Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Investor Presentation (September 2026)
21 slides from Centaurus Metals's investor presentation, September 2026
Slide 1: Delivering the world’s next major nickel sulphide mine
Delivering the world’s next major nickel sulphide mine A fully-permitted Tier-1 nickel project moving towards financing and construction | September 2026
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: Investment Highlights
Investment Highlights Delivering the world’s next major nickel sulphide mine Tier-1 Asset Development-Ready 1.2Mt contained nickel Mining Lease granted Long-life open pit operation – initial 15-year life Environmental approvals secured First quartile operating costs and strong margins National
Slide 4: Progress Checklist Timeline
Progress Checklist Jaguar is now entering the financing and execution phase August 2025 October 2025 October 2025 March 2026 March 2026 $23m capital Maiden US$450m, LOI received for Timeline raising to propel Jaguar Nickel Acquisition of 5-year nickel offtake US$190m in funding Jaguar towards Projec
Slide 5: Brazil – Highly Favourable Mining Jurisdiction
Brazil – Highly Favourable Mining Jurisdiction Active Government support for Critical Minerals GOVERNMENT SUPPORT MINING CULTURE ROAD MAP TO MINING Well-established mining regulation Strong support from Brazil Well-established mining region with and tenement system with Jaguar Government for critica
Slide 6: Brazil’s Carajás Mineral Province
Brazil’s Carajás Mineral Province A world-class global mining province – “land of the giants” The Carajás contains one of the world’s largest known concentrations of large-tonnage world-class mineral deposits 6
Slide 7: Board and Capital Structure
Board and Capital Structure (ASX:CTM, OTCQX: CTTZF) Highly Experienced Board 574m A$298m An experienced leadership team, clean corporate structure Shares on issue and strong balance sheet with a clear pathway to value Market cap at A$0.52 growth as project development advances. 73% Top-20 holders 33
Slide 8: Jaguar Nickel Project – Key Project Highlights
Jaguar Nickel Project – Key Project Highlights Large-scale, long-life project moving to FID 1.2Mt Nickel (Contained) 15-year life US$735M NPV (Post Tax basis, US$9/lb Ni Price) First quartile costs 34% IRR (Post Tax basis, US$9/lb Ni Price) 22.6ktpa Ni production Low-carbon nickel (Avg production fi
Slide 9: Jaguar – A World-Class Nickel Deposit
Jaguar – A World-Class Nickel Deposit Tier-1 Resource with further exceptional growth potential JORC MRE: 138.2Mt @ 0.87% Ni for 1.20 million tonnes of contained nickel Refer to slide 21 for underlying data references 9
Slide 10: Jaguar – Upside and Growth Opportunities
Jaguar – Upside and Growth Opportunities Improvement opportunities to be pursued after FID ► Resources of 21.5Mt at 1.46% Ni for 313kt of contained nickel metal below the current pits ► Of this, 15.5Mt at 1.50% Ni for 233kt of contained nickel is classified as Measured and Indicated categories ► Int
Slide 11: Jaguar – Mining Operations
Jaguar – Mining Operations Globally significant project delivering 22.6ktpa of Ni over first 7 years ► Low capital intensity, with pre-production CAPEX of US$380 million ► JORC Reserve – 52.0Mt @ 0.78% Ni for 406,100t Ni metal ► Open pit mining by local mining contractor; Tailings facilities built f
Slide 12: Jaguar – Financial Metrics
Jaguar – Financial Metrics Strong free cash flow of US$169m pa (A$264m) over first seven years US$3.34/lb LOM C1 Cash Costs (payable basis) US$4.43/lb LOM AISC (payable basis) * US$1.62b Total Free Cash Flow Capital Payback 1.8 years * Project cash flows at US$9/lb 12
Slide 13: Jaguar – Positioned for a Nickel Price Recovery
Jaguar – Positioned for a Nickel Price Recovery LME Nickel Price Centaurus hasn’t been waiting for the cycle to turn – it has continued to significantly de-risk Jaguar ahead of a potential nickel market recovery Jaguar Acquired 13
Slide 14: Jaguar – Offtake and Financing Process Gaining Momentum
Jaguar – Offtake and Financing Process Gaining Momentum Initial Binding Offtake Agreement Secured Offtake ► Maiden nickel Offtake Agreement secured with Glencore AG ► Covers supply of 20,000tpa of high-grade nickel concentrate (~6,400 tpa of nickel in concentrate) ► Average one-third of Jaguar’s for
Slide 15: Jaguar – Pre-Development Activities Accelerating
Jaguar – Pre-Development Activities Accelerating Activities accelerating on multiple fronts ahead of FID ENGINEERING ► Basic Engineering completed. Detailed design underway on multiple fronts INFRASTRUCTURE ► Initial road improvement and site establishment work underway POWER CONNECTION ► High-volta
Slide 16: Boi Novo Copper-Gold Project
Boi Novo Copper-Gold Project Emerging copper- gold discovery in the Carajás 16
Slide 17: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration The Carajás is the world’s premier IOCG address ► 75 km2 Project footprint recently expanded with acquisition of Rio Novo tenure ► Drilling at Boi Novo intersected semi-massive sulphide zones, intersections include: ► 36.7m at 1.58% Cu and 0.05g/t Au ► 5.5m
Slide 18: Key Investment Takeaways
Key Investment Takeaways • Tier-1 scale - 1.2Mt contained nickel MRE, long-life open-pit operation. • Development-ready - fully permitted, power secured and site establishment underway. • Low-cost - First-quartile costs; 1.8-year payback and strong free cash flows • Funding is the Near-Term Catalyst
Slide 19: Delivering the world’s next major nickel sulphide mine
Delivering the world’s next major nickel sulphide mine A fully-permitted Tier-1 nickel project moving towards financing and construction Roger Fitzhardinge General Manager – Exploration & Growth : +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 20: Jaguar Nickel Sulphide Project Resource and Reserve
Jaguar Nickel Sulphide Project August 2024 Mineral Resource Estimate & May 2025 Ore Reserve Estimate Grade Contained Metal (Tonnes) Classification* Mt Ni % Cu % Co ppm Ni Cu Co Measured 14.8 1.06 0.07 388 156,100 10,200 5,900 Indicated 97.8 0.84 0.06 246 822,800 61,100 24,000 Measured & Indicated 11
Slide 21: Nickel Sulphide Deposit Comparison Data and References
Centaurus Data and references for comparison of pre-mined resources of global nickel sulphide Deposits and Camps Current Resource MI&I - Ni Metal Historic Prodn (h) Pre-Mined Resource MI&I Camp / Deposit Country Company Stage Resource Date Measured (f) Indicated Inferred Total Mt Ni in-situ Mt Ore %
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