Horizonte Minerals Plc (Horizonte) is engaged in the exploration and development of gold, silver, and base metal in Brazil and Peru. The Company is focused on the generation of new mineral opportunities in Brazil and Peru. The Tangara gold project is one of the Company’s core projects and comprises 32,890 hectares (330 square kilometer) covering the western extension of the Archean, Identidade Greenstone belt, located in the southern part of the Carajas Mineral Province. The Lontra Ni Project is the principal focus of Horizonte’s exploration where the Company holds a 50% interest. In July 2008, the Company entered into an agreement with Barrick Gold Corporation (Barrick), through its subsidiary, Placer Dome del Peru S.A.C., to explore and acquire its 2,147 hectare Pararapa gold property (Pararapa) located in the Department of Arequipa, southern Peru.