Overview of Centaurus Metals' Jaguar Nickel Sulphide Project

Centaurus Metals Ltd (ASX: $CTM) has received an independent ESG assessment reaffirming the low carbon footprint of its Jaguar Nickel Sulphide Project in Brazil. The assessment, conducted by specialist metals and mining ESG research company Skarn Associates, forecasts the project's Green House Gas (GHG) emissions to be class-leading at 7.27 tonnes of CO2/tonne of nickel equivalent for the proposed production and external downstream processing of a nickel concentrate product. This positions the Jaguar Project as one of the best undeveloped nickel sulphide projects globally, with the potential to attract strategic investment and demand from off-take customers targeting production of Class-1 nickel.

Executive Commentary on Jaguar Nickel Sulphide Project's Carbon Footprint

Centaurus' Managing Director, Mr Darren Gordon, expressed satisfaction with the reaffirmation of Jaguar Project's low carbon footprint. He highlighted the project's large resource base of nearly 1 million tonnes of contained nickel metal and emphasized its strong ESG credentials, underpinned by the estimated very low levels of GHG emissions. Mr Gordon also emphasized the project's use of 100% renewable sources for power, primarily hydro and solar, contributing to its low carbon footprint. He further noted that the Jaguar Project's E1 GHG emission level of 7.27 tonnes of CO2/tonne of nickel equivalent positions it as one of the lowest carbon emission projects in the nickel industry, with an on-site E0 emission level estimated to be only 1.55t CO2/t NiEq.

Summary of Jaguar Nickel Sulphide Project's Carbon Footprint Assessment

The independent assessment by Skarn Associates has reaffirmed the Jaguar Nickel Sulphide Project's position as a world-leading, low-emission nickel project. With estimated GHG emissions forecast to be class-leading at 7.27 tonnes of CO2/tonne of nickel equivalent, the project's carbon footprint is expected to be lower than 94% of global nickel production once in operation. This reaffirms the project's attractiveness for strategic investment and off-take customers targeting Class-1 nickel production. The use of 100% renewably sourced energy, distributed by the 230kV national power grid in Brazil, further contributes to the project's low carbon footprint. Centaurus Metals' focus on an initial development as a concentrate-only project aligns with the changed nickel market environment and enhances the project's investment quality from an emissions perspective. The company's commitment to sourcing power from renewable sources underscores its dedication to environmental sustainability.