Investor Presentaiton
Araguaia Nickel Project - PFS Snapshot
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Robust Economics
Post tax NPV, US$519m, IRR 20% (900ktpa single line plant, 15,000tpa Ni in 20% Fe-Ni - Base Case)
Post tax NPV, US$1,204m, IRR 21% (2.7Mtpa 2 line plant, 40,000 tpa Ni in 20% Fe-Ni - Large Scale Option)
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Low Cost
Cl cash costs of US$4.16/lb (US$9,166/t) over 25 year LOM (Base Case)
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Proven Processing
Produce ferronickel via the proven and low risk pyrometallurgical process of RKEF - Rotary Kiln Electric
Furnace technology (60 year old technology utilised by approximately 20 plants worldwide)
Large High Grade Resource
NI 43-101 Resource base of 71.98Mt @1.33% Ni (Indicated) and 25.35Mt @ 1.21% Ni (Inferred)
Base Case designed for addition of second process line to increase overall nickel production
Infrastructure
Established mining district - good road and rail networks offering accessible transportation routes to port,
access to low cost hydroelectric power and existing port city of São Luís
HORIZONTE
MINERALS
Developing the next major nickel project in Brazil: AIM/TSX HZM
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