Ticker: ASX: CTM
Project Stage: Development
Commodities: Nickel, Iron
Centaurus Metals Limited (ASX: CTM) 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 – one of the world’s premier mining addresses.
Centaurus completed its acquisition of the advanced, large-scale 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.
The transformational acquisition provides Centaurus with the opportunity to pursue the development of an advanced and well-located nickel sulphide project in northern Brazil, with outstanding high-grade open pit development potential.
Jaguar contains a non-JORC global foreign resource* of 40.4Mt at 0.78% nickel (0.5% Ni cut-off) for a total of 315,000 tonnes of contained nickel.
Initial drilling and project development efforts at Jaguar are focused on high-grade targets, including in‐fill and extensional drilling to improve the understanding of the high-grade mineralisation and add additional high-grade nickel tonnes to the current foreign resource. The Company is on-track to deliver a maiden JORC Mineral Resource Estimate for Jaguar by mid-2020.
In addition to Jaguar, 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.
* Centaurus cautions that the mineral resources for the Jaguar Project are not reported in accordance with the JORC Code. A Competent Person has not yet done sufficient work to classify the resources as mineral resources in accordance with the JORC code. It is uncertain that, following evaluation or further work, the foreign estimate will be able to be reported as Mineral Resources in accordance with the JORC Code.
Centaurus Metals will be showcasing their projects to prospective investors at Mines and Money Online Connect Global. Apply for your complimentary investor pass here.