Q3 2018 Araguaia Update

Horizonte Minerals Plc, (AIM/TSX: HZM) (‘Horizonte’ or ‘the Company’) the nickel development company focused in Brazil, is pleased to provide an update on its operations covering its 100% owned flagship Araguaia nickel project (‘Araguaia’). Horizonte is a multi-asset company focused on its objective of becoming a nickel producer.

Highlights

• Final results of the Araguaia 43-101 Feasibility Study (‘FS’) are being prepared and expected to be announced to the market in October 2018;

• Optimisation around the plant layout, engineering design and process flow sheet now complete and resulting in considerable opportunities;

• Plant design has been modified to accommodate the potential expansion of a second Rotary Kiln Electric Furnace (‘RKEF’) process line in the future after the first line is fully commissioned, providing flexibility to double the output of the operation;

• Final Araguaia capex estimate is currently being prepared for internal review;

• Water permit has been obtained for full-scale operation at Araguaia;

• Brazil’s environment agency (SEMAS) visited Araguaia in late July 2018, a key part..

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