Centaurus Metals Limited · ASX:CTM

Centaurus Metals — Investor Presentation (April 2010)

19 slides from Centaurus Metals's investor presentation, April 2010

1. Slide 1: Developing a Brazilian Iron Ore Business

   Developing a Brazilian Iron Ore Business Darren Gordon, Managing Director

2. Slide 2: Disclaimer

   Disclaimer Not all images in this presentation are images of Centaurus Metals Projects. 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

3. Slide 3: Company Structure

   Company Structure Capital Structure Shares on Issue 604.4m ASX CODE : CTM Options* 101m Share Price $0.081 Market Capitalisation $49m Cash at bank (31 Mar 2010) $7 million Debt NIL Enterprise Value $42 million Shareholding Directors & Management 15% Top 40 38% * Ex prices from 3.125 cents to 28.5 ce

4. Slide 4: Centaurus Metals Board & Key Management

   Centaurus Metals Board & Key Management DARREN GORDON Managing Director  Over 15 years resource industry experience with particular emphasis on resource funding and structuring. 9 years experience as CFO of Gindalbie Metals DIDIER MURCIA Chairman  25 years corporate and resource industry experienc

5. Slide 5: Brazilian Iron Ore Business

   Brazilian Iron Ore Business  Centaurus Metals’ Brazilian Iron Ore focus is to:  Produce from a number of Brazilian iron ore mines selling to the Brazilian domestic steel mills  Secure projects that will enable Centaurus Metals to become a significant iron ore exporter  By 2013 Centaurus Metals e

6. Slide 6: Brazil

   Brazil  Latin America’s largest economy  Rapidly growing population (currently 200 million)  IMF predicts growth of 4.7% in 2010  US$221b committed to infrastructure spend  Hosting FIFA World Cup in 2014 and the Olympic Games in 2016  Brazil is a Top 10 global steel producer  Brazil is the wo

7. Slide 7: Brazilian Iron Ore Market

   Brazilian Iron Ore Market  Unlike Australia, a large market for the consumption of iron ore is located alongside iron ore projects  Major steel companies, with steel mills within a 150km radius of Centaurus Metals’ projects have significant domestic production with major capacity upgrades planned

8. Slide 8: Project Locations

   Project Locations  The state of Minas produces over 170mtpa of iron ore annually (60% of Brazil’s Brazil production)  Minas produces 37% of Brazil’s steel and is the largest producer of pig iron in Brazil  Vale’s Itabira complex has been mined since 1942, producing ~60mtpa through the last decade

9. Slide 9: Project location map

   WH. 100 city @ Town = Highway Road Airport Centaurus Project (Fe) Centaurus Project (Mn) Cenibra Project Major Iron Ore Mine ®©O tt ® Smelter I Diamantina "| - ~~ fi x) — Monjolos “ ea EN Serra do Bicho Fe EN) Guanhaes Project Fe CV) Ponte de Pedra Mn e Curvelo Guanhaes g®' 5 ©) Minas Rio Conceicao

10. Slide 10: Domestic Iron Ore Business

    Domestic Iron Ore Business “Supplying Iron Ore to Brazil’s Steel Mills” 10

11. Slide 11: Domestic Iron Ore Business

    Domestic Iron Ore Business  Targeting production from a number of low OpEx, low CapEx mines, in close proximity to established infrastructure  Centaurus Metals aims to:  commence production in 2011  produce ≥ 3mtpa by the end of 2013, to be sold into Brazil’s domestic steel mills for anticipated

12. Slide 12: Itambé Project (100%)

    Itambé Project (100%)  Project to be a 1mtpa producer of high grade  Studies indicated total operating cost iron ore of A$14/t versus a sale price of ~$34/t, for total capex of only A$17m  15.5Mt JORC Inferred Resource  At 1mpta an operating cashflow of Fe % SiO2% P% Al2O3 % Mn% A$20 million per

13. Slide 13: Itabirite Ore

    Itabirite Ore.... A major source of iron ore production in Brazil…  Metamorphosed iron formation composed of iron oxides with abundant quartz  Iron Quadrangle itabirites typically comprise hematite  Lower ROM grade than other sources of hematite (averaging 30-50% Fe)  Extremely well suited to lo

14. Slide 14: Passabem Project (100%)

    Passabem Project (100%)  Projected to be a 1mtpa producer of high grade iron ore  2.6Mt JORC Inferred Resource Fe % SiO2% P% Al2O3 % Mn% 31.2 48.9 0.035 2.90 0.11  Only 500m (10%) of strike drilled to date. Open at depth and remaining 4.75km along strike  Targeting a total resource of 15-25Mt @

15. Slide 15: Cenibra Project (earning 100%)

    Cenibra Project (earning 100%)  Aim is to define targets for domestic production of +1mtpa  A portfolio comprising 63 iron ore tenements, covering an area of 1,014 square kilometres in the State of Minas Gerais  Currently conducting exploration across the entire package  One prospect, known as t

16. Slide 16: Iron Ore Export Business

    Iron Ore Export Business “Supplying Iron Ore to the World Market” 16

17. Slide 17: Iron Ore Export Business

    Iron Ore Export Business  Brazil is the largest exporter of high grade iron ore in the world  Centaurus Metals aims to acquire or identify a project capable of producing 12-15mtpa of 64-69% Fe product for a minimum project life of 10 years, to export to world markets  Investigating opportunities

18. Slide 18: Summary

    Summary  Highly experienced, well funded team with extensive global experience in the financing, development and operation of iron ore projects  Building a business to supply domestic steel mills, and in time also world markets  Iron ore production by 2011  At least 3mpta to be sold domestically

19. Slide 19: Developing a Brazilian Iron Ore Business

    Developing a Brazilian Iron Ore Business Contacts: Darren Gordon Mark Papendieck Managing Director General Manager - Commercial (+618) 9420 4001 (+618) 9420 4003  darren.gordon@centaurus.com.au  mark@centaurus.com.au

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