Name of the Project
Jaguar nickel sulphide project.

Location
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, currently 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 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
Centaurus Metals has reported a 50% increase in the indicated resource of its Jaguar project.

The project’s indicated mineral resource estimate is 19.9-million tonnes, grading 1.12% nickel for 223 400 t of contained nickel.

The global mineral resource estimate for the Jaguar project has been estimated at 58.6-million tonnes, grading 0.95% nickel for 558 800 t of contained nickel, with the indicated resource accounting for 40% of the global mineral resource estimate.

MD Darren Gordon has said that the company has achieved or exceeded all its key objectives with its infill drilling programme over the past six months, which has delivered a substantial increase in the higher-confidence indicated resource to underpin an upcoming scoping study.

About 80% of the contained nickel tonnes is less than 200 m from surface, with the company expecting pit optimisation and mine planning work to show that Jaguar has the potential to be a low strip ratio, long-life openpit operation with strong economics.

A scoping study for the Jaguar project is expected to be completed during March 2021.

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.