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EPIC: HZM
Market: AIM:HZM
TSX:HZM
52-week High/Low: 2.88p / 1.55p
Sector: General Mining - Gold
Market Cap: 26.85M
Phone: +44 (0)207 763 7157
Address: 26 Dover Street, London, W1S 4LY.
Website: www.horizonteminerals.com
Horizonte Minerals Plc

Horizonte Minerals Plc

Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil, which wholly owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. The Company is developing Araguaia as the next major nickel mine in Brazil, with targeted production by 2019.

Horizonte Minerals Plc

www.horizonteminerals.com

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Big picture - Why invest in Horizonte Minerals Plc


Horizonte Minerals Plc Snapshot

Delivering on Company milestones is fundamental to the success of our business. We are committed to working in ways that are true to our values, which include Safety, Care & Respect, Integrity, Responsibility, Team-work and Communication. By working together with our key partners and stakeholders we plan to unlock the long-term value that the resources represent for our shareholders and our local communities.

Horizonte completed a NI 43-101 compliant Pre-Feasibility Study (PFS) covering Araguaia in March 2014. The PFS demonstrates the robust economics of a ferro-nickel operation at Araguaia, with a post tax NPV8 of USD 519 million and an IRR of 20% at USD 19,000 per tonne nickel. Initial capital expenditure is estimated at USD 582 million, with targeted annual production of 15,000 tonnes of nickel in ferro-nickel.
Based on these strong project economics, Horizonte Minerals is advancing the project through to the Feasibility stage, due for completion in 2015.

New PFS Highlights

New PFS Highlights

On 3rd October 2016, Horizonte Minerals announced positive economic results from its new Pre-Feasibility Study (PFS). The PFS was prepared in accordance with NI 43-101 on its 100%-owned Araguaia project, which includes both the Araguaia Nickel project area (Araguaia South, referred to as HZMA in the PFS) and the Glencore Araguaia project area (Araguaia North, referred to as GAP in the PFS). The Project is located south of the Carajás mining district in the State of Pará in northern Brazil.

Asset Overview

Asset Overview

The PFS is summarized in a Technical Report prepared in accordance with NI 43-101 by Snowden Mining Industry Consultants Pty Ltd (Snowden) under the guidance of the Qualified Persons. The PFS Report is due to be filed on SEDAR at www.sedar.com later today (3rd October 2016) and will subsequently be uploaded onto this website.

The Project, which is 100% owned by Horizonte, is located on the eastern margin of the State of Pará, north-eastern Brazil, to the north of the town of Conceição do Araguaia (population of 46,206), south of the main Carajás Mining District.

The Project has good regional infrastructure including a network of Federal highways and roads, with access to low tariff hydro-electric power. The Carajás Mining District, situated approximately 200km northwest of the Project, is host to a number of major iron and copper mines operated by mining major Vale SA.

The PFS considers open pit mining for the exploitation of nickel laterite to establish the production of run of mine (ROM) from eight open pits to supply a targeted 0.9 million tonnes per annum (Mt/a) of ore to a processing and smelter facility. This facility will use the proven RKEF process with the product being sold at free on board (FOB) at the selected port of export.

A Base Case of 0.9 Mt/a production throughput was selected because of the Company’s objective to minimise the capital expenditure and overall capital intensity, and to optimise overall cash flow, payback, and the economics of the Project. Opportunity exists to increase production subject to further engineering and there is potential to increase the mineral reserve base.

 

For more information on the Management team, please click here

Horizonte Minerals Plc UK office

26 Dover Street, 

London, 

W1S 4LY 

United Kingdom.

T:  + 44 (0) 207 763 7157

E: [email protected]

Horizonte Minerals Plc Timeline

Newswire
November 23 2016

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Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.