Podcast with Horizonte Minerals: CEO Jeremy Martin discusses the recently announced positive metallurgical results at Horizonte\'s Tier-1 Vermelho project; the advancing financing discussions for Araguaia (also Tier-1); and strong growth forecasts for the nickel market (in both Ferrochrome and Battery Nickel).
Horizonte Minerals (HZM LN) 2.07p, mkt cap £30.4m –Vermelho metallurgical test results Horizonte Minerals has released a summary of laboratory metallurgical testing of material from its Vermelho nickel cobalt project in Para state, Brazil. The results, “using a calcine charge of approximately 200 grams” of crushed and sized saprolite material from Vermelho “returned an average ferronickel grade of 31.8% nickel” and the company describes the product as “of high quality, being low in trace elements and meeting the commercial requirement of stainless-steel manufacturers”. This testing confirms “the suitability of the conventional Rotary Kiln Electric Furnace ("RKEF") for processing Vermelho saprolite ore.” Horizonte Minerals CEO, Jeremy Martin, commented that “We currently have a prefeasibility underway for the project and the data from this test work and the work being undertaken by SGS Lakefield, will be incorporated into the study with the objective of demonstrating a robust set of economics for the selected process route”. Mr. Martin went on to confirm that “we continue to advance the construction financing on the Araguaia Project . Against a backdrop of global growth in nickel consumption running at around 4 to 5% per year with stainless steel currently accounting for two thirds of demand.” Conclusion: Horizonte Minerals’ laboratory scale metallurgical testing shows the suitability of the saprolite material at Vermelho to produce commercial quality ferronickel using RKEF technology. The results are to be incorporated in pre-feasibility level work currently underway on the Vermelho project. As the project advances, we would expect more extensive testing of larger samples of material to build on this initial work to establish an appropriate flowsheet.
Horizonte Minerals Plc (HZM.L) Announced, in its results for the vermelho nickel cobalt project, that it is possible to produce high grade, commercial specification ferronickel from the saprolite and transition ore at Vermelho. Further, the results confirmed the suitability of the proposed conventional Rotary Kiln Electric Furnace process selected for the company's Araguaia ferronickel project is also suitable for processing Vermelho ore.
RNS Number: 8109 S Horizonte Minerals PLC 14 March 2019 NEWS RELEASE. POSITIVE METALLURGICAL TESTWORK RESULTS FOR THE VERMELHO NICKEL COBALT PROJECT. Horizonte Minerals Plc, the nickel development company focussed in Brazil, is pleased to announce positive results from metallurgical and smelting test work on the Vermelho nickel cobalt project, located in...
RNS Number: 8133 R Horizonte Minerals PLC 05 March 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Horizonte Minerals Plc,, the nickel development company focused in Brazil, notes the movement in its share price today and confirms that it is not aware of any corporate developments that support such movement. Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil. The Company is developing the Araguaia project, as the...
Horizonte Minerals (HZM LN) 2.4p, mkt cap �35.2m –Araguaia project update and start of Vermelho pre-feasibility work Horizonte Minerals has provided a progress report for its Araguaia ferro nickel project in Brazil’s Para State where, following publication of the feasibility study in December 2018 it is now “Advancing project financing options”. Reiterating the principal conclusions of the feasibility work for the 28 year project comprising an initial production phase where approximately 900,000tpa of ore is treated in a Rotary Kiln Electric Furnace (RKEF) to produce approximately 14,500tpa of nickel contained in 52,000tpa of ferronickel, the study concluded that capital investment of US$443m for the initial phase of the project is expected too generate an after tax NPV8% of US$401m and an IRR of 20.1% with cash costs equivalent to US$3.08/lb of contained nickel and that doubling production for additional, internally funded expenditure of US$199.7m enhances the after tax NPV8% to US$741m, increases the IRR to 23.1% and reduces the cash cost of production to US$3.00/lb. Horizonte Minerals points to positive sentiment towards nickel prices where it identifies “positive fundamentals with midterm consensus pricing of US$16,792/tonne ('t') Ni for 2022” compared with the US$14,000/t price assumed in the feasibility study. The company also alludes to expectations the Brazilian economy is “set for growth in 2019 and 2020 with GDP set to increase 2.4% and 2.3% respectively” and points to Brazil having “tightened control over inflation rates, which have decreased from 8.8% in 2016 to 3.6% in 2018 … … taken a series of measures aimed to improve fiscal responsibility, reduced government spending and increased direct foreign investment”. The company also announces that it has started pre-feasibility level work on the Vermelho project which it acquired early in 2018 and which lies “in close proximity to Araguaia”. Although at this stage, the company is not indicating a timetable for completion of this work it says that there “are several phases of work currently underway at Vermelho, the first is to demonstrate upgrading the mixed hydroxide product (MHP) to nickel and cobalt sulphate suitable for use in the evolving EV battery market. The second phase will utilise the high grade saprolite material to produce ferronickel via the same RKEF flow sheet as developed at Araguaia.” The work at Vermelho also includes environmental and social base-line data collection, which is expected to be incorporated at the pre-feasibility study stage.
