Centaurus Metals Limited · ASX:CTM
Centaurus Metals — RRS Summer Series Conference 2024
27 slides from Centaurus Metals's conference presentation, Dec 2, 2024
Slide 1: Discovering & delivering a new generation of critical minerals projects in Brazil
Discovering & delivering a new generation of critical minerals projects in Brazil Darren Gordon Managing Director
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 Snapshot
Investment Snapshot ► Strong track record in Brazil spanning +15 years ► Experienced and respected in-country team ► Key asset – Jaguar Nickel Project – world-class Resource of 138.2Mt @ 0.87% Ni for 1.2Mt contained nickel ► Jaguar closing-in on FID in 2025: FS shows +18-year nickel mine producing 1
Slide 4: Corporate Snapshot
Corporate Snapshot 497m (ASX:CTM) Shares on issue A$209m Market cap at A$0.42 Highly Experienced Board 67.3% Experienced leadership team, clean corporate structure Top-20 holders and strong balance sheet with clear a pathway to value growth as project development advances. 6.6m ~A$20m Cash (31/10/24
Slide 5: Brazil – Highly Favourable Mining Jurisdiction
Brazil – Highly Favourable Mining Jurisdiction A highly competitive global mining destination STRATEGIC MINERALS POLICY ENVIRONMENTAL ROAD MAP TO MINING Recently created to assist in Approval process clearly Well-established mining the approval process for defined with Jaguar EIA regulation and tene
Slide 6: Jaguar Nickel Project
Jaguar Nickel Project Delivering the world’s next significant nickel sulphide mine 6
Slide 7: 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 7
Slide 8: Brazil’s Carajás Mineral Province
Brazil’s Carajás Mineral Province Outstanding infrastructure and logistics ► High-Voltage (230kV) grid power runs within 40km of the Project ► Brazil’s national power grid runs on +80% renewables ► Low cost, clean power ► Project located 40km north of Tucumã and Ourilândia do Norte (pop +70,000) – m
Slide 9: Jaguar: A New Nickel Sulphide Powerhouse
Jaguar: A New Nickel Sulphide Powerhouse Closing-in on a Final Investment Decision in 2025 Ready to go FS complete, Key Environmental Licence issued FID targeted for Q2 2025 Scale 18,700tpa Ni production, 18-year life Ore Reserve: 63Mt at 0.73% Ni – 459,200t Ni Low costs Low up-front capit
Slide 10: 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 The highest-grade undeveloped nickel sulphide deposit globally with +1Mt of contained nickel metal and completely unencumbered off-
Slide 11: Jaguar – Low Operating Costs to Drive Strong Margins
Jaguar – Low Operating Costs to Drive Strong Margins Open pit mining supported by low-cost, low-emission power US$0.035/kWh via 230kV Brazilian national grid powered by renewables Conventional open-cut mining and processing US$/lb of US$/t of ore Nickel in Cost milled Concentrate Produced Mining $18
Slide 12: Jaguar – Low Operating Costs to Drive Strong Margins
Jaguar – Low Operating Costs to Drive Strong Margins First quartile AISC amongst global operators and developers Life-of-mine AISC of US$3.57/lb (Contained Basis) = US$4.70 Payable Basis 12
Slide 13: Jaguar – Long Life with Low Capital Intensity
Jaguar – Long Life with Low Capital Intensity Conventional nickel flotation plant Capital payback of 2.7 years from first nickel concentrate production Total Description USD$M Pre-Strip Mining (incl waste for IWL Construction) 67.8 Process Plant 101.0 Tailings and Water Management 18.5 Non-Process I
Slide 14: Jaguar – A Class Leader in GHG Emissions
Jaguar – A Class Leader in GHG Emissions Poised to deliver high-quality, low-emission nickel to global markets Jaguar is currently net sequester of Carbon CO2 footprint forecast to be lower than 94% of global nickel production GHG Intensity Curve – Nickel (E1 GHG Emission Metrics®) Scope 1 1.55t Sco
Slide 15: Jaguar – a near surface high-grade opportunity
Jaguar – a near surface high-grade opportunity Optimised mine plan to support early capital payback HIGH-GRADE: 36.1Mt @ 1.49% Ni for 537,900 tonnes of contained nickel (1.0% nickel cut-off ) 8.3Mt @ 1.52% Ni for 125,400 tonnes of contained nickel sits less than 100m from surface – fresh sulphide mi
Slide 16: Jaguar – Upside and Growth Opportunities
Jaguar – Upside and Growth Opportunities Improvement opportunities to be pursued ahead of FID Resources of 21.5Mt at 1.46% Ni for 313kt of contained nickel metal sits below the current FS pit designs – strong underground opportunity ► Re-optimise and re-schedule the open pits; allowing for 30% inc
Slide 17: Jaguar Project Targeted Development Timeline
Jaguar Project Targeted Development Timeline H2/2027 – First Production H2/2025-H1/2027 – Construction Phase Q2/2025 – Final Investment Decision Q3/2024 – MRE Upgrade Delivered Q3/2024 – Definitive Feasibility Study Q1/2024 – Preliminary Licence (LP) Issued Q1/2024 – Mining Lease Application Approve
Slide 18: Boi Novo Copper-Gold Project
Boi Novo Copper-Gold Project Emerging IOCG discovery in the Carajás 18
Slide 19: Brazil’s Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 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 19
Slide 20: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration The Carajás is the world’s premier IOCG address ► 35km from Vale’s copper-gold concentrate load-out facility, 20km from BHP’s Antas Norte Cu flotation plant ► Drone Magnetics (DMAG), FLEM and IP geophysical surveys complete – Drilling underway ► Maiden dril
Slide 21: Jambreiro Iron Ore Project Permit Renewal
Jambreiro Iron Ore Project Permit Renewal Underway for DR Pellet Feed Product 21
Slide 22: Jambriero – Well Located for Domestic & Global Markets
Jambriero – Well Located for Domestic & Global Markets ► 110km from Ipatinga steel-making region ► JORC Resource of 127.2Mt ► Initial Ore Reserve of 48.5Mt ► Over 19,000m of diamond and RC drilling to support JORC Resource and Reserve ► Over US$25 million spent on exploration, feasibility and engine
Slide 23: Jambreiro – JORC Ore Reserves & DRPF Product Quality
Jambreiro – JORC Ore Reserves & DRPF Product Quality Ore Reserve Million Project Fe (%) SiO2 (%) Al2O3 (%) P (%) LOI (%) Classification Tonnes Proved 35.4 28.5 49.6 4.3 0.04 1.7 Jambreiro* Probable 13.1 27.2 49.0 5.3 0.04 2.4 TOTAL 48.5 28.1 49.4 4.6 0.04 1.9 JORC Ore Reserve produces 18Mt of High G
Slide 24: Key Investment Takeaways
Key Investment Takeaways Long-term Brazil focus Diversified asset base Advanced nickel and iron ore projects closing-in on development decisions Aim to build a pipeline of critical mineral projects Experienced team Well-funded to execute our growth strategy 24
Slide 25: Discovering & delivering a new generation of critical minerals projects in Brazil
Discovering & delivering a new generation of critical minerals projects in Brazil Authorised for release by: Darren Gordon – Managing Director : +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 26: Jaguar Nickel Sulphide Project
Jaguar Nickel Sulphide Project August 2024 MRE & July 2024 Ore Reserve Estimates * Within pit limits cut-off grade 0.3% Ni; below pit limits cut-off grade 0.7% Ni; Totals are rounded to reflect acceptable precision; subtotals may not reflect global totals. All oxide material is considered as waste a
Slide 27: Centaurus
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 %