Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Investor Presentation (March 2020)
22 slides from Centaurus Metals's investor presentation, Mar 2, 2020
Slide 1: Dawn of a new global nickel sulphide growth project
BRAZIL Pará Minas Gerais ASX : CTM Dawn of a new global nickel sulphide growth project Advanced Jaguar Project – acquired from Vale High-grade development potential +30,000m drill program underway Recent high-grade discovery at Onça Rosa PDAC March 2020 I Darren Gordon, Managing Director
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: Centaurus – A Ground-Floor Nickel Investment Opportunity
Centaurus – A Ground-Floor Nickel Investment Opportunity Focused developing the advanced Jaguar Nickel Sulphide Project – acquired from Vale in September 2019 Global foreign resource of 40.4Mt at 0.78% Ni* (0.5% Ni cut-off): – 315,000 tonnes of contained nickel, based on more than 55,000m of diamond
Slide 4: Corporate Summary
Corporate Summary Proforma Post Capital Structure Current Consolidation Shares on Issue 3,790m 252.7m Listed Options 434m 28.9m (EP $0.012 – Pre Consol, Exp 31/5/21) Unlisted Options 109m 7.3m Top 20 Holders 42% 42% Directors & Management 5% 5% Holding Market Capitalisation A$41.7m A$41.7m Cash as a
Slide 5: Board and Management Team
Board and Management Team Extensive Brazil and Nickel Development Experience EXECUTIVE MANAGEMENT DARREN GORDON BRUNO SCARPELLI ROGER FITZHARDINGE JOHN WESTDORP JOHN KNOBLAUCH ROCKY OSBORNE MANAGING DIRECTOR BRAZIL COUNTRY MANAGER OPERATIONS MANAGER CHIEF FINANCIAL OFFICER PRINCIPAL METALLURGIST PRI
Slide 6: Nickel – The Looming EV Revolution
Nickel – The Looming EV Revolution Current nickel market size ~2.5Mt Nickel demand for batteries growing strongly (more than 4X in six years to 2018) but from a low base – still only 145,000t or 6% of market Depending on the scenario for the EV rate of adoption, nickel volumes to meet this additiona
Slide 7: Brazil – A Mining-Friendly Jurisdiction
Brazil – A Mining-Friendly Jurisdiction Latin America’s largest economy Rapidly growing population (currently ~209 million) Strong tenement control system, established Mining Code BRAZIL Pará Government revenue generated from royalties Wide-ranging economic reforms underway – labour laws, pension
Slide 8: The Carajás Mineral Province – Land of the Giants
The Carajás Mineral Province – Land of the Giants 10 IOCG deposits with resources of +100Mt Cu-Au, including six >300Mt for +4.0Bt of Cu- Au resources Includes Vale’s giant Salobo Mine which hosts Reserves of 1.2Bt @ 0.61% Cu, 0.3g/t Au Hosts the largest high-grade iron ore deposits on the planet, p
Slide 9: Jaguar Project – Large-Tonnage Resources at Surface
Jaguar Project – Large-Tonnage Resources at Surface Historical resources of 40.4Mt at 0.78% Ni – 315,000 tonnes of contained Nickel Metal Grade Metal Resource2 estimate completed in 2010 based on more than 55,000m of diamond Classification1 Mt Ni % Cu % Co ppm Ni Cu Co drilling Measured 19.0 0.79 0.
