Centaurus Metals (CTM) investor relations material

Project development and milestones

• Significant progress made over the past 12 months, including securing mining lease, environmental approvals, and power line connection.

• Basic engineering completed; detailed design and early infrastructure work underway.

• Appointment of experienced local project director, Thiago Costa, to lead construction and team building.

• High-voltage power connection approved and key construction personnel appointed.

• Community partnerships and local supplier development initiatives in progress.

Financials and funding

• Project supported by incentives from the state of Pará and federal tax benefits, including a 15% tax rate upon operation.

• Debt financing process is advanced, with credit-approved term sheets expected by end of September and multiple non-binding debt proposals up to $320M, including a $190M LOI from Brazil's National Development Bank.

• Secured a 5-year, $450M nickel offtake agreement with Glencore, covering about one-third of forecast production.

• $23M capital raised to support project development and financing.

• Additional offtake agreements and equity funding to be finalized before construction begins.

Market and operational context

• Nickel market has faced challenges due to Indonesian supply, but recent regulatory changes and cost increases in Indonesia are improving market conditions.

• Project benefits from Brazil's established mining culture, strong government support, and renewable energy infrastructure, with 80% renewable power.

• The Carajás region is a major mining hub with robust infrastructure and a skilled workforce.

• The project will produce a high-grade nickel concentrate (about 30% nickel), leveraging unique millerite mineralogy for efficient logistics.

• Community engagement and job creation are central to project advancement.