Horizonte Minerals Plc, (AIM:HZM) (TSX:HZM)
(‘Horizonte’ or ‘the Company’) the nickel
development company focused in Brazil which is developing the
Araguaia nickel project as Brazil’s next ferronickel mine, is
pleased to announce that it has completed the detailed aero survey
covering the route of the power line into the project and awarded
contracts to cover the engineering design and permitting for the
powerline and substation infrastructure for the Araguaia
ferronickel project (‘Araguaia’).
Highlights
- Contracts awarded for Araguaia Powerline to leading Brazilian
consultants including:
- SM&A Servicos Eletricos responsible for the design
engineering for the 230kV transmission line to provide electricity
for all operations required for life of mine;
- Brandt Meio Ambiente to prepare the installation environmental
permits; and
- Geoid Laser Mapping for the topographic aerial laser survey of
the powerline route and detailed positioning of pylon
locations;
- Araguaia Feasibility Study (FS) remains on schedule for
delivery mid-year.
Horizonte’s CEO Jeremy Martin
said, “Securing water and energy are key risks for any
mining project. We announced earlier this year that we had
secured the water abstraction permit for Araguaia’s full-scale
ferronickel operation and now we’re advancing the energy
infrastructure with the awards of contracts to experienced
Brazilian powerline consultants. The 230kV transmission line
is a significant part of the Araguaia project, so it’s an exciting
time for the company to see this milestone progress, bringing us
closer to the build-phase of the Araguaia project.
A tender process was undertaken, as our aim was
to contract leading Brazilian consulting groups with a strong track
record in powerline infrastructure implementation in Brazil.
Elsewhere on the project we are working towards
the completion of the Feasibility Study due mid-year, together with
advancing the final permits required to ensure the project is
construction ready. This is all against a backdrop of
strengthening nickel prices; both LME and SHEFI exchanges have seen
continued draw downs in nickel inventories, we have seen nickel
prices trade over $14,500 / tonne and the demand outlook remains
positive. We look forward to providing further updates as we
advance the project.”
Further details
The purpose of the aero survey is to provide
high resolution digital topography and mapping of the power line
route and detailed positioning for the transmission line
pylons. This information will then be used by SM&A to
undertake the engineering design of the line and supporting
structures including transformer capacity and any engineered
structures associated with the supply.
Horizonte has signed contracts with the following consulting
groups to deliver the power infrastructure by the end of
2018.
Engineering Group: SM&A Services Eletricos
(SM&A)SM&A specialises in industrial electrical
power systems. The group is currently active in the following
sectors; steel industry, mining, cement and infrastructure works
such as ports and airports. The company conducts end to end
electrical services including concept design, detailed engineering,
construction, testing, commissioning and turn-key handover into
operation.
Environmental Permitting Group: Brandt Meio Ambiente
(Brandt)Brandt is one of the leading independent
environmental and permitting consultants in Brazil with experience
in over 6,000 projects worldwide. The consulting group is
headquartered in Belo Horizonte with offices in the Pará and Rio
Grande de Sul states. Brandt won the CEMIG three-year contract to
permit over 50 electric units throughout Brazil, including 13
hydroelectric plants and two thermoelectric plants. In addition to
this, Brandt also successfully permitted the transmission lines for
the Onça Puma Nickel and Salobo Copper mines also located in the
Pará state. Brandt currently provides environmental services to
Vale’s S11D iron ore project, with a team located in the nearby
Carajás region, north of Araguaia.
Topographic aerial laser survey group:
GEOIDGEOID is a company headquartered in Belo Horizonte
with over 40 years of experience. It is a high-tech company,
pioneered in Brazil in the use of high-precision remote sensing
equipment (geodetic GPS) and, in 1999, was the first company in
South America to invest in active laser sensing.
This announcement contains inside information
for the purposes of Article 7 of EU Regulation 596/2014.
For further information visit www.horizonteminerals.com or
contact:
Horizonte
Minerals plc |
|
Jeremy Martin (CEO) /
David Hall (Chairman) |
+44 (0) 20 7763
7157 |
|
|
Numis
Securities Ltd (NOMAD & Joint Broker) |
|
John Prior / Paul
Gillam |
+44 (0) 207 260
1000 |
|
|
Shard Capital
(Joint Broker) |
|
Damon Heath / Erik
Woolgar |
+44 (0) 20 7186
9952 |
|
|
Tavistock
(Financial PR) |
|
Jos Simson / Barney
Hayward |
+44 (0) 20 7920
3150 |
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed
nickel development focused in Brazil. The Company is
developing the Araguaia Project as the next major ferronickel mine
in Brazil. With the Vermelho nickel-cobalt project being
advanced with the aim of being able to supply nickel and cobalt to
the EV battery market. Both projects are 100% owned.
Horizonte shareholders include; Teck Resources
Limited, Canaccord Genuity Group, JP Morgan, Lombard Odier Asset
Management (Europe) Limited, City Financial, Richard Griffiths and
Glencore.
CAUTIONARY STATEMENT REGARDING
FORWARD LOOKING INFORMATION
Except for statements of historical fact
relating to the Company, certain information contained in this
press release constitutes “forward-looking information” under
Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the
potential of the Company’s current or future property mineral
projects; the success of exploration and mining activities; cost
and timing of future exploration, production and development; the
estimation of mineral resources and reserves and the ability of the
Company to achieve its goals in respect of growing its mineral
resources; and the realization of mineral resource and reserve
estimates. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as “plans”,
“expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, or “believes”, or variations of such words
and phrases or statements that certain actions, events or results
“may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is based on the reasonable
assumptions, estimates, analysis and opinions of management made in
light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, and are
inherently subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to risks related to:
exploration and mining risks, competition from competitors with
greater capital; the Company’s lack of experience with respect to
development-stage mining operations; fluctuations in metal prices;
uninsured risks; environmental and other regulatory requirements;
exploration, mining and other licences; the Company’s future
payment obligations; potential disputes with respect to the
Company’s title to, and the area of, its mining concessions; the
Company’s dependence on its ability to obtain sufficient financing
in the future; the Company’s dependence on its relationships with
third parties; the Company’s joint ventures; the potential of
currency fluctuations and political or economic instability
in countries in which the Company operates; currency exchange
fluctuations; the Company’s ability to manage its growth
effectively; the trading market for the ordinary shares of the
Company; uncertainty with respect to the Company’s plans to
continue to develop its operations and new projects; the Company’s
dependence on key personnel; possible conflicts of interest of
directors and officers of the Company, and various risks associated
with the legal and regulatory framework within which the Company
operates.
Although management of the Company has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements.
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