Centaurus Metals Limited · ASX:CTM
Centaurus Metals — RRS Gold Coast Investor Conference 2019
23 slides from Centaurus Metals's conference presentation, Jun 4, 2019
Slide 1: Riding a new wave of opportunity in Brazilian iron ore
For personal use only Riding a new wave of opportunity in Brazilian iron ore ASX : CTM Unlocking the potential of large‐scale nickel‐cobalt and copper‐gold projects RRS Gold Coast Investor Conference – 4‐5 June 2019 Darren Gordon, Managing Director
Slide 2: Disclaimer
Disclaimer For personal use only 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 presentat
Slide 3: Delivering Value from a Diversified Asset Base in Brazil
Delivering Value from a Diversified Asset Base in Brazil For personal use only Development‐ready iron ore project at Jambreiro Capital Structure – Post AGM Resolutions ideally positioned to take advantage of changing market dynamics, with new PFS work underway Shares on Issue 2,708m Listed Options (
Slide 4: Brazil – A Mining-Friendly Destination
Brazil – A Mining‐Friendly Destination For personal use only Latin America’s largest economy Growing population (currently ~208 million) Low interest rates (by historical standards), low inflation and rising economic growth Pro‐mining President encouraging foreign investment in mining and infrastruc
Slide 5: Iron Ore – The Surprise Commodity Story of 2019
Iron Ore – The Surprise Commodity Story of 2019 For personal use only Iron ore price has risen ~50% since start of the year Indications are that supply out of Brazil will continue to be impacted for some time to come Changing market dynamics in the Brazilian domestic steel industry New and more flex
Slide 6: Iron Ore – New Opportunities Emerging at Jambreiro
Iron Ore – New Opportunities Emerging at Jambreiro For personal use only Mining Leases granted Licensed for 3Mtpa of product Extensive project design and engineering in place Well located relative to Brazilian steel industry Original 1Mtpa Study in 2013 showed strong economics PFS Underway in light
Slide 7: Jambreiro – Well Located for Domestic and Global Markets
Jambreiro – Well Located for Domestic and Global Markets For personal use only • 110km from Ipatinga steel‐making region • JORC Resource of 350km 127.2Mt • Over 19,000 metres of 110km diamond and RC drilling to support JORC resource and reserve 140km • Over US$25 million spent on exploration, feasib
Slide 8: Iron Ore – High Quality JORC Resource Inventory
Iron Ore – High Quality JORC Resource Inventory For personal use only Project JORC Category Million Tonnes Fe (%) SiO2 (%) Al2O3 (%) P (%) LOI (%) Measured 44.3 29.2 50.5 3.9 0.04 1.6 Indicated 37.7 27.5 51.1 3.7 0.04 1.7 Jambreiro* (1) Measured + Indicated 82.1 28.4 50.8 3.8 0.04 1.3 Inferred 45.1
Slide 9: Jambreiro – JORC Ore Reserve & Product Quality
Jambreiro – JORC Ore Reserve & Product Quality For personal use only • New Ore Reserve currently being prepared to upgrade to JORC 2012 standard based on new open pit optimisation and detailed mine plan • Conservative assumptions used for 2013 Reserve – no material change to Ore Reserve expected • N
Slide 10: Jambreiro – New 2019 Process Flowsheet
Jambreiro – New 2019 Process Flowsheet For personal use only Integrated Beneficiation Circuit to accommodate a long‐life mining business in Brazil. New PFS incorporates proposed dry‐stacking of tailings – no tailings dam now in project design. 10
Slide 11: Jambreiro – Permitting
Jambreiro – Permitting For personal use only Environmental Approvals (3.0Mtpa project) Environmental Impact Assessment (EIA/RIMA) – Approved Key Environmental Approvals in place LP – Issued LI – Issued with amendment for reduced footprint to be sought LO – On Completion of Construction Strong commun
Slide 12: Jambreiro – Extensive Engineering Completed
Jambreiro – Extensive Engineering Completed For personal use only Extensive basic engineering completed for 1Mtpa operation Modularised plant designed and costed with CDE Global in 2013 with re‐pricing exercise now underway All tailings to be dry‐stacked with tailings dam now removed from the projec
