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Centaurus struggles to find offtake partner, funding for Brazil project

By: Esmarie Swanepoel The share price of ASX-listed iron-ore developer Centaurus Metals took a tumble on Thursday on news that the company was having difficulty in securing a life-of-mine offtake partner for its Jambreiro project, in Brazil. Centaurus has been in discussions with a number of potential offtake... 

Centaurus raises cash for Jambreiro development

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has launched a share placement to raise A$5-million in order to advance its Brazilian iron-ore projects. The ASX-listed company said on Friday that it would place some 40-million shares, at a price of A$0.125 each to new and existing investors. Shareholders... 

Creamer Media publishes Iron-Ore Roundup for March 2013 research report

By: Creamer Media Reporter The March 2013 roundup includes details of the preliminary feasibility study on ASX-listed WPG Resources’ A$1.58-billion Giffen Well project, in South Australia; ASX-listed iron-ore miner Legacy Iron’s plans for the proposed spin-off of its gold assets into a new entity; and Brazil’s federal... 

Centaurus signs MoU with Brazil state

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has signed a memorandum of understanding (MoU) with the state of Minas Gerais, as well as other key state departments, to facilitate the development of its flagship Jambreiro project, in Brazil. The ASX-listed Centaurus said on Friday that the MoU would result... 

Centaurus cashes up for feasibility study

By: Esmarie Swanepoel Metals developer Centaurus Metals on Thursday reported that it was cashed-up to complete the feasibility study on its Jambreiro iron-ore project, in Brazil, following the completion of a A$26.2-million capital raising. The ASX-listed Centaurus on Thursday said that it had completed and allotted... 

Centaurus raises funds for Jambreiro push

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals would undertake a A$26.2-million equity raising to underpin the completion of the bankable feasibility study of its flagship Jambreiro project, in Brazil, and to fund the final push towards financing and development. The equity raising would be undertaken over... 

Centaurus swaps projects in Brazil

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has acquired the Curral Velho iron-ore project in Brazil in exchange for its interest in the Caçapava copper/gold project through a tenement swap agreement. The Curral Velho project comprises six tenements covering some 83 km2, and was located 350 km from the... 

Centaurus signs access agreement at Jambreiro

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has signed a ten-year land access and cooperation agreement for its Jambreiro project, in Brazil, allowing for the development of the project. Under the terms of the agreement, Centaurus would pay A$625 000 to landholder Cenibra for long-term access to the... 

Jambreiro nails down reserve, PFS positive - Centaurus

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has declared a maiden ore reserve of 49-million tons, grading 28.2% iron for its Jambreiro project, in Brazil, while the prefeasibility study (PFS) results indicted the project’s profitability. The proven and probable ore reserve was estimated from within the... 

Centaurus appoints Atlas' Hancock to board

By: Esmarie Swanepoel ASX-listed iron-ore company Centaurus Metals has appointment fellow listed Atlas Iron’s chief commercial officer Mark Hancock to its board of directors, following a major investment by the iron-ore miner earlier this year. During July this year, Atlas said that it would take up a 19.9% stake in... 

Atlas and Centaurus form ‘strategic alliance’

By: Esmarie Swanepoel Iron-ore miner Atlas Iron on Wednesday said that it would take up a 19.9% stake in Centaurus Metals, which is developing iron-ore mines in Brazil, for an A$18.7-million investment. The transaction was part of a “wide-ranging strategic alliance” that would include technical, development and... 

Centaurus declares 70.6Mt resource at Brazil iron project

By: Esmarie Swanepoel Iron-ore miner Centaurus Metals has declared an interim Joint Ore Reserves Committee (Jorc) resource upgrade for its Jambreiro iron-ore project, in Brazil, following infill drilling on the main Tigre prospect area. The Jorc estimate for the Jambreiro project now stood at around 70.6-million... 

Centaurus targets exports with Brazil iron-ore acquisition

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has acquired the Serra do Lontra iron-ore project, in Brazil, as the initial basis of its strategy to export between one-million and two-million tons a year of high-grade hematite to the international markets, by mid-2014. Centaurus has agreed to pay... 

Company Announcement: Jambreiro Project continues to deliver strong iron ore intersections

Attached please find a press release on: International iron ore company Centaurus Metals (ASX Code: CTM) is pleased to report that assay results from the recently-completed in-fill drilling program on the Tigre Prospect at its flagship 100%-owned Jambreiro Iron Ore Project in south-east Brazil... 

Company Announcement: Broad widths of iron ore intersected at Jambreiro

Attached please find a press release on: International iron ore company Centaurus Metals (ASX Code: CTM) is pleased to report positive results from an ongoing program of in-fill drilling at its flagship 100%-owned Jambreiro Iron Ore Project in south-east Brazil, with initial results confirming... 

Iron-ore focused Centaurus sells WA gold/copper project

By: Esmarie Swanepoel Emerging iron-ore-miner Centaurus Metals said on Friday that it would sell its noncore Citadel gold/copper project, in Western Australia. Antipa Minerals, which is planning an initial public offer (IPO) and listing on the ASX early in 2011, would buy the project from Centaurus. 

Brazil-focused Centaurus hires Jones as consultant

By: Esmarie Swanepoel Emerging iron-ore miner Centaurus Metals has appointed mining personality George Jones as a strategic consultant, as the company moved towards production at its projects in Brazil. ASX-listed Centaurus was working towards an initial production strategy based on the supply of three-million tons a... 

Centaurus brings in partner to develop Brazil copper/gold projects

By: Esmarie Swanepoel ASX-listed iron-ore miner Centaurus Metals has entered into a farm-in agreement with Brazil’s Mining Ventures Do Sul Pesquisa e Mineracao covering its two noncore copper/gold projects. Under the agreement, the Brazilian company would spend $4,25-million on the project to earn a 90% interest. 

Multiple projects under way for iron-ore company

By: Natasha Odendaal International iron-ore company Centaurus Metals has moved quickly to start its planned 3 500-m drill campaign at Jambreiro iron-ore project, in Minas Gerais, in south-eastern Brazil, after the company had exercised its option to acquire a 100% interest in the project in early June. 

Centaurus expands Brazil iron-ore portfolio

By: Esmarie Swanepoel Emerging iron-ore producer Centaurus Metals has expanded its Brazilian iron-ore portfolio after exercising its option to acquire 16 new tenements. The ASX-listed company said on Wednesday that most of the new tenements were located immediately west of the recently-acquired Jambreiro project, in... 

Centaurus spins off Australian gold and base-metals assets

By: Esmarie Swanepoel Emerging iron-ore producer Centaurus Metals was looking to divest of its noncore gold and base metals assets through an initial public offering (IPO) of spin-off Southern Crown Resources. Southern Crown would list by the end of October, with shares estimated to trade at around 25c. 

Centaurus buys iron-ore project from Brazil’s Cenibra

By: Esmarie Swanepoel Emerging iron-ore company Centaurus Metals has bought the Jambreiro iron-ore project, in Brazil from Brazilian pulp company Cenibra. The Jambreiro project had the potential to form the cornerstone for Centaurus’ iron-ore business in Brazil, the company said on Friday. 

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