LONDON, UK/ACCESSWIRE/24 January 2023/Horizonte Minerals Plc (AIM:HZM)(TSX:HZM) (“Horizonte” or “Company”)proceeded in parallel with the permitting process for its wholly-owned Vermelho Nickel Cobalt Project (“Vermelho” or “Project”), located 160 km from the Company’s construction stage Araguaia Nickel Project (“Araguaia”); I am pleased to announce the Work is underway on a feasibility study to be published in the first half of 2024.
We have submitted an Environmental and Social Impact Assessment (“EIA”) and the associated Relatório de Impacto Ambiental (“RIMA”) to the Para State Secretariat for Environment and Sustainability (“SEMAS”) and have Aiming for approval of /. RIMA and Subsequent Mid-2024 Grant of a Preliminary License (“LP”).
The LP grant is the first of a three-step environmental licensing process for developing mines in Brazil. By granting LP, SEMAS confirms that the project is acceptable from an environmental and social point of view.
Horizonte, in collaboration with Rambol Group (“Rambol”) (a leading global environmental and social consulting firm) and Integration (a leading Brazilian social consulting firm), has developed a data We collected and analyzed. Baseline social and environmental data designated by SEMAS to document Vermelho’s current physical, biological and social conditions. This process was enhanced by leveraging an extensive database of historical environmental and social data previously collected at his Vermelho by the project’s previous owner, Vale SA (“Vale”). Horizonte acquired Vermelho from Vale in 2017. After Vale successfully obtained the LP for the project and subsequently made a positive construction decision in 2005.
Horizonte Minerals CEO Jeremy Martin said:: “The EIA/RIMA submission and submission is another important milestone along Vermelho’s development path and continues to de-risk the project pipeline. We will work closely with local stakeholders to It provides significant employment opportunities for the region and provides significant socio-economic value.
“At the corporate level, we are pleased to see construction progressing well in Araguaia, where we are gearing up for the next phase of growth while we are on track to produce our first nickel in the first quarter of 2024. Vermelho feasibility study and Preliminary licenses, both to be finalized 2024.
About EIA/RIMA
Compliant with Brazilian environmental law, the EIA will catalog Vermelho’s current physical, biological and social environment and assess the potential impacts and benefits associated with the project. Extensive technical research supports EIA development covering subjects such as: Water availability and quality, air quality and noise, soil quality, flora and fauna, socio-economics, community health and safety, resettlement and cultural heritage. The EIA is supported by the mandated RIMA, a non-technical summary of baseline studies and impact assessments designed to help non-experts understand the project’s potential.
Horizonte has completed the collection and analysis of environmental and social data as specified by SEMAS. His EIA prepared by Rambol reflects his NI 43-101 compliant Pre-Feasibility Study (“PFS”) prepared by Snowden Mining Industry Consultants Limited in October 2019 and is currently in Feasibility Stage is proceeding to
For more information, visit www.horizonteminerals.com or contact:
Horizonte Minerals plc |
info@horizonteminerals.com |
Peel Hunt LLP (nominated advisor and co-broker) |
+44 (0)20 7418 8900 |
BMO (Joint Broker) |
+44 (0) 20 7236 1010 |
Tavistock (Financial PR) |
+44 (0) 20 7920 3150 |
About Horizonte Minerals
Horizonte Minerals plc (AIM/TSX: HZM) is developing two wholly owned Tier 1 projects in the state of Para, Brazil, the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large-scale, high-grade, low-cost, low-carbon and scalable. Araguaia is under construction, with first metal due in his early 2024, and when fully ramped up on Lines 1 and 2, it is projected to produce 29,000 tonnes of nickel per year. Vermelho is in the feasibility study stage and he plans to produce 25,000 tons of nickel and he 1,250 tons of cobalt to supply the EV battery market. Combined with Horizonte’s near-term production profile of over 60,000 tonnes of nickel per year, it positions the company as an important nickel producer globally. Horizonte’s top three shareholders are La Mancha Investments S.à rl, Glencore plc and Orion Resource Partners LLP.
Cautionary Note Regarding Forward-Looking Information
Except for statements of historical fact about the Company, certain information contained in this press release constitutes “forward-looking information” under the securities laws of Canada. Forward-looking information includes, but is not limited to, statements regarding the Company’s ability to complete the acquisition of the facilities described herein and the potential for the Company’s current or future real estate minerals projects. . the company’s ability to complete on time a positive feasibility study on his second his RKEF line in Araguaia, or the success of exploration and mining activities; Cost and timing of future exploration, production and development. the cost and timing of delivery of equipment purchased as described herein, estimates of mineral resources and reserves, and the Company’s ability to meet its goals for mineral resource growth; Realize estimates of mineral resources and reserves and achieve production in accordance with the company’s potential production profile, or at all. Forward-looking information is generally disclosed using forward-looking terms such as “plans,” “expects,” “does not expect,” “expects,” “budget,” “planned,” and “estimate.” can be identified using “predict,” “intend,” “predict,” “do not predict,” or “believe,” or that a particular action, event, or outcome “could,” “could,” ” Variations of the word or phrase or statement, “may” or “obtained”, “occurred” or “achieved”. Forward-looking information has been made in the light of management’s experience, trends, current conditions, recognition of expected developments and other factors that management believes to be relevant and reasonable. based on our reasonable assumptions, estimates, analyses, and opinions. the circumstances as of the date such statements are made, which inherently involve known and unknown risks, uncertainties and that our actual results, level of activity, performance or achievements may differ materially from those expressed; You may be subject to or be subject to other factors that may include, but are not limited to, risks related to: Implementation of his second his RKEF line in Araguaia planned or not at all, exploration and mining ri sks, competing with competitors with larger capital. Our inexperience with development stage mining operations. fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements. Exploration, Mining and Other Licenses. our future payment obligations; Potential disputes regarding our ownership of mining rights and their acreage. our reliance on our ability to raise sufficient funds in the future; our reliance on relationships with third parties; our joint ventures; the potential for currency fluctuations and political or economic instability in the countries in which we operate; exchange rate fluctuations; the ability to effectively manage the company’s growth; The trading market for our common stock. uncertainties regarding our plans to continue developing our business and new projects; The company’s reliance on key personnel. Along with potential conflicts of interest for our directors and officers and various risks associated with the legal and regulatory framework in which we operate, www. Annual Information Form, Araguaia Report, and Vermelho Report. The Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, but it is not possible to predict, estimate or intend results. There may be other factors that cause it to differ. There can be no assurance that such statements will prove to be accurate, as actual results or future events could differ materially from those projected in such statements.
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sauce: Horizonte Minerals PLC
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