RCS - Horizonte Minerals - Operations Director Appointed for Araguaia Project

Horizonte MineralsAnnouncement

24/08/2023 07:00

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RNS Number : 2487K  Horizonte Minerals PLC  24 August 2023

REACH

24 August 2023

 

HORIZONTE MINERALS PLC APPOINTS OPERATIONS DIRECTOR FOR THE ARAGUAIA NICKEL
PROJECT

 

Horizonte Minerals Plc (AIM/TSX: HZM) ("Horizonte" or the "Company") a nickel
company developing two Tier-1 assets in Brazil, is pleased to strengthen its
management team with the appointment of Mr. Fernando Marino as its Operations
Director for the Araguaia Nickel Project ("Araguaia" or "the Project").

 

Jeremy Martin, CEO of Horizonte, commented: "We are pleased to welcome
Fernando as Operations Director for the Araguaia Nickel Project, which marks
an important milestone for Horizonte as we prepare to bring Araguaia into
production given that construction is now around 65% complete. Fernando's
extensive experience in commissioning, production ramp-up, and operating
Brazilian nickel operations, coupled with over 20 years of stakeholder
engagement experience in the Para state, will be invaluable at Araguaia and we
look forward to working with him."

 

Fernando has over 35 years of experience in the resources industry, with a
strong track record of ramping up and operating mining operations in Brazil.
He worked across a range of mining operations for Vale in Brazil, including as
Director of Operations at Onça Puma, a ferronickel operation in Para state
located approximately 250 km from Araguaia. During his time at Onça Puma, he
managed the initial ramp-up phase and subsequently implemented improvements to
the original furnace design in conjunction with Hatch (Araguaia's furnace
vendor). Additionally, he led a comprehensive review of the operational,
maintenance and safety procedures, resulting in a record annual production of
25,000 tonnes of nickel, without any lost-time accidents. Prior to joining
Horizonte, Fernando was Executive Manager at Vale's Base Metals South Atlantic
operations, and previously managed the Salobo copper mine and plant.

 

 

 

For further information, visit www.horizonteminerals.com
(http://www.horizonteminerals.com) or contact:

 

 Horizonte Minerals plc                                                     info@horizonteminerals.com (mailto:info@horizonteminerals.com)

 Jeremy Martin (CEO)                                                        +44 (0) 203 356 2901

 Simon Retter (CFO)

 Patrick Chambers (Head of IR)

 Peel Hunt LLP (Nominated Adviser & Joint Broker)                           +44 (0)20 7418 8900

 Ross Allister

 David McKeown

 BMO (Joint Broker)                                                         +44 (0) 20 7236 1010

 Thomas Rider

 Pascal Lussier Duquette

 Andrew Cameron

 Barclays (Joint Broker)                                                    +44 (0)20 7623 2323

 Philip Lindop

 Richard Bassingthwaighte

 Tavistock (Financial PR)                                                   +44 (0) 20 7920 3150

 Emily Moss

 Cath Drummond

 

 

ABOUT HORIZONTE MINERALS

Horizonte Minerals Plc (AIM/TSX: HZM) is developing two 100%-owned, Tier 1
projects in Pará state, Brazil - the Araguaia Nickel Project and the Vermelho
Nickel-Cobalt Project. Both projects are large scale, high-grade, low-cost,
have low carbon emission intensities and are scalable. Araguaia is under
construction with first metal scheduled for 1Q 2024. When fully ramped up with
Line 1 and Line 2, Araguaia is forecast to produce 29,000 tonnes of nickel per
year. Vermelho is at feasibility study stage and is expected to supply nickel
to the critical metals market. Horizonte's combined production profile of over
60,000 tonnes of nickel per year positions the Company as a globally
significant nickel producer. Horizonte's top three shareholders are La Mancha
Investments S.à r.l., Glencore Plc and Orion Resource Partners LLP.

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain
information contained in this press release constitutes "forward-looking
information" under Canadian securities legislation. Forward-looking
information includes, but is not limited to, the ability of the Company to
complete any planned acquisition of equipment, statements with respect to the
potential of the Company's current or future property mineral projects; the
ability of the Company to complete a positive feasibility study regarding the
second RKEF line at Araguaia on time, or at all, the ability of the Company to
complete a positive feasibility study regarding the Vermelho Project on time,
or at all, the success of exploration and mining activities; cost and timing
of future exploration, production and development; the costs and timing for
delivery of the equipment to be purchased, the estimation of mineral resources
and reserves and the ability of the Company to achieve its goals in respect of
growing its mineral resources; the realization of mineral resource and reserve
estimates and achieving production in accordance with the Company's potential
production profile or at all. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or "will
be taken", "occur" or "be achieved". Forward-looking information is based on
the reasonable assumptions, estimates, analysis and opinions of management
made in light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the date that
such statements are made, and are inherently subject to known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking information,
including but not limited to risks related to: the inability of the Company to
complete any planned acquisition of equipment on time or at all, the ability
of the Company to complete a positive feasibility study regarding the
implementation of a second RKEF line at Araguaia on the timeline contemplated
or at all, the ability of the Company to complete a positive feasibility study
regarding the Vermelho Project on the timeline contemplated or at all,
exploration and mining risks, competition from competitors with greater
capital; the Company's lack of experience with respect to development-stage
mining operations; fluctuations in metal prices; uninsured risks;
environmental and other regulatory requirements; exploration, mining and other
licences; the Company's future payment obligations; potential disputes with
respect to the Company's title to, and the area of, its mining concessions;
the Company's dependence on its ability to obtain sufficient financing in the
future; the Company's dependence on its relationships with third parties; the
Company's joint ventures; the potential of currency fluctuations and political
or economic instability in countries in which the Company operates; currency
exchange fluctuations; the Company's ability to manage its growth effectively;
the trading market for the ordinary shares of the Company; uncertainty with
respect to the Company's plans to continue to develop its operations and new
projects; the Company's dependence on key personnel; possible conflicts of
interest of directors and officers of the Company, and various risks
associated with the legal and regulatory framework within which the Company
operates, together with the risks identified and disclosed in the Company's
disclosure record available on the Company's profile on SEDAR at
www.sedar.com, including without limitation, the annual information form of
the Company for the year ended December 31, 2022, and the Araguaia and
Vermelho Technical Reports available on the Company's website
https://horizonteminerals.com/. Although management of the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements.

 

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