Slide 1: Jaguar Value-Add Scoping Study: Plugging directly into the global lithium-ion battery boom
Jaguar Value-Add Scoping Study: Plugging directly into the global lithium-ion battery boom Developing a long-life, clean energy nickel project in the heart of Brazil’s premier Carajás Mineral Province Investor Update │ May 2021 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: 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 4: A New Era of Nickel Sulphide Demand
A New Era of Nickel Sulphide Demand The looming clean energy revolution ● Current nickel market size ~2.5Mtpa ● Nickel demand for batteries growing strongly but from a low base – still only 145,000tpa or 6% of market ● Depending on the scenario for the EV rate of adoption, nickel volumes to meet thi
Slide 5: A compelling nickel investment for a clean energy future
Centaurus Metals A compelling nickel investment for a clean energy future JORC Mineral Resource Post Tax NPV8 Low C1 Cash Costs Payback – after tax 58.9Mt @ 0.96% Ni A$1.11 billion US$3.29/lb Ni 1.8 years 562,600t Ni Metal with IRR of 52% Total Revenue Development Capital Mill Feed High Operating Ca
Slide 6: Investing in downstream processing adds significant value
Centaurus Metals Investing in downstream processing adds significant value Total Revenue Post Tax NPV8 Mill Feed Base 24.0Mt @ 1.08% Ni for US$2.42 A$604 Cash Operating Margin Case: 260,300t Ni billion million US$2.74/lb Ni Metal with IRR of 54% @ US$7.50/lb Ni price & 75% Payability Total Revenue M
Slide 7: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province Jaguar Nickel Sulphide Project 58.9Mt at 0.96% Ni Inc. 20.0Mt at 1.56% Ni The Carajás contains one of the globes largest known concentrations of large-tonnage World-Class mineral deposits 7
Slide 8: Outstanding infrastructure and logistics
Brazil’s Carajás Mineral Province Outstanding infrastructure and logistics ● High-Voltage (138kV) grid power 40km line from Tucumã to site ● Brazil’s national power grid runs on +80% renewables ● Low cost, clean power – less than US$0.10/kWh ● Project located 40km north of Tucumã and Ourilândia do N
Slide 9: A large-tonnage, high-quality resource at surface
Jaguar Project – Resource A large-tonnage, high-quality resource at surface JORC Mineral Resource Estimate: 58.9Mt @ 0.96% Ni for 562,600 tonnes of contained nickel metal Global: 3.7Mt at 1.58% Ni for 57,800t contained Ni ● JORC MRE based on +74,000m High-grade: 3.0Mt at 1.74% Ni of diamond drilling
Slide 10: Low-cost open pit & underground operations
Jaguar Project – Mining Low-cost open pit & underground operations Production Target: 45.0Mt @ 0.80% Ni for 361,700t of contained Ni over initial ~13-year LOM ● Independent Mining & Geotech studies were completed by Entech (Australia) & ReMetallica (Brazil) ● +75% of mill feed from open pit ● LOM st
Slide 11: Value-Add – nickel sulphate plant to treat 2.7Mtpa
Jaguar Project – Processing Plant Value-Add – nickel sulphate plant to treat 2.7Mtpa ● Study Partners Concentration ● DRA Global – Independent plant engineering ● ALS – Metallurgical testwork ● Steinert – ore sorting pilot tests ● Ore Sorting Testwork ● 0.47% Ni feed upgraded to 1.09% Ni with a 25%
Slide 12: Targeting world's best-practice tailings & emissions management
Jaguar Project – Environmental Credentials Targeting world’s best-practice tailings & emissions management ● Tailings storage conceptual study completed by industry expert Chris Lane. Integrated Waste Landform (IWL) chosen as tailings solution ● Optimises use of mine waste; and ● Highest safety fact
Slide 13: Environmental licensing advancing well
