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AIM: HZM 1.70 GBX
TSX: HZM 0.03 CAD
Developing the next major nickel project in Brazil

ENVIRONMENT AND SOCIAL

The Project is located in the Canaã dos Carajás town, founded in 1994, Pará state, north of Brazil. The Carajás region boasts some of the richest reserves and concentrations of iron ore globally.

Mining and related industries in the Canaã dos Carajás municipality play a vital role in the socio-economic fabric of the region, with the municipality presenting considerable per capita income, the second highest of the Pará state.

The Vermelho project’s pre-feasibility sets out key environmental and social aspects of the project. Important environmental studies for the advancement of project licensing stages were completed by Vale. HZM will utilize the studies and baseline data collected by previous owners to inform and expedite new environmental impact studies.

The following mining and environmental permits were granted to Vale by the end of 2016:

  • EIA/RIMA studies (Environmental Impact Study (EIS) and Environmental Impact Report (EIR)) issued
  • Award of Preliminary Licence (LP)
  • Environmental Controls Plan issued
  • Application for Installation Licence (LI)
  • Final Exploration Report approved
  • Mine Plan (Plano de Aproveitamento Economico – PAE) approved.

Whilst a new environmental permit pathway is proposed, the previously awarded permits for Vermelho demonstrate very positive signals for HZM. HZM will utilize studies and baseline data collected by previous owners to inform and expedite new environmental impact studies. As HZM will recommence the licensing for Vermelho, the Company will both update studies and undertake new studies to accurately characterize the current physical environment, biological environment and social settings.

The Company anticipates that it will undertake an updated environmental impact study for Vermelho throughout 2020, which is anticipated to lead to the award of a new Preliminary Licence (LP) for the project shortly after.

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