated into the geological model for the updated Mineral Resource Estimate. The new model will now be used to generate a maiden Ore Reserve for Crake and is expected for completion in the December Quarter 2021. The geology at Crake is similar to the 390,000oz Janet Ivy open pit, located approximately 1,500m to the south, where the structurally controlled gold is hosted in a feldspar porphyry. At the nearby Fort William and Fort Scott open pits, where over 100,000oz have been produced to date, gold is hosted within sheared units of volcanics and clastic sediments. At Crake, the gold mineralisation strikes NW and dips shallowly to the SW with a poorly developed southern plunge. The gold lodes are generally tabular shaped and 3m to 5m thick but can be stacked to 50m in thickness. High grade zones appear to result from intersecting structures. The Crake drilling focussed on a mineralised, variably altered pink porphyry with minor amounts of pyrite and magnetite. Higher grades usually coincide with stronger pyrite mineralisation (up to 3% by volume). There is little correlation between gold and magnetite. The 2020/21 follow up drilling program was designed to extend the mineralised envelope along strike and at depth and to infill to improve geological confidence within the block model.