Horizonte Minerals Awards Further Contracts for the Feasibility Study for the Araguaia Nickel Project

Horizonte Minerals, (AIM:HZM)(TSX:HZM) (‘Horizonte’ or ‘the Company’), the nickel development company focused in Brazil, is pleased to announce that, further to the announcement on 6 March 2017, it has awarded further contracts for key parts of the Feasibility Study (‘FS’), for its 100%-owned Araguaia nickel project (‘Araguaia’ or ‘the Project’).
The contracts awarded are as follows:

• Steinweg Handelsveem (Latin America) S.A – Material transport and logistics
• SM&A Electrics – Power infrastructure and power transmission line
• VCE Mine Consultancy – Mining Permit reporting

The Feasibility Study is at an advanced state with a number of the principal work streams over 50% complete. The Company’s strategy is to position itself as one of the lowest cost nickel producers globally.
The Araguaia Project is designed to produce 14,500 tonnes per annum (‘tpa’) of nickel using the proven rotary kiln electric furnace technology (‘RKEF’).
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