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Horizonte Minerals Plc
Summary
| Project: | Araguaia | |
|---|---|---|
| Deposit: | Araguaia | |
| Location: | Brazil | |
| Commodities: | Nickel-Iron-Aluminium | |
| Date: | 10/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-10-2016: Horizonte Minerals Plc announces a Pre-Feasibility Study report for its Araguaia deposit at the Araguaia project. PFS results incl. post-tax NPV (8%) of $328.0M, IRR of 19.3%. This report is a National Instrument 43-101 (NI 43-101) Technical Re | |
| Resources: | (Reserve, Prob.): 24.646Mt @ 1.77% Ni, 17.9% Fe, 5.39% Al2O3 | |
| CP/QP: | [Resources]: Andrew F. Ross (Independent) | |
| ABSTRACT: | This report is a National Instrument 43-101 (NI 43-101) Technical Report on the Prefeasibility Study (PFS) for the combined Araguaia Nickel Project (HZMA) and the Glencore Araguaia Project (GAP), reported in this document as “HZMA and GAP Project” or “the Project”. The requirement for a new PFS was driven by the acquisition of the advanced GAP from Glencore on 25 November 2015. The Project is located on the eastern margin of the State of Pará, north-eastern Brazil, to the north of the town of Conceição do Araguaia. The Project is 100% owned by Horizonte Minerals Plc (HZM). This Technical Report has been prepared for HZM by Snowden Mining Industry Consultants Limited (Snowden). IGEO Mineração Inteligente Ltda (IGEO), KH Morgan and Associates (KHM) and Prime Resources (Pty) Ltd (Prime) together with contributions from HZM. This Technical Report has been prepared for HZM by or under the supervision of Qualified Persons within the meaning of NI 43-101 Standards of Disclosure for Mineral Projects in support of HZM’s disclosure of scientific and technical information for the Project. This study was conducted with the objective of evaluating the economic viability of the Project to produce ferronickel (FeNi). This Technical Report summarises the geological, mining, hydrological, process and engineering studies performed at a PFS level (± 25% accuracy) and used in the economic evaluation of the Project. | |
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