Centaurus Metals Limited · ASX:CTM
Centaurus Metals — ASX SMIDcaps Conference 2026
19 slides from Centaurus Metals's conference presentation, Mar 25, 2026
Slide 1: Delivering the world's next major nickel sulphide mine
Delivering the world’s next major nickel sulphide mine The Jaguar Nickel Project – Brazil
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 Case
Investment Case On track to be the next major ASX-listed nickel producer ► Tier-1 scale nickel sulphide project with significant upside – 1.2Mt contained Ni ► Initial 15-year open pit operation both bottom quartile costs and strong margins ► Strong ESG credentials and low-carbon footprint ► Outstand
Slide 4: Why Nickel?
Why Nickel? A critical metal for the global energy transition ► Long-term demand underpinned by stainless steel – traditional market still strong ► Essential for Electric Vehicle Batteries – nickel enables higher energy density, longer range and lower battery costs ► Demand expected to grow strongly
Slide 5: Jaguar – Positioned for a Resurgent Nickel Market
Jaguar – Positioned for a Resurgent Nickel Market LME nickel price over the past 25 years US$/lb 30.0 Centaurus hasn’t been waiting for the cycle to turn - but rather significantly de- 25.0 risking its project in advance of the anticipated market improvement 20.0 15.0 Jaguar Acquired 10.0 5.0 Feb-02
Slide 6: A World-Class Mining Location
A World-Class Mining Location Located in one of the world’s great mining provinces – “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 – A Highly Favourable Mining Jurisdiction
Brazil – A Highly Favourable Mining Jurisdiction Active Government support for Critical Minerals STRATEGIC MINERALS FOCUS ENVIRONMENTAL ROAD MAP TO MINING Approval process clearly Well-established mining Strong support from defined with Jaguar regulation and tenement government for strategic Prelimi
Slide 8: A New Global Nickel Sulphide Powerhouse
A New Global Nickel Sulphide Powerhouse Large-scale, long-life nickel sulphide project Ready to go Key Environmental Licences issued Mining Lease granted Tier-1 Scale Mineral Resource: 138.2Mt @ 0.87% Ni – 1.2Mt Ni Ore Reserve: 52Mt at 0.78% Ni – 406,100t Ni Average Ni production first 7 y
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 One of the few high-grade undeveloped nickel sulphide deposits globally with +1Mt of contained nickel metal 9 Refer to slide 19 for
Slide 10: Jaguar – Mining Operations
Jaguar – Mining Operations Optimised 15-year open pit mine plan ► Open pit mining by Brazilian Mining Contractor ► Tailings facilities built from ex-mine waste production to reduce costs ► Minimal oxide waste strip required to access ore ► Potential significant mine life extension beyond the open pi
Slide 11: Jaguar – Approvals & Stakeholder Engagement
Jaguar – Approvals & Stakeholder Engagement Approvals Nearing Completion ● Mining Lease ISSUED ● Preliminary Licence (LP) ISSUED ● Installation Licence (LI) ISSUED ● LP and LI for power line APPROVED Land Access ● Mining Easement ISSUED – supports timely access to all areas necessary for the impleme
Slide 12: Jaguar – Offtake and Financing Process Gaining Momentum
Jaguar – Offtake and Financing Process Gaining Momentum Binding Offtake Agreement Secured Offtake ► Maiden nickel Offtake Agreement secured with Glencore AG ► Covers supply of 20,000tpa of high-grade nickel concentrate (~6,400 tpa of nickel in concentrate) ► One-third of Jaguar’s forecast production
Slide 13: Jaguar - Project Implementation Schedule
Jaguar - Project Implementation Schedule Permitting well advanced, funding now key to FID by end H1 2026 13
Slide 14: Jaguar - Financial Metrics
Jaguar - Financial Metrics Strong free cash-flow of US$169m pa (A$264m) over first 7 years US$3.84/lb LOM C1 Cash Costs (payable basis) US$4.43/lb LOM AISC (payable basis) US$1.62b Free Cash Flows Capital Payback 1.8 years (Post Tax basis, US$9/lb Ni Price) 14
Slide 15: Corporate Snapshot
Corporate Snapshot 565m (ASX:CTM, OTCQX: CTTZF) Shares on issue A$310m Market cap at A$0.55 Highly Experienced Board An experienced leadership team, clean corporate 72% Top-20 holders structure and strong balance sheet with a clear pathway to value growth as project development advances. 43.6m A$24.
Slide 16: Key Investment Takeaways
Key Investment Takeaways ► Tier-1 scale nickel asset at Jaguar ► Strong cashflow once in production ► All key environmental permits & licences in place ► First offtake agreement secured with Glencore ► Debt & equity project funding set to unlock huge value ► LOI received from BNDES for debt funding
Slide 17: Delivering the world's next major nickel sulphide mine
Delivering the world’s next major nickel sulphide mine Darren Gordon Managing Director : +61 8 6424 8420 : office@centaurus.com.au : Centaurus Metals : @CentaurusMetals
Slide 18: Jaguar Nickel Sulphide Project
Jaguar Nickel Sulphide Project August 2024 MRE & May 2025 Ore Reserve Estimates Grade Contained Metal (Tonnes) Classification* Mt Ni % Cu % Co ppm Ni Cu Co Measured 14.8 1.06 0.07 388 156,100 10,200 5,900 Indicated 97.8 0.84 0.06 246 822,800 61,100 24,000 Measured & Indicated 112.6 0.87 0.06 266 978
Slide 19: Data and references for comparison of 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 %