Horizonte Minerals plc has chosen Wood plc for the principal engineering contract to conduct the feasibility study (FS) for its Vermelho nickel-cobalt project in the Pará State, northeast Brazil. VERMELHO Vermelho lies in the Carajás mining district which has developed infrastructure and hydroelectric power as a result of sustained mining activities. The company’s flagship nickel […]
Tag: nickel
Horizonte expects total capex rise to $537m for Araguaia
Horizonte Minerals plc said a 12.6% rise in costs along with engineering improvements would see total capital expenditure rise to U$537 million for its Araguaia nickel project in Brazil. INFLATION As at the end of September 2022, overall operations had progressed by 16% and engineering by some 71%. Chief executive Jeremy Martin said that since […]
Power Metal adds third major target for Molopo drill
Power Metal Resources plc has identified a third drill target at its 1,723km2 nickel-copper-platinum group element (PGE) project at Molopo Farms Complex in southwest Botswana. T1-3 Final analyses of MLEM surveys, which previously denoted targets T1-6 and T2-3 as priorities, have also highlighted a “significant ‘jelly-bean’ shaped, geophysical conductor” at target area T1-3. The company said […]
Power Metal identifies second notable conductor at MFC
Power Metal Resources plc has identified a second large geophysical conductor at the Molopo Farms Complex nickel-copper-platinum group element (PGE) project, southwest Botswana. T2-3 The company previously identified at target area T-16 where two holes are currently being drilled. Power Metal’s most recent findings follow anaylsis of data from ground-based electromagnetic (EM) as well as magnetic […]
Araguaia approved as strategic minerals project
Horizonte Mineral plc said it would have a priority from Brazilian agencies for the construction and operation of the Araguaia nickel project. IMPORTANCE The move is a consequence of Brazil’s approval of Araguaia as a strategic minerals project, which will also see support from an inter-ministerial committee. “The selection of the Araguaia nickel project as […]
Power Metal starts inaugural drill at Molopo
Power Metal Resources plc has started its inaugural drill programme at the Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. PROGRAMME The company began diamond core drilling drillhole DDH1-6B targeting a large southerly dipping conductor at priority target T1-6. Site preparations are underway for drilling to start soon on the second drillhole DDH […]