https://www.miningweekly.com
Financial|Power|PROJECT|Refinery|Underground
Financial|Power|PROJECT|Refinery|Underground
financial|power|project|refinery|underground

Jaguar nickel sulphide project, Brazil – update

LOCATION MAP OF THE JAGUAR NICKEL SULPHIDE PROJECT

Photo by Centaurus Metals

8th March 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

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 has deferred plans for a nickel sulphate refinery in Brazil and will instead focus on a concentrate-only project for now.

The board has decided to reshape the current feasibility study, postponing parts of the study relating to a fully integrated downstream nickel sulphate project and focusing instead on completing the study, based on an initial project only. This approach will significantly lower capital costs and will ensure the Jaguar project remains robust.

The board estimates that it will be able to release the concentrate feasibility study by the end of June 2024.

The company says the concentrate study is expected to show robust economics underpinned by low operating costs which are globally competitive, including with Indonesian nickel supply, in large part owing to the clean, low-cost power that is available to the project from the 230 kV national grid in Brazil.

Centaurus has noted that investor sentiment towards ASX-listed nickel companies has significantly declined and that this has had an impact on market capitalisations and funding options.

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

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

Edited by Creamer Media Reporter

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.177 0.23s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: