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 ....