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Horizonte Minerals PLC - nickel company developing two assets in Brazil - Awards contracts for the line two feasibility study at its Araguaia nickel project. The second line at the project is expected to double production to 29,000 tonnes of nickel per year through the construction of a duplicate rotary kiln-electric furnace processing facility. Horizonte is targeting the publication of the results of the feasibility study in the second half of 2023. Chief Executive Jeremy Martin says: ‘The award of the Line 2 FS is an important step in achieving our goal of Araguaia becoming a scalable, low-cost nickel operation. Line 1 and Line 2 together are designed to produce 29,000 tpa of nickel with the overall resource of 119 million tonnes able to support this scenario with the potential to increase the mine life in the future. We are also excited about the potential of having the option to produce nickel matte giving us the ability to participate in different parts of the nickel market.’ Current stock price: 147.00 pence 12-month change: up 5.0% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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