Slide 1: Centaurus: Powering towards production
Centaurus: Powering towards production For personal use only • Jambreiro Feasibility Study: Q3 2012 • Approvals and Financing: Q4 2012 • Construction: Q2 2013 Darren Gordon Managing Director Diggers & Dealers – August 2012
Slide 2: Disclaimer
Disclaimer • This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, For personal use only solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentat
Slide 3: Overview
Overview • Building a long-term iron ore business in SE Brazil For personal use only • Developing low capital and operating cost mines near existing infrastructure and customers • 2Mtpa domestic production on track to commence at Jambreiro by Q4 of 2013: • Bankable Feasibility Study Q3 2012, approva
Slide 4: Brazilian Iron Ore Market
Brazilian Iron Ore Market • Large domestic market for iron ore consumption For personal use only • Brazilian economy expected to rebound in the medium term with infrastructure investment for 2014 Soccer World Cup and 2016 Olympics • Significant market opportunity with major steel mills located withi
Slide 5: Brazilian Domestic Project Hub
Brazilian Domestic Project Hub For personal use only Page 5
Slide 6: Domestic Project Hub
Domestic Project Hub For personal use only • 174Mt resource base – three projects • Cornerstone = Jambreiro Project (125.2Mt) – 130km from Ipatinga steel- making region • Future growth potential: Guanhaes tenements, Passabem, Itambé Page 6
Slide 7: Production on Track for 2013
Jambreiro – Production on Track for 2013 • Pre-Feasibility Study – November 2011: For personal use only • Operating costs: A$20/tonne • EBITDA: A$858M, annual cash flows: A$101M • Post-tax NPV: A$289M, IRR: 53% • Pre-production CAPEX: A$132M • Bankable Feasibility Study underway • Targeting producti
Slide 8: Bankable Feasibility Study
Jambreiro – Bankable Feasibility Study RESOURCES & MINING • In-fill drilling complete For personal use only • BFS JORC resource upgrade complete: • Consultant: BNA Micromine do Brazil 125.2Mt @ 26.7% Fe Consultoria Ltda (Brazilian branch of • Pit Optimization work complete international Microm
Slide 9: Attractive Economics, Low Mining Costs
Jambreiro – Attractive Economics, Low Mining Costs For personal use only PFS Assumptions Initial mine 8.5 life: years Strip ratio: 0.94:1 Production 2Mtpa rate: Page 9
Slide 10: Planned Site Layout
Jambreiro – Planned Site Layout For personal use only Page 10
Slide 11: Product Quality
Jambreiro – Product Quality Mass For personal use only PRODUCT QUALITY Fe% SiO2% Al2O3% P% Recovery % PROCESS – WET MAGNETIC SEPARATION FRIABLE ORE – PILOT PLANT (30T) Head Grade 30.4 52.3 2.7 0.02 Beneficiated Product 66.0 4.1 0.8 0.01 39.4 FRIABLE ORE – SEMI PILOT PLANT (2.5T) Head Grade 29.8 50.7
Slide 12: Land Access & Approval Process
Jambreiro – Land Access & Approval Process Environmental Approvals • EIA/RIMA lodged with SUPRAM For personal use only • Three stage approval process • LP October 2012 (On track) • LI April 2013 • LO December Quarter 2013 • Strong community support for Project • Job creation • Share of royalty • SUP
Slide 13: Development Timeline
Jambreiro – Development Timeline 2012 2013 2014 For personal use only BFS Complete Commence Off Site On Site Construction Production Pre-Fabrication Commences Commences Lodge Mining Project Financing Lease Application In Place Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar E
Slide 14: Corporate Overview
Corporate Overview Capital Structure (post capital raising)* Centaurus Metals Board For personal use only Shares on Issue 196.0m Didier Murcia Non-Executive Chairman Options 13.6m Darren Gordon Managing Director Share Price $0.35 Peter Freund Operations Director Market Capitalisation $69m Keith McKa
Slide 15: Summary
Summary • Brazil-focused iron ore developer For personal use only • Proven business model: Mine, Beneficiate, Deliver • Low capital intensity, low operating costs • Strong forecast cash flows • Close to production: Feasibility Study nearing completion • Well-funded: $35m cash following completion of
Slide 16: Centaurus: Powering towards production
Centaurus: Powering towards production For personal use only Darren Gordon Managing Director Contact details: Registered Office: Level 1, 16 Ord Street, West Perth, Western Australia 6005 Telephone: +61 8 9420 4000 Email: office@centaurus.com.au Diggers & Dealers – August 2012