Slide 1: Delivering the World's next major nickel sulphide mine
Delivering the World’s next major nickel sulphide mine Advancing the Jaguar Project in Brazil to FID and development
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 Project Funding set to unlock huge value at Jaguar ► Tier-1 scale 138.2Mt Mineral Resource (1.2Mt of contained nickel) and 52Mt Ore Reserve, with significant upside potential beyond the initial open pit operations ► One of the world’s most significant new nickel mine developments
Slide 4: Jaguar – Nickel Price vs AISC
Jaguar – Nickel Price vs AISC LME Nickel Price US$/lb 30.0 Centaurus hasn’t been waiting for the cycle to turn - but rather significantly 25.0 derisking the project in advance of the anticipated market improvement 20.0 15.0 Jaguar Acquired 10.0 5.0 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14 Ja
Slide 5: Jaguar – Nickel Price vs AISC
Jaguar – Nickel Price vs AISC LME Nickel Price US$/lb 9.0 This improvement has been delivered over the last 6 weeks as Indonesia has moved to curb supply and support higher nickel 8.0 prices 7.0 6.0 5.0 4.0 3.0 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-2
Slide 6: Corporate Snapshot
Corporate Snapshot 563m (ASX:CTM, OTCQX: CTTZF) Shares on issue A$355m Market cap at A$0.63 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 7: Brazil – Highly Favourable Mining Jurisdiction
Brazil – 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 Prelimina
Slide 8: 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 8
Slide 9: A New Global Nickel Sulphide Powerhouse
A New Global Nickel Sulphide Powerhouse Large-scale, long-life project moving to FID 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 yea
Slide 10: 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 11: 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 and completely unencumb
Slide 12: 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 13: 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$4.43 (Payable Basis) ~US$0.04/kWh grid powered – powered by +80% by renewables Conventional open-cut mining and processing 13 Sources: Wood Mackenzie 2024 All-in-S
Slide 14: Jaguar - Site Layout
Jaguar - Site Layout Optimised site layout utilising natural topography and reducing costs 14
Slide 15: Jaguar - Process Flowsheet
Jaguar - Process Flowsheet Process plant to produce very high-grade nickel concentrate ROM CRUSHING AND RECLAIM GRINDING ► 3.5Mpta process plant design Feed Pebble Crusher Crushed Ore ► Conventional comminution circuit (single Jaw Stockpile stage jaw crusher followed by a SAG and Ball Crusher mill c
Slide 16: Jaguar - Production Profile
Jaguar - Production Profile Globally significant project delivering 22.6ktpa of Ni over first 7 years 3.5 Mtpa Conventional Process Plant 18,700tpa LOM Avg Annual Production 70% Avg Process Recovery 16
Slide 17: 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) 17
Slide 18: Jaguar - Project Funding Overview
Jaguar - 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 • Offtake and Strategic Partnering Process ongoing supported by the • Debt funding discussions ongoing
Slide 19: Jaguar - Project Implementation Schedule
Jaguar - Project Implementation Schedule Permitting well advanced, funding now key to FID by end H1 2026 19
Slide 20: Boi Novo Copper-Gold Project
Boi Novo Copper-Gold Project Emerging copper- gold discovery in the Carajás 20
Slide 21: Brazil's Carajás Mineral Province
Brazil’s Carajás Mineral Province A Tier-1 global mining province – “land of the giants” Located 35km from Vale’s concentrate rail load-out facility and 20km from BHP’s Antas Norte Cu flotation plant 21
Slide 22: Boi Novo Project – Copper-Gold Exploration
Boi Novo Project – Copper-Gold Exploration The Carajás is the world’s premier IOCG address ► Project footprint recently expanded with acquisition of Rio Diamond drill rig is on site with FLEM and initial Novo tenure, immediately north of Boi Novo surface exploration underway on new tenure ► Drilling
Slide 23: 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 ► Debt & Equity Project Funding set to unlock huge value ► Closing-in on a Final Investment Decision ► Class-leading carbon footprint ► Emerging gro
Slide 24: 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 25: 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 26: Data and references for global nickel sulphide deposit comparison
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 %