Centaurus Metals (CTM) H1 2025 earnings summary

Executive summary

• Report covers the half-year ended 30 June 2025, highlighting active project development and exploration in Brazil.

• Major focus on the Jaguar Nickel Sulphide Project, Boi Novo Copper-Gold Project, and Jambreiro Iron Ore Project.

• Jaguar Project's Value Engineering Study confirmed robust economics and low cost positioning.

• Jambreiro Project awarded priority status for its decarbonisation potential in steelmaking.

• No lost time injuries reported over 36 months, with strong ESG and local community initiatives.

Financial highlights

• Net loss for the half-year was $9,457,991, up from $8,451,426 in the prior year.

• Exploration expenditure was $6,816,821, down from $8,238,858 year-over-year.

• Net cash balance at period end was $9,071,414, compared to $18,043,388 last year.

• Net assets stood at $27,590,327, down from $35,428,544 year-over-year.

• Basic and diluted loss per share was 1.92 cents, compared to 1.71 cents in the prior year.

Outlook and guidance

• Institutional placement in August 2025 raised $20 million to fund Jaguar development, Boi Novo exploration, and working capital.

• Additional $3 million targeted via share purchase plan.

• Ongoing strategic partnering and debt funding for Jaguar Project ahead of final investment decision.

• Jambreiro Project permitting expected to accelerate due to priority status.