Horizonte Minerals (AIM:HZM)(TSX:HZM) (‘Horizonte’ or ‘the Company’), the nickel development company focused in Brazil, announces its final results for the year ended 31 December 2016.
As quoted in the press release:
2016 was a significant year for Horizonte which saw us achieve numerous major milestones at our Araguaia Nickel Project in Brazil. These include the delivery of a Pre-Feasibility Study (‘PFS’), the receipt of our Preliminary Environmental Licence, and raising the funds to deliver a Feasibility Study in 2017. We are now focussed on taking this project up the value curve, through the Feasibility Study process and into development as one of the lower cost ferronickel operations in the market, benefitting from its high grade resource and low capital intensity.