Name of the Project
Jaguar nickel sulphide project.

Location
Carajás, 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 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 1.8 years.

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

Planned Start/End Date
First production from Jaguar is currently targeted for 2025.

Latest Developments
Centaurus Metals will raise A$46.9-million in a share placement to advance the project.

The company has received firm commitments from global institutional, corporate and sophisticated investors for the placement of more than 64.29-million shares at 73c each.

The offer price represents a 13.6% discount to Centaurus’ last trading price and a 14.2% discount to the company’s five-day volume weighted average share price. The shares will be placed in a single tranche under Centaurus’s existing placement capacity.

A final investment decision is planned for September 2024.

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.