Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Shareholder Meeting (May 2025)
37 slides from Centaurus Metals's shareholder meeting presentation, May 26, 2025
Slide 1: Chair's Address & Managing Director's Presentation to AGM
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 26 May 2025 Chair’s Address & Managing Director’s Presentation to AGM Centaurus Metals Limited (ASX: CTM, OTCQX: CTTZF) attaches the Chair’s address and the Managing Director’s Presentation to today’s Annual General Meeting. -ENDS- For further enquiries pl
Slide 2: Chair's Address
Annual General Meeting 26 May 2025 Chair’s Address I am pleased to report that, despite the continued headwinds of a challenging nickel market and an increasingly turbulent geopolitical landscape, the past year has been a period of important progress for Centaurus Metals, with the Company continuing
Slide 3: Chair's Address
Annual General Meeting 26 May 2025 Chair’s Address With all key approvals for the Project now in place, FID can occur once a suitable funding package for the Project has been secured, with the team working to a target date of Q1 2026. In parallel with these work programs at Jaguar, Centaurus has als
Slide 4: Discovering & delivering a new generation of critical minerals projects in Brazil
Discovering & delivering a new generation of critical minerals projects in Brazil AGM PRESENTATION 26 MAY 2025
Slide 5: 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 6: Jaguar: A New Nickel Sulphide Powerhouse
Jaguar: A New Nickel Sulphide Powerhouse Strategic Partnering to drive push to Final Investment Decision in Q1 2026 Ready to go Key Environmental Licences issued Mining Lease due Q2 2025 Scale Average Ni production first 7 years of 22,600tpa Ore Reserve: 52Mt at 0.78% Ni – 406,100t Ni Low co
Slide 7: Corporate Snapshot
Corporate Snapshot 497m (ASX:CTM) Shares on issue A$189m Market cap at A$0.38 Highly Experienced Board 68.7% Experienced leadership team, clean corporate structure Top-20 holders and strong balance sheet with a clear pathway to value growth as project development advances. 8.7m A$13m Cash (31/03/25)
Slide 8: Jaguar – Nickel Price v FS AISC
Jaguar – Nickel Price v FS AISC LME Nickel Price - Last 20 Years US$/lb 30.00 25.00 20.00 15.00 10.00 5.00 - May-05 May-06 May-07 May-08 May-09 May-10 May-11 May-12 May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20 May-21 May-22 May-23 May-24 May-25 LME Nickel AISC: US$4.43/lb payable Source:
Slide 9: Brazil – Highly Favourable Mining Jurisdiction
Brazil – Highly Favourable Mining Jurisdiction A highly competitive global mining destination STRATEGIC MINERALS POLICY ENVIRONMENTAL ROAD MAP TO MINING Recently created to assist in Approval process clearly Well-established mining the approval process for defined with Jaguar EIA regulation and tene
Slide 10: 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 7
Slide 11: Brazil's Carajás Mineral Province
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 12: Jaguar Value Engineering Study – Key Outcomes
Jaguar Value Engineering Study – Key Outcomes Strong economics, low costs and clear development pathway JORC Mineral Resource 138.2Mt @ 0.87% Ni for 1,204,400 tonnes Ni metal JORC Ore Reserve 52.0Mt @ 0.78% Ni for 406,100t tonnes Ni metal Free Cash Flows US$1.62 billion (A$2.53 billion) undiscounted
Slide 13: Jaguar Value Engineering Study – Key Outcomes
Jaguar Value Engineering Study – Key Outcomes Changes from Feasibility Study ► New JORC Ore Reserve estimate Overall more robust and economic project at Jaguar from value engineering work ► New mine plan - lower strip ratio ► Optimised preproduction waste mining for IWL – lower capex ► Optimised pro
Slide 14: Project Positioning
Project Positioning The JVEP continues to demonstrate that Jaguar is a globally unique nickel development opportunity, highlighted by: ► First quartile AISC for global nickel projects and which is cost competitive against Indonesian nickel producers. ► Ranks in the first quartile for capital intensi
Slide 15: 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$3.55/lb (Contained Basis) = US$4.43 Payable Basis ~US$0.04/kWh via 230kV Brazilian national grid powered by renewables Conventional open-cut mining and processing
Slide 16: Jaguar – Low Operating Costs to Drive Strong Margins
Jaguar – Low Operating Costs to Drive Strong Margins Open pit mining supported by low-cost, low-emission power US$/lb of Nickel in US$/t of ore Cost Concentrate milled Produced FS JVEP FS JVEP Mining $18.13 $18.17 $1.55 $1.51 Processing $6.90 $11.96 $0.59 $1.00 G&A $1.91 $1.98 $0.16 $0.16 TOTAL C1 C
Slide 17: 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$380 million Capital Intensity Curve (US$ Pre-Production Capital/tpa Ni payable, 2024 real) Conventional Ni-float plant to be built in established mining juris
Slide 18: Jaguar – Long Life with Low Capital Intensity
Jaguar – Long Life with Low Capital Intensity Conventional nickel flotation plant Capital payback of 1.8 years from first nickel concentrate production Total Total Description USD$M USD$M FS JVEP Pre-Strip Mining (incl waste for IWL Construction) 67.8 44.5 Process Plant 101.0 127.3 Tailings and Wate
