Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Euroz Hartleys Institutional Investor Nickel Day 2021
24 slides from Centaurus Metals's conference presentation, Sep 16, 2021
Slide 1: Jaguar: Accelerating towards the world's next "green" nickel project
Jaguar: Accelerating towards the world’s next “green” nickel project A long-life nickel sulphide project in Brazil’s Carajás, ready to plug-in to the lithium-ion battery boom EurozHartleys Institutional Investor Nickel Day│ 16 September 2021 Darren Gordon, Managing Director 1
Slide 2: Disclaimer
Disclaimer ● This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into
Slide 3: Centaurus Metals: Our vision
Centaurus Metals Our vision Underpinned by a high-quality asset at Jaguar, we are well placed to deliver on our target to be a clean and efficient 20,000-plus tonne per annum nickel producer by the end of 2024 to assist in the global transition to electrification and to meet anticipated surging dema
Slide 4: A New Era of Nickel Sulphide Demand
A New Era of Nickel Sulphide Demand The looming clean energy revolution WHERE IS THE NEW SUPPLY COMING FROM? EVs and the path to decarbonisation require Class-1 nickel Class-1 nickel will preferentially be sourced from sulphide deposits – low capital intensity, easy processing, lowest carbon footpri
Slide 5: A compelling nickel investment for a clean energy future
Centaurus Metals A compelling nickel investment for a clean energy future +20,000 tonnes per annum of battery grade nickel in sulphate over initial 13-year LOM Post Tax NPV8 The team to deliver: Low Carbon Footprint JORC Mineral Resource Extensive Brazil & 58.9Mt @ 0.96% Ni A$1.11 billion 4.69t CO2/
Slide 6: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province Jaguar Nickel Sulphide Project 58.9Mt at 0.96% Ni Inc. 20.0Mt at 1.56% Ni The Carajás contains one of the world’s largest known concentrations of large-tonnage world-class mineral deposits 6
Slide 7: Outstanding infrastructure and logistics
Brazil’s Carajás Mineral Province Outstanding infrastructure and logistics ● High-Voltage (138kV) grid power 40km line from Tucumã to site ● Brazil’s national power grid runs on +80% renewables ● Low cost, clean power – less than US$0.10/kWh ● Project located 40km north of Tucumã and Ourilândia do N
Slide 8: GHG Emissions - Forecast to be a Class-leader
GHG Emissions - Forecast to be a Class-leader Powered by renewables & high-grade nickel sulphides GHG Intensity Curve – Nickel (E1 GHG Emission Metrics®) Jaguar Nickel Sulphate Project 4.69t of CO2/t of Ni eq. Life-of-mine CO2 footprint forecast to be lower than 97% of global nickel production The b
Slide 9: Large-tonnage high quality Resource
Jaguar Project – Large-tonnage high quality Resource Low-cost open pit & underground operations JORC Mineral Resource Estimate: 58.9Mt @ 0.96% Ni for 562,600 tonnes of contained nickel metal ● JORC MRE based on +74,000m of diamond drilling ● 80% of MRE is within 200m of surface ● +60% Resources conv
Slide 10: Processing Plant
Jaguar Project – Processing Plant Nickel sulphate plant to treat 2.7Mtpa ● Study Partners ● DRA Global – Independent plant Concentration engineering ● ALS – Metallurgical testwork ● Steinert – ore sorting pilot tests ● Ore Sorting Testwork ● 0.47% Ni feed upgraded to 1.09% Ni with a 25% mass-recover
Slide 11: Non-processing Infrastructure
Jaguar Project – Non-processing Infrastructure Nickel sulphate plant to treat 2.7Mtpa Targeting world’s best-practice tailings & emissions management Development Capital - US$288 million Low capital intensity – US$14,500/t Annual Ni Prod’n After Tax Payback – 1.8 Years Very Low Carbon Footpr
Slide 12: Proceeding Straight to DFS
Jaguar Project – Proceeding Straight to DFS Robust project with plenty of project development & Ni price upside kt Project Development Opportunities Nickel in Sulphate 25 22.7 21.7 22.3 21.5 21.2 21.2 21.2 20.0 19.7 Post Tax NPV8 Refine local based 20 18.7 18.4 18.7 A$1.11 billion CAPEX & OPEX 15 9.
