Horizonte Minerals' rapid development of its Araguaia nickel deposit in Brazil has been a model so far and the group has no intention of taking its foot off the pedal.
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Horizonte Minerals Plc. is focused on exploration and development of mineral projects in Brazil. It has a successful track record in partnering with major mining companies. The Group is led by a management team with over 50 years of combined experience in the South American exploration and mining industry.
Principal projects include the wholly-owned Araguaia nickel laterite project, located in the southern Carajas Mineral District in Brazil, acquired in August 2010 from Teck. Work is focussed on the delivery of a 100 million tonne resource with fast track to Feasibility Study stage. On the gold programme Horizonte operates in partnership with Anglo Gold Ashanti to generate new world class projects in both north and southern Brazil.
31/01/12
Horizonte Minerals' rapid development of its Araguaia nickel deposit in Brazil has been a model so far and the group has no intention of taking its foot off the pedal.
22/12/11
Horizonte Minerals said it plans to publish an updated resource statement next month for its Araguaia nickel laterite project in northern Brazil.
16/11/11
Chief executive of Horizonte Minerals, Jeremy Martin told Proactive Investors today that there was "significant scope" for the target zone at the Falcao gold project in Brazil to expand. The firm has been exploring a 3 km area at Falcao - a joint venture with AngloGold Ashanti
21/02/11
Horizonte Minerals said infill drilling at its Araguaia project in Brazil has returned some “highly encouraging” nickel grades over good widths. Boss Jeremy Martin, meanwhile, reckons the company will be in a position to unveil a maiden resource for Araguaia "imminently".
16/11/10
The past 18 months have seen Horizonte Minerals lay the groundwork for success. The next year and a half will be pivotal to achieving those aims – and the newsflow will be coming thick and fast from here on in.
07/02/12
Horizonte Minerals adds to acreage next to Araguaia17/01/12
Horizonte Minerals gets broker approval after Araguaia upgrade17/01/12
Horizonte Minerals appoints South American expert as Araguaia progresses10/01/12
Horizonte Minerals reveals 30% resource upgrade at Araguaia - UPDATE10/01/12
Horizonte Minerals reveals 30% resource upgrade at Araguaia18/11/2010
17/11/2010
07/05/2008
24/04/2008
Horizonte Minerals Plc. is an AIM and TSX quoted exploration and development company focussed on mineral projects in Brazil. Horizonte has two commited major mining partners: Teck Resources Limited, a strategic 44 percent shareholder and AngloGold Ashanti.
Principal projects include the wholly-owned Araguaia Nickel Project in the Carajás mineral district of northern Brazil which the Company acquired in August 2010 from Teck Resources Limited. The Board believes the Araguaia Project has the potential to define a 100 million tonne resource and is currently focussed on bringing the Project to the Feasibility Study stage.
Horizonte also has two agreements in place with AngloGold Ashanti Limited; a US$5.3 million exploration alliance to generate and develop new and existing gold targets in Brazil and a US$4.5 million JV to fast-track resource drilling at the Company's Falcao gold project in northern Brazil.
The group is led by a management team with over 50 years of combined experience in the South American exploration and mining industry.
NICKEL — Araguaia
10 exploration licences over 73,000 hectares in Carajás mineral province.
Good infrastructure.
12 target areas defined, 6 drilled to date.
13,200 metres drilled to date - to be upgraded to JORC / NI 43-101 in Q4 2011.
Contains potential for the delineation of 100 Mt+ Resource.
Fast track work programme to take project to Feasibility Stage.
Video of Araguaia Drilling
GOLD
Anglo Gold Strategic Alliance
Strategic Alliance signed September 2009: exploration budget of US$ 5.3 million over 3 years; managed by Horizonte
Covering two prospective regions in north and south Brazil
Over 2,000 samples taken in Year One identifying multiple gold targets, Year Two definition of drill targets is ongoing
All new projects defined will be owned 49% by Horizonte and 51% by AngloGold Ashanti
AngloGold Ashanti can elect to earn to 70% on any new project by completing a Pre-Feasibility Study
Horizonte free carried
Troy Resources — Tangara Joint Venture
344km exploration block in Carajás mineral province across 10 exploration licences
15 targets identified and 4 drilled
3 year Joint Venture agreement signed with Troy Resources to operate and develop Tangara Gp;d {roject - Entitling Troy to 100% interest
Troy Resources spent US$ 2.8 million, in line with agreement
If Troy elect to earn to 100% — an additional US$2 million paid in cash to Horizonte and a royalty of US$30/oz paid on any gold produced
Falcao Gold Project
Large gold target 100% owned by Horizonte
Former BHP grassroots discovery in southern Carajás
Wide spaced RC drilling returned multiple gold intersections
Extensive sampling and mapping carried out by Horizonte confirms large surface area of gold anomaly
3,000 metre drilling programme underway and ongoing through Q3/Q4 2011
For more information about Horizonte Minerals' current operations please click here.
