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Companies >
UK >
Typical Mining >
Horizonte Minerals >
Research >
Pre-feasibility study completed

  • 03 Oct 2016

Pre-feasibility study completed


Horizonte Minerals | HZM | 2.4 0 7.6% | Mkt Cap: 34.7m


  • finnCap
    • Martin Potts

    • 16 pages

Typical Mining image


 
Typical Mining image


Horizonte has released the results of a new Pre-Feasibility Study on the enlarged Araguaia nickel project in Brazil. The new study shows robust economics based on a 28-year life of mine, producing around 14,500 tonnes per year of nickel in ferronickel. The new project economics included a post-tax NPV of US$328m using a nickel price of US$12,000/t or US$581m using US$14,000/t. Nickel is currently trading at US$10,760/t, having risen from a low of US$7,710/t in February this year. Based on the ....


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