TIDMHZM
RNS Number : 4961K
Horizonte Minerals PLC
11 April 2018
NEWS RELEASE
11 April 2018
Horizonte receives Water Permit approval for commercial Mining
and Processing operations at Araguaia
____________________________________________________________________
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ('Horizonte' or
'the Company') is pleased to announce that it has been granted the
definitive Water Permit (Outorga in Portuguese), for industrial
water consumption at the planned Araguaia Nickel Project
('Araguaia') by the Brazilian Pará State Environmental Agency
('SEMAS'). The Water Permit, granted to Horizonte's wholly owned
subsidiary, Araguaia Níquel Metais Ltda., is another key permit and
brings the Company closer to its objective of being
'construction-ready', by the end of 2018.
Highlights
-- SEMAS has approved the Water Permit for abstraction and industrial use at Araguaia;
-- The permit guarantees access to water, required for the
full-scale commercial operation at Araguaia, including mining and
beneficiation plant activities;
-- The approval of the Water Permit further de-risks Araguaia,
as it ensures that the project will have sufficient water to
conduct open-pit mining operations and operate the process plant
continuously for 24 hours a day, 365 days per year;
Horizonte CEO, Jeremy Martin, commented:
"The approval and award of the water permit is another
significant milestone in the development of the Araguaia Project.
The availability of water for mining projects is a key risk in many
countries, the permit guarantees the Company access to the water
required for the mining and processing to produce 14,500 tonnes of
nickel per year.
Elsewhere on the project we are working towards the completion
of the Feasibility Study due mid-year, together with advancing the
final permits required to ensure the project is construction ready
and moving forwards with strategic initiatives relating to the
project financing."
Details on the Water Permit
Horizonte has conducted multiple years of baseline environmental
data collection in the region, including flow monitoring of the
Arraias River. Water is planned to be pumped from the Arraias River
through a pipeline approximately 11 km to the water cooling dam
which will be located beside the Araguaia beneficiation plant.
Environmental Resource Management ('ERM') consultants in the
United Kingdom developed an integrated water balance hydrological
model with input from the other FS consulting groups and
Horizonte's engineering team. The water balance reflects the
seasonal conditions of northern Brazil and ensures water
requirements are met for continuous running of the process plant
during 24 hours a day over the Life of Mine. Araguaia's planned
operation includes a closed-circuit system and the Company aims to
recycle between 80%-90% of the total water used in the process.
Infrastructure layouts were designed to take advantage of the
topography and drainage systems in the region, thereby further
increasing the sustainability of the project. Details of
infrastructure layouts will be released in the FS, due to be
announced in mid-2018.
The Water Permit is designed to regulate Araguaia's water
consumption for commercial mining operations and the Permit sets
out the conditions and requirements for us to continue to
successfully protect the environment in which we operate. Horizonte
is continuing its discussions with SEMAS to progress additional
permits necessary to commence construction of the Araguaia
project.
The abstraction limits specified in the Water Permit allows for
the required water consumption, including contingency, envisaged in
the Feasibility Study.
The Araguaia Nickel Project
Araguaia, which is 100% owned by Horizonte, is located on the
eastern margin of the
State of Pará, north-eastern Brazil, in the Municipal of
Conceição do Araguaia (population of 46,206), south of the main
Carajás Mining District.
The region has good infrastructure in place including rail,
road, water and power. Araguaia plans to produce around 14,500
tonnes of contained nickel in approximately 50,000 tonnes of
ferronickel per year from processing 0.9 million tonnes of ore via
the proven and widely utilized Rotary Kiln Electric Furnace (RKEF)
process route.
This announcement contains inside information for the purposes
of Article 7 of EU
Regulation 596/2014.
* * ENDS * *
For further information visit www.horizonteminerals.com or
contact:
Contacts:
Horizonte Minerals plc.
Jeremy Martin (CEO)
+44 (0)203 356 2901
Numis Securities Limited (Broker)
John Prior/James Black/Paul Gillam
+44 (0)207 260 1000
FinnCap Ltd (NOMAD & Joint Broker)
Christopher Raggett/ James Thompson /
Anthony Adams / Emily Morris
+44 (0) 20 7220 0500
Shard Capital (Joint Broker)
Damon Heath / Erik Woolgar
+44 (0) 20 7186 9952
Tavistock (Financial PR)
Gareth Tredway / Jos Simson / Barney Hayward
+44 (0) 20 7920 3150
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed nickel
development company focused in Brazil, which wholly owns the
advanced Araguaia nickel laterite project located south of Carajás
and the Vermelho nickel-cobalt project located in the Carajás
mineral district of northern Brazil.
The Company is developing Araguaia as the next major nickel mine
in Brazil, with targeted production by 2021. The Project has good
infrastructure in place including rail, road, water and power.
Horizonte has a supportive shareholder structure including Teck
Resources Limited, Canaccord Genuity Group, Richard Griffiths,
Lombard Odier Asset Management (Europe) Limited, JP Morgan, City
Financial and Glencore.
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, statements with respect to the potential of the
Company's current or future property mineral projects; the success
of exploration and mining activities; cost and timing of future
exploration, production and development; the estimation of mineral
resources and reserves and the ability of the Company to achieve
its goals in respect of growing its mineral resources, and the
realization of mineral resource and reserve estimates. 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: 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. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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