logo-loader
viewHorizonte Minerals PLC

Horizonte completes trial excavation programme at Araguaia

Results from trial excavation work will be plugged into Horizonte's ongoing feasibility work at Araguaia

workers
Examining drill core at Araguaia

Horizonte Minerals Plc, (LON:HZM) has completed a trial excavation programme at its Araguaia nickel project in Brazil.

The programme included pre-mining diamond drilling, a test pit with around 27,000 tonnes of ore mined and analysis of the mined material.

WATCH: Big step-change for Horizonte Minerals with 'exciting' nickel-cobalt acquisition

The trial was supervised by well-known mining consultant Snowden, which is also compiling the technical and economic results with the aim of incorporating them into the ongoing feasibility study being conducted at Aragauia.

"The completion of the trial excavation programme at Araguaia, marks another key development milestone for Horizonte,” said Horizonte chief executive Jeremy Martin.

READ: Horizonte acquires Vermbelho nickel-cobalt project from Vale

“This programme has generated real in-situ data that will allow us to confirm the mining technique, slope stability, grade profiles, dewatering requirement with additional work on ore handling which has allowed the primary crushing design to be finalised. The feasibility study is well advanced with the focus now around the build-up of the capital costs, the implementation strategy and overall project economics.”

 

 

Quick facts: Horizonte Minerals PLC

Price: 1.85 GBX

AIM:HZM
Market: AIM
Market Cap: £26.76 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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