Horizonte Minerals Regulatory News (HZM)

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

AIM BLOCK LISTING SIX MONTHLY RETURN

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Date: 1 April 2015

AIM BLOCK ADMISSION SIX MONTHLY RETURN TO 31 MARCH:

a. Name of company

Horizonte Minerals plc

b. Name of scheme(s)

The Enterprise Management Incentive Scheme

The 2006 Scheme

c. Period of return:

From 1 October 2014 to 31 March 2015

d. Number and class of securities not issued under scheme at the start of this period

25,860,000 ordinary shares of 1p each

e. Number of shares issued under scheme during period

Nil

f. Balance under scheme not yet issued / allotted at the end of this period

55,000,000 ordinary shares of 1p each*

\* This includes the 29,140,000 ordinary shares of 1p each admitted to trading on AIM on 11 November 2014

g. Number and class of share(s) (amount of stock / debt securities) originally listed and the date of admission;

27,380,000 Ordinary Shares of 1p each, block listed on 28 September 2011

Please confirm your total issued share capital as at the end of this period.

(If you hold any shares in Treasury state the figure separately);

492,427,105 ordinary shares of 1p each and Nil Treasury shares

h. Contact name and telephone number for queries;

Name

Jeffrey Karoly

Position

CFO Horizonte Minerals plc

Telephone

0207 763 7157

Date

31 March 2015

* * ENDS * *

For further information visit www.horizonteminerals.com or contact:

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, with targeted production by late 2017 early 2018.

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.

A Pre-Feasibility Study has been completed which underpins the robust economics of developing a mine with a targeted 15,000tpa nickel in ferro-nickel output with a 20% Fe-Ni product over a 25 year mine life utilising the proven pyrometallurgical process of Rotary Kiln Electric Furnace technology. At these production rates, the project has a post-tax NPV of US$519m at a discount rate of 8% and an IRR of 20%, with a capital cost of US$582m which puts this project in the lowest quartile of the cost curve. 

Horizonte has a strong shareholder structure including Teck Resources Limited 38.5%, Henderson Global Investors 14%, Anglo Pacific Group 7%.