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Jaguar nickel sulphide project, Brazil – update

11th March 2022

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Jaguar nickel sulphide project.

Location
Carajás, in Brazil.

Project Owner/s
Aliança Mineração, a wholly owned Brazilian subsidiary of Centaurus Metals.

Project Description
A value-add scoping study has been undertaken to evaluate the potential development of the project.

The project is expected to have a low-carbon emission footprint and generate strong financial returns while delivering significant long-term social and economic benefits for the local communities around it.

The scoping study envisages the development of openpit and underground mines supplying a 2.7-million-tonne-a-year nickel sulphate plant over an initial 13-year mine life.

The mine is expected to produce more than 20 000 t/y of recovered nickel in sulphate and more than 9 600 t/y of mixed sulphide precipitate.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at an 8% discount rate, of $1.03-billion and an internal rate of return of 60%, with an after-tax payback period of 1.8 years.

Capital Expenditure
The project will require preproduction development capital of $288-million.

Planned Start/End Date
Not stated.

Latest Developments
Brazil has selected the Jaguar project as a “strategic minerals” project, recognising its status as a significant long-life nickel sulphide project.

The Strategic Minerals Policy is part of the Investment Partnership Programme, a new Brazil governmental initiative designed to support companies, while developing their projects across the country.

According to the Mines and Energy Ministry, the policy acknowledges a strategic priority dimension to the projects selected by an InterMinisterial Committee.

Key Contracts, Suppliers and Consultants
Entech, Re-Metallica and DRA Global (value-add scoping study).

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

Edited by Creamer Media Reporter

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