Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Paydirt Australian Nickel Conference 2020
28 slides from Centaurus Metals's conference presentation, Oct 6, 2020
Slide 1: Jaguar: the new global nickel sulphide growth project
BRAZIL Pará Minas Gerais ASX : CTM Jaguar: the new global nickel sulphide growth project Near-surface +500Kt maiden JORC Mineral Resource Estimate Outstanding resource growth and new discovery opportunities High-grade development potential – open pit & underground 6 October 2020 I Australian N
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 Compelling Nickel Investment
Centaurus – A Compelling Nickel Investment Focused on developing the advanced Jaguar Nickel Sulphide Project Globally Significant Maiden JORC Indicated and Inferred MRE of 48.0Mt at 1.08% Ni for 517,500 tonnes of nickel metal – 80% of nickel tonnes within 200 metres of surface High Grade JORC MRE of
Slide 4: 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 5: Corporate Summary
Corporate Summary Capital Structure October 2020 CTM Share Register Composition Shares on Issue 325.8m Listed Options (EP $0.18, Exp 31/5/21) 28.9m Institutional & Corporate 28% 44% Unlisted Options 12.1m Board & Management High Net Worth Top 20 Holders 59% Retail Directors & Management Holding 4% M
Slide 6: Board and Management Team
Board and Management Team Extensive Brazil and Nickel Development Experience MANAGEMENT TEAM DARREN GORDON BRUNO SCARPELLI ROGER FITZHARDINGE JOHN WESTDORP JOHN KNOBLAUCH ROCKY OSBORNE MANAGING DIRECTOR BRAZIL COUNTRY MANAGER OPERATIONS MANAGER CHIEF FINANCIAL OFFICER PRINCIPAL METALLURGIST PRINCIPA
Slide 7: Brazil’s Carajás Mineral Province – Land of the Giants
Brazil’s Carajás Mineral Province – Land of the Giants The Carajás is 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-Au resources, including
Slide 8: Jaguar Project – Outstanding Infrastructure and Logistics
Jaguar Project – Outstanding Infrastructure and Logistics 40km north of regional mining centres of Tucumã and Ourilândia do Norte (population 70,000) – mining towns with strong skilled workforce High-Voltage (138kV) sub-station located at Tucumã – 80% of power generation in Brazil is from renewables
Slide 9: Jaguar Project – Only 15km From Onça Puma Ferronickel Plant
Jaguar Project – Only 15km From Onça Puma Ferronickel Plant 9
Slide 10: Jaguar Project – Scoping Study Well Advanced
Jaguar Project – Scoping Study Well Advanced The Scoping Study aims to demonstrate that, subject to further development work, Centaurus is well placed to deliver on its aspirations to be a clean and efficient 20,000 plus tonne per annum nickel producer by the end of 2024 to assist in the global tran
Slide 11: Jaguar Project – Large-Tonnage Resource at Surface
Jaguar Project – Large-Tonnage Resource at Surface JORC Mineral Resource Estimate of 48.0Mt at 1.08% Ni for 517,500 tonnes of contained Nickel Metal Tonnes Grade Contained Metal Tonnes Classification Ore Type Mt Ni % Cu % Co ppm Ni Cu Co Transition Sulphide 0.3 1.09 0.09 310 3,500 300 100 Indicated
Slide 12: 75km of Development & Growth Drilling Underway
75km of Development & Growth Drilling Underway Resource Development & Growth 30km In-fill and Extensional Drilling 15km Step-out Drilling 5km Geotech & Met Drilling Greenfields Growth Drilling 25km drill program ready to commence 12
Slide 13: Jaguar South Deposit – Open at Depth and Along Strike
Jaguar South Deposit – Open at Depth and Along Strike 15.5Mt at 1.10% Ni for 170,700t of contained Nickel Metal High-grade: 7.0Mt at 1.58% Ni for 110,900t of Nickel Metal High-grade from surface and open along strike and at depth Strong correlation between high- grade nickel and DHEM conductors Step
Slide 14: Jaguar South Deposit – Consistent, High-Grade Zones
Jaguar South Deposit – Consistent, High-Grade Zones +600m strike of semi-massive and massive nickel sulphide from surface to +300m depth (and still open) Best intercepts from Jaguar South: 34.0m at 3.31% Ni from 56m 42.3m at 2.20% Ni from 76m 37.7m at 2.11% Ni from 109m 21.8m at 2.65% Ni fro
Slide 15: Central & North Deposits – Shallow, High-Grade Ni
Jaguar Central & North Deposits – Shallow, High-Grade Ni 7.4Mt at 1.13% Ni for 83,400t of Jaguar Central contained Nickel Metal High-grade: 4.1Mt at 1.44% Ni for 59,400t of Nickel Metal Jaguar North 2.8Mt at 1.14% Ni for 32,300t of contained Nickel Metal High-grade: 1.5Mt at 1.50% Ni for 22,100t of
Slide 16: Jaguar Central Deposit – More Results Soon
Jaguar Central Deposit – More Results Soon +400m strike of semi-massive nickel sulphide from surface to +300m depth (open along strike and down-dip) Best intercepts from CTM drill holes at Jaguar Central : Multiple DHEM conductor plates 40.5m at 1.35% Ni from 20.0m, incl 12.0m at 1.95% Ni from 38.
