Horizonte Minerals

Horizonte Minerals Plc. is an AIM and TSX quoted exploration and development company focussed on mineral projects in Brazil.  Horizonte has two commited major mining partners: Teck Resources Limited, a strategic 44 percent shareholder and AngloGold Ashanti.

Principal projects include the wholly-owned Araguaia Nickel Project in the Carajás mineral district of northern Brazil which the Company acquired in August 2010 from Teck Resources Limited.  The Board believes the Araguaia Project has the potential to define a 100 million tonne resource and is currently focussed on bringing the Project to the Feasibility Study stage. 

Horizonte also has two agreements in place with AngloGold Ashanti Limited; a US$5.3 million exploration alliance to generate and develop new and existing gold targets in Brazil and a US$4.5 million JV to fast-track resource drilling at the Company's Falcao gold project in northern Brazil.

The group is led by a management team with over 50 years of combined experience in the South American exploration and mining industry.

PROJECTS:

NICKEL — Araguaia

    * 10 exploration licences over 73 000 hectares in Carajas mineral province.
    * Good infrastructure.
    * 12 target areas defined, 6 drilled to date.
    * 11 600 metres drilled to date — to be upgraded to JORC/ NI 43-101 in Q1 2011.
    * Contains potential for the delineation of 100 Mt+ Resource.
    * Fast track work program to take project to feasibility stage.


GOLD

Anglo Gold Strategic Alliance

    * Strategic Alliance signed September 2009: exploration budget of US$ 5.3 million over 3 years; managed by Horizonte.
    * Covering two prospective regions in north and south of Brazil.
    * Over 2000 samples taken in Year one; multiple new gold targets identified, Year two program to define drill targets.
    * All new projects defined will be owned 49% by Horizonte and 51% by AngloGold.
    * AngloGold can elect to earn to 70% on any new project by completing a Pre-feasibility study.
    * Horizonte free carried.


Troy Resources — Tangara Joint Venture

    * 344km exploration block in Carajas mineral province across 10 exploration licences.
    * 15 targets identified and 4 drilled.
    * 3 year joint venture agreement with Troy resources signed with Troy Resources.
    * Troy to spend US$ 2.8 million by December 2010 to earn to 100%
    * If Troy elect to earn to 100% — an additional US$2 million paid in cash to Horizonte and a royalty of US$30 / Oz paid on any gold produced.

Falcao Gold Project

    * Large gold target 100% owned by Horizonte.
    * Former BHP grassroots discovery in southern Carajas.
    * Wide spaced RC drilling returned multiple gold intersections.
    * Extensive sampling and mapping carried out by Horizonte confirms large surface area of gold anomaly.
    * Drilling programme planned for late 2010

David J. Hall BA (Hons), MSc, - Non-Executive Chairman

Mr Hall is a graduate in geology from Trinity College Dublin and holds a Masters Degree in Mineral Exploration from Queens University, Kingston, Ontario. He has 29 years of experience in the exploration sector and has worked on and assessed exploration projects and mines in over 50 countries. From 1992, Mr Hall was Chief Geologist for Minorco SA, responsible for Central and Eastern Europe, Central Asia and the Middle East. He moved to South America in 1997 as a consultant geologist for Minorco South America and subsequently became exploration manager for AngloGold South America in 1999, where he was responsible for exploration around the Cerro Vanguardia gold mine in Argentina, around the Morro Velho and Crixas mines in Brazil and establishing the exploration programme that resulted in the discovery of the La Rescantada gold deposit in Peru as well as certain joint ventures in Ecuador and Colombia.. Mr Hall is also founder and Chairman of Stratex International Plc, an AIM traded company with exploration assets in Turkey and in which Teck Resources Limited is an equity shareholder. Mr Hall is a fellow of the Society of Economic Geologists and EuroGeol.

Jeremy J. Martin MSc, ASCM - Director and Chief Executive Officer

Mr Martin holds a degree in mining geology from the Camborne School of Mines, and a MSc. in mineral exploration from the University of Leicester. He has worked in South America and in Central America and Europe, where he was responsible for grassroots regional metalliferous exploration programmes through to resources definition and mine development. Mr Martin has been involved in the formation of two AIM traded companies and has completed a number of high value mineral project transactions. He has served on the board of Ovoca Gold Plc and is a member of the Society of Economic Geologists and the Institute of Mining Analysts.

William Fisher

Bill Fisher graduated as a geologist in 1979 and has extensive industry experience which has included a number of residential posts in Africa, Australia, Europe and Canada in both exploration and mining positions. Under his leadership, Karmin Exploration discovered the Aripuanã base metal massive sulphide deposits in Brazil. From 1997 to 2001 Bill was Vice President, Exploration for Boliden AB, a major European mining and smelting company where he was responsible for thirty five projects in nine countries. From 2001 to 2008 Bill led GlobeStar Mining Corp. from an exploration company to an emerging base metal producer in the Dominican Republic which developed and operates the Cerro de Maimon mine. Bill was also Chairman of Aurelian Resources which was acquired by Kinross in 2008 for $1.2 Billion after the discovery of the Fruta del Norte gold deposit in Ecuador. Bill currently also serves as an independent director of PC Gold (TSX: PKL), RX exploration (RXE.CNQ) and Treasury Metals (TSX: TML).

