Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Australian Nickel Conference 2021
24 slides from Centaurus Metals's conference presentation, Oct 5, 2021
Slide 1: Jaguar: Accelerating towards the world's next "green" nickel project
For personal use only Jaguar: Accelerating towards the world’s next “green” nickel project A long-life nickel sulphide project in Brazil’s Carajás, ready to plug-in to the lithium-ion battery boom Australian Nickel Conference │ October 2021 Darren Gordon, Managing Director 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: Centaurus Metals: Our vision
Centaurus Metals Our vision For personal use only Underpinned by a high-quality asset at Jaguar, we are well placed to deliver on our target to be a clean and efficient 20,000-plus tonne per annum nickel producer by the end of 2024 to assist in the global transition to electrification and to meet an
Slide 4: A New Era of Nickel Sulphide Demand
A New Era of Nickel Sulphide Demand The looming clean energy revolution For personal use only WHERE IS THE NEW SUPPLY COMING FROM? EVs and the path to decarbonisation require Class-1 nickel Class-1 nickel will preferentially be sourced from sulphide deposits – low capital intensity, easy processing,
Slide 5: A compelling nickel investment for a clean energy future
Centaurus Metals A compelling nickel investment for a clean energy future For personal use only +20,000 tonnes per annum of battery grade nickel in sulphate over initial 13-year LOM Post Tax NPV8 The team to deliver: Low Carbon Footprint JORC Mineral Resource Extensive Brazil & 58.9Mt @ 0.96% Ni A$1
Slide 6: Brazil: A mining-friendly and emission-friendly jurisdiction
Brazil A mining-friendly and emission-friendly jurisdiction For personal use only Strong tenement control system, established Mining Code Government revenue generated from royalties – with predefined split between the municipal, state and federal authorities Carajás Mining District – one of th
Slide 7: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province For personal use only Jaguar Nickel Sulphide Project 58.9Mt at 0.96% Ni Inc. 20.0Mt at 1.56% Ni The Carajás contains one of the world’s largest known concentrations of large-tonnage world-class mineral deposits 7
Slide 8: Outstanding infrastructure and logistics
Brazil’s Carajás Mineral Province Outstanding infrastructure and logistics For personal use only ● High-Voltage (138kV) grid power 40km line from Tucumã to site ● Brazil’s national power grid runs on +80% renewables ● Low cost, clean power – less than US$0.10/kWh ● Project located 40km north of Tucu
Slide 9: GHG Emissions – Forecast to be a Class-leader
GHG Emissions – Forecast to be a Class-leader Powered by renewables & high-grade nickel sulphides For personal use only GHG Intensity Curve – Nickel (E1 GHG Emission Metrics®) Jaguar Nickel Sulphate Project 4.69t of CO2/t of NiEq Life-of-mine CO2 footprint forecast to be lower than 97% of global nic
Slide 10: Large-tonnage high quality Resource
Jaguar Project – Large-tonnage high quality Resource Low-cost open pit & underground operations For personal use only JORC Mineral Resource Estimate: 58.9Mt @ 0.96% Ni for 562,600 tonnes of contained nickel metal ● JORC MRE based on +74,000m of diamond drilling ● 80% of MRE is within 200m of surface
Slide 11: Non-processing Infrastructure: Nickel sulphate plant to treat 2.7Mtpa
Jaguar Project – Non-processing Infrastructure Nickel sulphate plant to treat 2.7Mtpa For personal use only Targeting world’s best-practice tailings & emissions management Processing Plant Capacity – 2.7Mtpa Development Capital – US$288 million Low capital intensity – US$14,500/t Annual Ni Pro
Slide 12: Proceeding Straight to DFS
Jaguar Project – Proceeding Straight to DFS Robust project with plenty of project development & Ni price upside For personal use only kt Project Development Opportunities Nickel in Sulphate 25 22.7 21.7 22.3 21.5 21.2 21.2 21.2 20.0 19.7 Post Tax NPV8 Refine local based 20 18.7 18.4 18.7 A$1.11 bill
Slide 13: Approvals & Stakeholder Engagement
