Thank you very much. Cheers. All right. I'll try not to speak until they're off the stage, unless they keep talking, and then I might just push them slightly with one of my heels. This man is well-trained. I don't know if I have to say anything to him. This is Scott Williamson, but he's wearing a new, he's got a new color on him now. He's with Horizon Gold. So he's always a happy human being, but he's looked exceptionally happy over the last few days. Not that I've been able to get very close to you, Scott, because there's been people all around you asking questions about the Gum Creek. Gum... Is it the Gum Creek? Not the Gum Creek, the Gum Creek project. So let's make him welcome, and let's hear all about it firsthand. Welcome.
Yeah, thanks, Chrissy. Great to be back at Explorers. A new project to sink my teeth into here. This is the Gum Creek Gold Project. We are the other Horizon, so the-- you can actually buy our stock at the moment. The ticker's HRN, the other Horizon's in trading halt. So tomorrow morning, you'll be able to buy Horizon, HRN, but you won't be able to buy the other Horizon. You can see here an existing gold mine, an international airstrip. So I'm not sure what makes it international, but an asset that has been and operated over 10 years, 10-15 years in a different gold price environment. A really great opportunity to use my background in mining engineering to restart this amazing gold district. So it's a large-scale, high-grade restart.
We've got 2.3 million oz at 1.9 g per tonne , 71% Indicated. We've got two mining areas, the Gidgee Shear Zone, which has 1 million oz, and Howards, which has 0.25 million ounces, so focusing on those two mining areas. Feasibility study due at the end of the half year, so this is a bankable study, so this is ready to build very soon. And we've got an 80 km long underexplored Greenstone Belt, and you can see there where we've got assays pending at Kingfisher, 15 m at close to 1 oz per tonne gold to follow up on. Currently drilling at Omega, 30 m at 20 g per tonne , so significantly underexplored Greenstone Belt, existing mining leases, a prolific gold district. We have six operating mills within 50 km-150 km
So you can see it operated between 1989-2005. It started as an open-pit mine. It mined at around 3.5 g per tonne at about 80,000-100,000 ounces per annum. Then they moved to underground mining. They were mining around 6 g per tonne, and you can see there, all of that mining was done at a gold price of less than $1,000 per ounce. So you can see we are in the Sandstone District. So you can see if you put a triangle across from Meekatharra to Wiluna, down to Sandstone, we sit right in the middle and what is a prolific gold belt. You can see here multi-million ounce gold systems to the east and west and south of us. We've got 80 km of that Greenstone Belt, and it's completely underexplored.
So you can see some of the resources. The focus of the feasibility will be on the two mining areas that are around the existing mining infrastructure at the previously operated Gidgee Mill. So we will be focused on the Gidgee Shear Zone, which includes Swan and Swift and Kingfisher, and Howards, which will be our satellite pit down to the south. So you can see there the existing mill. We will build a new 2.4 million tonne per annum CIL plant. We'll be focusing on free milling open pits to start with. We will remove the old mill. Unfortunately, it's too small. 600,000 tonnes per annum is not going to cut it. We're right next to the Gidgee Shear Zone, which is out here, and that is the flagship cornerstone asset.
So you can see here, the Gidgee Shear Zone is made up of the two main ore bodies, being Swan and Swift. And then down to the south, we have the Kingfisher, which is along that Gidgee Shear Zone, about seven kilometers down to the south. So they make up the three main ore bodies of that Gidgee Shear Zone. So you can see previously operated oxide pits. All the pits are open along strike, so there's a lot of exploration in the oxides along strike. We're also keen to chase these high-grade plungers at depth to look at the underground potential of all of these ore bodies. So you can see, if we move into the wireframes, so this is the Swan and Swift. You can see this is a 1.3 km wide mineralized zone, multiple stack loads.
It's a major mineralized system here. And you can see here, it's just quite a serious ounce per vertical meter, which is very important when you're developing a gold mine. So this is the plan for the 2.4 million tonne per annum CIL plant. We will use, utilize the existing ROM pad. The previous owners have left a little bit of low grade around, which is probably ore these days. So you can see there, we have designed the 2.4 million tonne per annum plant, and the feasibility study is due at the end of the half year. So if we look into that Gidgee Shear Zone, you've got Swan and Swift up to the north, Kingfisher down to the south.
But these ore bodies are linked by structures that have further exploration upside. So we need to now just look along strike of these ore bodies. These will continue to close up. These pits will continue along these strikes for kilometers to come. So if we zoom into Swan and Swift, you can see there's over 700,000 oz a t over 2 g per tonne. Most of that will come into one large open pit at Swan and Swift, and then we'll also look at the underground potential there. Then we go down to Kingfisher. You can see once again a significant ore body, well over 2 g , 2.65 g. A lot of that will come into open pit, but we're also chasing the down plunge extension of the Kingfisher ore body.
We're currently drilling and assay is pending, and that's where we're following up on that ounce per tonne gold hit. So you can see we can hook into the existing underground and be mining underground at Kingfisher quite easily. So if we zoom out, we'll now look at the satellite Howards location. So Howards is down to the south. That's the Gidgee Shear Zone and the existing Gidgee Mill, where we will build the new mill. So down to the south, we have Howards. Howards is a bulk tonnage low strip ratio opportunity. You can see, and it, it's also open in all directions. So you can see over 1.76 km of strike already and plenty more to be found down at Howards also. So this Swan underground is probably what really excites me.
You can see here, the previously mined underground took some of the high grade at shallow, but what we're seeing here is that potential to follow up on this 7.4 m at 60 g, 10.7 at 30. This is a significantly high-grade mineralized system, just hasn't been explored. You can see that the drilling is only down to 300 m or 400 m, so significant upside beyond the open pit mining, which will go for the first seven to 10 years. So the study will just focus on open pit, free milling, and then we also want to show that these ore bodies will go underground, and we can potentially bring the undergrounds in earlier. That could push us beyond 100,000 oz per annum.
So this is a base case of 100,000 oz per annum in open pits, with the opportunity to push with a much higher head grade as we bring in some of these underground opportunities. Currently drilling at Omega, this is an interesting one. Also, a previously operated underground mine, following up on this 30 m at 20, 13 at 10, 10 at 10. So we're currently drilling within meters of those previous intercepts, but also within close proximity to the existing underground workings at Omega. So some exciting exploration upside, particularly in these underground high-grade shoots and... But it's really about the development story. That's why I'm here. I'm really keen to use my background in mining engineering to build and rebuild this Gum Creek Gold Project.
We've got 2.3 million oz of indicated, currently trading about AUD 10-AUD 100 an ounce. Our peers are trading at AUD 200-AUD 300 an ounce, so there's an easy two-bagger just to get to where our peers are at. So yeah, study will come out at the end of the half year. Exploration upside, we've got significant opportunity with these down plunge extents to these high-grade zones. We've got established infrastructure, we've got mining, existing mining leases, which fast-track the permitting process, and we've got the board and technical team that have built and owned and operated mines in Australia and Africa. Looking to do it all over again in our backyard here. So yeah, looking forward to the opportunity to take Horizon Gold into the next producer. Thank you.