Wood secures a FS contract from Horizonte for Vermelho

Horizonte Minerals Plc has awarded Wood Plc (Wood) the principal engineering contract to undertake the Feasibility Study (FS) for Horizonte’s 100%-owned Vermelho Nickel-Cobalt Project (Vermelho or the Project). Vermelho is a large high-grade, long mine life, scalable resource, designed to be a low-cost producer of nickel and cobalt for the battery industry. The Vermelho FS contract award is another key milestone for Horizonte as it advances towards its long-term objective of becoming a 60,000 tonne per year nickel producer, following the start of construction at Araguaia, its ferro-nickel project, early this year which is on schedule to produce first nickel in Q1 2024.

Environmental licencing for Vermelho is well advanced, with key regulatory submissions, forming the basis for the construction licence issuance, expected to be made prior to year-end.

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