Investor Presentaiton

Horizonte Minerals - Investment Snapshot High Grade Nickel Asset PFS Results: Robust Economics Araguaia is a high grade nickel project with good infrastructure and proven RKEF processing route allowing fast track development - 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 the project Clear Path to • Strong institutional and industry support - 38.3% shareholder Teck is a leading major Production diversified mining company Large Resource Long-term Nickel Demand • • 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 Well funded following C$10 million 2014 fundraise Significant value upside in Company 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 HORIZONTE MINERALS Developing the next major nickel project in Brazil: AIM/TSX HZM 23

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