David J. Hall BA (Hons), MSc, - Non-Executive Chairman
Mr Hall is a graduate in geology from Trinity College Dublin and holds a Masters Degree in Mineral Exploration from Queens University, Kingston, Ontario. He has 29 years of experience in the exploration sector and has worked on and assessed exploration projects and mines in over 50 countries. From 1992, Mr Hall was Chief Geologist for Minorco SA, responsible for Central and Eastern Europe, Central Asia and the Middle East. He moved to South America in 1997 as a consultant geologist for Minorco South America and subsequently became exploration manager for AngloGold South America in 1999, where he was responsible for exploration around the Cerro Vanguardia gold mine in Argentina, around the Morro Velho and Crixas mines in Brazil and establishing the exploration programme that resulted in the discovery of the La Rescantada gold deposit in Peru as well as certain joint ventures in Ecuador and Colombia.. Mr Hall is also founder and Chairman of Stratex International Plc, an AIM traded company with exploration assets in Turkey and in which Teck Resources Limited is an equity shareholder. Mr Hall is a fellow of the Society of Economic Geologists and EuroGeol.
Jeremy J. Martin MSc, ASCM - Director and Chief Executive Officer
Mr Martin holds a degree in mining geology from the Camborne School of Mines, and a MSc. in mineral exploration from the University of Leicester. He has worked in South America and in Central America and Europe, where he was responsible for grassroots regional metalliferous exploration programmes through to resources definition and mine development. Mr Martin has been involved in the formation of two AIM traded companies and has completed a number of high value mineral project transactions. He has served on the board of Ovoca Gold Plc and is a member of the Society of Economic Geologists and the Institute of Mining Analysts.
William Fisher
Bill Fisher graduated as a geologist in 1979 and has extensive industry experience which has included a number of residential posts in Africa, Australia, Europe and Canada in both exploration and mining positions. Under his leadership, Karmin Exploration discovered the Aripuanã base metal massive sulphide deposits in Brazil. From 1997 to 2001 Bill was Vice President, Exploration for Boliden AB, a major European mining and smelting company where he was responsible for thirty five projects in nine countries. From 2001 to 2008 Bill led GlobeStar Mining Corp. from an exploration company to an emerging base metal producer in the Dominican Republic which developed and operates the Cerro de Maimon mine. Bill was also Chairman of Aurelian Resources which was acquired by Kinross in 2008 for $1.2 Billion after the discovery of the Fruta del Norte gold deposit in Ecuador. Bill currently also serves as an independent director of PC Gold (TSX: PKL), RX exploration (RXE.CNQ) and Treasury Metals (TSX: TML).
Nicholas R. Winer BSc - Director and Chief Operations Officer
Mr Winer has over 26 years of experience in gold, base metals and diamond exploration in South America, Africa and Australia. He was exploration manager for AngloGold do Brasil Ltda, where he was responsible for Brownfield exploration around its mining operations as well as generative exploration programmes. Prior to this he spent 18 years with the exploration division of BHP Limited (now BHP Billiton Limited), three of these being as exploration manager for Brazil. He joined and became a shareholder in Mineração Vale dos Reis Ltda («MVR») in August 2002 and has played a key role in the development of its exploration portfolio, which has now been integrated into the Group. Mr Winer has lived in Brazil since 1996, has permanent residency status and speaks fluent Portuguese. He has a BSc honours degree in geology/geophysics from the University of Macquarie, Sydney, Australia, is a member of the Society of Economic Geologists and was a past director of the Agência para o Desenvolvimento Tecnológico da Indústria Mineral Brasileira.
Allan M. Walker MA - Non-Executive Director
Mr Walker has over 22 years’ experience in investment banking, primarily focused on energy sector project finance and private equity, particularly in emerging markets. He has extensive contacts in the renewable energy sector worldwide as well as with governments, multilateral agencies and regional development banks. He joined Black River Asset Management (UK) Limited, an indirectly held subsidiary of Cargill Inc, in October 2005 to structure and develop a renewable energy, biofuels and carbon fund. Prior to this he was head of power and infrastructure in London for Standard Bank Plc from May 2002, a world leader in emerging markets resource banking. He was also previously a director in the Global Energy and Project Finance Group of Credit Suisse First Boston in London and ran the energy group at CSFB Garantia in Sao Paulo, Brazil from 1998 to 2001, where he spent seven years covering Latin America. He also spent three years in the energy group of ING Barings in New York. Mr Walker graduated with an MA in economic geography from Cambridge University in 1982 and speaks Portuguese and Spanish.
