b'CENTAURUS METALS ANNUAL REPORT 20233.9Factors and Business Risks Affecting Future Business Performance The current and future activities of the Company are influenced by numerous factors, many of which are impacted by events external to the control of the Company. The following factors and business risks could have a material impact on the Companys success in delivering its strategy: Access to Funding The Companys ability to further develop the Jaguar Nickel Sulphide Project and successfully develop future projects is contingent on the ability to fund those projects from operating cash flows or through affordable debt and equity raisings. Ongoing exploration of the Companys projects is contingent on developing appropriate funding solutions. Commodity Prices Commodity prices including nickel, iron ore and copper fluctuate according to changes in demand and supply.The Company is exposed to changes in the price of a number these commodities, which could affect the future profitability of the Companys projects.Significant adverse movements in commodity prices could also affect the ability to raise debt and equity to fund future exploration and development of projects. Exchange Rates The Company is exposed to changes in the US Dollar and the Brazilian Real. Sales of most commodities are denominated in US Dollars. The Companys capital and operating costs will be primarily denominated in Brazilian Real. 4Significant Changes in the State of Affairs In the opinion of directors, other than as outlined in this report, there were no significant changes in the state of affairs of the Group that occurred during the financial year under review. 5Principal Activities During the period the principal activities of the Group consisted of exploration and evaluation activities related to mineral resources in Brazil.There were no significant changes in the nature of the activities of the Group during the year. 6Events Subsequent to Reporting Date There has not arisen, in the interval between the end of the financial year and the date of this report an item, transaction or event of a material and unusual nature likely, in the opinion of the directors of the Company, to affect significantly the operations of the Group, the results of those operations, or the state of affairs of the Group, in future financial years. 7Likely Developments Other than likely developments contained in the Operating and Financial Review and Events Subsequent to Reporting Date, further information on likely developments in the operations of the Group and the expected results of operations have not been included in this report because the directors believe it would be likely to result in unreasonable prejudice to the Group. 8Environmental Regulation The Group is subject to environmental laws and regulations under Brazilian (State and Federal) legislation depending on the activities undertaken.Compliance with these laws and regulations is regarded as a minimum standard for the Group to achieve.There were no known breaches of these regulations during the year. 9Dividends No dividend was declared or paid by the Company during the current or previous year. 38 ANNUAL REPORT CENTAURUS METALS LIMITED Page 11 of 54CENTAURUS METALS LIMITED ANNUAL REPORT 39'