Horizonte Minerals Plc Snapshot
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, targeting production by 2021. Our second asset, Vermelho, is being advanced with the aim to supply nickel and cobalt to the EV battery market.
Horizonte has a strong shareholder structure including Teck, Canaccord Genuity, Richard Griffiths, Lombard Odier Asset Management (Europe) Limited, JP Morgan, City Financial and Glencore.
The Group is led by a management team, with extensive experience in both Brazil and the nickel sector.
Horizonte’s updated Pre-Feasibility Study demonstrates that its enlarged, 100% owned Araguaia Project is one of the largest and highest grade undeveloped nickel saprolite resources globally. It will generate US$1.3 billion in free cash flow over the life of the mine. Having combined Glencore’s adjacent nickel project with its own Araguaia project in a low-cost acquisition which completed in 2016, the new compelling economics highlight a post-tax NPV of US$328 million and IRR of 19% based on a long term nickel price of US$12,000/t. Click here to read further.
Horizonte Minerals Plc
Rex House, 4-12 Regent Street, London, SW1Y 4RG
T: +44 (0)203 356 2901