Slide 1: ASX Announcement: Investor Presentation
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 3 July 2020 Investor Presentation For personal use only Centaurus Metals Ltd (ASX: CTM) is pleased to provide the Company's latest investor presentation (attached) following the announcement of a maiden JORC Mineral Resource estimate for its Jaguar Nickel
Slide 2: Jaguar: the new global nickel sulphide growth project
BRAZIL Pará For personal use only Minas Gerais ASX : CTM Jaguar: the new global nickel sulphide growth project ✓ Near Surface +500Kt Maiden JORC Mineral Resource Estimate ✓ Outstanding resource growth and new discovery opportunities ✓ High-grade development potential – open pit & underground July 20
Slide 3: 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 For personal use only relation to the purchase or sale of shares in any jurisdiction. This presentat
Slide 4: Nickel – The Looming EV Revolution
Nickel – The Looming EV Revolution For personal use only Current nickel market size ~2.5Mt Nickel demand for batteries growing strongly (more than 4X in six years to 2018) but from a low base – still only 145,000t or 6% of market Depending on the scenario for the EV rate of adoption, nickel volumes
Slide 5: Centaurus - A Compelling Nickel Investment Opportunity
Centaurus - A Compelling Nickel Investment Opportunity Focused on developing the advanced Jaguar Nickel Sulphide For personal use only Project Globally Significant Maiden JORC Indicated and Inferred Mineral Resource Estimate (MRE) of 48.0Mt at 1.08% Ni for 517,500 tonnes of nickel metal – 80% of nic
Slide 6: Centaurus – COVID19 Response
Centaurus – COVID19 Response For personal use only Centaurus continues to work closely with the health authorities in the local municipalities to ensure the health and safety of its people and community. Community Support: ➢ 500 test kits as well as medical PPE (masks, coveralls and hand sanitiser)
Slide 7: Corporate Summary
Corporate Summary For personal use only Capital Structure July 2020 CTM Share Register Composition Shares on Issue 261.5m 26% Listed Options (EP $0.18, Exp 31/5/21) 28.9m Institutional & Corporate Unlisted Options 12.1m 41% Board & Management High Net Worth Top 20 Holders 54% 5% Retail Directors & M
Slide 8: Board and Management Team
Board and Management Team Extensive Brazil and Nickel Development Experience For personal use only MANAGEMENT TEAM DARREN GORDON BRUNO SCARPELLI ROGER FITZHARDINGE JOHN WESTDORP JOHN KNOBLAUCH ROCKY OSBORNE MANAGING DIRECTOR BRAZIL COUNTRY MANAGER OPERATIONS MANAGER CHIEF FINANCIAL OFFICER PRINCIPAL
Slide 9: Brazil's Carajás Mineral Province – Land of the Giants
Brazil’s Carajás Mineral Province – Land of the Giants The Carajás is one of the world’s most prolific For personal use only mining regions – Effective industrial zone of Brazil Extensive infrastructure to support project development 10 IOCG deposits with resources of +100Mt Cu-Au for +4.0Bt of Cu-A
Slide 10: Project – Building Something Special
Jaguar Project – Building Something Special For personal use only Growth & Development In-fill and Extensional Resource Drilling Jaguar mineralisation remains open both at depth and along strike High Impact Exploration Drilling Onça Rosa Discovery Confirmation New DHEM/FLEM Targets Opportunity 48.0M
Slide 11: Project – Large-Tonnage Resource at Surface
Jaguar Project – Large-Tonnage Resource at Surface For personal use only JORC Mineral Resource Estimate of 48.0Mt at 1.08% Ni for 517,500 tonnes of contained Nickel Metal Tonnes Grade Contained Metal Tonnes Classification Ore Type Mt Ni % Cu % Co ppm Ni Cu Co Transition Sulphide 0.3 1.09 0.09 310 3,
Slide 12: Project – High-Grade Open-pit Potential
Jaguar Project – High-Grade Open-pit Potential For personal use only MRE Contains Significant High-Grade portion of 20.6Mt at 1.56% Ni for 321,400 tonnes of contained Nickel Metal Ni% Cut-off Grade Tonnes Grade Metal Tonnes Surface - 200m + 200m Mt Ni % Ni • More than 70% of High-Grade MRE is within
Slide 13: Project – Multiple Deposits & Targets
Jaguar Project – Multiple Deposits & Targets For personal use only Resource Growth In-fill and Extensional Drilling Step-out Drilling Greenfields Growth Drilling to start in 2-3 months 12
Slide 14: South Deposit – Open at Depth and Along Strike
Jaguar South Deposit – Open at Depth and Along Strike For personal use only 15.5Mt at 1.10% Ni for 170,700 tonnes of contained Nickel Metal High-grade: 7.0Mt at 1.58% Ni for 110,900 tonnes of Nickel Metal High-grade from surface and open along strike and at depth Strong correlation between high- gra
Slide 15: South Deposit – High-Grade Zones Hanging Together
Jaguar South Deposit – High-Grade Zones Hanging Together For personal use only +600m strike of semi-massive and massive nickel sulphide from surface to +300m depth (and still open) Best intercepts from Jaguar South: ❑ 34.0m at 3.31% Ni from 56m ❑ 42.3m at 2.20% Ni from 76m ❑ 37.7m at 2.11% Ni from 1
Slide 16: Central & North Deposits – Drilling Ongoing
