Investor Presentation Q3 2013

AIM: HZM TSX: HZM Developing the next major nickel project in Brazil

Disclaimer

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Horizonte is a well funded leading AIM and TSX quoted resources company focussed in Brazil. It is developing the wholly owned Araguaia nickel project, a world leading asset in terms of size and grade, with PEA results indicating strong economics based on low strip ratio, good infrastructure combined with a proven process route. The Company has a clear path to generate significant value uplift for shareholders over the next 12 to 24 months.

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Highlights

• 100% ownership of the Araguaia Nickel Project located south of the producing Carajás mineral district, Brazil

• Preliminary Economic Assessment (‘PEA’) returned good results at Araguaia• Post tax Net Present Value of US$693M at an 8% discount rate and Internal Rate of Return

of 15.4% based on 1.75Mt of mineralised material treated through a 90 MW Rotary Kiln Electric Furnace (‘RKEF’) process plant.

• Global resource >100 million tonnes nickel gives >20 to 30 year mine life

• Pre-Feasibility Study due for completion Q1 2014

• Well funded – circa US$11.1 million cash plus potential royalty payment and US$ 12.2 million optional Equity Finance Facility with Darwin Strategic

• Cornerstone investors – Teck Resources 42.5%, Henderson Global Investors 15.1%, Anglo Pacific Group 9.2% and LGA 7.5%

• Short and mid term value drivers as Araguaia is developed as Brazil’s next major nickel project

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Key Data

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Ticker HZM

* as at 17 July 2013


Management Team

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Mr de Almeida is a Brazilian national and qualified geologist with over 30 years of experience in mineral exploration. Has held a number of senior positions with both major and junior mining groups including country manager for Phelps Dodge.

Mr Karoly has degree in geology and is a Chartered Accountant with over 15 years experience in the mining industry. He was with Anglo American for 11 years and previously CFO of South American Ferro Metals which in 2010 listed on the ASX.


Nickel Uses

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Stainless Steel (typically 8-12% Ni)

• Construction: strong, corrosion-resistant structural and architectural components;

• High efficiency heating systems; Food and beverage storage and production;

• Surgical Instruments

Electronics • Critical component of rechargeable batteries including hybrid cars;

• Layering of hard drives;• Electromagnetic shielding:

aircraft / hospitals

Transport • Nickel alloys in jet engines and airframes;

• Batteries in hybrid cars;• Passenger rail cars; • High strength nickel cobalt steels

in gears and drives

Energy • Coal scrubbing systems• Gearing in wind turbines (500 kg

Ni per turbine)• Power station turbine blades and

pipework


Why Brazil

• Brazilian iron ore projects will generate US$45 billion by 2015

• Home to Vale, world’s largest exporter of iron ore and third largest global bauxite producer

• Excellent record of recent nickel, iron ore and copper discoveries - many areas of the country are

largely under explored – upside potential

• Significant investment from mining majors including; AngloGold, Vale, Kinross, RTZ

• Emerging economy - sixth largest economy by GDP 2012

• Established infrastructure and highly supportive mining code

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Araguaia Project Location

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Preliminary Economic Assessment

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Rotary Kiln Electric Furnace

(RKEF)

Atmospheric tank leach(ATL)

Atmospheric Heap Leach(AHL)

NPV (US19,000/tonne Ni; 8% discount rate) $693M $554M $425M

IRR 15.4% 18.1% 16.0%

Payback period (years) 7 6 7

Capital expenditure $1,383M $699M $683M

Sustaining Capital $123M $73M $70M

LOM C-1 cash costs ($/Ib) 3.81 4.02 4.13

Annual feed to plant (million tonnes) 1.75 2.5 2.5

Average grade of ore to plant 1.47% 1.25% 1.25%

Strip ratio 0.90:1 0.52:1 0.59:1

LOM average nickel production (tonnes) 23,700 24,300 21,400

Mine life (years) 27 27 27

US$8.60/Ib long term nickel price (US$19,000/tonne)


District Nickel Projects Brazil

Barro Alto

• Resource of 123Mt at 1.50% Ni• Production commenced March

2011• Average production of 36,000

tonnes of nickel targeted over 26 year mine life

Onca Puma

• Resource of 83Mt at 1.70% Ni• Production commenced May 2011

• Annual production capacity of 53,000 tonnes of nickel

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Serra do Tappa (Araguaia)

