Broker Reports

The project is now significantly de-risked and optimized with partnership / financing discussions ongoing towards FID in 1H26 and with the exclusion of the high-grade UG we think there is plenty of upside still. Moreover, Jaguar’s refinement reaffirms it has the scale, mine life, and margins to deliver Class 1 nickel in every part of the cycle.

Production in line, with costs lower than expected: Centaurus Metals (CTM-ASX) has published the outcomes of the Jaguar Value Engineering Process (JVEP), aimed at enhancing the July'24 Feasibility Study (FS) economics and de-risking the overall project development pathway for its 100%-owned Jaguar Nickel Sulphide Project in the Carajás Mineral Province of northern Brazil.