He tells Proactive Investors that the licence “is probably the hardest milestone to get” adding “it’s basically the first stage gate in terms of walking towards production”.
The junior miner said the award underscored the viability of its project at Araguaia and the state government’s support for the development.
“We are currently operating in a very low nickel price environment and the key that everybody wants to see is ‘can you operate and make money at this kind of price range’ and our aim is to show that this project can,” Martin says.
#MARKET WRAP Risers & Fallers: Croma Security, Horizonte Minerals, Northcote Energy, Nyota Minerals, Oilex,… https://t.co/oAQSvJAVB3— TheSolidTrader (@SolidTrader) June 8, 2016
Horizonte Minerals : Award of LP https://t.co/96jv1qCmd7— 4-traders.com (@ForTraders) June 8, 2016
Beaufort Securities Reaffirms “Speculative Buy” Rating for Horizonte Minerals Plc $HZM https://t.co/Ro1SSYMAiW— The Legacy News (@thelegacynewswi) May 17, 2016