b'Mineral Resources & Ore Reserves TOTAL MINERAL RESOURCES & ORE RESERVES STATEMENTThe Companys Mineral Resource for its nickel holding is shown in the following tables.Mineral ResourcesMineral Resources as at 31 December 2023* Mineral Resources as at 31 December 2022*Project Million NiCuCoMillion NiCuCo Tonnes % % ppm Tonnes % % ppmJaguar ProjectMeasured 14.0 1.06 0.07 388 14.0 1.06 0.07 388Indicated 72.6 0.81 0.06 237 72.6 0.81 0.06 237Inferred 22.6 0.93 0.09 289 22.2 0.93 0.09 289TOTAL 109.2 0.87 0.07 268 109.2 0.87 0.07 268*Within optimized pit limits cut-off grade 0.3% Ni; below pit limits cut-off grade 0.7% Ni; Totals are rounded to reflect acceptable precision; subtotals may not reflect global totals. All oxide material is considered waste and therefore not reported as Resources.The Companys Ore Reserves and Mineral Resource for its iron ore holdings are shown in the following tables.Ore ReservesOre Reserves as at 31 December 2022 Ore Reserves as at 31 December 2021Project Million FeSiO 2% Al 2 O 3% PLOIMillionFeSiO 2% Al 2 O 3% PLOI Tonnes % % % Tonnes % % %Jambreiro Project*Proved 35.4 28.5 49.6 4.3 0.04 1.7 35.4 28.5 49.6 4.3 0.04 1.7Probable 13.1 27.2 49.0 5.3 0.04 2.4 13.1 27.2 49.0 5.3 0.04 2.4TOTAL 48.5 28.1 49.4 4.6 0.04 1.9 48.5 28.1 49.4 4.6 0.04 1.9*20% Fe cut-off grade applied; Mine Dilution - 2%; Mine Recovery - 98%; Mineral ResourcesMineral Resources as at 31 December 2022 Mineral Resources as at 31 December 2021Project Million FeSiO 2% Al 2 O 3% PLOIMillionFeSiO 2% Al 2 O 3% PLOI Tonnes % % % Tonnes % % %Jambreiro Project*Measured 44.3 29.2 50.5 3.9 0.04 1.6 44.3 29.2 50.5 3.9 0.04 1.6Indicated 37.7 27.5 51.1 3.7 0.04 1.7 37.7 27.5 51.1 3.7 0.04 1.7Inferred 45.1 27.3 52.7 3.3 0.05 1.3 45.1 27.3 52.7 3.3 0.05 1.3TOTAL 127.1 28.0 51.4 3.7 0.05 1.5 127.1 28.0 51.4 3.7 0.05 1.5Canavial Project*Indicated 6.5 33.6 33.6 7.1 0.10 7.9 6.5 33.6 33.6 7.1 0.10 7.9Inferred 21.1 29.6 38.0 5.7 0.07 5.9 21.1 29.6 38.0 5.7 0.07 5.9TOTAL 27.6 30.5 37.0 6.0 0.07 6.4 27.6 30.5 37.0 6.0 0.07 6.4Passabm Project**Indicated 2.8 33.0 48.8 1.9 0.03 0.6 2.8 33.0 48.8 1.9 0.03 .06Inferred 36.2 30.9 54.0 0.7 0.07 0.1 36.2 30.9 54.0 0.7 0.07 0.1TOTAL 39.0 31.0 53.6 0.8 0.07 0.1 39.0 31.0 53.6 0.8 0.07 0.1TOTAL193.7 29.0 49.8 3.4 0.05 1.9 193.7 29.0 49.8 3.4 0.05 1.9COMBINED*20% Fe cut-off grade applied; ** 27% Fe cut-off grade applied; Mineral Resources are reported inclusive of Ore Reserves. Totals are rounded to reflect acceptable precision; subtotals may not reflect global totals. CENTAURUS METALS LIMITED ANNUAL REPORT 23'