Jambreiro Iron Ore Project

The Company’s 100%-owned Jambreiro Project, located in south-east Brazil, is an advanced development opportunity for up to 3Mtpa of production.  It represents a strategic asset in the Brazilian domestic iron ore and steel sector, particularly with the premium pricing that exists in the market for high grade ore (+65% Fe).

Centaurus completed a positive Pre-Feasibility Study (PFS) on the Jambreiro Project in July 2019, which outlined a robust 1Mtpa start-up project capable of generating life-of-mine revenues of A$1.05 billion and EBITDA of A$533 million over its initial 18-year life. The Study was updated in May 2020 and the Study outcomes were presented in the June 2020 Quarterly Report, released to the market on 29 July 2020.

Since completion of the PFS, iron ore prices and exchange rates have significantly strengthened, further enhancing the potential economics of the proposed Jambreiro Project development. 

The completion of a suitable domestic market off-take for Jambreiro product (65% Fe) remains a key to unlocking this value and to advance financing/partnering discussions for the Project. The Company is continuing to assess off-take/partnering options for the Project and discussions remain open in this regard.

Read the full Jambreiro Pre-Feasibility Study announcement from July 2019.

Read the detail of the May 2020 PFS update on Jambreiro from the June 2020 Quarterly Report.

View the Jambreiro Reserve and Resource Statements.