Jaguar Central & North Deposits – Drilling Ongoing For personal use only Jaguar North 2.8Mt at 1.14% Ni for 32,300 tonnes of contained Nickel Metal High-grade: 1.5Mt at 1.50% Ni for 22,100 tonnes of Nickel Metal 7.4Mt at 1.13% Ni for 83,400 tonnes of contained Nickel Metal Jaguar Central High-grade:
Slide 17: Central Deposit – More Results Soon
Jaguar Central Deposit – More Results Soon For personal use only +400m strike of semi-massive nickel sulphide from surface to +300m depth (open along strike and down dip) Results from first two CTM drill holes at Jaguar Central : Multiple DHEM conductor plates indicate ❑ 40.5m at 1.35% Ni from 20.0m
Slide 18: North Deposit – More Near Surface & High-Grade
Jaguar North Deposit – More Near Surface & High-Grade For personal use only Results from first three CTM drill holes at Jaguar North: ❑ 26.8m at 1.21% Ni from 84.3m o incl 10.8m at 2.10% Ni from 84.3m ❑ 28.5m at 1.44% Ni from 29.1m +400m strike of semi-massive and massive nickel sulphide from o incl
Slide 19: Onça Preta Deposit – High Grade and Near-Surface
Onça Preta Deposit – High Grade and Near-Surface For personal use only 3.6Mt at 1.59% Ni for 56,600t of Nickel Metal High-grade: 2.9Mt at 1.75% Ni for 51,700 tonnes of Nickel Metal 14.9m at 2.94% Ni from just 56.8m depth 18
Slide 20: Onça Preta Deposit – Width & Grade Increasing with Depth
Onça Preta Deposit – Width & Grade Increasing with Depth For personal use only +150m strike of semi-massive and massive nickel sulphide from surface to +300m depth – and open Best intercepts from the Onça Preta Deposit: ❑ 14.9m at 2.94% Ni from 57m ❑ 18.0m at 2.19% Ni from 318m ❑ 7.9m at 2.18% Ni fr
Slide 21: Onça Rosa – Got the "Pink Panther" by the tail!
Onça Rosa – Got the “Pink Panther” by the tail! 600m long FLEM plate coincident with ground magnetic at major regional structural intersection For personal use only Significant intersections to date: ❑ 9.3m at 3.13% Ni (from 282m) ❑ 7.9m at 5.27% Ni (from 247m) ❑ 3.5m at 2.38% Ni (from 272m) ❑ 3.9m
Slide 22: Project – Greenfields Growth Potential
Jaguar Project – Greenfields Growth Potential For personal use only The Jaguar Project sits at the intersection of two regionally important mineralising structures Multiple untested prospects Coincident GeoTEM, Ground Mag and Geochem targets Detailed Ground Mag – completed FLEM – underway Soil sampl
Slide 23: Project – Project Development Underway
Jaguar Project – Project Development Underway For personal use only Preliminary Metallurgical Testwork Flotation tests deliver +80% nickel recoveries* from Jaguar South and Onça Preta ore Quality +16% nickel concentrate, with high Fe:MgO (~5.5:1) and low arsenic – highly desirable marketable charact
Slide 24: Project – Environmental Licensing Underway
Jaguar Project – Environmental Licensing Underway Fast-tracking Approvals For personal use only Initial drilling licence secured through to October 2022 Significant amount of environmental data historically collected by Vale for use by CTM in approval process Terms of reference received from Semas f
Slide 25: Project – Outstanding Infrastructure and Logistics
Jaguar Project – Outstanding Infrastructure and Logistics For personal use only 35km north of regional mining centres of Tucumã and Ourilândia do Norte (population 50,000) with access via all-weather roads – mining towns with strong skilled workforce High-Voltage (230kV) sub-station located 15km sou
Slide 26: Project – Only 15km From Onça Puma Ferronickel Plant
Jaguar Project – Only 15km From Onça Puma Ferronickel Plant For personal use only 25
Slide 27: Project Development Timeline
Jaguar Project Development Timeline 2020 2021 2022 For personal use only Q1 Q2 Q3 Q4 DRILLING Resource Drilling - Infill & Extensional Jaguar South Jaguar Central Jaguar North Jaguar West Onça Preta Resource Drilling - New Resources Onça Rosa Regional Exploration Drilling New Priority Targets Ongoin
Slide 28: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways Nickel focus – high-grade nickel sulphide asset with flexible development options For personal use only leveraged to strong long-term nickel market outlook Favourable project location - Carajás Mineral Province; Globally Significant Maiden JORC MRE – 48.0Mt at 1.
Slide 29: Jaguar: the new global nickel sulphide growth project
BRAZIL Pará For personal use only Minas Gerais ASX : CTM Jaguar: the new global nickel sulphide growth project ✓ Near Surface +500Kt Maiden JORC Mineral Resource Estimate ✓ Outstanding resource growth and new discovery opportunities ✓ High-grade development potential – open pit & underground July 20
Slide 30: Annexure – Jaguar MRE by Deposit
Annexure 1 – Jaguar MRE by Deposit Tonnes Grade Contained Metal Tonnes For personal use only Deposit Classification Mt Ni % Cu % Co ppm Ni Cu Co Indicated 4.5 1.38 0.07 270 62,700 3,100 1,200 Jaguar South Inferred 10.9 0.99 0.04 204 108,000 4,600 2,200 Total 15.5 1.10 0.05 223 170,700 7,800 3,500 In
Slide 31: Annexure – Jaguar High-Grade MRE by Deposit
Annexure 2 – Jaguar High-Grade MRE by Deposit Tonnes Grade Contained Metal Tonnes For personal use only Deposit Classification Mt Ni % Cu % Co ppm Ni Cu Co Indicated 2.9 1.75 0.09 330 50,500 2,500 1,000 Jaguar South Inferred 4.1 1.46 0.06 278 60,400 2,400 1,100 Total 7.0 1.58 0.07 300 110,900 4,900