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Horizonte optimistic on Araguaia PFS

Horizonte Minerals’ (AIM:HZM) latest study into its proposed Araguaia mine, in Brazil, shows the company’s confidence in a rapid rise for nickel prices.

Horizonte optimistic on Araguaia PFS Horizonte optimistic on Araguaia PFS Horizonte optimistic on Araguaia PFS Horizonte optimistic on Araguaia PFS Horizonte optimistic on Araguaia PFS

Araguaia is estimated to produce 14,500 tonnes per annum of nickel in ferronickel over a 28-year life

The US$354 million project would provide a post-tax net present value (8% discount) of $581 million using the optimistic input price of $14,000 per tonne, or $328 million at $12,000/t.