b'CENTAURUS METALS ANNUAL REPORT 2023 Figure 9: So Flix do Xingu Public Approvals Hearing on 10 October 2023.MINING LEASE APPLICATION APPROVAL The Jaguar Public Hearings went very well, with the hearings being well attended and the Project being well received by the Technical Approval of Mining Lease Application (PAE) local community and other key stakeholders. The positive support Late in the reporting period, the Company received the technicalseen in the Public Hearings was important in securing, subsequent approval of its Mining Lease ApplicationPAE by the ANM (theto the end of the reporting period, the Par State Environmental Brazilian National Mining Agency).Committee (COEMA) approval for the Companys Environmental The technical approval of the Plan of Economic Assessment (PAE)Impact Assessment (EIA) and Preliminary Licence (LP). from the ANM was an important validation of the Jaguar Project andIssue of LPallows for the formal issue of the Mining Lease to proceed once theFollowing the COEMA approval of the EIA and completion of the Installation Licence (LI) is issued by the Environmental Agency. various internal processes of the State Environmental Agency The technical approval of the PAE indicates that all technical(SEMAS), the Company was formally granted the LP in February requirements have been met in relation to the grant of the Mining2024.Lease as well as recognition of the Companys capacity to implementThe issue of the LP was a key milestone for the Company and the the Project. The issue of the LI by SEMAS (discussed further below)Jaguar Nickel Sulphide Project as it attests to the fact the overall is now the final step needed before the Mining Lease is formallydefinition of the project is both environmentally and socially sound. granted.Historically, this is the most challenging stage of the environmental Environmental Approvals approval process in Brazil. Towards the end of the reporting period, the environmental licenceAs a result of receiving the LP, the Company is now able to required to upgrade the 60km of roads around the Jaguar sitecommence the next stage of the environmental approval process, was obtained from all three municipalities with an interest inwhich begins with lodgement of the Installation Licence (LI) the development of the Jaguar Project. Ourilndia do Norte andApplicationin the form of a document called the Environmental Tucum municipalities will negotiate with the landowners affectedControl Plan (PCA)with the Environmental Agency. by the road upgrade so that Centaurus is then able to complete theOnce the LI is approved, the Company will have all the relevant upgrade work.environmental approvals required to commence the on-site In respect to the main environmental approval processes with theconstruction of the Jaguar Nickel Sulphide Project. The Company is State Environmental Agency (SEMAS), Public Hearings requiredlooking forward to securing the Installation Licence in the second in the local municipalities to support the grant of the Preliminaryhalf of 2024.Licence (LP)the key environmental approval for the development of the Jaguar Nickel Projectwere held on 10 and 11 October 2023.The Public Hearings (Figure 9) were the last community engagement step in the Preliminary Licence (LP) process and the forum where the local communities and other key stakeholders could formally contribute to the approvals process by making suggestions and expressing their view about the project.14 ANNUAL REPORT CENTAURUS METALS LIMITED CENTAURUS METALS LIMITED ANNUAL REPORT 15'