Jaguar DFS and FID delayed
PERTH (miningweekly.com) – ASX-listed Centaurus Metals has pushed back the completion of its definitive feasibility study (DFS) on its Jaguar nickel sulphide project, in Brazil, to mid-2023 rather than the end of March.
A final investment decision for the project has also been pushed back to the fourth quarter of 2023, rather than the third quarter, after front-end engineering work is sufficiently advanced to place long-lead orders and once the second stage of the environmental approval process has been completed.
Centaurus told shareholders on Wednesday that the rescheduling of the DFS was done to accommodate additional sample requirements for pressure oxidation and downstream solution purification test work, as offtake discussions continued.
MD Darren Gordon said the additional time being taken to finalise the DFS would allow the company to take advantage of enhancements to the pressure oxidation process flowsheet and optimise capital and operating costs.
“We remain focused on delivering a project capable of supplying high-quality battery-grade nickel sulphate directly into the rapidly expanding electric vehicle market globally,” he said.
“The economic rationale for value-adding in Brazil remains compelling, especially where the product can be delivered with an extremely low-emission footprint, which we know we can achieve at Jaguar.”
A 2021 scoping study into the Jaguar project found that it could produce 275 600 t of nickel and would have an initial mine life of ten years. The scoping study estimated that the project would require a capital investment of $178-million, and would have life-of-mine C1 cash costs of $2.41/lb.
First production from Jaguar is currently targeted for 2025.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
