Centaurus Metals Limited · ASX:CTM
Centaurus Metals — RRS Summer Series Brisbane 2025
24 slides from Centaurus Metals's conference presentation, Feb 13, 2025
Slide 1: Discovering & delivering a new generation of critical minerals projects in Brazil
Discovering & delivering a new generation of critical minerals projects in Brazil Darren Gordon Managing Director
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: Investment Snapshot
Investment Snapshot ► Strong track record in Brazil spanning +15 years ► Experienced and respected in-country team ► Key asset – Jaguar Nickel Project – world-class Resource of 138.2Mt @ 0.87% Ni for 1.2Mt contained nickel ► Jaguar closing-in on FID in 2025: FS shows +18-year nickel mine producing 1
Slide 4: Brazil – Highly Favourable Mining Jurisdiction
Brazil – Highly Favourable Mining Jurisdiction A highly competitive global mining destination STRATEGIC MINERALS POLICY ENVIRONMENTAL ROAD MAP TO MINING Recently created to assist in Approval process clearly Well-established mining the approval process for defined with Jaguar EIA regulation and tene
Slide 5: Jaguar Nickel Project
Jaguar Nickel Project Delivering the world’s next significant nickel sulphide mine 5
Slide 6: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A world class global mining province – “land of the giants” The Carajás contains one of the world’s largest known concentrations of large-tonnage world-class mineral deposits 6
Slide 7: Brazil's Carajás Mineral Province: Outstanding infrastructure and logistics
Brazil’s Carajás Mineral Province Outstanding infrastructure and logistics ► High-Voltage (230kV) grid power runs within 40km of the Project ► Brazil’s national power grid runs on +80% renewables ► Low cost, clean power ► Project located 40km north of Tucumã and Ourilândia do Norte (pop +70,000) – m
Slide 8: Jaguar: A New Nickel Sulphide Powerhouse
Jaguar: A New Nickel Sulphide Powerhouse Closing-in on a Final Investment Decision in 2025 Ready to go FS complete, Key Environmental Licence issued Value Engineering work progressing in advance of FID Scale 18,700tpa Ni production, 18-year life Ore Reserve: 63Mt at 0.73% Ni – 459,200t Ni Lo
Slide 9: Jaguar – A World Class Nickel Deposit
Jaguar – A World Class Nickel Deposit Tier-1 Resource with further exceptional growth potential JORC MRE: 138.2Mt @ 0.87% Ni for 1.20 million tonnes of contained nickel The highest-grade undeveloped nickel sulphide deposit globally with +1Mt of contained nickel metal and completely unencumbered off-
Slide 10: Jaguar – Low Operating Costs to Drive Strong Margins
Jaguar – Low Operating Costs to Drive Strong Margins First quartile AISC amongst global operators and developers Life-of-mine AISC of US$3.57/lb (Contained Basis) = US$4.70 Payable Basis ~US$0.04/kWh via 230kV Brazilian national grid powered by renewables Conventional open-cut mining and processing
Slide 11: Jaguar – Nickel Price v FS AISC
Jaguar – Nickel Price v FS AISC LME Nickel Price - Last 20 Years US$/lb 30.00 25.00 20.00 15.00 10.00 5.00 - Feb-05 Feb-06 Feb-07 Feb-08 Feb-09 Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18 Feb-19 Feb-20 Feb-21 Feb-22 Feb-23 Feb-24 Feb-25 LME Nickel Spot as at 7-Feb-25 AISC: US$4.70
Slide 12: Jaguar Project - Approvals & Stakeholder Engagement
Jaguar Project - Approvals & Stakeholder Engagement Environmental Approvals On-Track ● Preliminary Licence (LP) ISSUED ● Mining Lease Application (PAE) APPROVED ● Preliminary (LP) and Installation Licences (LI) for 230kV power line APPROVED ● Issue of Mining Lease only conditional on the issue of th
Slide 13: Jaguar – Value Engineering Process
Jaguar – Value Engineering Process Improvement opportunities being pursued ahead of FID Resources of 21.5Mt at 1.46% Ni for 313kt of contained nickel metal sits below the current FS pit designs – strong underground opportunity ► Re-optimise and re-schedule the open pits; allowing for 30% increase
Slide 14: Jaguar – a near surface high-grade opportunity
Jaguar – a near surface high-grade opportunity Optimised mine plan to support early capital payback HIGH-GRADE: 36.1Mt @ 1.49% Ni for 537,900 tonnes of contained nickel (1.0% nickel cut-off ) 8.3Mt @ 1.52% Ni for 125,400 tonnes of contained nickel sits less than 100m from surface – fresh sulphide mi
Slide 15: Jaguar – Value Engineering Process
Jaguar – Value Engineering Process Pilot plant produces outstanding 34% high-grade concentrate Exceptional quality concentrate enhances already strong project economics, reducing LOM freight and processing costs, and improved product marketability Nickel Concentrate Product Specification from Pilot
Slide 16: Project Funding Overview
Project Funding Overview Centaurus is actively advancing discussions to secure project level equity and debt funding ahead of a Final Investment Decision Strategic Partnering & Equity Debt • Strategic Partnering Process advancing well supported by the Company’s • Debt funding discussions to continue
Slide 17: Boi Novo Copper-Gold Project
Boi Novo Copper-Gold Project Emerging IOCG discovery in the Carajás 17
Slide 18: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province – “land of the giants” The Carajás contains one of the world’s largest known concentrations of large-tonnage world-class mineral deposits 18
Slide 19: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration The Carajás is the world’s premier IOCG address ► Maiden drill program of 4,550m completed in late 2024 ► Near-surface high-grade breccia zone at Nelore Prospect in second last hole of the 2024 program returned 5.5m at 8.38% Cu ► Follow up drilling has just
Slide 20: Corporate Snapshot
Corporate Snapshot 497m (ASX:CTM) Shares on issue A$209m Market cap at A$0.42 Highly Experienced Board 67.3% Experienced leadership team, clean corporate structure Top-20 holders and strong balance sheet with clear a pathway to value growth as project development advances. 6.6m ~A$18m Cash (31/12/24
Slide 21: Key Investment Takeaways
Key Investment Takeaways ► Strong track record in Brazil spanning +15 years ► Experienced and respected in-country team ► Key asset – Jaguar Nickel Project – world-class Resource of 138.2Mt @ 0.87% Ni for 1.2Mt contained nickel ► Jaguar closing-in on FID in 2025: FS shows +18-year nickel mine produc
Slide 22: Discovering & delivering a new generation of critical minerals projects in Brazil
Discovering & delivering a new generation of critical minerals projects in Brazil Authorised for release by: Darren Gordon – Managing Director : +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 23: Jaguar Nickel Sulphide Project
Jaguar Nickel Sulphide Project August 2024 MRE & July 2024 Ore Reserve Estimates * Within pit limits cut-off grade 0.3% Ni; below pit limits cut-off grade 0.7% Ni; Totals are rounded to reflect acceptable precision; subtotals may not reflect global totals. All oxide material is considered as waste a
Slide 24: Data and references for comparison of global nickel sulphide deposits
Centaurus Data and references for comparison of pre-mined resources of global nickel sulphide Deposits and Camps Current Resource MI&I - Ni Metal Historic Prodn (h) Pre-Mined Resource MI&I Camp / Deposit Country Company Stage Resource Date Measured (f) Indicated Inferred Total Mt Ni in-situ Mt Ore %