Investor Presentaiton

Horizonte Minerals - Investment Snapshot High Grade Nickel Asset PFS Results: Robust Economics Clear Path to Production: 2017 Large Resource • • . Araguaia is a high grade nickel project with good infrastructure and proven RKEF processing route allowing fast track development Robust economics for developing a 900,000t single line 15,000tpa nickel production 20% Fe-Ni product Base Case NPV US$519m, IRR 20% and net cash flow of US$1,766m (after capital payback) Brazil has a well-developed mining code with good support in the Pará state for the development of new projects Strong institutional and industry support - 38.3% shareholder Teck is a leading major diversified mining company - Solid track record of delivering milestones on time and on budget – team led by an experienced Board with the ability to take the Araguaia through to production Long-term Nickel Demand • • Well funded following recent C$10 million fundraise HORIZONTE MINERALS Favourable nickel market fundamentals 2015 through to 2018 - predicted short-term supply deficit forecast which is expected to be further increased by Indonesian DSO export ban. Developing the next major nickel project in Brazil: AIM/TSX HZM 24

View entire presentation