Centaurus Metals Limited (ASX: CTM/OTCQX: CTTZF) is an Australian-based minerals exploration company focused on the near-term development of the Jaguar Nickel Sulphide Project, located in the world-class Carajás Mineral Province in Northern Brazil – one of the world’s premier mining addresses.
Centaurus completed its acquisition of the Jaguar Project from global mining giant, Vale S.A, in April 2020, delivering the Company with an exceptional exploration, growth and development opportunity in the international nickel sulphide sector.
Following completion of the acquisition, Centaurus immediately commenced a major drilling program, and has since defined a global Mineral Resource Estimate (MRE) totalling 109.2Mt @ 0.87% Ni for 948,900 tonnes of contained nickel, confirming Jaguar as one of the largest nickel sulphide resources held by an ASX-listed company and the largest outside of the major mining companies. View Resources & Reserves.
The success of the in-fill resource development program completed in 2023 resulted in a 105% increase in the Measured & Indicated component of the Resource to 86.6Mt @ 0.85% Ni for 737,800 tonnes of contained nickel, representing more than 77% of the Global MRE. This resource will underpin the maiden Ore Reserve Estimate and Definitive Feasibility Study (DFS) due for completion in Q4 2023.
Centaurus completed a positive independent Base Case Scoping Study for the Jaguar Project development in March 2021 (based on conventional mining and processing to produce nickel concentrate), and completed a Value-Add Scoping Study in May 2021, which contemplated processing the nickel concentrate using a hydrometallurgical process (POx) to produce battery-grade nickel sulphate for the growing electrification supply chain.
Since completing these Scoping Studies, Centaurus has significantly increased the Resource base at the Jaguar Project, with the new, larger April 2023 Mineral Resource to underpin mine optimisation and production profile studies in 2023 that will determine the optimal mine capacity for the project development. Any expansion of the processing plant capacity and/or production profile is likely to have a material positive impact on the project economics and delivery of nickel-in-sulphate, which currently stands at 20,000ktpa for 13 years.
Centaurus also holds the development-ready Jambreiro Iron Ore Project, where a July 2019 Pre-Feasibility Study confirmed low costs and strong economics for a 1Mtpa iron ore mining operation.