LONDON, March 23, 2016 /CNW/ - Horizonte
Minerals Plc, (AIM: HZM, TSX: HZM) ('Horizonte'
or 'the Company') the nickel development company
focused in Brazil, announces that
its annual report and accounts for the year ended 31 December 2015, together with Management's
Discussion and Analysis as at 31 December
2015 and Notice of Meeting and Management Information
Circular were posted to shareholders on 22
March 2016 and are available to download on the Company's
website at www.horizonteminerals.com and on Sedar at
www.sedar.com
The Annual General Meeting will be held on
21 April 2016 at 2.30 p.m. at the offices of FinnCap Limited, 60
New Broad Street, London EC2M 1JJ,
United Kingdom.
About Horizonte
Minerals:
Horizonte Minerals plc is an AIM and
TSX-listed nickel development company focused in Brazil, which wholly owns the advanced
Araguaia nickel laterite project located to the south of the
Carajas mineral district of northern Brazil. The Company is
developing Araguaia as the next major nickel mine in
Brazil.
The Project, which has excellent
infrastructure in place including rail, road, water and power has a
current NI 43-101 compliant Mineral Resource of 71.98Mt grading
1.33% Ni (Indicated) and 25.4Mt at 1.21% Ni (Inferred) at a 0.95%
nickel cut-off; included in Resources is a Probable Reserve base of
21.2Mt at 1.66%Ni.
Horizonte has a strong shareholder
structure including Teck Resources Limited
(28.1%) and Henderson Global Investors (17.0%).
CAUTIONARY STATEMENT REGARDING
FORWARD LOOKING INFORMATION
Except for statements of historical fact
relating to the Company, certain information contained in this
press release constitutes "forward-looking information" under
Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the
potential of the Company's current or future property mineral
projects; the success of exploration and mining activities; cost
and timing of future exploration, production and development; the
estimation of mineral resources and reserves and the ability of the
Company to achieve its goals in respect of growing its mineral
resources; and the realization of mineral resource and reserve
estimates. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is based on the reasonable
assumptions, estimates, analysis and opinions of management made in
light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, and are
inherently subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to risks related to:
exploration and mining risks, competition from competitors with
greater capital; the Company's lack of experience with respect to
development-stage mining operations; fluctuations in metal prices;
uninsured risks; environmental and other regulatory requirements;
exploration, mining and other licences; the Company's future
payment obligations; potential disputes with respect to the
Company's title to, and the area of, its mining concessions; the
Company's dependence on its ability to obtain sufficient financing
in the future; the Company's dependence on its relationships with
third parties; the Company's joint ventures; the potential of
currency fluctuations and political or economic instability
in countries in which the Company operates; currency exchange
fluctuations; the Company's ability to manage its growth
effectively; the trading market for the ordinary shares of the
Company; uncertainty with respect to the Company's plans to
continue to develop its operations and new projects; the Company's
dependence on key personnel; possible conflicts of interest of
directors and officers of the Company, and various risks associated
with the legal and regulatory framework within which the Company
operates.
Although management of the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements.
SOURCE Horizonte Minerals plc