Slide 1: Jaguar: a globally significant nickel sulphide project for a clean energy future
For personal use only Jaguar: a globally significant nickel sulphide project for a clean energy future Developing a long-life nickel project in the heart of Brazil’s premier Carajás Mineral Province Scoping Study Base Case Presentation Darren Gordon, Managing Director 1
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: A compelling nickel investment for an inevitable clean energy future
Centaurus Metals A compelling nickel investment for an inevitable clean energy future For personal use only Infrastructure rich, Post Tax NPV8 Payback – after tax World-class Low C1 Cash Costs A$604 Million 1.9 years Carajás Mineral US$2.41/lb Province, Brazil with IRR of 54% JORC Mineral Resource M
Slide 4: Corporate Summary
Corporate Summary Capital Structure March 2021 Substantial Shareholders Sprott Inc. 10.6% For personal use only Shares on Issue 329.3m Listed Options (EP $0.18, Exp 31/5/21) McCusker Holdings Pty Ltd 8.4% 25.4m Dundee Corporation 5.1% Unlisted Options 13.1m Board and Management 4.0% Top 20 Holders 6
Slide 5: A New Era of Nickel Sulphide Demand
A New Era of Nickel Sulphide Demand The looming clean energy revolution For personal use only ● Current nickel market size ~2.5Mtpa ● Nickel demand for batteries growing strongly but from a low base – still only 145,000tpa or 6% of market ● Depending on the scenario for the EV rate of adoption, nick
Slide 6: Our vision
Centaurus Metals Our vision For personal use only Underpinned by a high-quality asset at Jaguar, we are well placed to deliver on our aspiration to be a clean and efficient 20,000-plus tonne per annum nickel producer by the end of 2024 to assist in the global transition to electrification and to mee
Slide 7: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province For personal use only ● One of the world’s most prolific mining regions – effective industrial zone of Brazil ● Extensive infrastructure to support project development ● 10 IOCG deposits with resources of +100Mt Cu-Au for +4.0Bt of Cu
Slide 8: Outstanding infrastructure and logistics
Brazil’s Carajás Mineral Province Outstanding infrastructure and logistics For personal use only Jaguar Nickel Sulphide Project 58.9Mt at 0.96% Ni Inc. 20.0Mt at 1.56% Ni ● 40km north of regional mining centres of Tucumã and Ourilândia do Norte (population ~70,000) – mining towns with strong skilled
Slide 9: A large-tonnage, high-quality resource at surface
Jaguar Project - Resource A large-tonnage, high-quality resource at surface For personal use only JORC Mineral Resource Estimate : 58.9Mt @ 0.96% Ni for 562,600 tonnes of contained nickel metal Global: 3.7Mt at 1.58% Ni for 57,800t contained Ni ● JORC MRE based on +74,000m High-grade: 3.0Mt at 1.74%
Slide 10: Low-cost open pit & underground operations
Jaguar Project - Mining Low-cost open pit & underground operations For personal use only Production Target: 32.8Mt @ 0.84% Ni for 275,600 tonnes of contained nickel over initial 10 year mine life ● Independent Mining & Geotech studies were completed by Entech (Australia) & ReMetallica (Brazil); ● +8
Slide 11: Base Case - Conventional flotation plant to treat 2.7Mtpa
Jaguar Project - Processing Plant Base Case - Conventional flotation plant to treat 2.7Mtpa For personal use only ● Study Partners ● DRA Global - Independent plant engineering ● ALS - Metallurgical testwork ● Steinert - ore sorting pilot tests ● Pre-concentration ore-sorter stage to process low-grad
Slide 12: Worlds' best practice tailings management
Jaguar Project - Non-Processing Infrastructure Worlds’ best practice tailings management For personal use only Onca Pits ● Tailings storage conceptual study completed by industry expert Chris Lane (L&MGSPL); Integrated Waste Landform ● Integrated Waste Landform (IWL) was Waste deposits chosen as Tai
Slide 13: Capital & Operating Costs
Jaguar Project Capital & Operating Costs Low capital intensity and operating costs For personal use only Pre-production Capital ● Plant capital and operating estimates completed by DRA Global; mine Pre-Production Capital Cost Base Case US$M capital and operating estimates by Entech & ReMetallica; Mi
Slide 14: Scoping Base Case Study Results
