License Mine Construction License Application Submitted For Araguaia Project

LONDON, UK – Horizonte Minerals Plc has completed and filed the Mine Construction License (LI) for its Araguaia nickel project in Brazil. The LI was submitted to SEMAS, the Pará State authority responsible for environmental licensing, for the construction of the Project, including mine, associated infrastructure and pyro-metallurgical processing plant.

Jeremy Martin, CEO, said, “The submission of the Mine Construction License (LI) marks a major milestone for the Araguaia nickel project, as it moves towards the construction decision. The work required to collect the data and develop the suite of documents that make up the LI has been finalized as part of Araguaia’s ongoing Feasibility Study, which is on track for completion in Q1 2018. This has been a major piece of work, involving a number of consulting groups across a variety of disciplines led by our inhouse team.

"The Araguaia project has the potential to create approximately 500 new jobs in the operational phase in a rural area where the average family income ranges between US$2 – US$4 per day. As a result, the Pará Government considers Araguaia to be a key economic driver for the southern part of the State. Additionally, we continue to receive positive community support for the project as evidenced through our ongoing community engagement programs."