Horizonte Minerals Plc announced that it has awarded the Engineering, Procurement and Construction Management contract (the "EPCM Contract") for the construction of its 100% owned Araguaia ferronickel project ("Araguaia" or the "Project") to Pöyry Tecnologia Ltda ("Pöyry"), the Brazilian subsidiary of global engineering services firm AFRY. The EPCM Contract, awarded via the Company's wholly owned subsidiary Araguaia Niquel Metais Ltda., involves the provision of a comprehensive range of services across engineering, procurement, construction management, project management and commissioning. In line with the award of the EPCM contract, Horizonte has been building an experienced owner's team to work alongside AFRY.

Under the guidance of Mike Drake, as Head of Projects, the Company has assembled a strong project leadership team with a successful track record of implementing large scale projects in Brazil with a particularl focus on the ferronickel industry. The project leadership team is now complete and mobilised at both the Company's Belo Horizonte and Conceição do Araguaia offices. The full owner's team totals 85 people across all key disciplines.