Slide 1: Delivering the Western World's next major nickel sulphide mine
Delivering the Western 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 Snapshot
Investment Snapshot Project Funding set to unlock huge value at Jaguar ► Tier-1 scale 138.2Mt Mineral Resource (1.2Mt of contained nickel) and 52Mt Ore Reserve, with significant upside potential beyond the initial open pit operations ► Feasibility Study and Value Engineering completed on one of the
Slide 4: A New Global Nickel Sulphide Powerhouse
A New Global Nickel Sulphide Powerhouse Large-scale, long-life project moving to FID in H1 2026 Ready to go Key Environmental Licences issued Mining Lease due Q3 2025 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 product
Slide 5: Corporate Snapshot
Corporate Snapshot 497m (ASX:CTM, OTCQX: CTTZF) Shares on issue A$209m Market cap at A$0.42 Highly Experienced Board 68.7% An experienced leadership team, clean corporate Top-20 holders structure and strong balance sheet with a clear pathway to value growth as project development advances. 8.7m A$9m
Slide 6: Jaguar – Nickel Price v FS AISC
Jaguar – Nickel Price v FS AISC LME Nickel Price - Last 20 Years 6
Slide 7: 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 via 230kV Brazilian national grid powered by renewables Conventional open-cut mining and processing 7 Sources: Wood Mackenzie 202
Slide 8: 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 Strong support from Well-established mining defined with Jaguar EIA government for strategic regulation and tenement Appro
Slide 9: 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 9
Slide 10: Jaguar - Site Layout
Jaguar - Site Layout Optimised site layout utilising natural topography and reducing costs 10
Slide 11: 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 12: Jaguar - Mining Operations
Jaguar - Mining Operations Optimised 15-year open pit mine plan Onҫa Rosa ► Open pit mining by Brazilian Mining Contractor ► Mining using conventional excavator, truck and small (off-the-shelf) equipment commonly Onҫa Preta available in Brazil ► Tailings facilities built from ex-mine waste productio
Slide 13: Jaguar - Mining Schedule
Jaguar - Mining Schedule Optimised schedule, reducing operational risk and increasing efficiency 52.0 Mt Total Ore Mined 0.78% Ni Avg Grade 307.6 Mt Total Material Mined 4.9x Avg Open Pit Strip Ratio 13
Slide 14: Jaguar - Process Flowsheet
Jaguar - Process Flowsheet Process plant to produce very high-grade nickel concentrate ► 3.5Mpta process plant design ► Conventional comminution circuit (single stage jaw crusher followed by a SAG and Ball mill circuit) to grind the ore to a P80 of 75mm ► Nickel flotation circuit to recover high-gra
Slide 15: 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 15
Slide 16: Jaguar - Financial Metrics
Jaguar - Financial Metrics Strong free cash-flow of US$169m pa (A$264m) over first 7 years US$3.84/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) 16
Slide 17: Jaguar – Approvals & Stakeholder Engagement
Jaguar – Approvals & Stakeholder Engagement Approvals Nearing Completion ● 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 due Q3 2025
Slide 18: 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 19: Jaguar - Project Funding Overview
Jaguar - 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 on
Slide 20: Jaguar - Project Implementation Schedule
Jaguar - Project Implementation Schedule Permitting well advanced, paving the way for a FID in H1 2026 20
Slide 21: Key Investment Takeaways
Key Investment Takeaways ► Tier-1 scale nickel asset at Jaguar ► Strong cashflow once in production ► All key environmental permits in place ► Strong interest from strategic partners ► Project Funding set to unlock huge value ► Closing-in on a Final Investment Decision ► Class-leading carbon footpri
Slide 22: Delivering the Western World's next major nickel sulphide mine
Delivering the Western 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 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 24: 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 %