09:50 AM EST - Horizonte Minerals Plc : announced positive results following completion of first stage testing of the Rotary Kiln Electric Furnace Pilot Plant for its 100%-owned Araguaia nickel project in Para State, north central Brazil. Araguaia 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 the resource is a Probable Mineral Reserve of 21.2Mt at 1.66%Ni. Furthermore a Pre-Feasibility study has outlined robust economics for a 'base case' 15,000tpa nickel in ferro-nickel output with a 20% Fe-Ni product over a 25-year mine life. Horizonte Minerals Plc,
shares T.HZM are trading unchanged at $0.05.
