Centaurus Metals (CTM) Investor presentation summary

Project overview and strategic positioning

• Advancing a large-scale nickel sulphide project in Brazil with a 138.2Mt resource and 52Mt ore reserve, targeting a 15-year open pit operation and significant upside potential.

• All key environmental permits and mining licences have been secured, with strong government support and a favorable 15% tax rate under the SUDAM program.

• The project is located in the Carajás Mineral Province, a globally significant mining region with established infrastructure and proximity to major mines.

• The company maintains a clean corporate structure, strong balance sheet, and experienced leadership, with 72% of shares held by the top 20 holders.

Operational and financial highlights

• Life-of-mine AISC is US$4.43/lb Ni, placing the project in the first quartile of global cost curves, with low upfront capex of US$380M.

• Average annual nickel production is projected at 22,600t for the first 7 years, with a 70% process recovery rate and 3.5Mtpa plant throughput.

• Post-tax NPV is US$735M with a 34% IRR and capital payback in 1.8 years; LOM post-tax operating cash flow is US$2.0B.

• Strong free cash flow of US$169M per year is expected over the first 7 years of operation.

ESG and stakeholder engagement

• The project boasts class-leading ESG credentials, with a low carbon footprint of 6.54t CO2 per tonne of nickel and over 80% renewable power usage.

• Local workforce training and supplier development programs are underway, with land access secured for all key project areas.

• Tailings facilities are designed to use ex-mine waste, reducing costs and environmental impact.