Jaguar Project – Approvals & Stakeholder Engagement Building relationships now and for the future For personal use only Environmental Approvals On-Track ● Majority of the project footprint already disturbed (pasture land) ● Lodgement of EIA/RIMA completed – August 2021 Land Access ● Secured possessi
Slide 14: Resource Growth and Upside: 65km of drilling for 2021
Jaguar Project – Resource Growth and Upside 65km of development & growth drilling for 2021 For personal use only Onça Deposits Resource Development & Growth 20km of in-fill and extensional drilling 15km of step-out drilling 5km of geotechnical & metallurgical drilling Jaguar Deposits +3.0km Greenfie
Slide 15: Resource Growth and Upside: Deep plumbing systems in the Carajás
Jaguar Project – Resource Growth and Upside There are very deep plumbing systems in the Carajás For personal use only World-class Carajás IOCG deposits are associated with regional-scale mineralizing structures. Salobo (Cu-Au), mineralisation to depths of +1,500m and remains open at depth! • Jaguar
Slide 16: Jaguar South – open at depth below current UG stope limits
Jaguar Project – Resource Growth and Upside Jaguar South – open at depth below current UG stope limits 300m use only For personal 300m Untested Untested JAG-DD-20-151 – 17.6m at 4.86% Ni from 208m, UG stopes are limited by within 56.1m @ 2.05% Ni current base of drilling 16
Slide 17: Jaguar South – New EM Plates below deepest drilling
Jaguar Project – Resource Growth and Upside Jaguar South – New EM Plates below deepest drilling For personal use only • EM Conductor plates are powerful targeting tool for semi-massive and massive sulphides at Jaguar and the Carajás region generally • Late-time (Ch20+) conductor plates now extend 27
Slide 18: Jaguar Central & Onça Preta – deep plumbing, open and untested
Jaguar Project – Resource Growth and Upside Jaguar Central & Onça Preta – deep plumbing, open and untested use only JAG-DD-20-104 – 195.3m to 207.4m down-hole 12.1m at 5.38% Ni, within 30.8m @ 3.30% Ni 250m 300m For personal Untested Untested DHEM to drive more deep massive sulphide discoveries 18
Slide 19: The Tigre Prospect – the next cat off the rank?
Jaguar Project – Resource Growth and Upside The Tigre Prospect – the next cat off the rank? Exploration Pipeline For personal use only Tigre Leão Dente de Sabre Twister Roquefera Puma Contact Fliperama Jaguar Central Sul ● Maiden greenfields RC drilling at Tigre intersected significant percentages o
Slide 20: Targeted Development Timeline
Jaguar Project Targeted Development Timeline For personal use only Q3/2023 – Formal Decision to Mine Q4/2022 – Definitive Feasibility Study Q4/2021 & Q2/2022 – MRE Resource Upgrades Q3/2021 – Lodge Key Environmental Licence Q1/2021– MRE Upgrade & Scoping Study Results 20
Slide 21: Corporate Summary
Corporate Summary Capital Structure October 2021 For personal use only Shares on Issue 358.2m Unlisted Options 12.0m Top 20 Holders 62.5% Market Capitalisation ($0.97) A$347m Cash – 30 June 2021 A$20.4m Other Significant Assets Jambreiro Iron Ore Project Substantial Shareholders Sprott Inc. 9.6% McC
Slide 22: Key investment takeaways
Centaurus Key investment takeaways For personal use only ● Nickel focus – sustainable nickel sulphide asset leveraged to strong long-term Class-1 nickel market outlook ● Extremely low carbon footprint – estimated to be lower than 97% of global nickel production ● Favourable infrastructure-rich proje
Slide 23: Contact us
For personal use only Jaguar: Accelerating towards the world’s next “green” nickel project Australian Nickel Conference │ October 2021 Darren Gordon, Managing Director Contact us office@centaurus.com.au.au (+61) 8 6424 8420 Follow our communications: : Centaurus Metals : @CentaurusMetals 23
Slide 24: March 2021 JORC MRE & May 2021 Production Target
Centaurus March 2021 JORC MRE & May 2021 Production Target For personal use only Resource Tonnes Grade Contained Metal kt Material Resource Ore Ni Metal Deposit Mining Method Ni % Category Mt Ni % Cu % Co ppm Ni Cu Co Type Category Mt kt IND 7.4 1.19 0.06 239 87.4 4.2 1.8 Open Pit High-grade IND 12.