Name and Location
Jambreiro iron-ore project, Brazil.

Client
Centaurus Metals.

Project Description
The project has a Joint Ore Reserves Committee-compliant reserve of 48.5-million tons at an average grade of 28.1% iron for the friable component of the Jambreiro resource.

The ore reserve will provide 18-million tons of high-grade, low-impurity sinter blend concentrate – enough to underpin nine years of production at the planned two-million-ton-a-year production rate.

Value
The project has a preproduction capital estimate of A$136-million.

Duration
The company’s project execution plan centres on the start of on-site construction that will immediately follow the receipt of an installation licence, expected in April 2013. Construction is expected to take eight months, by which time the company is expected to have been granted its mining lease, enabling it to start full-scale production.

Latest Developments
The Federal Department of Mineral Production, in Brazil, has approved the economic development plan for the Jambreiro project.

The economic development plan is the primary technical document in the mining lease application process and demonstrates the commercial viability and Centaurus’ capacity to implement it.

In conjunction with the previously received approval of the environmental-impact assessment, the approval of the economic development plan provides the basis for the environmental control plan to be approved, and Minas Gerais state's environmental committee to issue the installation licence.

The installation licence is expected by April this year, clearing the way for on-site construction to start.

Key Contracts and Suppliers
MCA Auditoria e Gerenciamento (MSC) and Tetra Tech (EP).

On Budget and on Time?
Centaurus MD Darren Gordon says that the team in Brazil continues to deliver against the company’s timetable, and it continues to work its way towards production by the end of the year, “systematically ticking all of the boxes required to allow the Jambreiro development to move ahead on time.”

Contact Details for Project Information
Centaurus Metals, tel +61 8 9420 4000, fax +61 8 9420 4040 or email office@centaurus.com.au.
MCA Auditoria e Gerenciamento, tel +55 31 2127 6800 or email comunicacao@mca.srv.br.
Tetra Tech, tel +1 626 351 4664, fax +1 626 351 5291 or email info@tetratech.com.