Horizonte Minerals PLC Operations Director Appointed for Araguaia Project
August 24 2023 - 1:00AM
RNS Non-Regulatory
TIDMHZM
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 or
contact:
Horizonte Minerals plc 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)
Ross Allister
David McKeown +44 (0)20 7418 8900
---------------------------
BMO (Joint Broker)
Thomas Rider
Pascal Lussier Duquette
Andrew Cameron +44 (0) 20 7236 1010
---------------------------
Barclays (Joint Broker)
Philip Lindop
Richard Bassingthwaighte +44 (0)20 7623 2323
---------------------------
Tavistock (Financial PR)
Emily Moss
Cath Drummond +44 (0) 20 7920 3150
---------------------------
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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