Centaurus Metals (CTM) Q2 2026 TU earnings summary

Executive summary

• Advanced project financing for the Jaguar Nickel Sulphide Project, with non-binding debt offers up to US$320 million and a Final Investment Decision (FID) targeted for end of Q3 2026.

• Basic engineering completed and transitioned to Brazil; key project director and senior team appointments made.

• Environmental and grid connection approvals secured; state tax incentives granted to support project economics.

• Boi Novo Copper-Gold Project exploration identified multiple large copper-in-soil anomalies and delivered high-grade drill results.

• Cash balance at 30 June 2026 was A$17.5 million.

Financial highlights

• Cash and cash equivalents at quarter end: A$17.5 million, down from A$21.6 million in the previous quarter.

• Net cash used in operating activities for the quarter: A$3.0 million.

• Net cash used in investing activities: A$1.68 million, mainly for mine properties in development and security deposits.

• Net cash from financing activities: A$0.61 million, primarily from exercise of options.

Outlook and guidance

• FID for Jaguar Project expected by end of Q3 2026, contingent on securing credit-approved debt terms.

• Drilling at Boi Novo to recommence in Q3 2026, incorporating new Rio Novo targets.

• Ongoing offtake and equity funding discussions to support project development.