• Resource of 80 million tonnes grading 1.6% nickel (at a cut-off grade of 1.2% nickel)

• potential to support annual production of 30,000 tonnes of nickel over a 25 year mine life

• 60Km north of Araguaia


Araguaia RKEF Summary

• Strong economics based on low strip ratio, excellent infrastructure, large mineral resource with two viable alternatives for processing

• Net Present Value of US$693M at an 8% discount rate and Internal Rate of Return (‘IRR’) of 15.4% based on 1.75Mt of mineralised material treated through a 90 MW Rotary Kiln Electric Furnace (RKEF) process plant using US$8.60/Ib long term nickel price

• Low strip ratio (0.99:1)

• Potential to improve PEA economics through a combination of metallurgical upgrading, Fe credits & additional high grade resources

• Excellent infrastructure around project

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Freight train on the new North South railway 2012 Tucurui hydroelectric dam


Project Targets & Resource

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Potential to look at small high grade resource to service 25 year mine - >1.2% Ni cut off


Project Targets & Resource

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Pequizeiro Target

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Pequizeiro Sector Drilling May 2011 Thickness (m) 1.0% Ni COG

2.0m minimum intersect2.0m maximum internal waste


Araguaia RKEF Proven Process

• Araguaia ore confirmed as suitable for the proven RKEF process – PFS will be based on RKEF (H2 2013)

• 14 operational RKEF plants worldwide in 2012

• Two 185 metre long rotary kilns in the process of calcing the ore which removes the moisture and water crystals indicating the start of the metallurgical process

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Anglo American Barro Alto Project, Brazil


Metallurgical Testwork Summary

• The Batch smelting tests conducted at 1520°C were successful in producing a FeNi alloy at around 30 wt % nickel for the transition, saprolite and two blends

• RKEF pilot campaign to be run for 28 days at the IGEO facility in Brazil with Araguaia 250 tonne bulk sample

• Market study has confirmed the targeted grade (15-17%) for Araguaia ferronickel meets requirements of stainless steel plants

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Morro Azul pilot plant test facility for Araguaia pilot run


Development Milestones

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Aug ’10 – Acquired 100% Araguaia with Teck

Jan ‘12 – NI 43-101 resource upgrade <100Mt

March ‘12 – Met Testing: Araguaia Pyrometallurgical route potential

Aug ‘12 – PEA Results US$690m NPV

Jan ‘13 – Araguaia ore suitable for RKEF process

De-risking of the Araguaia Project Commence production at Araguaia

Q4‘13 / Q1’14 – PFS ResultsMay ‘13 – Metallurgical testing complete


Pre-Feasibility Work 2013

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2013 Project Activity

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Diamond drilling on the Jacutinga

One of 3 Core storage facilities

Rehabilitation of drill site 2013

Regional power transmission station

Drill shift from 2 diamond rigs

Geologist logging diamond core


Market Comparables

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“Current Horizonte in-situ valuation approximately 0.01 $/lb”


The Nickel Market

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Planned Araguaia Production


Conclusion

• Araguaia has strong economics based on low strip ratio, excellent infrastructure, large mineral resource (100Mt) with two viable alternatives for processing

• Post Tax PEA outlines NPV of US$693M with IRR of 15.4% using the RKEF proven process route with 14 operations globally (Araguaia ore confirmed as suitable for RKEF process)

• Potential to enhance project economics in the PFS phase – PFS commencing July 2013 and targeted completion Q1 2014

• [10,000m] Infill resource drill programme completed – resource upgrade due as part of PFS

• Well funded with c. US$11.1 million and support from Teck 42.5% shareholder, current market cap CAD$16.9 billion with strong cash position of $3.6 billion

• Provides pure nickel exposure with a proven process route

• Global requirement for 500Kt of new nickel production beyond 2017 – Araguaia potential production in 2017

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Contacts

Horizonte Minerals Plc26 Dover Street, London, UKwww.horizonteminerals.com

Jeremy Martin, Chief Executive OfficerTel: 020 77637157

[email protected]

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