Horizonte Minerals Plc

Horizonte Minerals Plc

Horizonte Minerals Plc

www.horizonteminerals.com

 AIM-HZM

26 Dover Street
London
W1S 4LY

 020 7763 7157

The Minesite View

Horizonte Minerals is headed up by two well-known resources entrepreneurs: Jeremy Martin and David Hall. The company holds the Araguaia nickel deposit in Brazil, which it is slowing working up towards a production decision. Mining major Teck stands well behind the company, so any investors worried about the ultimate costs of building a major nickel project in South America ought to be somewhat reassured. Also worth noting though is that Xstrata has a similar sized nickel deposit only a few kilometres to the north, and that it’s unlikely that two large nickel deposits will be developed independently in such close proximity. So consolidation is likely the order of the day at some stage. But precisely when remains to be seen.