- Horizonte Minerals said that in the first six months of 2019 it had seen continued progress on both the Araguaia Ferronickel and Vermelho Nickel-Cobalt projects, with both advancing to plan.

The first half of 2019 also saw the award of the Energy Decree which guaranteed Horizonte access to the national grid with the required electrical energy demand for the commercial ferronickel operation at Araguaia.

The focus on Vermelho since the start of the year had been to advance the various work streams that feed into the Pre-Feasibility Study, the company said.

'Solid progress has been made on the PFS for Vermelho and I am pleased to confirm that it is nearing completion with the anticipation that the results of the study will be announced later this quarter,' it added.

At 10:00am: [LON:HZM] Horizonte Minerals PLC share price was +0.38p at 2.63p

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