Name of the Project
Jambreiro iron-ore project.

Location
The project is located in the state of Minas Gerais, in south-east Brazil.

Project Owner/s
Centaurus Metals.

Project Description
Jambreiro has proven and probable reserves of 43.3-million tonnes grading 29.1% iron on which the project’s prefeasibility study (PFS) is based.

The ore reserve delivers 17.9-million tonnes of high-grade (65% iron), low-impurity sinter (4.3% silicone oxide, 0.8% aluminium oxide and 0.01% phosphorous) product to support the initial 18-year mine life once operations start.

The PFS envisages one-million-tonne-a-year operation, with a final product grading 65% iron over an 18-year mine life using a mining contractor for all mining activities on site.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $190.2-million and a after-tax internal rate of return of 32%.

Capital Expenditure
Capital expenditure is estimated at $59.8-million.

Planned Start/End Date
Not stated.

Latest Developments
Board approval is in place to start a bankable feasibility study and advance financing discussions with the aim of making a final investment decision by early 2020. Meanwhile, off-take discussions are progressing with potential customers for the supply of high-quality ore into the Brazilian supply-disrupted domestic market and the international export market.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Centaurus Metals, tel +55 31 3194 7750 or email recepcaobh@centaurus.com.au.