Overview of CentaurusMetals (ASX: $CTM) June 2024 Quarterly Activities Report

CentaurusMetals (ASX: $CTM) has completed a positive Feasibility Study (FS) for the development of the Jaguar Nickel Sulphide Project, showcasing strong economics and potential for sustainable, low-cost nickel production. The project, located in the Carajás Mineral Province of northern Brazil, is expected to deliver a long-life production profile at first quartile operating costs. The FS demonstrates the potential for Jaguar to become a sustainable, long-term and low-cost producer of low-emission nickel for global markets, generating strong financial returns while also delivering significant social and economic benefits for the local communities where the Project is located.

Executive Commentary on Jaguar Nickel Sulphide Project

The outcomes of the Jaguar Feasibility Study demonstrate the potential for Jaguar to become a sustainable, long-term and low-cost producer of low-emission nickel for global markets, generating strong financial returns while also delivering significant social and economic benefits for the local communities where the Project is located. The Feasibility Study only considers open pit nickel sulphide ore over an initial 18-year mine life, delivering nickel sulphide feed to a 3.5Mtpa conventional nickel flotation plant to produce approximately 18,700 tonnes of recovered nickel metal per year at a low life-of-mine (LOM) C1 operating cost of US$2.30/lb and AISC of US$3.57/lb, on a contained nickel basis.

Summary of CentaurusMetals (ASX: $CTM) June 2024 Quarterly Activities Report

CentaurusMetals (ASX: $CTM) has completed a positive Feasibility Study for the Jaguar Nickel Sulphide Project, highlighting strong economics and the potential for sustainable, low-cost nickel production. The project is expected to become a sustainable, long-term and low-cost producer of low-emission nickel for global markets, generating strong financial returns while delivering significant social and economic benefits for the local communities. With a targeted FID for Q2 2025, the project aims to meet the forecast growth in demand for Class-1 nickel from the EV battery market. Additionally, the company's commitment to strong ESG principles and detailed sustainability report reflects its dedication to environmental and social responsibility. The strong cash position of ~A$25 million at 30 June 2024 provides support for value engineering and pre-development activities at Jaguar through to FID, as the company continues to engage in strategic partnering and funding discussions to maximize value for its shareholders.