Name of the Project
Jaguar nickel sulphide project.

Location
The project is located in the Carajás mineral province of northern Brazil.

Project Owner/s
Centaurus Metals.

Project Description
The project hosts multiple nickel sulphide deposits and exploration targets.

The scoping study under way aims to demonstrate that, subject to further development work, Centaurus is well placed to deliver on its aspirations to be a clean and efficient nickel producer of more than 20 000 t/y by the end of 2024 to assist with the global transition to electrification and meet expected surging demand for key battery metals.

The scoping study is supported by the maiden Joint Ore Reserves Committee-compliant 2012 mineral resource estimate of 48-million tonnes at 1.08% nickel for 517 500 t of nickel metal, which includes a significant higher-grade component of 20.6-million tonnes at 1.56% nickel for 321 400 t of contained nickel metal.

The study’s base case is for the production of a high-grade nickel concentrate using a traditional nickel flotation process.

The scoping study will also consider value-adding opportunities, including downstream processing in the form of pressure oxidation to produce nickel sulphate or nickel metal, particularly since the Jaguar project has access to low-cost, hydrogenated clean energy.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
The scoping study results are expected early in the first quarter of 2021.

Centaurus plans to have the project in production at the end of 2024.

Latest Developments
Significant progress has been made on the environmental approval process, with most wet and dry season surveys and data collection complete. The key environmental-impact assessment report is on track for completion in mid-2021.

Potential power line routes from the 138 kV substation at the Tucumãto Jaguar project site have been assessed with the company’s preferred route now selected.

The updated mineral resource estimate is expected to be delivered by the end of 2020.

Key Contracts, Suppliers and Consultants
Entech and DRA Global (scoping study); ALS Metallurgy (initial pressure oxidation testing).

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