Slide 13: Approvals & Stakeholder engagement
Jaguar Project – Approvals & Stakeholder engagement Building relationships now and for the future Environmental Approvals On-Track ● Majority of the project footprint already disturbed (pasture land) ● Lodgement of EIA/RIMA completed – August 2021 Land Access ● Secured possession of two key properti
Slide 14: Resource Growth and Upside
Jaguar Project – Resource Growth and Upside 65km of development & growth drilling for 2021 Onça Deposits Resource Development & Growth 20km of in-fill and extensional drilling 15km of step-out drilling 5km of geotechnical & metallurgical drilling Jaguar Deposits +3.0km Greenfields Growth Drilling 25
Slide 15: Jaguar South - open at depth below current UG stope limits
Jaguar Project – Resource Growth and Upside Jaguar South - open at depth below current UG stope limits 300m 300m Untested Untested JAG-DD-20-151 – 17.6m at 4.86% Ni from 208m, UG stopes are limited by within 56.1m @ 2.05% Ni current base of drilling 15
Slide 16: Jaguar South – New EM Plates below deepest drilling
Jaguar Project – Resource Growth and Upside Jaguar South – New EM Plates below deepest drilling • EM Conductor plates are powerful targeting tool for semi-massive and massive sulphides at Jaguar and the Carajás region generally • Late-time (Ch20+) conductor plates now extend 270m below deepest drill
Slide 17: Jaguar Central & Onça Preta - deep plumbing, open and untested
Jaguar Project – Resource Growth and Upside Jaguar Central & Onça Preta - deep plumbing, open and untested JAG-DD-20-104 – 195.3m to 207.4m down-hole 12.1m at 5.38% Ni, within 30.8m @ 3.30% Ni 250m 300m Untested Untested DHEM to drive more deep massive sulphide discoveries 17
Slide 18: Near-mine greenfields exploration upside
Jaguar Project – Resource Growth and Upside Near-mine greenfields exploration upside 25,000m Greenfields RC drill program underway ● +10 untested prospects ● Coincident targets from ● GeoTEM ● Fixed Loop EM ● Ground Mag ● Geochem ● FLEM & DHEM – ongoing ● Soil sampling & mapping – ongoing Targeting
Slide 19: The Tigre Prospect – the next cat off the rank?
Jaguar Project – Resource Growth and Upside The Tigre Prospect – the next cat off the rank? Exploration Pipeline Tigre Leão Dente de Sabre Twister Roquefera Puma Contact Fliperama Jaguar Central Sul ● Maiden greenfields RC drilling at Tigre intersected significant percentages of sulphide Onça Preta
Slide 20: Targeted Development Timeline
Jaguar Project Targeted Development Timeline Q3/2023 – Formal Decision to Mine Q4/2022 – Definitive Feasibility Study Q4/2021 & Q2/2022 – MRE Resource Upgrades Q3/2021 – Lodge Key Environmental License Q1/2021– MRE Upgrade & Scoping Study Results 20
Slide 21: Corporate Summary
Corporate Summary Capital Structure September 2021 Shares on Issue 358.2m Unlisted Options 12.0m Top 20 Holders 62.5% Market Capitalisation ($1.08) A$387m Cash – 30 June 2021 A$20.4m Other Significant Assets Jambreiro Iron Ore Project Substantial Shareholders Sprott Inc. 9.6% McCusker Holdings Pty L
Slide 22: Key investment takeaways
Centaurus Key investment takeaways ● Nickel focus – sustainable nickel sulphide asset leveraged to strong long-term Class-1 nickel market outlook ● Extremely low carbon footprint – estimated to be lower than 97% of global nickel production ● Favourable infrastructure-rich project location – the worl
Slide 23: Contact us
Jaguar: Accelerating towards the world’s next “green” nickel project EurozHartleys Institutional Investor Nickel Day│ September 2021 Darren Gordon, Managing Director Contact us office@centaurus.com.au.au (+61) 8 6424 8420 Follow our communications: : Centaurus Metals : @CentaurusMetals 23
Slide 24: March 2021 JORC MRE & May 2021 Production Target
Centaurus March 2021 JORC MRE & May 2021 Production Target Resource Tonnes Grade Contained Metal kt Material Resource Ore Ni Metal Deposit Mining Method Ni % Category Mt Ni % Cu % Co ppm Ni Cu Co Type Category Mt kt IND 7.4 1.19 0.06 239 87.4 4.2 1.8 Open Pit High-grade IND 12.8 1.09% 140.2 Jaguar S
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