Slide 10: Jaguar – Multiple Deposits, Brownfields and Greenfield Targets
Jaguar – Multiple Deposits, Brownfields and Greenfield Targets Priority High-Grade Resource Drilling Jaguar South Onça Preta Jaguar Central South High Impact Exploration Drilling Onça Rosa Discovery DHEM Greenfields Growth Ground Mag & FLEM Geochem & Mapping 10
Slide 11: Jaguar South Deposit – Near Surface & High Grade
Jaguar South Deposit – Near Surface & High Grade North-western Zone – over 150m strike near-surface semi-massive and massive nickel sulphide zones To date CTM has received results for four Historical results included the following drill holes, intersections included: intersections: 12.4m at 1.95%
Slide 12: Jaguar South Deposit – Open at Depth and Along Strike
Jaguar South Deposit – Open at Depth and Along Strike Central Zone – over 350m strike of semi-massive and massive nickel sulphide zones with sub-vertical dip from surface to +300m depth To date CTM has received results for six drill Historical results included the following holes, intersections incl
Slide 13: Onça Preta Deposit – Width & Grade Increasing with Depth
Onça Preta Deposit – Width & Grade Increasing with Depth Onça Preta – 100m long DHEM conductor plate sitting within a broader 300m long FLEM conductor To date CTM has received results for seven Historical results included the following drill holes, intersections include: intersections: 14.9m at 2.
Slide 14: Onça Rosa – A New High-grade Nickel Discovery
Onça Rosa – A New High-grade Nickel Discovery Largely untested 600m long FLEM plate coincident with ground magnetic anomalies and Ni-magnetite float Recent CTM discovery hole intersected: 9.3m @ 3.13% Ni, 0.19% Cu, 0.08% Co Discovery hole intersected mineralisation 40m down-dip from Vale hole whic
Slide 15: Jaguar Project – Greenfields Growth Potential
Jaguar Project – Greenfields Growth Potential The Jaguar Project sits at the intersection of two regionally important mineralising structures Multiple untested prospects Coincident GeoTEM, Ground Mag and Geochem targets Ground Mag – completed FLEM – underway Soil sampling and mapping
Slide 16: Jaguar Project – Project Development Underway
Jaguar Project – Project Development Underway Preliminary Metallurgical Testwork Preliminary flotation tests deliver +80% nickel recoveries* from Jaguar South ore; Quality +16% nickel concentrate, with high Fe:MgO (~5.5:1) and low arsenic - highly desirable marketable characteristics; Using traditio
Slide 17: Jaguar Project – Environmental Licensing Underway
Jaguar Project – Environmental Licensing Underway Fast-tracking Approvals Initial drilling licence secured through to October 2022 Significant amount of environmental data historically collected by Vale for use by CTM in approval process Terms of reference received from Semas for main environmental
Slide 18: Jaguar Project – Outstanding Infrastructure and Logistics
Jaguar Project – Outstanding Infrastructure and Logistics 35km north of regional mining centres of Tucumã and Ourilândia do Norte (population 50,000) with access via all-weather roads – mining towns with strong skilled workforce High Voltage (230kVA) sub-station located 15km south-east at Vale’s Onç
Slide 19: Jaguar Project – Only 15km From Onça Puma Ferronickel Plant
Jaguar Project – Only 15km From Onça Puma Ferronickel Plant 19
Slide 20: Jaguar Project Development Timeline
Jaguar Project Development Timeline 2020 2021 2022 Q1 Q2 Q3 Q4 DRILLING Resource Drilling - Infill & Extensional Jaguar South Jaguar Central Jaguar West Onça Preta Resource Drilling - New Discovery Onça Rosa Regional Exploration Drilling Priority 1 Targets Ongoing resource and exploration drilling P
Slide 21: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways Nickel focus – high-grade nickel sulphide asset leveraged to strong long-term nickel market outlook Substantial foreign resource – 40.4Mt at 0.78% Ni (0.5% Ni cut-off) for a total of 315,000 tonnes of contained nickel Outstanding high-grade open pit potential – 3
Slide 22: Dawn of a new global nickel sulphide growth project
BRAZIL Pará Minas Gerais ASX : CTM Dawn of a new global nickel sulphide growth project Advanced Jaguar Project – acquired from Vale High-grade development potential +30,000m drill program underway Recent high-grade discovery at Onça Rosa PDAC March 2020 I Darren Gordon, Managing Director
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