Investor Presentaiton
Araguaia Nickel Project - PFS Results
NPV8
IRR
Initial mine life
Capital Costs (Pre-Production)
Cash costs Cl
Net cash flow over LOM
Base Case
900ktpa
Single line*
US$519m
20%
25 years
US$582m
US$4.16/lb
Larger Scale Option
2.7Mtpa
Twin line
US$ 1,204m
21%
22 years(1)
US$1,436m
US$4.25/lb (¹)
(US$9,380/t) (1)
US$3,470m
3.9 years
(US$9,166/t)
Payback period (after taxation)
Targeted production per annum
Average Ni grade – years 1 to 10
Product grade quality
US$1,766m
4.4 years
15,000tpa Ni in Fe-Ni
40,000tpa Ni in Fe-Ni
1.76% Ni(¹)
20% Fe-Ni(¹)
1.57% Ni(¹)
20% Fe-Ni(¹)
*Base Case is Horizonte's preferred development route to maximise
financial returns whilst minimising technical and capital risks
(1) Scientific and technical information has been reviewed and approved by David Hall, BSc, MSc, Fellow SEG PGeo, Chairman of Horizonte, a qualified person within the meaning of NI 43-101.
HORIZONTE
MINERALS
Developing the next major nickel project in Brazil: AIM/TSX HZM
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