Horizonte Minerals PLC, commonly referred to as LON HZM, is a UK-based mineral exploration company. It primarily operates in Brazil, where it explores and develops nickel and gold projects. The company was founded in 2006 and has since established itself as a significant player in the Brazilian mining industry.
LON HZM's flagship project is the Araguaia Nickel Project, located in the state of Pará, Brazil. The project is estimated to hold around 72 million tonnes of nickel laterite, making it one of the largest undeveloped nickel projects in the world. The company completed a feasibility study for the project in 2018, which indicated that it has the potential to produce around 14,500 tonnes of nickel per year over a 28-year mine life. LON HZM plans to begin construction on the Araguaia Nickel Project in 2022, with production expected to commence in 2024.
In addition to the Araguaia Nickel Project, Horizonte Minerals PLC also has the Vermelho Nickel-Cobalt Project in its portfolio. This project is located in the same region as the Araguaia Nickel Project and is estimated to hold around 310 million tonnes of nickel laterite. The company is currently conducting a pre-feasibility study for the project, which is expected to be completed in the first half of 2022.
Apart from its nickel projects, Horizonte Minerals PLC also has a gold project in Brazil called the Boa Vista Gold Project. The project is located in the Tapajós region, which is known for its significant gold deposits. The company completed a feasibility study for the project in 2012, which indicated that it has the potential to produce around 120,000 ounces of gold per year over a 10-year mine life. LON HZM has not yet made a final investment decision on the project.
Overall, LON HZM has a strong portfolio of projects in Brazil, with the potential to become a significant producer of nickel and gold in the region. However, like all mining companies, it is exposed to a range of risks, including commodity price volatility, regulatory and environmental risks, and operational risks. Investors should carefully consider these risks before investing in LON HZM.
In conclusion, LON HZM is a mineral exploration company with a strong portfolio of nickel and gold projects in Brazil. Its flagship project, the Araguaia Nickel Project, is one of the largest undeveloped nickel projects in the world, and the company has plans to commence production in 2024. While LON HZM is exposed to various risks, it has the potential to deliver significant returns to investors if it can successfully develop and operate its projects.
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