Slide 19: 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 The highest-grade undeveloped nickel sulphide deposit globally with +1Mt of contained nickel metal and completely unencumbered off-
Slide 20: 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 Life-of-mine CO2 footprint forecast to be lower than 90% of global nickel production GHG Intensity Curve – Nickel (E1 GHG Metrics®) Scope 1 1.62t Scope 2 0.00t Jaguar Nickel Sulphide Projec
Slide 21: Jaguar – Exceptional Financial Returns
Jaguar – Exceptional Financial Returns Strong forecast free cash generation for long life operation EBITDA of US$2.45 billion (A$3.82 billion) Average annual free operating cash flow of US$169 million (A$264 million) over first seven years of operations Spot price (US$15.5k/t) economics Post Tax NPV
Slide 22: Jaguar Project - Approvals & Stakeholder Engagement
Jaguar Project - Approvals & Stakeholder Engagement Environmental Approvals On-Track ● Preliminary Licence (LP) ISSUED ● Installation Licence (LI) ISSUED ● Mining Lease Application (PAE) APPROVED ● Preliminary (LP) and Installation Licences (LI) for 230kV power line APPROVED ● Issue of Mining Lease
Slide 23: Jaguar – High Grade Nickel Concentrate Product
Jaguar – High Grade Nickel Concentrate Product Improved Product Marketability Exceptional quality concentrate enhances already strong project economics, reducing LOM freight and delivers improved product marketability Average LOM Nickel Concentrate Specification from Jaguar Value Engineering Process
Slide 24: 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 Strategic Partnering & Equity Debt • Strategic Partnering Process advancing well supported by the Company’s • Debt funding discussions to continue
Slide 25: Jaguar – Underground Opportunity
Jaguar – Underground Opportunity Conceptual Mining Study Underway Resources of 21.5Mt at 1.46% Ni for 313kt of contained nickel metal sits below the current FS pit designs – strong underground opportunity ► Underground Resource demonstrates potential for significant mine life extension beyond the op
Slide 26: Jaguar – Underground Opportunity
Jaguar – Underground Opportunity Conceptual Mining Study Underway ► Assessing target mining rates. ► Prepared initial production schedules ► Review of the MRE for underground mine planning ► Geotechnical analysis of data and confirmation of mine design parameters ► Review of mine access options cons
Slide 27: Jaguar: Key Takeaways
Jaguar: Key Takeaways Ready to go Scale with further upside Low costs Strong returns One of the world’s premier new near-surface nickel sulphide projects, with class-leading GHG emission Class-leading ESG credentials credentials and first quartile operating costs 24
Slide 28: Boi Novo Copper-Gold Project
Boi Novo Copper-Gold Project Emerging IOCG discovery in the Carajás 25
Slide 29: 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 26
Slide 30: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration The Carajás is the world’s premier IOCG address ► Maiden drill program of 4,550m completed in late 2024 ► Near-surface high-grade breccia zone at Nelore Prospect in second last hole of the 2024 program returned 5.5m at 8.38% Cu ► Follow up drilling is ongoi
Slide 31: Jambreiro Iron Ore Project Permit Renewal
Jambreiro Iron Ore Project Permit Renewal Underway for DR Pellet Feed Product 28
Slide 32: Jambriero – Well Located for Domestic & Global Markets
Jambriero – Well Located for Domestic & Global Markets ► 110km from Ipatinga steel-making region ► JORC Resource of 127.2Mt ► Initial Ore Reserve of 43.3Mt ► Over 19,000m of diamond and RC drilling to support JORC Resource and Reserve ► Over US$25 million spent on exploration, feasibility and engine
Slide 33: Jambreiro – JORC Ore Reserves & DRPF Product Quality
Jambreiro – JORC Ore Reserves & DRPF Product Quality Ore Reserve Million Project Fe (%) SiO2 (%) Al2O3 (%) P (%) LOI (%) Classification Tonnes Proved 30.6 29.4 49.8 4.2 0.04 1.6 Jambreiro* Probable 12.7 28.4 49.5 4.7 0.04 2.2 TOTAL 43.3 29.1 49.7 4.4 0.04 1.8 JORC Ore Reserve produces 18Mt of High G
Slide 34: Key Investment Takeaways
Key Investment Takeaways Long-term Brazil focus Diversified asset base Jaguar closing in on development decision Aim to build a pipeline of critical mineral projects Experienced team Well-funded to execute our growth strategy 31
Slide 35: Discovering & delivering a new generation of critical minerals projects in Brazil
Discovering & delivering a new generation of critical minerals projects in Brazil Darren Gordon Managing Director : +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 36: Jaguar Nickel Sulphide Project
Jaguar Nickel Sulphide Project August 2024 MRE & May 2025 Ore Reserve Estimates 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 112.6 0.87 0.06 266 978
Slide 37: Global nickel sulphide deposits comparison data and references
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 %