Centaurus Metals Limited · ASX:CTM
Centaurus Metals — Diggers & Dealers 2020
24 slides from Centaurus Metals's conference presentation, Oct 12, 2020
Slide 1: Jaguar: a globally significant nickel sulphide project for a clean energy future
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 12-14 October 2020 | 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: Centaurus Metals: A compelling nickel investment
Centaurus Metals A compelling nickel investment ● Developing the Jaguar Nickel Sulphide Project ● Located in the world-class Carajás Mineral Province – home to Vale, extensive regional mining infrastructure and some of the world’s largest deposits ● Globally significant Resource: 517,500 tonnes of n
Slide 4: A New Era of Nickel Sulphide Demand
A New Era of Nickel Sulphide Demand The looming clean energy 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 adop
Slide 5: A New Era of Nickel Sulphide Demand: Finding sustainable sources of nickel
A New Era of Nickel Sulphide Demand Finding and developing sustainable sources of nickel “Wherever you are in the world, please mine more nickel and...go for efficiency, obviously environmentally-friendly nickel mining at high volume. Tesla will give you a giant contract for a long period of time, i
Slide 6: Our vision
Centaurus Metals Our vision 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 meet anticipated surging
Slide 7: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province ● 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, includi
Slide 8: Jaguar Project Overview: Outstanding infrastructure and logistics
Jaguar Project Overview 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) grid power to be accessed from Tucumã sub-station – 80% of power generat
Slide 9: A large-tonnage, high-quality resource from surface
Jaguar Project Overview A large-tonnage, high-quality resource from surface JORC Mineral Resource Estimate : 48.0Mt at 1.08% Ni for 517,500 tonnes of contained nickel metal • JORC MRE based on more than 65,000m of diamond drilling • 80% of MRE is within 200m of surface • 29% of MRE (contained metal)
Slide 10: A large-tonnage, high-quality resource at surface
Jaguar Project Overview A large-tonnage, high-quality resource at surface Global: 3.6Mt at 1.59% Ni for 56,600t Global: 2.1Mt at 1.49% Ni for 30,900t contained Ni contained Ni High-grade: 2.9Mt at 1.75% Ni for 51,700t High-grade: 1.1Mt at 2.20% Ni for 24,200t contained Ni contained Ni - +150m strike
Slide 11: Jaguar Project Development: Scoping Study in progress
Jaguar Project Development Scoping Study in progress Scoping Study due Q1 2021 ● Study being progressed with support of industry- leading consulting groups Entech and DRA Global ● To be underpinned by updated JORC 2012 Mineral Resource Estimate ● Base case is for the production of high quality nicke
Slide 12: Jaguar Project – Metallurgy
Jaguar Project – Metallurgy Scoping Study in progress Preliminary Metallurgical Testwork ● Flotation tests deliver +80% nickel recoveries* from Jaguar South and Onça Preta ore – Jaguar Central and North testing to start soon. ● Quality +16% nickel concentrate, with high Fe:MgO (~5.5:1) and low arsen
Slide 13: Jaguar Project – Value-Add Case
Jaguar Project – Value-Add Case Scoping Study In Progress Value-adding opportunities • Scoping Study to consider value-adding opportunities including Pressure Oxidation (POx) to produce nickel metal or nickel sulphate • Initial POx testing at ALS has delivered excellent results with extractions of n
Slide 14: Environmental licensing underway
Jaguar Project Environmental licensing underway 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 environmen
Slide 15: Jaguar Project Development Timeline
Jaguar Project Development Timeline Targeting Production for Q4 2024 Q4/2021 – Pre-Feasibility Study Q2/2021 – Lodge Key Environmental Licence Q1/2021 – MRE Up-Grade & Scoping Study Results Q3/Q4 2020 – Ongoing Drilling (Resource & Exploration) 15
Slide 16: Jaguar Project – Growth and Upside
Jaguar Project – Growth and Upside 75km of development & growth drilling underway Resource Development & Growth 30km of in-fill and extensional drilling 15km of step-out drilling 5km of geotechnical & metallurgical drilling Greenfields Growth Drilling 25km drill program now underway 16
Slide 17: Deep plumbing system remains open and untested
Jaguar Project – Growth and Upside Deep plumbing system remains open and untested 200m 250m 300m Untested Untested Untested DHEM to drive deep massive sulphide discoveries 17
Slide 18: Near-mine exploration upside
Jaguar Project – Growth and Upside Near-mine exploration upside ● Multiple untested prospects ● Coincident GeoTEM, Ground Mag and Geochem targets ● Detailed Ground Mag – completed ● FLEM – underway ● Soil sampling & mapping – underway 25km regional drilling program underway 18
Slide 19: Our COVID-19 response
Centaurus Our COVID-19 response ● 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 sanitiser) purchased and do
Slide 20: Corporate Summary
Corporate Summary Capital Structure October 2020 Substantial Shareholders Shares on Issue 325.8m Sprott Inc. 8.0% McCusker Holdings Pty Ltd 5.8% Listed Options (EP $0.18, Exp 31/5/21) 28.9m Dundee Corporation 5.1% Unlisted Options 12.1m Board and Management 4.0% Top 20 Holders 59% Broker Research Da
Slide 21: Key investment takeaways
Centaurus Key investment takeaways ● Nickel 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 Resource – 48.0Mt at 1.08% Ni for 517
Slide 22: Jaguar: a globally significant nickel sulphide project for a clean energy future
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 12-14 October 2020 | Darren Gordon, Managing Director 22
Slide 23: Authorised for release by Darren Gordon
Authorised for release by: Darren Gordon Managing Director, Centaurus Metals Ltd Corporate Office Level 2, 1 Ord Street, West Perth WA 6872 Australia +61 8 6424 8420 23
Slide 24: 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