Today's guest on the ValuetheMarkets podcast is Jeremy Martin, CEO of Horizonte Minerals (LSE:HZM). The company 100pc owns two advanced Tier 1 nickel projects in Brazil. The Araguaia project is a Ferronickel mine which is forecast to generate $1.6bn dollars free cashflow over an initial 28-year mine life. The second project, Vermelho, is a nickel-cobalt project located near Araguaia.
Today the firm has announced a significant new nickel resource at the Serra Do Tapa deposit, adding 30pc to its total Mineral Resource inventory. In the interview, Jeremy discusses this news from Serra Do Tapa and details the remaining required stages at Araguaia on its path to production.
Jeremy also highlights the significantly improved economics of the project in light of an increase in the nickel price since the Feasibility Study was completed in 2018, and cites this as ‘an exciting time for the company’.
Author: Stuart Langelaan
Disclosure: The author does not own shares in the company mentioned above. The author was not paid for this piece
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