Horizonte unveils feasibility study
Aim-listed nickel miner Horizonte Minerals has today announced the results of a pre-feasibility study for its flagship Araguaia nickel project located in northern Brazil, which chief executive Jeremy Martin said showed the “robust economics” of the project, with a post-tax value of between $519m (£315m) and $1.2bn, based on two operational scenarios. The project, which has a 25-year mine life, has the flexibility for a second process line to increase overall nickel production.