b'CENTAURUS METALS ANNUAL REPORT 2023Ona Preta Results NEW DISCOVERYTWISTER PROSPECT Results from the Jaguar Deeps drilling at the Ona Preta DepositDuring the reporting period, Greenfields exploration drilling at show that the mineralisation continues more than 300m below thethe Jaguar Project delivered a new nickel sulphide discovery at bottom of the current Mineral Resource Estimate (MRE) and remainsthe Twister Prospect . The Twister Prospect, which occurs from open at depth.surface and has been delineated over a strike length of 900 metres, The Ona Preta Deposit is the highest-grade deposit at the Jaguarlocated in the north-eastern corner of the Jaguar tenement.Field Project, with the November 2022 MRE expanding the resource tomapping identified multiple outcropping magnetite bodies coincident 14.2Mt at 1.23% Ni for more than 173kt of contained nickel.with geophysical and soil anomalies along the structure with The Ona Preta ore bodies are tabular, sub-vertical and set in athese anomalies then followed up by a maiden drill campaign.structurally competent gneissic host rock, ideal for undergroundDrilling was successful in that it intersected tabular sub-vertical mining scenarios (Figure 12 and Figure 13).mineralised zones including 8.0m at 1.20% Ni from 63.0m in drill hole JAG-RC-22-186 and 14.0m at 1.03% Ni from 163.0m in drill hole Jaguar South Drill Results JAG-RC-23-190 Jaguar Deeps drilling at the Jaguar South Deposit successfullySufficient positive drilling was completed to bring the Twister identified new broad intervals of stringer and semi-massive nickeldiscovery into the Inferred and Indicated Resource categories sulphide mineralisation between 500m to 650m deep and stringeras part of the next JORC MRE update targeted for delivery after mineralisation down to as deep as 1,000m down hole (Figure 14). completion of the Feasibility Study.Figure 11: Nickel sulphide outcrop at Jaguar South. Figure 12: The Ona Preta Deposit long-section looking north showing location of recent Jaguar Deeps drill holes in relation to the base of the November 2022 MRE18 ANNUAL REPORT CENTAURUS METALS LIMITED'