Annual Report and Accounts and Notice of AGM

RNS Number : 8787C
Horizonte Minerals PLC
14 March 2011
 



Horizonte Minerals plc / Index: AIM / Epic: HZM / Sector: Mining

14 March 2011

Horizonte Minerals plc ('Horizonte' or 'the Company')

Annual Report and Accounts and Notice of AGM

 

Horizonte, the AIM-quoted exploration and development company focused in Brazil, announces that its annual report and accounts for the year ended 31 December 2010 have been posted to shareholders and is available to download on the Company's website at www.horizonteminerals.com.

 

The Annual General Meeting will be held on 29 March at 2 pm at the offices of Panmure Gordon & Co plc at 155 Moorgate London EC2M 6XB.

 

**ENDS**

 

Jeremy Martin

Horizonte Minerals plc

Tel: +44 (0) 20 7763 7157

David Hall

Horizonte Minerals plc

Tel: +44 (0) 20 7763 7157

Dominic Morley

Panmure Gordon (UK) Limited

(Nomad and Broker)

Tel: +44 (0) 20 7459 3600

Katherine Roe

Panmure Gordon (UK) Limited

Tel: +44 (0) 20 7459 3600

Hannah Woodley

Panmure Gordon (UK) Limited

Tel: +44 (0) 20 7459 3600

Joanna Weaving

finnCap Ltd (Joint Broker)

Tel: +44 (0) 20 7600 1658

Matthew Robinson

finnCap Ltd

Tel: +44 (0) 20 7600 1658

Ben Thompson

finnCap Ltd

Tel: +44 (0) 20 7600 1658

Felicity Edwards

St Brides Media & Finance Ltd (PR)

Tel: +44 (0) 20 7236 1177

Hugo de Salis

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

Notes

 

Horizonte Minerals plc is an AIM quoted exploration and development company with a portfolio of nickel and gold projects in the Carajas District of Brazil.  The Company is focused on creating value by generating and rapidly advancing exploration projects in tandem with joint ventures with major mining companies, providing mid-term cash flow which is then used to develop the business and pipeline projects.

 

Horizonte has two committed major mining partners: Teck Resources Limited, a major strategic shareholder in the Company, and AngloGold Ashanti Limited, a JV partner on the gold portfolio.

 

Horizonte owns 100 per cent of the advanced Araguaia nickel project located to the south of the Carajas mineral district of northern Brazil; the project has the potential to deliver a resource with size and grades comparable to other world-class projects in northern Brazil.  Horizonte also recently reached agreement with Lara Exploration to acquire the Vila Oito project also within the Carajas mineral district, which has the potential to host a resource of a 10 to 11 Mt grading 1.3 to 1.4% Ni, and further consolidates the Company's position in the greater Araguaia district.

 

In addition Horizonte and AngloGold Ashanti have a US$5.3 million exploration alliance to generate and develop new and existing gold targets within two areas of Brazil and a further JV with the major whereby AngloGold Ashanti can earn into 51% of the Falcao gold project by expending US$4.5 million over three years with the right to earn a further 19% by taking the project to Pre-feasibility Study.

 

Horizonte is well funded to accelerate the development of its core projects.

 

 


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