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BUZZ-Horizonte Minerals: Rises on Brazilian nickel project prospects

Reuters - UK Focus

** Shares of nickel explorer Horizonte Minerals PLC rise ~8.9% at 2.45 pence

** Horizonte Minerals announces new discovery nickel resource at its Serra do Tapa nickel deposit in Brazil

** Resource is "high grade and scalable", says CEO Jeremy Martin

** Co also said it is in advanced stage in the pre-feasibility study on Vermelho nickel-cobalt project in Brazil

** As of Monday's close, stock up about 19.1% this year

(Reporting by Shanima A in Bengaluru)