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Horizonte Minerals (AIM:HZM) says its Araguaia nickel project will generate US$56 million a year in cash flow over its almost 30-year mine life, and much more if nickel prices get over their current slump.
Hot stuff: Horizonte has underlined the possible doubling of production at Araguaia once it is built, through installation of another RKEF process line
In the project's newly released feasibility study, Horizonte outlines a 14,500-tonne-per-annum average production at a cash cost of $8,193 per tonne.
The fundraise is to allow Horizonte to complete construction, which is on schedule for Q1 2024
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