Centaurus Metals (CTM) Q1 2025 TU earnings summary

Executive summary

• Installation Licence granted for Jaguar Nickel Sulphide Project, enabling construction to commence upon funding and FID.

• Jaguar Project selected for the Climate and Ecological Transformation Investment Platform, highlighting ESG credentials.

• Jambreiro Iron Ore Project awarded priority status by Minas Gerais, expediting permitting for high-grade DRPF product.

• Boi Novo Copper-Gold Project delivered high-grade copper intersections, expanding mineralisation zones.

• Cash balance at 31 March 2025 was A$13.4 million.

Financial highlights

• Cash and cash equivalents at quarter-end: A$13.4 million, down from A$18.0 million at previous quarter-end.

• Net cash used in operating activities for the quarter: A$4.8 million.

• Exploration and evaluation expenditure: A$3.95 million for the quarter.

• Payments to related parties during the quarter totaled A$490,000.

Outlook and guidance

• Jaguar Project construction to commence post-FID and funding, with Mining Lease expected in coming months.

• Strategic partnering process ongoing for Jaguar, with concentrate samples distributed to potential off-takers.

• Jambreiro DRPF pilot work to begin in June quarter, supporting off-take discussions.

• Boi Novo drilling results pending, with further drilling planned after geophysical surveys.