Horizonte Minerals, (aim:HZM)(HZM) (‘Horizonte’ or ‘the Company’) the nickel development company focused in Brazil, announces its unaudited financial results for the six months ended 30 June 2017 and the Management Discussion and Analysis for the same period.
Both of the above have been posted on the Company’s website at www.horizonteminerals.com and are also available on SEDAR at www.sedar.com.
The first half of 2017 has been focussed on the commencement of the Feasibility Study for our Araguaia Nickel Project which we are developing as Brazil’s next ferro-nickel mine. This follows the transaction with Glencore to acquire the adjacent Serra do Tapa project, creating one of the largest and highest-grade nickel saprolite projects globally, in a good mining jurisdiction and a region with good infrastructure.
Following significant progress made to date this year, the Araguaia Feasibility Study is now at an advanced stage with a number of the principal work streams over 50% complete for a 14,500tpa ferro-nickel operation with a 28-year life of mine.