Slide 1: Discovering & delivering a new generation of critical minerals projects in Brazil
Discovering & delivering a new generation of critical minerals projects in Brazil
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 Snapshot
Investment Snapshot ► Strong track record in Brazil spanning +15 years ► Experienced and respected in-country team ► Key asset – Jaguar Nickel Project – world-class Resource of 138.2Mt @ 0.87% Ni for 1.2Mt contained nickel ► Jaguar closing-in on FID: Initial 15-year nickel open pit mine producing av
Slide 4: Corporate Snapshot
Corporate Snapshot (ASX:CTM / OTCQX:CTTZF) 497m A$179m Shares on issue Highly Experienced Board Market cap at A$0.36 (~US$120m) An experienced leadership team, clean corporate structure and strong balance sheet with a clear pathway 68.7% Top-20 holders A$13m to value growth as project development ad
Slide 5: Brazil – Highly Favourable Mining Jurisdiction
Brazil – Highly Favourable Mining Jurisdiction A highly competitive global mining destination STRATEGIC MINERALS POLICY ENVIRONMENTAL ROAD MAP TO MINING Approval process clearly Strong support from Well-established mining defined with Jaguar EIA government for critical regulation and tenement Approv
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: 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 8: 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 9: Project Positioning
Project Positioning 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 – AISC of US$4.43/lb. ► Ranks in the first quartile for capital intensity of any large sc
Slide 10: 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$0.04/kWh via 230kV Brazilian national grid powered by renewables Conventional open-cut mining and processing
Slide 11: Jaguar – Nickel Price v FS AISC
Jaguar – Nickel Price v FS AISC LME Nickel Price - Last 20 Years US$/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$4.43/lb payable Source:
Slide 12: Jaguar – Low Operating Costs to Drive Strong Margins
Jaguar – Low Operating Costs to Drive Strong Margins Open pit mining supported by low-cost, low-emission power US$/lb of Ni in Cost US$/t of ore milled Concentrate Produced (Payable Basis) Value Engineered Feasibility Study Mining $18.17 $1.89 Processing $11.96 $1.25 G&A $1.98 $0.20 TOTAL C1 CASH CO
Slide 13: Jaguar – A World Class Nickel Deposit
Jaguar – A World Class Nickel Deposit Tier-1 Resource with further exceptional growth potential JORC MRE: 138.2Mt @ 0.87% Ni for 1.20 million tonnes of contained nickel One of the very few undeveloped nickel sulphide deposit globally with +1Mt of contained nickel metal and completely unencumbered of
Slide 14: Jaguar – Long Life with Low Capital Intensity
Jaguar – Long Life with Low Capital Intensity Conventional nickel flotation plant Capital payback of 1.8 years from first nickel concentrate production Description Total USD$M Value Engineered Feasibility Study Pre-Strip Mining (incl waste for IWL Construction) 44.5 Process Plant 127.3 Tailings and
Slide 15: 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 16: 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 17: Jaguar – High Grade Nickel Concentrate Product
Jaguar – High Grade Nickel Concentrate Product Exceptional quality concentrate enhances already strong project economics, reducing LOM freight and delivers improved product marketability Average LOM Nickel Concentrate Specification Ni (%) S (%) Cu (%) Co (%) Zn (%) Fe (%) MgO (%) Fe/MgO F (ppm) 30.1
Slide 18: 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 19: 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 20: Jaguar – Underground Opportunity
Jaguar – Underground Opportunity 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 open pit operations and allow intro
Slide 21: 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 21
Slide 22: Boi Novo Copper-Gold Project
Boi Novo Copper-Gold Project Emerging Copper and Iron Ore discovery in the Carajás 22
Slide 23: 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 23
Slide 24: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration The Carajás is the world’s premier IOCG address ► Drilling at Boi Novo continues to intersect chalcopyrite-rich semi-massive sulphide zones, returning quality intersections including 36.7m at 1.58% Cu including 9.2m at 2.73% Cu (BON-DD-24-028) and 5.5m at 8
Slide 25: Jambreiro Iron Ore Project Permit Renewal
Jambreiro Iron Ore Project Permit Renewal Underway for DR Pellet Feed Product 25
Slide 26: Jambreiro – Well Located for Domestic & Global Markets
Jambreiro – Well Located for Domestic & Global Markets ► 110km from Ipatinga steel-making region ► JORC Resource of 127.2Mt ► Initial Ore Reserve of 48.5Mt ► 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 27: 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 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 JORC Ore Reserve produces 18Mt of High G
Slide 28: 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 28
Slide 29: Discovering & delivering a new generation of critical minerals projects in Brazil
Discovering & delivering a new generation of critical minerals projects in Brazil Bruno Scarpelli Executive Director and Brazil Country Manager : +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 30: 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 31: Data and references for comparison 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 %