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Horizonte Minerals (AIM:HZM) is a London-listed nickel development company focused on Brazil, where it owns two assets based south of the world-renowned Carajás mineral district. Horizonte plans to profit from the forecast adoption of electric vehicles and energy storage, which it expects to increase demand for raw battery materials.

The most advanced of Horizonte’s projects is Araguaia, which it is developing as Brazil’s next ferronickel mine. Production is targeted for 2022. A feasibility study gave Araguaia a 26-year mine life, generating $2.6bn of cash with an NPV of $741m and an IRR of 23.8pc against an upfront capital cost of $443m. This figure was reached using a conservative nickel price forecast of $14,000/t and assumed the construction of a second process line that would double production capacity at the site to 29,000t/a of nickel.

Meanwhile, a full feasibility study completed on Vermelho, which Horizonte acquired from Vale in 2017, demonstrated nameplate capacity of 46,000ts of nickel and 2,500ts of cobalt per year.

Latest Articles

Brazil-focused Horizonte Minerals (LSE:HZM; TSX:HZM) has revealed that it is in a strong position to trade out of the current lockdown with £17 million cash on hand - £11 million ahead of the same p...

The future of many junior miners has become rather less clear over the last few weeks in the face of falling commodity prices and uncertainty around when investor demand, cash, and liquidity will retu...

Junior nickel player Horizonte Minerals (LSE:HZM) reassured investors that coronavirus is yet to have a significant impact on its operations on Tuesday. The firm said it remains well funded to achiev...

Following an exciting 2019 that saw it deliver stellar progress across both of its Brazilian nickel projects, Horizonte Minerals (LSE:HZM) has sat relatively flat so far this year, failing to break ou...

Against a backdrop of surging nickel prices (up over 50% year-to-date), Horizonte Minerals (LSE:HZM) has made great progress at its wholly-owned Araguaia nickel project in Brazil over the course of 20...

The recent resurgence in interest surrounding Nickel stocks is one beacon of positive light in the natural resource equity market, where there certainly hasn’t been much light of late.  Within this...

Horizonte Minerals (LON:HZM) announced last Thursday that it had completed and filed the Social Environmental Impact Assessment  (SEIA) for its Araguaia Nickel Project with the Environmental Agency i...

On 25th March, Horizonte Minerals (LON:HZM) announced their Pre-Feasibility Study confirming the economic and technical viability of their Araguaia Nickel Project in Brazil. We took this opportunity t...

At the end of 2009 we published our first article on Horizonte Minerals (LON:HZM) entitled ‘Oh Mr Martin what shall we do?’ pointing out what we saw as a serious disparity between the company’s ...