RE: RNS19 May 2022 08:03
Jeremy Martin, CEO of Horizonte, commented:
"We are extremely excited to have broken ground at our fully-funded Araguaia project. We are a step closer to achieving our vision of bringing this Project into production and generating first revenues. This all comes at a time where the nickel market is facing constrained supply which will benefit Horizonte as we become a globally significant producer.
"Our team has made excellent progress on the key aspects of engineering, procurement and site works. Whilst we are facing inflationary pressures along with all other global projects, to date we have been able to award approximately 50% of our pre-contingency project direct capex on budget, which is a very positive result."