Slide 17: Jaguar North Deposit – More Near-Surface & High-Grade
Jaguar North Deposit – More Near-Surface & High-Grade +400m strike of semi-massive and massive nickel sulphide from surface to +300m depth (open along strike and down-dip) Best results from initial CTM drill holes at Jaguar North: 26.8m at 1.21% Ni from 84.3m o incl 10.8m at 2.10% Ni from 84.3m
Slide 18: Onça Preta Deposit – Width & Grade Increasing with Depth
Onça Preta Deposit – Width & Grade Increasing with Depth +150m strike of semi-massive and massive nickel sulphide from surface to +300m depth – and open Global: 3.6Mt at 1.59% Ni for 56,600t of Nickel Best intercepts from the Onça Metal Preta Deposit: High-grade: 2.9Mt at 1.75% Ni for 51,700t of 1
Slide 19: Onça Rosa – Got the “Pink Panther” by the tail!
Onça Rosa – Got the “Pink Panther” by the tail! 600m long FLEM plate coincident with ground magnetic at major regional structural intersection Significant intersections to date: 7.9m at 5.27% Ni (from 247m) 9.3m at 3.13% Ni (from 282m) 3.5m at 2.38% Ni (from 272m) 3.9m at 3.19% Ni (from 14m)
Slide 20: Jaguar Project – Project Development Underway
Jaguar Project – Project Development Underway Preliminary Metallurgical Testwork Flotation tests deliver +80% nickel recoveries* from Jaguar South and Onça Preta ore. Jaguar Central and North testing has commenced. Quality +16% nickel concentrate, with high Fe:MgO (~5.5:1) and low arsenic – highly d
Slide 21: Jaguar Project – Environmental Licensing
Jaguar Project – Environmental Licensing 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 study (EI
Slide 22: 75km of Development & Growth Drilling Underway
75km of Development & Growth Drilling Underway Resource Development & Growth 30km In-fill and Extensional Drilling 15km Step-out Drilling 5km Geotech & Met Drilling Greenfields Growth Drilling 25km drill program ready to commence 22
Slide 23: 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 Detailed Ground Mag – completed Soil sampling & mapping - ongoing FLEM – ongoing
Slide 24: Filhote Prospect – PGEs & Ni
Filhote Prospect – PGEs & Ni PGE-Ni rich feeder zone from neighbouring Onça or Puma Layered Ultramafic-mafic Complexes? Filhote is associated with a mafic-ultramafic intrusive emplaced along (or cut by) the ENE-trending McCandless Fault 300m FLEM conductor plate coincident within a broad (+1.1km) gr
Slide 25: 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 North Jaguar West Onça Preta Resource Drilling - New Resources Onça Rosa Regional Exploration Drilling New Priority Targets Ongoing resource and explora
Slide 26: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways Nickel sulphide focus – high-grade nickel sulphide asset with flexible development options leveraged to strong long-term nickel market outlook Favourable project location – Carajás Mineral Province Globally Significant Maiden JORC MRE – 48.0Mt at 1.08% Ni for 517
Slide 27: Jaguar: the new global nickel sulphide growth project
BRAZIL Pará Minas Gerais ASX : CTM Jaguar: the new global nickel sulphide growth project Near-surface +500Kt maiden JORC Mineral Resource Estimate Outstanding resource growth and new discovery opportunities High-grade development potential – open pit & underground 6 October 2020 I Australian N
Slide 28: Annexure 1 – Jaguar MRE by Deposit
Annexure 1 – Jaguar MRE by Deposit Jaguar MRE by Deposit Jaguar High-Grade MRE by Deposit Tonnes Grade Contained Metal Tonnes Tonnes Grade Contained Metal Tonnes Deposit Classification Mt Ni % Cu % Co ppm Ni Cu Co Deposit Classification Mt Ni % Cu % Co ppm Ni Cu Co Indicated 4.5 1.38 0.07 270 62,700
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