Quantcast
Last updated on April 18, 2014 at 5:30 EDT

Horizonte Minerals – Change of Adviser

June 28, 2012

TORONTO, June 29, 2012 /PRNewswire/ – Horizonte Minerals Plc, (AIM: HZM) (TSX: HZM) (‘Horizonte’ or ‘the Company’) the exploration and development company focused in Brazil, is pleased to
announce the appointment of finnCap Ltd as nominated adviser and broker
with immediate effect.


About Horizonte Minerals:

Horizonte Minerals plc is a leading exploration and development company
in Brazil with two committed major mining partners – Teck Resources and
AngloGold. The Company’s wholly owned flagship nickel project,
Araguaia, is located south of the world-class Carajas Mineral district
in northern Brazil. The Company has released an updated 43-101 Mineral
Resource Estimate of 39.3 million tonnes grading 1.39% nickel in the
Indicated category and 60.9 million tonnes averaging 1.22% Ni in the
Inferred category, which places the project in the upper quartile of
developing global nickel assets in terms of size and grade.

During the past year Horizonte has delivered on key milestones within
budget and on schedule. 2012 will be active in terms of milestone
delivery adding value to the Company as it continues to develop
Araguaia towards production.

The Company is also active with gold exploration in northern Brazil
which it is successfully developing with its JV partner AngloGold
Ashanti Limited, giving Horizonte a second commodity focus and adding
further value to the Company with minimum capital risk exposure.

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


Source: PR Newswire