viewHorizonte Minerals PLC

Horizonte Minerals expands footprint around Araguaia nickel project

Horizonte is consolidating its position as a major holder of nickel ground in Para State, Brazil

Examining drill core at Araguaia

Horizonte Minerals Plc (LON: HZM, TSE: HZM) has been awarded three new mineral exploration concession areas adjacent to the Araguaia North deposits which form part its 100% owned Araguaia nickel project in Brazil.  

The new land package covers 1,748 hectares and contains ultramafic intrusions of a similar type to those hosting the high-grade nickel resource at Araguaia's Vale dos Sonhos deposit.

The company is now looking to acquire more ground as it seeks to consolidate its position as the developer of the next major nickel project in Brazil.

The new ground will be the subject of a reconnaissance exploration programme to identify new drill targets that demonstrate potential for additional zones of new nickel mineralisation

Meanwhile, the feasibility study for the wider project remains on schedule and on budget for delivery by the end of 2017

"Whilst the Feasibility Study is underway at Araguaia we have also been busy adding to our land position,” said chief executive Jeremy Martin. 

“This forms part of our continuing strategy to consolidate the Araguaia nickel belt and provides future value uplift potential to increase our project nickel resources.” 

Quick facts: Horizonte Minerals PLC

Price: 7.45 GBX

Market: AIM
Market Cap: £107.98 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Horizonte Minerals PLC named herein, including the promotion by the Company of Horizonte Minerals PLC in any Content on the Site, the Company...


Horizonte Minerals says completing aero survey for power line to Araguaia is...

Jeremy Martin, CEO of Horizonte Minerals Plc (LON:HZM, TSE:HZM) tells Proactive that detailed survey of the power line route to Araguaia project has been completed and contracts awarded to leading Brazilian consultants. “All of the subsidiary building blocks - the power, the water - are...

on 21/6/18

2 min read