Alexander N. Christopher BSc (Hons), PGeo (BC) - Non-Executive Director
Mr Christopher, a professional geologist, has 27 years of experience in mineral exploration and the mining industry. He is a member of the Association of Professional Engineers and Geoscientists BC and possesses an Honours B.Sc. in Geology from McMaster University and an Environmental Biology Technology diploma from Canadore College. Mr Christopher currently holds the position of General Manager New 12 Ventures within the Corporate Development Group at Teck. Mr Christopher has been with Teck since the mid 1980’s holding a number of positions within the company and has spent much of his time over the past 10 years focusing on the junior mining sector, partnerships, property transactions and Teck’s junior mining equity investments. Prior to moving into a more business oriented role at Teck, he spent over a decade in the field on early to advanced stage exploration projects focused on gold and base metal exploration. He is currently a member of the Prospectors and Developers Association of Canada and the Association of Mineral Exploration BC where Mr Christopher was previously a member of the Board of Directors. During his term on the Board of the Association of Mineral Exploration BC, Mr Christopher served as Vice Chairman as well as on a number of committees including the Executive Committee and the Finance Committee, which he continues to serve on at this time.
Senior Management
Jeffrey Karoly, BSC ACA Chief Financial Officer and Company Secretary
Mr Karoly, 43, is a Chartered Accountant and worked from 1997 to 2007 with Minorco/Anglo American in a number of finance and business development functions across the group in Europe, Southern Africa and Brazil, where he lived for two years, reporting to the Head of Exploration for Latin America. From 2008 to present he has been the Chief Financial Officer of South American Ferro Metals, a private company that has acquired, explored and developed an iron ore property in Brazil. Mr Karoly started his career at Coopers and Lybrand in London and Budapest and speaks Portuguese and French.
Roger Billington, Technical Consultant Nickel
Ex head of Falconbridge nickel laterite exploration worldwide. Project development including senior roles in the discovery and evaluation of the Touba-Biankouma nickel laterite deposits (Côte d’Ivoire), the Koniambo nickel laterite deposit (New Caledonia), the Sechol nickel laterite deposit (Guatemala) and the GlobeStar nickel laterite deposit (Dominican Republic).
Paul Nagerl Country Manager Brazil
Mr. Nagerl is a geologist with some 25 years of experience in the mineral resource industry. He established Falconbridge Brazil Ltda, and initiated and successfully implemented Nickel and Platinum Group Element exploration programmes in Brazil that resulted in the discovery of the Serra de Tapa nickel laterite project in Araguaia. Furthermore, Mr. Nagerl was involved in the development and management of nickel laterite deposits in Guatemala that were sold to BHP Billiton.
NOMINATED ADVISER AND CO BROKER
Panmure Gordon & Co plc
155 Moorgate
London EC2M 6XB
United Kingdom
CO BROKER
Finncap
60 New Broad Street
London EC2M 1JJ
United Kingdom
AUDITORS TO THE COMPANY
Littlejohn LLP,
1 Westferry Circus,
Canary Wharf,
London E14 4HD,
United Kingdom
SOLICITORS TO THE COMPANY
As to English law:
Greenberg Traurig Maher LLP
200 Grays Inn Road
London, WC1X 8HF
United Kingdom
As to Canadian law:
Cassels Brock & Blackwell LLP
2100 Scotia Plaza
40 King Street West
Toronto, Ontario M5H 3C2
As to Brazilian law:
Brito Maia
Rua Santa Catarina 1429
Belo Horizonte MG 30170081
Brazil
REGISTRAR AND CREST SERVICE PROVIDER:
Computershare Investor Services (Ireland) Limited,
Heron House,
Corrig Road,
Sandyford Industrial Estate,
Dublin 18,
Ireland
Horizonte Minerals Plc
26 Dover Street, London, W1S 4LY
United Kingdom
T: +44 (0) 207 763 7157
E: info@horizonteminerals.com
Total shares issued and outstanding in Horizonte Minerals Plc is 279,560,000.
The Directors are aware of the following substantial interests or holdings in 3% or more of the Company’s ordinary called up share capital as at 6th September 2011.
Shareholder Number of shares % of issued capital
Teck Resources 123,280,240 44.0%
Anglo Pacific Group 31,650,000 11.3%
Quantom Holdings 30,000,000 10.7%
Richard Griffiths 11,332,143 4.04%
Click here for further investor information
Updated from company website 15th November 2011