Snowden will act as lead consultant on study Horizonte's Araguaia Nickel Project
TORONTO—Horizonte Minerals Plc, a Brazil-focused exploration and development company, has awarded the pre-feasibility study (PFS) contract to advance its 100-percent owned Araguaia nickel project south of the Carajas mining district in northern Brazil, to Snowden Mining Industry Consultants. Snowden, a global mining consultancy, will act as lead contractor and will manage a group of third-party consulting groups to deliver the study, expected to be completed in 2014. The study will further refine the technical and economic parameters of the project to determine its viability.
The award follows extensive work completed by Horizonte at Araguaia, the company said, which includes 25,900m of drilling ; a completed preliminary economic assessment and completed metallurgical test work. As part of the study, Snowden will undertake an update to the February 2012 NI 43-101 compliant resource, following 9,300m of infill drilling by Horizonte in June.
“We are delighted to have finalised the PFS contracts and are pleased to be working with Snowden and the associated consulting groups,” said Horizonte CEO Jeremy Martin. “We will be using IGEOLOGIA, a Brazilian engineering company, for the Rotary Kiln Electric Furnace plant design; their team has extensive pyrometallurgical processing experience of nickel laterites in Brazil, and globally. The aim is to deliver the PFS in H1 2014 which we believe will be a major milestone and a value driver for the Company. The completion of the PFS will be another step to de-risking our 100-percent owned flagship project and highlighting Araguaia’s financial and technical merits as the next potential major nickel development project in Brazil.”