Horizonte Minerals Plc Snapshot
Delivering on Company milestones is fundamental to the success of our business. We are committed to working in ways that are true to our values, which include Safety, Care & Respect, Integrity, Responsibility, Team-work and Communication. By working together with our key partners and stakeholders we plan to unlock the long-term value that the resources represent for our shareholders and our local communities.
Horizonte completed a NI 43-101 compliant Pre-Feasibility Study (PFS) covering Araguaia in March 2014. The PFS demonstrates the robust economics of a ferro-nickel operation at Araguaia, with a post tax NPV8 of USD 519 million and an IRR of 20% at USD 19,000 per tonne nickel. Initial capital expenditure is estimated at USD 582 million, with targeted annual production of 15,000 tonnes of nickel in ferro-nickel.
Based on these strong project economics, Horizonte Minerals is advancing the project through to the Feasibility stage, due for completion in 2015.
New PFS Highlights
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Horizonte Minerals Plc UK office
26 Dover Street,
T: + 44 (0) 207 763 7157