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Iron-ore portfolio expanded with highly prospective project

Iron-ore company Centaurus Metals announced it has taken the first step towards expanding its direct shipping ore (DSO) business in south‐east Brazil, after securing an option to acquire 100% interest in a portfolio of highly prospective tenements with extensive DSO mineralisation. 

Centaurus directors cut their own pay to save costs

By: Esmarie Swanepoel Australia-based iron-ore developer Centaurus Metals has announced plans to cut director fees as part of its cost-saving initiatives following a capital raise in February. Centaurus raised A$1.1-million through a share placement last month, and announced plans to raise a further A$3.5-million... 

Centaurus appoints hunter for Candonga financing

By: Esmarie Swanepoel ASX-listed metals developer Centaurus Metals has appointed resource financier RMB Resources to arrange for a A$6-million working capital facility to underpin the development of the Candonga iron-ore project, in Brazil. Funds would also be used to support ongoing exploration programmes in Brazil,... 

Centaurus hopeful at Candonga West

By: Esmarie Swanepoel A recent ground magnetic survey has proven positive for metals developer Centaurus Metals, with the company saying on Monday that it had confirmed the potential for high-grade direct shipping ore (DSO) at the recently acquired Candonga West project, in Brazil. Centaurus acquired the Candonga... 

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... 

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