Centaurus Metals Limited · ASX:CTM
Centaurus Metals — OTC Markets Virtual Metals & Mining Presentation 2026
24 slides from Centaurus Metals's conference presentation, May 7, 2026
Slide 1: Delivering the World's next major nickel sulphide mine
Delivering the World’s next major nickel sulphide mine Advancing the Jaguar Project in Brazil to FID and development
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: Investment Case
Investment Case On track to be the next major ASX-listed nickel producer ► Tier-1 scale nickel sulphide project with significant upside – 1.2Mt contained Ni ► Initial 15-year open pit operation both bottom quartile costs and strong margins ► Strong ESG credentials and low-carbon footprint ► Outstand
Slide 4: Corporate Overview
Corporate Overview (ASX:CTM, OTCQX: CTTZF) Highly Experienced Board 563m An experienced leadership team, clean corporate structure Shares on issue US$235m (A$327m) Market cap at A$0.58 73% and strong balance sheet with a clear pathway to value growth as project development advances. Top-20 holders 4
Slide 5: Brazil – Highly Favourable Mining Jurisdiction
Brazil – Highly Favourable Mining Jurisdiction Active Government support for Critical Minerals STRATEGIC MINERALS FOCUS ENVIRONMENTAL ROAD MAP TO MINING Approval process clearly Well-established mining Strong support from defined with Jaguar regulation and tenement government for strategic Prelimina
Slide 6: 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 6
Slide 7: A New Global Nickel Sulphide Powerhouse
A New Global Nickel Sulphide Powerhouse Large-scale, long-life project moving to FID Ready to go Key Environmental Licences issued Mining Lease granted Tier-1 Scale Mineral Resource: 138.2Mt @ 0.87% Ni – 1.2Mt Ni Ore Reserve: 52Mt at 0.78% Ni – 406,100t Ni Average Ni production first 7 yea
Slide 8: Jaguar – Approvals & Stakeholder Engagement
Jaguar – Approvals & Stakeholder Engagement ALL KEY APPROVALS & LICENCES IN PLACE TO BUILD JAGUAR ● Mining Lease ISSUED ● Preliminary Licence (LP) ISSUED ● Installation Licence (LI) ISSUED ● LP and LI for power line APPROVED LAND ACCESS ● Mining Easement ISSUED – supports timely access to all areas
Slide 9: 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 One of the few high-grade undeveloped nickel sulphide deposits globally with +1Mt of contained nickel metal and completely unencumb
Slide 10: Jaguar - Mining Operations
Jaguar - Mining Operations Optimised 15-year open pit mine plan ► Open pit mining by Brazilian Mining Contractor ► Tailings facilities built from ex-mine waste production to reduce costs ► Minimal oxide waste strip required to access ore ► Potential significant mine life extension beyond the open pi
Slide 11: Jaguar - Production Profile
Jaguar - Production Profile Globally significant project delivering 22.6ktpa of Ni over first 7 years 3.5 Mtpa Conventional Process Plant 18,700tpa LOM Avg Annual Production 70% Avg Process Recovery 11
Slide 12: Jaguar - Process Flowsheet
Jaguar - Process Flowsheet Process plant to produce very high-grade nickel concentrate ROM CRUSHING AND RECLAIM GRINDING ► 3.5Mpta process plant design Feed Pebble Crusher Crushed Ore ► Conventional comminution circuit (single Jaw Stockpile stage jaw crusher followed by a SAG and Ball Crusher mill c
Slide 13: 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$4.43 (Payable Basis) ~US$0.04/kWh grid powered – powered by +80% by renewables Conventional open-cut mining and processing 13 Sources: Wood Mackenzie 2024 All-in-S
Slide 14: Jaguar – Nickel Price vs AISC
Jaguar – Nickel Price vs AISC LME Nickel Price Centaurus hasn’t been waiting for the US$/lb 25.0 cycle to turn - but rather significantly derisking the project in advance of the anticipated market improvement 20.0 15.0 10.0 Jaguar Acquired 5.0 Apr-06 Apr-08 Apr-10 Apr-12 Apr-14 Apr-16 Apr-18 Apr-20
Slide 15: Jaguar - Financial Metrics
Jaguar - Financial Metrics Strong free cash-flow of US$169m pa (A$264m) over first 7 years US$3.34/lb LOM C1 Cash Costs (payable basis) US$4.43/lb LOM AISC (payable basis) US$1.62b Free Cash Flows Capital Payback 1.8 years (Post Tax basis, US$9/lb Ni Price) 15
Slide 16: Jaguar – Offtake and Financing Process Gaining Momentum
Jaguar – Offtake and Financing Process Gaining Momentum Binding Offtake Agreement Secured Offtake ► Maiden nickel Offtake Agreement secured with Glencore AG ► Covers supply of 20,000tpa of high-grade nickel concentrate (~6,400 tpa of nickel in concentrate) ► Average one-third of Jaguar’s forecast pr
Slide 17: Jaguar - Project Implementation Schedule
Jaguar - Project Implementation Schedule Permitting well advanced, funding now key to FID by end H1 2026 17
Slide 18: Boi Novo Copper-Gold Project
Boi Novo Copper-Gold Project Emerging copper- gold discovery in the Carajás 18
Slide 19: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province – “land of the giants” Located 35km from Vale’s concentrate rail load-out facility and 20km from BHP’s Antas Norte Cu flotation plant 19
Slide 20: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration The Carajás is the world’s premier IOCG address ► Project footprint recently expanded with acquisition of Rio FLEM and initial surface exploration ongoing Novo tenure, immediately north of Boi Novo on new Rio Novo tenure ► Drilling at Boi Novo continues to
Slide 21: Key Investment Takeaways
Key Investment Takeaways ► Tier-1 scale nickel asset at Jaguar ► Strong cashflow once in production ► All key environmental permits & licences in place ► First offtake agreement secured with Glencore ► Debt & equity project funding set to unlock huge value ► Non-binding indicative offers of debt fin
Slide 22: Delivering the World's next major nickel sulphide mine
Delivering the World’s next major nickel sulphide mine Darren Gordon Managing Director : +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 23: Jaguar Nickel Sulphide Project
Jaguar Nickel Sulphide Project August 2024 Mineral Resource Estimate & May 2025 Ore Reserve Estimate 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 11
Slide 24: 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 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 %
Centaurus Metals — OTC Markets Virtual Metals & Mining Presentation 2026 on 6ix