Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Resources Rising Stars Online 2020
24 slides from Centaurus Metals's conference presentation, May 27, 2020
Slide 1: Jaguar: the new global nickel sulphide growth project
BRAZIL Pará Minas Gerais ASX : CTM Jaguar: the new global nickel sulphide growth project ✓ Advanced nickel project acquired from Vale ✓ High-grade development potential – open pit & underground ✓ Maiden JORC Resource mid-2020 27 May 2020 I RRS Online I 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: A Compelling Nickel Investment Opportunity
A Compelling Nickel Investment Opportunity Focused on developing the advanced Jaguar Nickel Sulphide Project – Transaction with Vale closed April 2020 Global foreign resource of 40.4Mt at 0.78% Ni* (0.5% Ni cut-off): – 315,000 tonnes of contained nickel, based on more than 55,000m of diamond drillin
Slide 4: Corporate Summary
Corporate Summary Capital Structure May 2020 Shares on Issue 259.7m Listed Options (EP $0.18, Exp 31/5/21) 28.9m Unlisted Options 7.3m Top 20 Holders 53% Directors & Management Holding 5% Market Capitalisation ($0.27) A$70.1m Cash as at 31 March 2020 A$7.5m 6 $0.30 4 Ni US$20,000/t $0.20 Substantial
Slide 5: Board and Management Team
Board and Management Team Extensive Brazil and Nickel Development Experience 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 METALLURGIST PRINCIPA
Slide 6: Nickel – The Looming EV Revolution
Nickel – The Looming EV Revolution 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 to meet this additiona
Slide 7: 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 mining regions Effective industrial zone of Brazil with extensive infrastructure to support project development 10 IOCG deposits with resources of +100Mt Cu-Au, including six >300Mt for +4.0Bt of C
Slide 8: Jaguar Project – 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 Grade Metal Resource2 estimate completed in 2010 based on more than 55,000m of diamond Classification1 Mt Ni % Cu % Co ppm Ni Cu Co drilling Measured 19.0 0.79 0.
Slide 9: Jaguar Project – Multiple Deposits & Targets
Jaguar Project – Multiple Deposits & Targets Priority High-Grade Resource Drilling Jaguar South Onça Preta Jaguar Central Jaguar North High Impact Exploration Drilling Onça Rosa Discovery DHEM Greenfields Growth Ground Mag & FLEM Geochem & Mapping 9
Slide 10: Jaguar South Deposit – Open at Depth and Along Strike
Jaguar South Deposit – Open at Depth and Along Strike High-grade mineralisation extending beyond historical resource envelope More than 40 diamond drill holes now drilled at Jaguar South – 19 by CTM Drilling has confirmed the consistency of the high-grade zones – many close to surface Mineralisation
Slide 11: Jaguar South Deposit – Significant High-Grade Nickel
Jaguar South Deposit – Significant High-Grade Nickel Latest CTM results: ❑ 37.7m at 2.11% Ni from 109m ❑ 21.8m at 2.65% Ni from 22m ❑ 14.0m at 2.40% Ni from 129m ❑ 6.1m at 2.51% Ni from 96m ❑ 10.8m at 1.89% Ni from 31m ❑ 4.6m at 2.25% Ni from 137m ❑ 5.5m at 3.94% Ni from 149m ❑ 16.0m at 1.47% Ni fro
Slide 12: Jaguar South Deposit – High-Grade Zones Hanging Together
Jaguar South Deposit – High-Grade Zones Hanging Together +600m strike of semi-massive and massive nickel sulphide from surface to +300m depth DHEM conductor plates have been tested 100m to the west, intersecting Ni- sulphides – assays pending 12
Slide 13: Onça Preta Deposit – High Grade and Near-Surface
Onça Preta Deposit – High Grade and Near-Surface Shallow high-grade zone extended to +150m strike within broader +200m zone High-grade and shallow – 14.9m at 2.94% Ni from just 56.8m depth 13
Slide 14: Onça Preta Deposit – Width & Grade Increasing with Depth
Onça Preta Deposit – Width & Grade Increasing with Depth +150m strike of semi-massive and massive nickel sulphide from surface to +300m depth – and open Latest CTM Results: ❑ 26.2m at 1.42% Ni from 221m ❑ 4.7m at 2.26% Ni from 50m ❑ 9.9m at 1.29% Ni from 252m ❑ 6.4m at 1.34% Ni from 94m ❑ 4.5m at 1.
Slide 15: 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 Significant intersections to date: ❑ 9.3m @ 3.13% Ni (from 282m) ❑ 7.9m @ 5.27% Ni (from 247m) ❑ 3.5m @ 2.38% Ni (from 272m) ❑ 3.9m @ 3.19% Ni (from 14m) ❑ 7
Slide 16: Jaguar Central & North Deposits – Drilling underway
Jaguar Central & North Deposits – Drilling underway • Both deposits are +400m long zones • Both deposits are open down dip and along strike • Multiple historical DHEM conductor plates to assist with drill targeting Historical drill results: ❑ 31.4m @ 2.47% Ni from 15.3m ❑ 26.0m @ 2.13% Ni from 66.0m
Slide 17: Jaguar Project – Greenfields Growth Potential
Jaguar Project – Greenfields Growth Potential 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 sampling & mapping – underw
Slide 18: Jaguar Project – Project Development Underway
Jaguar Project – Project Development Underway 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 characteristics Using traditi
Slide 19: Jaguar Project – Environmental Licensing Underway
Jaguar Project – Environmental Licensing Underway Fast-tracking Approvals 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 for main environmental
Slide 20: Jaguar Project – Outstanding Infrastructure and Logistics
Jaguar Project – Outstanding Infrastructure and Logistics 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 south-east at Vale’s Onça
Slide 21: Jaguar Project – Only 15km From Onça Puma Ferronickel Plant
Jaguar Project – Only 15km From Onça Puma Ferronickel Plant 21
Slide 22: Jaguar Project Development Timeline
Jaguar Project Development Timeline 2020 2021 2022 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 Ongoing resource and explora
Slide 23: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways Nickel focus – high-grade nickel sulphide asset leveraged to strong long- term nickel market outlook Substantial foreign resource – 40.4Mt at 0.78% Ni (0.5% Ni cut-off) for a total of 315,000 tonnes of contained nickel Maiden JORC Resource by mid-2020 Outstanding
Slide 24: Jaguar: the new global nickel sulphide growth project
BRAZIL Pará Minas Gerais ASX : CTM Jaguar: the new global nickel sulphide growth project ✓ Advanced nickel project acquired from Vale ✓ High-grade development potential – open pit & underground ✓ Maiden JORC Resource mid-2020 27 May 2020 I RRS Online I Darren Gordon, Managing Director
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