Slide 13: Jambreiro – 2013 Project Economics
Jambreiro – 2013 Project Economics For personal use only Key Financial Outcomes – 2013 Feasibility Study Total A$ Total R$ Production Rate 1Mtpa 1Mtpa Mine Life 18 years 18 years Total Revenue A$750 million R$1,505 million EBITDA A$350 million R$699 million Capital Costs A$53 million R$109 million A
Slide 14: Jambreiro – 2013 Capital and Operating Costs for 1Mtpa Operation
Jambreiro – 2013 Capital and Operating Costs for 1Mtpa Operation For personal use only A$ million Capital Cost Breakdown* At 2013 FX Rates Direct Costs Processing Plant & Equipment 32.1 Site Infrastructure/Civils/Pre Strip 6.5 Water Supply & Tailings Mgt 4.4 Detailed Engineering/Project Management 5
Slide 15: Jambreiro – Project and Mine Life Upside
Jambreiro – Project and Mine Life Upside For personal use only Potential to significantly extend the mine PRODUCT QUALITY Fe% SiO2% Al2O3% P% Mass Recovery % life based on 1Mtpa operation COMPACT MINERALISATION – BENCH SCALE (Wet Magnetic Separation) Compact Ore Head Grade 25.0 55.9 2.2 0.07 Compris
Slide 16: The Carajás Mineral Province – Land of the Giants
The Carajás Mineral Province – Land of the Giants For personal use only 10 IOCG deposits with resources of +100Mt Cu‐Au, including six >300Mt for +4.0Bt of Cu‐Au resources Includes Vale’s giant Salobo Mine: ‒ Reserves of 1.15Bt @ 0.61% Cu, 0.3g/t Au Produced ~193kt Cu and ~361koz Au in 2018 Also hos
Slide 17: Salobo West – Key Prospects
Salobo West – Key Prospects For personal use only Two tenements – SW1 and SW2 (120km2 of tenure): Tenements hosts at least five quality Cu‐Au Prospects – SW1‐A, SW1‐B, Serendipidade, Dom & Gov Prospects. Expansive high‐quality exploration dataset: – Stream sediment and soils geochem database (more t
Slide 18: Salobo West Copper-Gold Project
Salobo West Copper‐Gold Project For personal use only THE ROAD TO DISCOVERY Target generation work undertaken with industry leading independent consultants Clearing permit for drill camp facilities, access roads and initial 35‐drill hole platforms lodged in Q4 2018 Clearing and drilling licence gran
Slide 19: Itapitanga Nickel-Cobalt Project – Alligator by the Tail?
Itapitanga Nickel‐Cobalt Project – Alligator by the Tail? For personal use only The Itapitanga Ni‐Co Project is located at the southern extent of Anglo American’s world‐class Jacaré Nickel‐Cobalt Project Resources: 307Mt at 1.3% Ni and 0.13% Co, including a high‐grade cobalt resource of 185Mt at 1.2
Slide 20: Fast-Track Development Pathway – Simulus JV
Fast‐Track Development Pathway – Simulus JV For personal use only The Simulus Group – Australia’s premier hydrometallurgy and mineral processing service group and ideal JV partner for Centaurus to fast‐track development of the Itapitanga Project Simulus has the right to earn up to 80%, in stages, by
Slide 21: Moving Rapidly to Development
Moving Rapidly to Development For personal use only ON THE DEVELOPMENT FAST‐TRACK – FUNDED BY SIMULUS Q1 Q2 Q3 Q4 2020 Maiden JORC Resource JORC Resource update Pilot plant and testwork as Detailed engineering design Resource infill and extension required 40t Bulk Sample Mine Schedule update Final C
Slide 22: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways For personal use only Outstanding package of iron ore, nickel‐cobalt and copper‐ gold development and exploration projects Development‐ready Jambreiro Project ideally positioned to capitalize on the rapidly changing iron ore market dynamics – New PFS underway Wor
Slide 23: Riding a new wave of opportunity in Brazilian iron ore
For personal use only Riding a new wave of opportunity in Brazilian iron ore ASX : CTM Unlocking the potential of large‐scale nickel‐cobalt and copper‐gold projects RRS Gold Coast Investor Conference – 4‐5 June 2019 Darren Gordon, Managing Director
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