Slide 1: ASX Announcement: RIU Explorers' Conference Presentation
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 18 February 2020 RIU EXPLORERS’ CONFERENCE PRESENTATION For personal use only Centaurus Metals Limited (ASX: CTM) attaches the following presentation. -ENDS- For further enquiries please contact: Authorised for release by: Nicolas Read Darren Gordon Read C
Slide 2: Dawn of a new global nickel sulphide growth project
BRAZIL Pará For personal use only 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 RIU Explorers Conference 2020 I
Slide 3: 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 For personal use only relation to the purchase or sale of shares in any jurisdiction. This presentat
Slide 4: Centaurus – A Ground-Floor Nickel Investment Opportunity
Centaurus – A Ground-Floor Nickel Investment Opportunity Focused on developing the advanced Jaguar Nickel For personal use only 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 mor
Slide 5: Corporate Summary
Corporate Summary Experienced Board and Management Team For personal use only Capital Structure Shares on Issue 3,790m Didier Murcia – Non-executive Chairman Lawyer with +30 years experience across multiple commodities & jurisdictions Listed Options (EP $0.012, Exp 31/5/21) 434m Darren Gordon – Mana
Slide 6: Nickel – The Looming EV Revolution
Nickel – The Looming EV Revolution Current nickel market size ~2.5Mt For personal use only 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
Slide 7: The Carajás Mineral Province – Land of the Giants
The Carajás Mineral Province – Land of the Giants 10 IOCG deposits with resources of +100Mt For personal use only 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 dep
Slide 8: Bulk-Tonnage Resources at Surface – HG Potential
Jaguar – Bulk-Tonnage Resources at Surface – HG Potential Historical resources of 40.4Mt at 0.78% Ni – 315,000 tonnes of contained Nickel Metal For personal use only Grade Metal Resource2 estimate completed in 2010 based on more than 55,000m of diamond Classification1 Mt Ni % Cu % Co ppm Ni Cu Co dr
Slide 9: Multiple Deposits + Brownfields & Greenfield Targets
Jaguar – Multiple Deposits + Brownfields & Greenfield Targets For personal use only 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 8
Slide 10: South Deposit – Near Surface & High-Grade
Jaguar South Deposit – Near Surface & High-Grade North-western Zone – over 150m strike near-surface semi-massive For personal use only and massive nickel sulphide zones To date CTM has received results for four Historical results included the following drill holes, intersections included: intersecti
Slide 11: 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 For personal use only sulphide zones with sub-vertical dip from surface to +300m depth To date CTM has received results for two Historical results included the following drill hol
Slide 12: 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 For personal use only 300m long FLEM conductor To date CTM has received results for four Historical results included the following drill holes, intersections include: interse
Slide 13: 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 For personal use only 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-d
Slide 14: Jaguar Project – Greenfields Growth Potential
Jaguar Project – Greenfields Growth Potential The Jaguar Project sits at the intersection of two regionally important mineralising structures For personal use only Multiple untested prospects Coincident GeoTEM, Ground Mag and Geochem targets Ground Mag – completed FLEM – underway Soil sampling and m
Slide 15: Jaguar Project – Development Underway: Metallurgical Testwork
Jaguar Project – Project Development Underway Preliminary Metallurgical Testwork For personal use only 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 characteri
Slide 16: Jaguar Project – Environmental Licensing Underway
Jaguar Project – Environmental Licensing Underway Fast-tracking Approvals For personal use only 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 f
Slide 17: Jaguar Project – Outstanding Infrastructure and Logistics
Jaguar Project – Outstanding Infrastructure and Logistics For personal use only 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 so
Slide 18: Jaguar Project – Only 15km From Onça Puma Ferronickel Plant
Jaguar Project – Only 15km From Onça Puma Ferronickel Plant For personal use only 17
Slide 19: Jambreiro Iron Ore
For personal use only Jambreiro Iron Ore • • New PFS completed in June 2019 A$114.9M post-tax NPV8 and 32% IRR • Pre-production capital estimate - A$59.8M • 22-month payback • Licensed for 3Mtpa of product • Extensive project design and engineering in place • Well located relative to Brazilian steel
Slide 20: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways Nickel focus – high-grade nickel sulphide asset leveraged to For personal use only 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
Slide 21: Dawn of a new global nickel sulphide growth project
BRAZIL Pará For personal use only 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 RIU Explorers Conference 2020 I