Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Shareholder Meeting (May 2024)
28 slides from Centaurus Metals's shareholder meeting presentation, May 28, 2024
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 2024 AGM PRESENTATION – 28 MAY 2024
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: Key Investment Focus
Centaurus Metals Key Investment Focus ● Focus on strategic minerals in Brazil ● Jaguar Nickel Sulphide Project ● Extremely low carbon footprint ● Favourable infrastructure-rich location ● Tier-1 JORC Resource, long-life project ● Anticipated strong returns and cash flow generation ● Horizon II Busin
Slide 4: Corporate Summary
Corporate Summary 496m A$248m Centaurus is developing one of the world’s premier new near-surface nickel sulphide projects, with class-leading GHG emission credentials. Shares on issue Market cap at A$0.50 66.3% A$29m Highly Experienced Board Top-20 holders Cash (31/3/24) 5.2m Broker Coverage Unlist
Slide 5: Jaguar is Key Project Focus
Centaurus Metals World-class Resource with significant growth Jaguar is Key Project Focus potential Developing a globally significant nickel Extremely low carbon sulphide asset footprint Favourable Targeting production of infrastructure-rich +20ktpa of nickel over location in Brazil’s +15 year mine
Slide 6: 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 7: GHG Emissions – Forecast to be a Class-leader
GHG Emissions – Forecast to be a Class-leader Powered by renewables & high-grade nickel sulphides GHG Intensity Curve – Nickel (E1 GHG Emission Metrics®) Scope 1 1.55t Scope 2 0.00t Jaguar Nickel Sulphide Project Mine 1.55t Freight 1.62t 7.27t of CO2/t of NiEq Downstream 4.10t TOTAL 7.27t Jaguar is
Slide 8: Brazil: Responsible Mining in an emission-friendly jurisdiction
Brazil Responsible Mining in an emission-friendly jurisdiction STRATEGIC MINERALS POLICY ENVIRONMENTAL ROAD MAP TO MINING Recently-created to assist in Approval Process clearly defined Well-Established Mining Regulation approval process for strategic with Jaguar EIA Approved and and Tenement System
Slide 9: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province 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 within 40km of 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) – mining com
Slide 11: Jaguar Project – World-Class Resource
Jaguar Project – World-Class Resource Large-Tonnage, High-Quality JORC MRE: 109.2Mt @ 0.87% Ni for 948,900 tonnes of contained nickel ● Measured & Indicated 86.6Mt @ 0.85% Ni for 737,800t Ni metal - 83% of Global MRE ● +500kt of M&I Ni metal within 200m of surface ● Over 50km of diamond drilling com
Slide 12: Jaguar Project – World-Class Resource
Jaguar Project – World-Class Resource High-grade nickel sulphides from top to bottom 1000m 800m Jaguar South Onça Preta 20.4m @ 3.94 % Ni 12
Slide 13: Jaguar Project – World-Class Resource
Jaguar Project – World-Class Resource A unique deposit with sustainable growth One of the world's largest high-grade nickel sulphide orebodies ● 165,000t of Ni metal added to the MRE per year over the last three years ● Over 50,000m of successful drilling in 2023 that is not yet included in MRE ● Ta
Slide 14: Jaguar Project – Feasibility Study
Jaguar Project – Feasibility Study Feasibility Study Nearing Completion Anticipated low operating cost project Mining ● Jaguar pits coalescing into one – strike extent of +3km, up to 1km width and depths that extend to over 300m ● Mining contractor proposals received with costings used for pit optim
Slide 15: Jaguar Project – Processing Circuit
Jaguar Project – Processing Circuit A traditional flotation plant 15
Slide 16: 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 power line APPROVED ● Issue of Mining Lease only conditional on the issue of th
Slide 17: Jaguar Project Targeted Development Timeline
Jaguar Project Targeted Development Timeline 2027 – First Production 2025/2026 – Construction Phase H1/2025 – Final Investment Decision - FID Q2/2024 – Definitive Feasibility Study Q1/2024 – Preliminary Licence (LP) Issued Q1/2024 – Mining Lease Application Approved Q2/2023 – 100% Offtake Rights Sec
Slide 18: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration The Carajás is the world’s premier IOCG address With Jaguar moving into pre-development, our exploration team has shifted focus to building a pipeline of organic and inorganic growth opportunities in strategic minerals in Brazil ● 35km from Vale’s copper-go
Slide 19: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration Maiden 3,000m greenfields drill program underway Zebu Prospect Nelore Prospect Priority 1 targets at the Zebu and Nelore Prospects where IP Chargeability anomalies are proximal or coincident with magnetic anomalies and copper-in-soils geochemistry anomalies
Slide 20: Jambreiro Project – Well Located
Jambreiro Project – Well Located JORC Resource of 127.2Mt. Initial Ore Reserve of 48.5Mt 350km Over 19,000 metres of diamond and RC 110km drilling Over US$25 million spent on exploration, 140km feasibility and engineering work Extensive data set (including drill core) available Offtakers h
Slide 21: Jambreiro Project – High Quality JORC Resource Inventory
Jambreiro Project – High Quality JORC Resource Inventory 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 27.3 52.7 3.3
Slide 22: Jambreiro Project - JORC Ore Reserves & DR Product Quality
Jambreiro Project - JORC Ore Reserves & DR Product Quality Project Ore Reserve Classification Million Tonnes Fe (%) SiO2 (%) Al2O3 (%) P (%) LOI (%) Proved 35.4 28.5 49.6 4.3 0.04 1.7 Jambreiro* Probable 13.1 27.2 49.0 5.3 0.04 2.4 TOTAL 48.5 28.1 49.4 4.6 0.04 1.9 Average product specification achi
Slide 23: Jambreiro Project – New Proposed Process Flowsheet
Jambreiro Project – New Proposed Process Flowsheet Revised Flowsheet Incorporates Dry Stacking of Tails and Ball Mill to Grind Product to PF Size Fraction 23
Slide 24: Jambreiro Project – Permitting
Jambreiro Project – Permitting Environmental Approvals (3.0Mtpa project) Environmental Impact Assessment (EIA/RIMA) – Lodged Key Environmental Approvals in place LP – Previously Issued – New application lodged LI – Previously Issued – New application awaiting LP approval LO – On Completion
Slide 25: Key Investment Takeaways
Centaurus Metals Key Investment Takeaways ● Focus on strategic minerals in Brazil ● Jaguar Nickel Sulphide Project ● Extremely low carbon footprint ● Favourable infrastructure-rich location ● Tier-1 JORC Resource, long-life project ● Anticipated strong returns and cash flow generation ● Horizon II B
Slide 26: 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 +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 27: November 2022 JORC MRE – Jaguar Nickel Project
Centaurus November 2022 JORC MRE – Jaguar Nickel Project Grade Contained Metal Deposit Classification Mt Ni % Cu % Co ppm Zn % Ni Cu Co Zn Indicated 28.5 0.87 0.05 199 0.13 247,800 13,500 5,700 37,400 Jaguar South Inferred 7.3 1.08 0.06 258 0.09 79,100 4,800 1,900 6,500 Total 35.8 0.91 0.05 211 0.12
Slide 28: Data and references for comparison of pre-mined resources 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