Centaurus Metals (CTM) H1 2026 earnings summary

Executive summary

• Reported a consolidated net loss of $6.7 million for the half-year ended 30 June 2026, a significant improvement from a $9.5 million loss in the prior year period.

• Major progress achieved at the Jaguar Nickel Sulphide Project in Brazil, including engineering, financing, and early-stage development milestones.

• Encouraging exploration and pilot plant results at Boi Novo Copper-Gold and Jambreiro Iron Ore Projects, respectively.

Financial highlights

• Net loss for the half-year was $6,722,832, down from $9,457,991 year-over-year.

• Exploration expenditure reduced to $4,033,112 from $6,816,821 year-over-year.

• Net cash balance at period end was $17,498,772, compared to $24,577,181 at the prior year end.

• Net assets stood at $41,372,529, down from $45,058,256 at 30 June 2025.

• Basic and diluted loss per share improved to (1.19) cents from (1.92) cents year-over-year.

Outlook and guidance

• Focus remains on advancing the Jaguar Nickel Project towards a Final Investment Decision (FID), supported by strong interest from financiers and a binding offtake agreement.

• Further exploration and drilling planned at Boi Novo and Rio Novo, with new campaigns scheduled for H2 2026.

• Continued evaluation of monetisation pathways for the Jambreiro Iron Ore Project, with positive pilot plant results supporting potential DR pellet feed production.