KMS will produce a zircon rich non-magnetic concentrate and low temperature roast ilmenite.
Horizon made $1.2 million after taking out haulage and toll milling costs.
Horizon is trial mining at Boorara to confirm the tonnage and grade of its gold.
The shipment included 45 tonnes of bagged ASQ-GWW1 loaded into two sea containers.
The 1845oz was sold for $2654 per ounce, which netted Horizon $4.9 million.
Decision made to defer the start of operations due to subdued market.