Positive Pre-Feasibility Study on Enlarged 100% owned Araguaia Nickel Project in Brazil
In this interview, Share Talk spoke with Jeremy Martin, CEO of AIM-listed Horizonte Minerals (HZM) in connection with their announcement today of positive economic results from an updated Pre-Feasibility Study on its 100%-owned Araguaia Nickel Project in Brazil, which now includes the adjacent Glencore asset purchased in Q3. The combined Tier 1 Araguaia project is now being developed as one of the largest and highest grade nickel saprolite resources globally.
Jeremy goes into detail as to what this means with regards to the grades found at the Araguaia Nickel Project, its mining life, the economics/level of projected profitability and the fact this project will be coming on stream when nickel inventory demand is rising and supply is reducing. He explains the next major milestones for the project and the potential for an uplift in their share price.
Jeremy explained that the Araguaia Project is viable in the current pricing environment, their roadmap to production, the strength of the team they have put in place, how things have been derisked and the potential actions the team could take. He reiterated that the focus now is to get Araguaia Nickel Project to the Feasibility stage within the next 12-24 months and that HZM is well positioned going forward.