b'CENTAURUS METALS ANNUAL REPORT 20233.7.3Key ESG Initiatives Duringthereportingperiod,CentauruspublisheditsinauguralSustainabilityReportfor2022,whichoutlinedthe Companys key sustainability initiatives and performance over the 2022 calendar year and its goals for the years ahead. A Sustainability Report is being prepared for 2023 with release due around the time of the release of the Companys 2023 Annual Report. Occupational Health & Safety At the end of the reporting period, the Company had worked more than 250,000 hours in the last 12 months and had achieved 15 months without an LTI. The 12-month reportable injury frequency rate at the end of the quarter was 15.95 and the 12-month severity rate was 0.GHG Emissions Since January 2022, the Company has been monitoring Scope 2 greenhouse gas (GHG) emissions and sinks associated with the Jaguar Project. The main carbon sink is the standing forest on land acquired by the Company to support the Project Development. The main source of carbon from the Project has been the combustion of diesel to run drill rigs. Once in operation, the Jaguar Project is expected to have GHG emissions less than 85% of global nickel production 3F 2. Construction Training Programs The Company intends to train up to 1,500 people, with local resident applications prioritised, in various trades that will allow them to be able to seek employment once construction of the Jaguar Project commences. The training programs are intended to be conducted in conjunction with local industry training college (SENAI), with the training programs to commence in H1 2024. During the reporting period, the Company further advanced the enrolment process for construction training with over 1,900 applications to date having been received from the region. In conjunction with the planned construction programs, the Company offered nine free online training programs to local residents during the reporting period. These training programs provided qualifications in safety at work, environmental education,informationtechnology,logistics,architecturaldrawing,personalfinance,mechanicfundamentals, metrology, and ESGSustainable Industry. Since the courses commenced, 3,678 students were enrolled in the various courses and to date 2,053 students have completed the programs. Plant Nursery During the period, the Company planted over 5,000 native species seedlings for the revegetation program of previously cleared farmland. The planned revegetation will allow new forest corridors to be established around the site to assist with the movement, protection and biodiversity of flora and fauna. Since the start of the revegetation program in January 2022, 24.81 hectares have been revegetated with more than 10,146 seedlings of native species planted. 3.8Corporate Capital Raising The Company completed an institutional, corporate, and sophisticated investor placement in August 2023 which raised $46.9 million before fees to underpin the continued de-risking, growth, and development of its 100%-owned Jaguar Nickel Sulphide Project in northern Brazil.The funds were used for the ongoing Jaguar Feasibility Study and the Jaguar Deeps drilling program. Funds are also earmarked for priority pre-development work streams and ongoing Feasibility Study costs.Strategic Partnering Process Following the close out of the Vale Offtake Rights in the June 2023, Centaurus has full control and optionality over the saleandmarketingofJaguarsstrategic,long-life,low-greenhousegasemissionnickelandwiththisCentaurus commenced a strategic partnering process in conjunction with Standard Chartered Bank, with strong initial interest seen in the project and its potential nickel products from a wide range of counterparties including Western and Asian strategic investors, global automakers, battery manufacturers, chemical companies and financial investors. This broad range of strategic interest highlights the unique market positioning of the Jaguar Nickel Sulphide deposit as one of the very few advanced stage, large-scale nickel sulphide projects globally, underpinned by its Mineral Resource which hosts nearly one million tonnes of contained nickel in an open pittable nickel sulphide deposit. 2Refer ASX announcement 26 March 2024 for study by Skarn Associates. 36 ANNUAL REPORT CENTAURUS METALS LIMITED CENTAURUS METALS LIMITED ANNUAL REPORT 37Page 10 of 54'