Jaguar Project Scoping Base Case Study Results Real value from a high-grade sustainable operation For personal use only Base Case Scoping Study: Open pit and underground mining delivering ore to a 2.7Mtpa conventional nickel flotation plant Post Tax NPV8 Nickel in Concentrate Total Revenue 25.0 A$60
Slide 15: Value-adding opportunities
Jaguar Project – Value-Add Case Scoping Study In Progress For personal use only Value-adding opportunities • Scoping Study to consider value-adding opportunities including Pressure Oxidation (POx) to produce nickel metal or nickel sulphate • POx testing at ALS delivered excellent results - extractio
Slide 16: Approvals and Land Access
Jaguar Project – Approvals and Land Access Environmental licensing advancing well For personal use only Environmental Approvals On-Track ● Significant amount of environmental data historically collected by Vale for use by CTM in approval process ● 100% of wet and dry season data collected for use in
Slide 17: Social Integration
Centaurus Social Integration For personal use only Strong community support for Jaguar Project Before ● Centaurus’ ESG program is based on a combination of the TSM with PRI principles as they relate to exploration and pre-development activities ● Current social integration initiatives include: Emp
Slide 18: Our COVID-19 response
Centaurus Our COVID-19 response For personal use only ● Centaurus continues to work closely with the health authorities in the local municipalities to ensure the health and safety of its people and the community ● Community Support: ● Test kits as well as medical PPE (masks, coveralls and hand sanit
Slide 19: Targeted Development Timeline
Jaguar Project Targeted Development Timeline For personal use only Q3/2023 – Formal Decision to Mine Q4/2022 – Definitive Feasibility Study Q4/2021 – Pre-Feasibility Study Q2/2021 – Lodge Key Environmental Licence Q1/2021 – MRE Upgrade & Scoping Study Results 19
Slide 20: 65km of development & growth drilling underway
Jaguar Project – Growth and Upside 65km of development & growth drilling underway For personal use only Resource Development & Growth 20km of in-fill and extensional drilling 15km of step-out drilling 5km of geotechnical & metallurgical drilling Greenfields Growth Drilling 25km drill program now und
Slide 21: Structural model - targeting more high-grade
Jaguar Project – Growth and Upside Structural model - targeting more high-grade For personal use only JAG-DD-20-104 – 195.3m to 207.4m down-hole 12.1m at 5.38% Ni, 0.31% Cu and 0.09% Co Jaguar Central Jaguar South 11.0m at 0.76% Ni (frm 127m) High-grade structural traps 20.0m at 1.00% Ni (frm 153m)
Slide 22: Deep plumbing system remains open and untested
Jaguar Project – Growth and Upside Deep plumbing system remains open and untested For personal use only 200m 250m 300m Untested Untested Untested DHEM to drive deep massive sulphide discoveries 22
Slide 23: Near-mine greenfields exploration upside
Jaguar Project – Growth and Upside Near-mine greenfields exploration upside For personal use only ● Multiple untested prospects ● Coincident GeoTEM, Ground Mag and Geochem targets ● Detailed Ground Mag – completed ● FLEM – underway ● Soil sampling & mapping – underway 25km regional drilling program
Slide 24: Key investment takeaways
Centaurus Key investment takeaways For personal use only ● Nickel focus – Sustainable high-grade nickel sulphide asset leveraged to strong long-term Class 1 nickel market outlook ● Favourable infrastructure rich project location – the world-class Carajás Mineral Province ● Globally Significant Maide
Slide 25: Contact us
For personal use only Jaguar: a globally significant nickel sulphide project for a clean energy future Authorised for Release by Managing Director – Darren Gordon Contact us office@centaurus.com.au.au (+61) 8 6424 8420 Follow our communications: : Centaurus Metals : @CentaurusMetals 25
Slide 26: March 2021 JORC MRE & Scoping Study Production Target
Centaurus March 2021 JORC MRE & Scoping Study Production Target For personal use only Resource Tonnes Grade Contained Metal kt Material Resource Ore Ni Metal Deposit Mining Method Ni % Category Mt Ni % Cu % Co ppm Ni Cu Co Type Category Mt kt IND 7.4 1.19 0.06 239 87.4 4.2 1.8 Open Pit High-grade IN