Centaurus Metals Limited · ASX:CTM
Centaurus Metals — RRS Summer Series 2019
20 slides from Centaurus Metals's conference presentation, Dec 3, 2019
Slide 1: Dawn of a new global nickel sulphide growth project
BRAZIL Pará For personal use only Minas Gerais ASX : CTM Dawn of a new global nickel sulphide growth project Advanced Jaguar Project – acquired from Vale Large-scale, open pit potential 10,000m drill program underway Outstanding results from initial drilling December 2019 I RRS Summer Series
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 For personal use only relation to the purchase or sale of shares in any jurisdiction. This presentat
Slide 3: Centaurus – A Ground-Floor Nickel Investment Opportunity
Centaurus – A Ground-Floor Nickel Investment Opportunity Focused on exploring and developing the advanced For personal use only Jaguar Nickel Project – acquired from Vale in September 2019 High-quality entry into sought-after nickel sulphide development space Global foreign resource of 40.4Mt at 0.7
Slide 4: Corporate Summary
Corporate Summary Experienced Board and Management Team For personal use only Capital Structure Shares on Issue 3,790m Didier Murcia – Non-executive Chairman Lawyer with +30 years experience across multiple commodities & jurisdictions Listed Options (EP $0.012, Exp 31/5/21) 434m Darren Gordon – Mana
Slide 5: Nickel – Plummeting Inventories a Sign of Things to Come…
Nickel – Plummeting Inventories a Sign of Things to Come… For personal use only Nickel prices hit record high of 600 $60,000 US$50,000/t in 2007-08 Supply response (+technology and SHFE (kt) substitution) generated 500 LME (kt) $50,000 considerable inventories US$/t Start of NPI Nickel Pig Iron (NPI
Slide 6: Nickel – The Looming EV Revolution
Nickel – The Looming EV Revolution Current nickel market size ~2.5Mt For personal use only 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 7: The Carajás Mineral Province – Land of the Giants
The Carajás Mineral Province – Land of the Giants 10 IOCG deposits with resources of +100Mt For personal use only Cu-Au, including six >300Mt for +4.0Bt of Cu- Au resources Includes Vale’s giant Salobo Mine which hosts Reserves of 1.2Bt @ 0.61% Cu, 0.3g/t Au Hosts the largest high-grade iron ore dep
Slide 8: Large-Tonnage Resources at Surface
Jaguar Project – Large-Tonnage Resources at Surface Historical resources of 40.4Mt at 0.78% Ni – 315,000 tonnes of contained Nickel Metal For personal use only Grade Metal Resource2 estimate completed in 2010 based on more than 55,000m of diamond drilling Classification1 Mt Ni % Cu % Co ppm Ni Cu Co
Slide 9: Multiple Deposits, Brownfields and Greenfield Targets
Jaguar – Multiple Deposits, Brownfields and Greenfield Targets For personal use only Multiple Multiple Deposits Greenfields Targets and Brownfields Targets Onça-Rosa Onça-RosaProspect: Target: Onça-Preta Deposit: 400m strike • 7.9m at 5.27% Ni from 247m • 12.2m at 1.80% Ni from 84.9m Nearest drill h
Slide 10: Maiden Drill Campaign
Jaguar Project – Maiden Drill Campaign For personal use only Centaurus drill campaign objectives: 1. Confirm and extend the known high- grade nickel sulphide intersections 2. Identify new high-grade nickel sulphide zones FLEM and DHEM conductor plates consistently correlate well with high- grade nic
Slide 11: South – Outstanding First Assay Results
Jaguar South – Outstanding First Assay Results Jaguar South – over 1.2km strike with wide sub-vertical semi-massive For personal use only and massive nickel sulphide zones At the Jaguar South Deposit, the Company’s first drill hole, JAG-DD-19-002, intersected: 12.4m at 1.95% Ni, 0.10% Cu and 0.03% C
Slide 12: South – Open in Both Directions and at Depth
Jaguar South – Open in Both Directions and at Depth For personal use only Millerite, the highest tenor nickel sulphide mineral, appears to be the dominant nickel sulphide at Jaguar South Mineralisation is open in both directions and at depth Additional step-out holes planned to test the along strike
Slide 13: The Onça-Preta Deposit
Jaguar Project – The Onça-Preta Deposit Onça-Preta – 100m long DHEM conductor plate sitting within a broader For personal use only 400m long FLEM conductor At the Onça-Preta Deposit, the first two drill holes, JAG-DD-19-001 and JAG-DD- 19-003, intersected: 6.2m at 1.90% Ni, 0.10% Cu and 0.07% Co fro
Slide 14: The Onça-Preta Deposit
Jaguar Project – The Onça-Preta Deposit For personal use only JAG-DD-19-001 returned the highest- grade intersection seen on the project: 1.0m at 9.06% Ni, 0.55% Cu and 0.40% Co JAGU-DH00014, returned 18.0m @ 2.19% Ni including 9.4m @ 2.96% Ni from 318m depth and the DHEM conductor plates continue d
Slide 15: The Onça-Rosa Prospect
Jaguar Project – The Onça-Rosa Prospect For personal use only The Onça-Rosa Prospect 800m west of Onça-Preta Deposit Hosts +1.5km strike of Ni/Cr in soil anomalies (Ni Sulphides) coincident with ground magnetics and IP anomalies 600m long EM conductor plate, tested by only two historical diamond dri
Slide 16: A Metallurgical Head Start
Jaguar Project – A Metallurgical Head Start Preliminary Metallurgical Testwork For personal use only Nickel sulphide mineralisation is recoverable by conventional flotation process Preliminary lock-cycle flotation tests targeted Voisey’s Bay high-grade +23% nickel concentrate returned a 64% recovery
Slide 17: 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 (230kVA) sub-station located 15km so
Slide 18: Only 15km From Onça Puma Ferronickel Plant
Jaguar Project – Only 15km From Onça Puma Ferronickel Plant For personal use only 18
Slide 19: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways Nickel focus – large-scale, high-quality nickel sulphide asset For personal use only leveraged to strong long-term nickel market outlook Substantial resource – 40.4Mt at 0.78% Ni (0.5% Ni cut-off) for a total of 315,000 tonnes of contained nickel Outstanding high
Slide 20: For personal use only
BRAZIL Pará For personal use only Minas Gerais ASX : CTM Authorised for release by: Darren Gordon Managing Director Centaurus Metals Ltd Tel: (+61-8) 6424 8420 Level 3, 10 Outram St West Perth WA 6005 3 December 2019 I RRS Summer Series I Darren Gordon, Managing Director