Today’s guest on the ValuetheMarkets podcast is Jeremy Martin, CEO of Horizonte Minerals (LSE:HZM). The company 100pc owns two advanced Tier 1 nickel projects in Brazil. The Araguaia project is a Ferronickel mine which is forecast to generate $1.6bn dollars free cashflow over an initial 28-year mine life. The second project, Vermelho, is a nickel-cobalt project located near Araguaia.
Today the firm has announced a significant new nickel resource at the Serra Do Tapa deposit, adding 30pc to its total Mineral Resource inventory. In the interview, Jeremy discusses this news from Serra Do Tapa and details the remaining required stages at Araguaia on its path to production.
Jeremy also highlights the significantly improved economics of the project in light of an increase in the nickel price since the Feasibility Study was completed in 2018, and cites this as ‘an exciting time for the company’.
All opinions expressed are those of ValueTheMarkets and the respective guests unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company. Listeners are advised to do their own extensive research before buying shares which, as with all small-cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker as they deem appropriate.