Aim Block Listing Six Monthly Return

RNS Number : 9626B

Horizonte Minerals PLC

12 October 2015

 

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

AIM BLOCK LISTING SIX MONTHLY RETURN

____________________________________________________________________

Date: 12 October 2015

AIM BLOCK ADMISSION SIX MONTHLY RETURN TO 30 September 2015:

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 April 2015 to 30 September 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

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 (since enlarged to 647,427,105 ordinary shares of 1p each pursuant to the placings announced on 28 September 2015, 2 October 2015 and 9 October 2015) 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

12 October 2015

* * ENDS * *

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

Jeremy Martin	Horizonte Minerals plc	Tel: [phone]
David Hall	Horizonte Minerals plc	Tel: [phone]
Joanna Scott Christopher Raggett	finnCap Ltd (Corporate Broking) finnCap Ltd (Corporate Finance)	Tel: [phone] Tel: [phone]
Felicity Winkles Lottie Brocklehurst	St Brides Partners Ltd (PR) St Brides Partners Ltd	Tel: [phone] Tel: [phone]

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 Carajàs mineral district of northern Brazil. 

The Company is developing Araguaia as the next major nickel mine in Brazil, with targeted production by 2019

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. 

 

END

 

 

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