Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Diggers & Dealers 2026
21 slides from Centaurus Metals's conference presentation, August 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 | August 2026 1
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 566m A$255m An experienced leadership team, clean corporate structure Shares on issue and strong balance sheet with a clear pathway to value Market cap at A$0.45 growth as project development advances. 73% Top-20 holders 43
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 – Mining Operations
Jaguar – Mining Operations Optimised 15-year conventional open pit mine plan ► JORC Reserve – 52.0Mt @ 0.78% Ni for 406,100t tonnes Ni metal ► Open pit mining by Brazilian Mining Contractor ► Tailings facilities built from ex-mine waste production to reduce costs ► Minimal oxide waste strip required
Slide 11: Jaguar – Production Profile
Jaguar – Production Profile Globally significant project delivering 22.6ktpa of Ni over first 7 years 3.5 Mtpa Conventional Process Plant 18,700tpa LOM Avg Annual Production 70% Avg Process Recovery 11
Slide 12: 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 ► 15.5Mt at 1.50% Ni for 233kt of contained nickel metal of these Resources are in the Measured and Indicated catego
Slide 13: Jaguar – Financial Metrics
Jaguar – Financial Metrics Strong free cash-flow of US$169m pa (A$264m) over first 7 years US$3.34/lb LOM C1 Cash Costs (payable basis) US$4.43/lb LOM AISC (payable basis) * US$1.62b Free Cash Flows Capital Payback 1.8 years * Project cash flows at US$9/lb 13
Slide 14: 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 – but rather significantly de-risking the project in advance of the anticipated market improvement. Jaguar Acquired 14
Slide 15: 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 16: 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 17: Jaguar – Project Implementation Schedule
Jaguar – Project Implementation Schedule Permitting well advanced, funding now key to FID by end Q3 2026 17
Slide 18: Key Investment Takeaways
Key Investment Takeaways ► Tier-1 scale nickel asset at Jaguar ► Strong cashflow once in production ► All key environmental permits & licences in place ► First offtake agreement secured with Glencore ► Debt & equity project funding set to unlock huge value ► Non-binding indicative offers of debt fin
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 Darren Gordon Managing Director : +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals 19
Slide 20: Jaguar Nickel Sulphide Project
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: Data and references for comparison of nickel sulphide deposits
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 %