Centaurus Metals Limited · ASX:CTM
Centaurus Metals — RIU Sydney Resources Roundup May 2021
21 slides from Centaurus Metals's conference presentation, May 2021
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 RIU Sydney Resources Roundup │ 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: 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 compelling nickel investment for an inevitable clean energy future
Centaurus Metals A compelling nickel investment for an inevitable clean energy future Infrastructure rich, Post Tax NPV8 Payback – after tax World-class Low C1 Cash Costs A$604 Million 1.9 years Carajás Mineral US$2.41/lb Province, Brazil with IRR of 54% JORC Mineral Resource Mill Feed Total Revenue
Slide 5: 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 6: Outstanding infrastructure and logistics
Brazil’s Carajás Mineral Province Outstanding infrastructure and logistics Jaguar Nickel Sulphide Project 58.9Mt at 0.96% Ni Inc. 20.0Mt at 1.56% Ni ● 40km north of Tucumã and Ourilândia do Norte (pop ~70,000) – skilled workforce ● High-Voltage (138kV) grid power to be accessed from Tucumã sub-stati
Slide 7: 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 ● JORC MRE based on +74,000m Global: 3.7Mt at 1.58% Ni for 57,800t contained Ni of diamond drilling High-grade: 3.0Mt at 1.74% N
Slide 8: Low-cost open pit & underground operations
Jaguar Project – Mining Low-cost open pit & underground operations Production Target: 32.8Mt @ 0.84% Ni for 275,600 tonnes of contained nickel over initial 10 year mine life ● Independent Mining & Geotech studies were completed by Entech (Australia) & ReMetallica (Brazil); ● +80% of mill feed from o
Slide 9: Processing Plant
Jaguar Project – Processing Plant Base Case – Conventional flotation plant to treat 2.7Mtpa ● Study Partners ● DRA Global - Independent plant engineering ● ALS - Metallurgical testwork ● Steinert - ore sorting pilot tests ● Pre-concentration ore-sorter stage to process low-grade material (~12Mt) ● P
Slide 10: World's best-practice tailings management
Jaguar Project – Non-Processing Infrastructure World’s best-practice tailings management Onca Pits ● Tailings storage conceptual study completed by industry expert Chris Lane (L&MGSPL) Integrated Waste Landform ● Integrated Waste Landform (IWL) chosen as Waste deposits Tailings storage solution as t
Slide 11: Scoping Base Case Study Results
Jaguar Project Scoping Base Case Study Results Real value from a high-grade sustainable operation Base Case Scoping Study: Open pit and underground mining delivering ore to a 2.7Mtpa conventional nickel flotation plant Post Tax NPV8 Nickel in Total Revenue 25.0 21.7 Concentrate A$604 Million 20.9 21
Slide 12: 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 • POx testing at ALS delivered excellent results - extractions of nickel, copper a
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 for use by CTM in approval process ● 100% of wet and dry season data collected for use in EIA/RIMA work ● Major
Slide 14: Targeted Development Timeline
Jaguar Project Targeted Development Timeline Q3/2023 – Formal Decision to Mine Q4/2022 – Definitive Feasibility Study Q1/2022 – Pre-Feasibility Study Q2/2021 – Lodge Key Environmental Licence Q1/2021 – MRE Upgrade & Scoping Study Results 14
Slide 15: 65km of development & growth drilling underway
Jaguar Project – Growth and Upside 65km of development & growth drilling underway Resource Development & Growth 20km of in-fill and extensional drilling 15km of step-out drilling 5km of geotechnical & metallurgical drilling Greenfields Growth Drilling 25km drill program now underway 15
Slide 16: Deep plumbing system remains open and untested
Jaguar Project – 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, 0.31% Cu and 0.09% Co 250m 300m OPEN Untested Untested DHEM to drive deep massive sulphide discoveries 16
Slide 17: Near-mine greenfields exploration upside
Jaguar Project – 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 new disco
Slide 18: Corporate Summary
Corporate Summary Capital Structure April 2021 Substantial Shareholders Sprott Inc. 10.6% Shares on Issue 333.1m McCusker Holdings Pty Ltd 9.3% Listed Options (EP $0.18, Exp 31/5/21) 24.1m Terrativa Minerais 5.2% Unlisted Options 13.1m Dundee Corporation 5.1% Top 20 Holders 62.9% Board and Managemen
Slide 19: 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 20: Contact us
Jaguar: a globally significant nickel sulphide project for a clean energy future RIU Sydney Resources Roundup │ May 2021 Darren Gordon, Managing Director Contact us office@centaurus.com.au.au (+61) 8 6424 8420 Follow our communications: : Centaurus Metals : @CentaurusMetals 20
Slide 21: March 2021 JORC MRE & Scoping Study Production Target
Centaurus March 2021 JORC MRE & Scoping Study 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 11.5 1.11% 127.1 Jag
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