Slide 1: Unleashing Jaguar: Delivering a New Generation of Reliable, Low-Carbon Nickel Supply from Brazil
Unleashing Jaguar: Delivering a New Generation of Reliable, Low- Carbon Nickel Supply from Brazil Darren Gordon, Managing Director & CEO
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: Centaurus Metals Investment overview
Centaurus Metals Key Asset Jaguar Nickel Sulphide Project Investment overview World-class nickel Resource with significant growth potential First quartile capital and Targeting production of operating costs 18.7ktpa of nickel over +18 year mine life Favourable Extremely low carbon infrastructure-ric
Slide 4: Corporate Summary
Corporate Summary 496m A$223m Experienced leadership team, clean corporate structure and strong balance sheet with clear a pathway to value growth as project development advances. Shares on issue (US$150m) Market cap at A$0.45 66.3% Highly Experienced Board Top-20 holders ~A$25m Cash (30/6/24) 5.2m
Slide 5: Western Gigafactory Development Pipeline
Western Gigafactory Development Pipeline Over ~2,350GWh of capacity growth in the pipeline with ~1,950GWh Ni-based North American & European Gigafactory Pipeline (1) Gigafactory Capacity (GWh) (2) Europe North America 3,000 N O 2,500 L L N N 2,000 N N O N 1,500 N N N L N N O N N N 1,000 L N N L N N
Slide 6: The New Nickel Sulphide Powerhouse on the ASX
The New Nickel Sulphide Powerhouse on the ASX Positive Feasibility Study a key investment catalyst Ready to go FS complete, permitting well advanced 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 7: Brazil – A Tier-1 Mining Location
Brazil – A Tier-1 Mining Location Responsible mining in an emission-friendly jurisdiction STRATEGIC MINERALS POLICY ENVIRONMENTAL ROAD MAP TO MINING Recently created to assist in the Approval process clearly defined Well-established mining regulation approval process for strategic with Jaguar EIA Ap
Slide 8: A compelling nickel investment for a clean energy future
Centaurus Metals A compelling nickel investment for a clean energy future Source(s): Jaguar data from Feasibility Study; National corporate tax and royalty data sourced from www.pwc.com/gx/en/industries/energy-utilities-resources/mining-metals/mining-taxes-summary-tool.html ; National energy data so
Slide 9: 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 9
Slide 10: Brazil’s Carajás Mineral Province: Outstanding infrastructure and logistics
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 11: Jaguar Feasibility Study – Key Outcomes
Jaguar Feasibility Study – Key Outcomes Strong economics, low costs and clear development pathway JORC Mineral Resource 109.2Mt @ 0.87% Ni for 948,900 tonnes Ni metal JORC Ore Reserve 63.0Mt @ 0.73% Ni for 459,200t tonnes Ni metal Free Cash Flows US$1.74 billion (A$2.61 billion) undiscounted @US$8.9
Slide 12: Jaguar – A Globally Significant Nickel Deposit
Jaguar – A Globally Significant Nickel Deposit Large-scale Resource with further exceptional growth potential JORC MRE: 109.2Mt @ 0.87% Ni for 948,900 tonnes of contained nickel Open Pit Ore Reserve: 63.0Mt @ 0.73% Ni for 459,200t tonnes Ni metal 18,700tpa Ni for at least 18 years from open pit – up
Slide 13: 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$/t mined US$/t of ore Nickel in Cost (Ore + Waste) milled Conce
Slide 14: 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 Low AISC driven by US$0.035/kWh grid power – close to 100% renewables 14
Slide 15: Jaguar – Long Life with Low Capital Intensity
Jaguar – Long Life with Low Capital Intensity Conventional nickel flotation plant Capital payback of 2.7 years from first nickel concentrate production Total Description USD$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 16: Jaguar – Long Life with Low Capital Intensity
Jaguar – Long Life with Low Capital Intensity First quartile capital intensity amongst global undeveloped projects Pre-production Capex of US$371 million Capital Intensity Curve (US$ Pre-Production Capital/tpa Ni payable, 2024 real) Conventional Ni-float plant to be built in established mining juris
Slide 17: 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 18: Jaguar – Exceptional Financial Returns
Jaguar – Exceptional Financial Returns Strong forecast free cash generation for long life operation Undiscounted free cash flow of US$1.74 billion (A$2.6B) Average Annual Free Operating Cash Flow of US$118 million (A$178M) Spot price (US$17,000/t) economics Post Tax NPV8 - US$407M (A$611M) Post Tax
Slide 19: Project Funding Overview
Project Funding Overview Centaurus is actively advancing discussions to secure project level equity and debt funding ahead of a Final Investment Decision in Q2 2025 Strategic Partnering & Equity Debt • Preliminary engagement with potential partners in recent months has • Debt funding discussions to
Slide 20: Jaguar – Upside and Growth Opportunities
Jaguar – Upside and Growth Opportunities Improvement opportunities to be pursued ahead of FID 15.1Mt at 1.49% Ni for 224kt of contained nickel metal in the MRE sits below the current FS pit designs – underground opportunity ● Re-optimise and re-schedule the open pits for the concentrate scenario, re
Slide 21: Jaguar Project – Approvals & Stakeholder Engagement
Jaguar Project – Approvals & Stakeholder Engagement Environmental Approvals On-Track ● Preliminary Licence (LP) ISSUED ● Mining Lease Application (PAE) APPROVED ● Preliminary (LP) and Installation Licences (LI) for 230kV powerline APPROVED ● Issue of Mining Lease only conditional on the issue of the
Slide 22: 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 - FID Q3/2024 – Definitive Feasibility Study Q1/2024 – Preliminary Licence (LP) Issued Q1/2024 – Mining Lease Application Approved Q2/2023 – 100% Offtake R
Slide 23: Key investment takeaways
Centaurus Metals Key Asset Jaguar Nickel Sulphide Project Key investment takeaways World-class nickel Resource with significant growth potential Low capital – US$371M Targeting production of First quartile AISC – US$3.57/lb 18.7ktpa of nickel over +18 year mine life Favourable Extremely low carbon i
Slide 24: Unleashing Jaguar: Delivering a New Generation of Reliable, Low-Carbon Nickel Supply from Brazil
Unleashing Jaguar: Delivering a New Generation of Reliable, Low- Carbon Nickel Supply from Brazil Authorised for release by Darren Gordon – Managing Director & CEO +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 25: Jaguar Nickel Sulphide Project: MRE & Ore Reserve Estimates
Jaguar Nickel Sulphide Project November 2022 MRE & July 2024 Ore Reserve Estimates Grade Contained Metal Classification* Mt Ni % Cu % Co ppm Ni (kt) Cu (kt) Co (kt) Measured 14.0 1.06 0.07 388 149.4 9.7 5.5 Indicated 72.6 0.81 0.06 237 588.5 42.6 17.2 Measured & Indicated 86.6 0.85 0.06 262 737.8 52
Slide 26: Data and references for comparison of global nickel sulphide deposits
Centaurus Data and references for comparison of pre-mined resources of global nickel sulphide deposits and camps Pre-Mined Resource MI&I Ni Metal Camp / Deposit Country Deposit Type Resource Date Mt Ore % Ni Mt Norilsk (Talnakh Camp) Russian Federation Low-MgO NiS 31-Dec-19 2,433 1.02 24.7 Sudbury C