Horizonte Minerals Plc (HZM.L) Announced, in its shareholders update for Q1 2019, that Araguaia ferronickel project ('Araguaia') Feasibility Study ('FS') completed in Q4 2018 delivering robust economics and Further upside potential with Stage 2 expansion at Araguaia doubling annual nickel production as well as Construction Licence recently granted by the Brazilian Par� State Environmental Agency ('SEMAS'). Moreover, the company added that advancing project financing options for Araguaia and Vermelho nickel cobalt project ('Vermelho') Pre-Feasibility Study ('PFS') underway as well as Nickel showing positive fundamentals with midterm consensus pricing of US$16,792/tonne ('t') Ni for 2022 and Brazil economy set for growth in 2019 and 2020 with GDP set to increase 2.4% and 2.3% respectively
Horizonte Minerals Plc,, the nickel development company focused in Brazil, is pleased to provide the following update to shareholders from CEO, Jeremy Martin.. �Nickel showing positive fundamentals with midterm consensus pricing of US $16, 792/ tonne Ni for 2022; and. �Brazil economy set for growth in 2019 and 2020 with GDP set to increase 2.4% and 2.3% respectively..
Horizonte Minerals Plc, the nickel development company focused in Brazil, announces the award of options to certain key employees in Brazil.. The options have an exercise price of 4.8 pence per share in line with the 2018 share option award parameters and vest in three equal tranches at the 6, 12 and 18 month anniversary of grant.. Horizonte Minerals plc is an AIM...
RNS Number: 1515 P Horizonte Minerals PLC 05 February 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5879 O Horizonte Minerals PLC 31 January 2019 NEWS RELEASE. Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil. The Company is developing the Araguaia project, as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with the aim of being able to supply nickel and cobalt to the EV...
Horizonte Minerals Plc, the nickel development company focused in Brazil, announces the settlement of contingent consideration due to Glencore plc following the filing of the Araguaia NI 43-101 Feasibility Study on SEDAR on 12 December. As per the terms of the Purchase Agreement between Horizonte and Glencore dated 23 September 2015, Contingent...
Horizonte Minerals (HZM LN) 2.4p, mkt cap �34.4m – Construction licence awarded for Araguaia • Horizonte Minerals reports that the Environmental Agency in Para State has awarded the company the Construction Licence for its Araguaia ferro nickel project in Brazil. • The permit provides Horizonte Minerals with the authorisation to proceed with constructing the Rotary Kiln Electric Furnace process plant and the associated infrastructure. • Chief Executive, Jeremy Martin, welcomed the award of the licence and said that “Subject to funding, the company is now in a position to commence construction with the necessary environmental permits approved, including water abstraction permits issued in 2018 together with the newly issued LI. The LI allows development to commence on the RKEF process plant and associated infrastructure.” • The published feasibility work describes a 28 year project comprising an initial production phase where approximately 900,000tpa of ore is treated in a Rotary Kiln Electric Furnace (RKEF) to produce approximately 14,500tpa of nickel contained in 52,000tpa of ferronickel. • Capital investment of US$443m for the initial phase of the project is expected to generate an after tax NPV8% of US$401m and an IRR of 20.1% with cash costs equivalent to US$3.08/lb of contained nickel. Conclusion: The award of the construction licence is a project milestone for Araguaia and we await further information on the proposed funding structure for the project development.
Horizonte Minerals Plc (HZM.L) Announced that it has been awarded the construction licence for the development of its 100% owned Araguaia Ferronickel Project in Brazil. The granting of the LI provides the company with the permits it is required to construct the Araguaia rotary kiln electric furnace processing plant and associated infrastructure.
RNS Number: 9971 M Horizonte Minerals PLC 14 January 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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, with targeted production by 2019. Horizonte has a strong shareholder structure including Teck Resources Limited, Henderson Global Investors and Glencore. The Group is led by a management team, with extensive experience in both Brazil and the nickel sector.
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