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Horizonte Announces Vermelho Mineral Resource Confirming Significant Nickel and Cobalt Inventory
May. 09, 2018 09:50AM PST
Base Metals Investing Nickel Development company Horizonte Minerals has announced an initial mineral resource estimate for the recently acquired Vermelho nickel-cobalt project in Brazil.
Nickel Development company Horizonte Minerals (TSX:HZM) has announced an initial mineral resource estimate for the recently acquired Vermelho nickel-cobalt project in Brazil.
As highlighted in the press release:
The Vermelho nickel-cobalt mineral resources, in the measured and indicated category, are 167.8 million tonnes grading 1.01 percent nickel and 0.06 percent cobalt (at 0.9 percent nickel equivalent cut off)
The measured and indicated mineral resources categories are estimated to contain 1.68 million tonnes (3,700 million pounds) of nickel and 94,000 tonnes (207 million pounds) of cobalt
The mineral resource estimate places the Vermelho project as one of the largest, highest grade undeveloped laterite nickel – cobalt resources globally
Significant portion of high grade saprolite within the deposit is amenable to the rotary kiln electric furnace process route to produce ferronickel being developed at the Araguaia project
Test work planned to confirm the Vermelho mineralization is suitable to produce nickel and cobalt sulphate for the EV battery market
Click here to view the full Horizonte Minerals (TSX:HZM) press release.
