09:58 AM EST - Horizonte Minerals Plc : announced positive results from the Preliminary Economic Assessment study on its 100%-owned Araguaia nickel laterite project located south of the Carajás mineral district in northern Brazil. Highlights: Strong economics based on low strip ratio, excellent infrastructure, large mineral resource with two viable alternatives for processing. Post tax Net Present Value of $693 million U.S. at an 8% discount rate and Internal Rate of Return of 15.4% based on 1.75Mt of mineralized material treated through a 90 MW Rotary Kiln Electric Furnace process plant using $8.60 U.S./Ib long term nickel price. Horizonte Minerals Plc
shares T.HZM are trading unchanged at $0.14.
