Horizonte Minerals PLC (LON:HZM)

Horizonte Minerals PLC (LON:HZM)


Share Price
2.32 p
Change
0.00375 (0.16 %)
Market Cap
£33.61 m
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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 project and the Vermelho nickel-cobalt project. The Company is developing Araguaia as the next major nickel ferro-nickel mine in Brazil, with targeted production by 2021. The Project has good infrastructure in place including rail, road, water and...

EPIC: HZM
Market: AIM:HZM
TSX:HZM
52-week High/Low: 4.98p / 1.74p
Sector: General Mining - Nickel
Market Cap: £33.61 m
Website: www.horizonteminerals.com
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Big Picture – A Deep Dive Examination of Horizonte Minerals PLC


Horizonte Minerals PLC Snapshot

Horizonte Minerals plc (“Horizonte” or “the Company”) is an AIM and TSX-listed nickel development company focussed in Brazil, which wholly owns the advanced Araguaia nickel laterite project (“Araguaia” or “the Project”) located to the south of the Carajas mineral district of northern Brazil. The Company is developing Araguaia into the next major nickel mine in Brazil, targeting production by 2021. Our second asset, Vermelho, is being advanced with the aim to supply nickel and cobalt to the EV battery market.

Horizonte has a strong shareholder structure including Teck, Canaccord Genuity, Richard Griffiths, Lombard Odier Asset Management (Europe) Limited, JP Morgan, City Financial and Glencore.

The Group is led by a management team, with extensive experience in both Brazil and the nickel sector.

Araguaia Project

Horizonte’s updated Pre-Feasibility Study demonstrates that its enlarged, 100% owned Araguaia Project is one of the largest and highest grade undeveloped nickel saprolite resources globally. It will generate US$1.3 billion in free cash flow over the life of the mine. Having combined Glencore’s adjacent nickel project with its own Araguaia project in a low-cost acquisition which completed in 2016, the new compelling economics highlight a post-tax NPV of US$328 million and IRR of 19% based on a long term nickel price of US$12,000/t. Click here to read further.

 

 

 

 

 

Vermelho Project

  • Construction approved for up to US$1.2B build in 2005
  • Full Feasibility study completed on the project, all engineering data acquired
  • Over 152,000m of drilling completed
  • Feasibility demonstrated a nameplate capacity of 46,000 t/a nickel and 2,500 t/a cobalt
  • Mineral Resource: M&I 168Mt grading 1.01% Ni and 0.06% Co
  • Potential for high grade saprolite resources - 18.1m grading 3.31% Ni
  • Test work shows 96% Ni recovery and 95% Co recovery
  • Located in the Carajas mining district with favourable infrastructure


Note: Totals may not add due to rounding. Mineral Resources are inclusive of Mineral Reserves. Vermelho Mineral resource estimate at 0.9% nickel equivalent cut-off (Source: Vermelho - HZM 2018 Mineral Resource Estimate).

 

For more information on the Management team, please click here

Significant shareholders

Total shares issued and outstanding in Horizonte Minerals Plc is 1,432,521,800. 
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 22 March 2018.
 

Shareholder Number of shares % of issued capital
Teck Resources 210,207,179 14.7%
Canaccord Genuity Group 150,600,000 10.5%
JP Morgan 117,739,613 8.2%
City Financial 108,190,476 7.6%
Lombard Odier Asset Management (Europe) Limited 106,916,242 7.5%
Richard Griffiths 96,550,000 6.7%
Glencore 74,507,195 5.2%


In terms of AIM Rules published May 2010 and insofar as it is aware, at 11 January 2018, 25% of the Company’s AIM securities were not in public hands.

Horizonte Minerals Plc
Rex House, 4-12 Regent Street, London, SW1Y 4RG
United Kingdom.
T: +44 (0)203 356 2901

 

 

 

Horizonte Minerals Plc UK office
Rex House, 4-12 Regent Street, London, SW1Y 4PE
United Kingdom.
T: +44 (0)203 356 2901


UK Public and Investor Relations
Tavistock
1 Cornhill
London
EC3V 3ND
Tel: +44 (0) 207 920 3150
[email protected]
www.tavistock.co.uk

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