Investor Presentaiton

Araguaia Nickel Project - Plant Location 02 03 04 05 136 127 C 120 10 11 12 30000 03 60 0000 ORE RECEPTION SHED HOMOGENISATION SHED ELEVATED RESERVOIR COAL RECEPTION ELECTRIC FURNACE SUBSTATION Fe STORAGE LABORATORY REFINERY DEDUSTING DRYER EMERGENCY STOCKLE ROTARY KILN Proposed Mine Roads Plant Layout 13 SLAG PICK POINT 14 RESTAURANT 15 MAIN GATE 16 ADMINISTRATIVE OFFICE 17 HEALTH CARE 18 CONSUMABLES STORAGE 19 WASHROOM 20 STEEL PLATE STORAGE 21 SLAG FINES SETTLING TANK 22 WATER SPRAY COOLING TANK 23 COOLING WATER DAM 24 PEQUIZERO ORE BODY Proposed Dumps Opencast Pits Farm Boundaries HORIZONTE MINERALS 8 00000000 Road to Conceicao 0000516 140000 DODOCL 9110000 9120000 660000 Legend Gravid Feats State Foc Ang Projec IGEO SNOWDEN DOH 670000 680000 690000 Lostra North Raimunde Morro Lontra South One West Vila Oho Weet Vin Drip East Vila O Ama Pequizeiro NorthW Paquiere West eiro Jacutinga Peqinzeiro East Baldo North Baib Baise South 0000946 9140000 9130000 9120000 OOOOLLE 000000 670000 600000 690000 December 21 2913 ARAGUAIA NICKEL PROJECT CMMOND HILL HOLAN PHASE 1 AND 2 Developing the next major nickel project in Brazil: AIM/TSX HZM 19

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