Jaguar Project – Approvals and Land Access Environmental licensing advancing well Environmental Approvals On-Track ● Significant amount of environmental data historically collected by Vale available for use by CTM in approval process ● 100% of wet and dry season data collected for use in EIA/RIMA wo
Slide 14: Building relationships now and for the future
Jaguar Project – Responsible Exploration & Mining Building relationships now and for the future Social Programs Implemented ● Social programs underway with local municipalities where the Company operates, currently focused on health and water quality ● Partnership in place with municipalities to upg
Slide 15: Jaguar Project Targeted Development Timeline
Jaguar Project Targeted Development Timeline Q3/2023 – Formal Decision to Mine Q4/2022 – Definitive Feasibility Study Q4/2021 and Q2/2022 – MRE Resource Upgrade Q2/2021 – Lodge Key Environmental Licence Q1/2021 – MRE Upgrade & Scoping Study Results 15
Slide 16: Proceeding Straight to DFS
Jaguar Project – Proceeding Straight to DFS Robust project with plenty of project development & Ni price upside Project Development Opportunities Post Tax NPV8 Refine local based A$1.11 billion CAPEX & OPEX with IRR of 52% estimates Mine Schedule Process Route optimisation by-product opportunities H
Slide 17: 65km of development & growth drilling underway
Jaguar Project – Resource Growth and Upside 65km of development & growth drilling underway Onça Deposits Resource Development & Growth 20km of in-fill and extensional drilling 15km of step-out drilling 5km of geotechnical & metallurgical drilling Jaguar Deposits +3.0km Greenfields Growth Drilling 25
Slide 18: Deep plumbing system remains open and untested
Jaguar Project – Resource Growth and Upside Deep plumbing system remains open and untested JAG-DD-20-104 – 195.3m to 207.4m down-hole 12.1m at 5.38% Ni, within 30.8m @ 3.30% Ni 250m 300m Untested Untested DHEM to drive deep massive sulphide discoveries 18
Slide 19: Near-mine greenfields exploration upside
Jaguar Project – Resource Growth and Upside Near-mine greenfields exploration upside 25,000m Greenfields RC drill program underway ● +10 untested prospects ● Coincident targets from ● GeoTEM ● Fixed Loop EM ● Ground Mag ● Geochem ● FLEM & DHEM – ongoing ● Soil sampling & mapping – ongoing Targeting
Slide 20: Corporate Summary
Corporate Summary Capital Structure May 2021 Substantial Shareholders Proforma Shares on Issue - Post Exercise of 31/5/21 Options 357.2m Sprott Inc. 10.6% McCusker Holdings Pty Ltd 9.3% Unlisted Options 12.0m Dundee Corporation 5.1% Top 20 Holders 64% Terrativa Minerais 4.8% Board and Management 4.0
Slide 21: Key investment takeaways
Centaurus Key investment takeaways ● Nickel focus – sustainable high-grade nickel sulphide asset leveraged to strong long-term Class-1 nickel market outlook ● Favourable infrastructure-rich project location – the world-class Carajás Mineral Province ● Globally Significant Maiden JORC Resource – 58.9
Slide 22: Contact us
Jaguar Value-Add Scoping Study: Plugging directly into the global lithium-ion battery boom Investor Update│ May 2021 Darren Gordon, Managing Director Contact us office@centaurus.com.au.au (+61) 8 6424 8420 Follow our communications: : Centaurus Metals : @CentaurusMetals 22
Slide 23: March 2021 JORC MRE & May 2021 Production Target
Centaurus March 2021 JORC MRE & May 2021 Production Target Resource Tonnes Grade Contained Metal kt Material Resource Ore Ni Metal Deposit Mining Method Ni % Category Mt Ni % Cu % Co ppm Ni Cu Co Type Category Mt kt IND 7.4 1.19 0.06 239 87.4 4.2 1.8 Open Pit High-grade IND 12.8 1.09% 140.2 Jaguar S