Horizonte Minerals announces successful trial excavation for Araguaia nickel project
Source - SMW
Horizonte Minerals said the trial excavation programme for its Araguaia nickel project was completed successfully with all technical objectives met.
The programme included pre-mining diamond drilling, a test pit with about 27,000 tonnes of ore mined, and an analysis, or reconciliation of the mined material.
Horizonte CEO, Jeremy Martin, said: 'The completion of the trial excavation programme at Araguaia, marks another key development milestone for Horizonte.'
'This programme has generated real in-situ data that will allow us to confirm the mining technique, slope stability, grade profiles, dewatering requirement with additional work on ore handling which has allowed the primary crushing design to be finalised.'
'The recent increase in nickel price will require some additional optimisation work to be undertaken around the mining schedule as we work to optimise the project economics. We look forward to providing further updates to the market as we advance the project permitting and Feasibility Study.'
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