Horizonte Minerals, the world's leading nickel investment company

Stage 1

Stage 2

Nickel Price US$/t

US$12,000/t

US$28,000/t

NPV₈ post tax

IRR post tax

Free cash flow over LOM
(after capital payback)

Capital costs

*The above NPV Calculator is based on the Araguaia nickel project Feasibility Study, including Phase 2 expansion results published 43-101 report filed on SEDAR in December 2018.

Vermelho Nickel-Cobalt Project

Nickel Price US$/t

US$12,000/t

US$28,000/t

NPV₈ post tax

IRR post tax

Free cash flow over LOM
(after capital payback)

Capital costs

*The above NPV Calculator is based on the Vermelho nickel project Feasibility Study.

Horizonte Minerals

Horizonte Minerals

AIM and TSX listed nickel company with operations in Brazil

Araguaia Project

Brazil’s next major ferronickel mine for the stainless steel market

Vermelho

High-grade, low-cost nickel-cobalt project to supply the emerging battery market

Nickel

A critical base metal

Horizonte Minerals is a leading nickel company that is developing two, tier one projects in Pará State, Brazil. The Araguaia ferronickel project and the Vermelho nickel-cobalt project are both high grade, lowest cost quartile, long mine life projects. These projects provide Horizonte with a scalable production profile of ~50,000m tonnes of nickel per year. This profile positions Horizonte in the top nickel producers globally. As a critical component in both stainless steel and new battery technology, nickel is a key enabler of the clean energy transition. As a member of this sustainability driven supply chain Horizonte is developing its operations focused on producing a low carbon product, ethically, safely and responsibly.