Centaurus Metals LimitedASX: CTM

Drilling Results - Itambe Iron Ore Project

· Issued by Centaurus Metals Limited

Filed with ASX · · 4 pages · English

Summary by 6ix AI

Centaurus Metals Limited has announced the results of its recent drilling program at the Itambé Iron Ore Project, aimed at updating the resource estimate and conducting beneficiation tests. The drilling program confirmed the high-grade nature of the itabirite mineralisation and is expected to lead to a new JORC resource estimate within a few weeks. Significant intersections from the drilling include multiple high-grade intervals of iron mineralisation, enhancing the understanding of the geological model for the project. The company plans to deliver production of high-grade hematite to the local Brazilian steel industry by the end of the specified timeframe.

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