Centaurus Metals pushes nickel project forward

Centaurus Metals (ASX:CTM) is progressing its Jaguar Nickel Sulphide Project in Brazil. The Mineral Resource Estimate has increased to 1.2 million tonnes of contained nickel. The project aims at low-cost production of a critical clean energy metal. A feasibility study supports an 18-year open-pit operation. Exploration for underground potential continues.

Centaurus Metals' strategic vision and future outlook

Centaurus Metals is strategically advancing its Jaguar Nickel Sulphide Project in Brazil, aiming for low-cost nickel production for the clean energy sector. The updated Mineral Resource Estimate and positive feasibility study reinforce its potential as a Tier-1 project. The company is preparing for an 18-year mining operation with significant economic returns, focusing on high-grade resources and sustainability. Centaurus is also progressing its Boi Novo Copper-Gold Project with promising initial drill results. Strategic partnerships and funding for the Jaguar project are underway, with a final investment decision targeted for Q2 2025, pending approvals. The company's commitment to renewable energy and local community engagement enhances its strategic position in the global EV supply chain.

Executive insights on Centaurus Metals' plans

The updated Mineral Resource Estimate for the Jaguar project is 138.2 million tonnes at 0.87% nickel, amounting to 1.2 million tonnes of contained nickel. The Feasibility Study projects an 18-year mine life with annual production of 18,700 tonnes of nickel at low operating costs. Pre-production capital expenditure is estimated at USD 371 million, with strong economic returns expected – an NPV8 of AUD 997 million and an IRR of 31% per annum. The project is positioned to supply nickel for electric vehicle batteries, with a focus on low-emission production. The underground scoping study is underway to explore high-grade resources beneath the current pit designs.