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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.

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

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. Once up and running,...

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