Nicholas R. Winer BSc - Director and Chief Operations Officer

  Mr Winer has over 26 years of experience in gold, base metals and diamond exploration in South America, Africa and Australia. He was exploration manager for AngloGold do Brasil Ltda, where he was responsible for Brownfield exploration around its mining operations as well as generative exploration programmes. Prior to this he spent 18 years with the exploration division of BHP Limited (now BHP Billiton Limited), three of these being as exploration manager for Brazil. He joined and became a shareholder in Mineração Vale dos Reis Ltda («MVR») in August 2002 and has played a key role in the development of its exploration portfolio, which has now been integrated into the Group. Mr Winer has lived in Brazil since 1996, has permanent residency status and speaks fluent Portuguese. He has a BSc honours degree in geology/geophysics from the University of Macquarie, Sydney, Australia, is a member of the Society of Economic Geologists and was a past director of the Agência para o Desenvolvimento Tecnológico da Indústria Mineral Brasileira.

Allan M. Walker MA - Non-Executive Director

  Mr Walker has over 22 years’ experience in investment banking, primarily focused on energy sector project finance and private equity, particularly in emerging markets. He has extensive contacts in the renewable energy sector worldwide as well as with governments, multilateral agencies and regional development banks. He joined Black River Asset Management (UK) Limited, an indirectly held subsidiary of Cargill Inc, in October 2005 to structure and develop a renewable energy, biofuels and carbon fund. Prior to this he was head of power and infrastructure in London for Standard Bank Plc from May 2002, a world leader in emerging markets resource banking. He was also previously a director in the Global Energy and Project Finance Group of Credit Suisse First Boston in London and ran the energy group at CSFB Garantia in Sao Paulo, Brazil from 1998 to 2001, where he spent seven years covering Latin America. He also spent three years in the energy group of ING Barings in New York. Mr Walker graduated with an MA in economic geography from Cambridge University in 1982 and speaks Portuguese and Spanish.

Alexander N. Christopher BSc (Hons), PGeo (BC) - Non-Executive Director

  Mr Christopher, a professional geologist, has 27 years of experience in mineral exploration and the mining industry. He is a member of the Association of Professional Engineers and Geoscientists BC and possesses an Honours B.Sc. in Geology from McMaster University and an Environmental Biology Technology diploma from Canadore College. Mr Christopher currently holds the position of General Manager New 12 Ventures within the Corporate Development Group at Teck. Mr Christopher has been with Teck since the mid 1980’s holding a number of positions within the company and has spent much of his time over the past 10 years focusing on the junior mining sector, partnerships, property transactions and Teck’s junior mining equity investments. Prior to moving into a more business oriented role at Teck, he spent over a decade in the field on early to advanced stage exploration projects focused on gold and base metal exploration. He is currently a member of the Prospectors and Developers Association of Canada and the Association of Mineral Exploration BC where Mr Christopher was previously a member of the Board of Directors. During his term on the Board of the Association of Mineral Exploration BC, Mr Christopher served as Vice Chairman as well as on a number of committees including the Executive Committee and the Finance Committee, which he continues to serve on at this time.

Senior Management

Jeffrey Karoly, BSC ACA Chief Financial Officer and Company Secretary

  Mr Karoly, 43, is a Chartered Accountant and worked from 1997 to 2007 with Minorco/Anglo American in a number of finance and business development functions across the group in Europe, Southern Africa and Brazil, where he lived for two years, reporting to the Head of Exploration for Latin America. From 2008 to present he has been the Chief Financial Officer of South American Ferro Metals, a private company that has acquired, explored and developed an iron ore property in Brazil. Mr Karoly started his career at Coopers and Lybrand in London and Budapest and speaks Portuguese and French.

Roger Billington, Technical Consultant Nickel

  Ex head of Falconbridge nickel laterite exploration worldwide.  Project development including senior roles in the discovery and evaluation of the Touba-Biankouma nickel laterite deposits (Côte d’Ivoire), the Koniambo nickel laterite deposit (New Caledonia), the Sechol nickel laterite deposit (Guatemala) and the GlobeStar nickel laterite deposit (Dominican Republic).

Paul Nagerl   Country Manager Brazil

Mr. Nagerl is a geologist with some 25 years of experience in the mineral resource industry. He established Falconbridge Brazil Ltda, and initiated and successfully implemented Nickel and Platinum Group Element exploration programmes in Brazil that resulted in the discovery of the Serra de Tapa nickel laterite project in Araguaia.  Furthermore, Mr. Nagerl was involved in the development and management of nickel laterite deposits in Guatemala that were sold to BHP Billiton.

Total shares issued and outstanding in Horizonte Minerals Plc is 279,560,000. 

The Directors are aware of the following substantial interests or holdings in 3% or more of the Company’s ordinary called up share capital as at 6th September 2011.

Shareholder Number of shares % of issued capital

Teck Resources 123,280,240 44.0%

Anglo Pacific Group 31,650,000 11.3%

Quantom Holdings 30,000,000 10.7%

Richard Griffiths 11,332,143 4.04%

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Updated from company website 15th November 2011