Horizonte Minerals plc (TSX:HZM,LSE:HZM) announced its unaudited financial results for the three month periods ending 31 March 2012.
As quoted in the press release:
Highlights for the First Quarter of 2012
- Strong cash position: £ 4.87 million as at end-March 2012
- NI 43-101 compliant resource update released for Araguaia – Indicated Resource of 39.3 million tonnes grading 1.39% nickel (‘Ni’) using 0.95% Ni cut-off together with Inferred Resource of 60.9 million tonnes averaging 1.22% Ni, both using 0.95% Ni cut-off