Name of the Project
Jaguar nickel sulphide project.

Location
Carajás, in Brazil.

Project Owner/s
Aliança Mineração, a wholly owned Brazilian subsidiary of Centaurus Metals.

Project Description
A value-add scoping study has been undertaken to evaluate the potential development of the project.

The project is expected to have a low-carbon emission footprint and the ability to generate strong financial returns while delivering significant long-term social and economic benefits for the local communities around it.

The scoping study envisages the development of openpit and underground mines supplying a 2.7-million-tonne-a-year nickel sulphate plant over an initial 13-year mine life.

The mine is expected to produce more than 20 000 t/y of recovered nickel in sulphate and more than 9 600 t/y of mixed sulphide precipitate.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at an 8% discount rate, of $1.03-billion and an internal rate of return of 60%, with an after-tax payback period of between 1.8 years.

Capital Expenditure
The project will require preproduction development capital of $288-million.

Planned Start/End Date
Not stated.

Latest Developments
Resource development and greenfield drilling are ongoing, and future mineral resource estimate updates are planned for the fourth quarter of 2021 and the second quarter of 2022.

Future mineral resource estimates will underpin the Jaguar project definitive feasibility study, which is planned to be completed towards the end of 2022.

Key Contracts, Suppliers and Consultants
Entech, Re-Metallica and DRA Global (value-add scoping study).

Contact Details for Project Information
Centaurus Metals, tel +61 8 6424 8420 or email office@centaurus.com.au.