Centaurus Metals (CTM) RRS Gold Coast 2025 summary

Project highlights and resource update

• Jaguar Nickel Sulfide Project acquired in 2020, now hosts 138 million tonnes at 0.9% nickel, totaling 1.2 million tonnes of contained nickel metal, making it a world-class deposit.

• Over 180 kilometers of drilling completed, doubling the resource since acquisition, with the deposit remaining open at depth for further expansion.

• Recent study confirms a 15-year open pit mine life with a low all-in sustaining cost of $4.40 per pound.

• Project is shovel-ready with environmental licenses secured and mining lease technically approved, pending final government sign-off.

• Strategic partnering and offtake discussions underway, with resolution expected by the first half of next year.

Economic and operational advantages

• All-in sustaining cost of $4.40/lb positions the project in the first quartile globally, ensuring profitability even at current nickel prices of $7/lb.

• Project expected to deliver 22,000 tons of nickel in concentrate annually for the first seven years, ranking among the top global producers.

• Net present value exceeds $1 billion, with capital payback in under two years and annual free cash flow of $100–170 million depending on nickel price.

• $25 million recently raised, providing sufficient cash to reach final investment decision.

• Feasibility study based on $9/lb nickel price, but project remains profitable at lower prices.

Strategic location and infrastructure

• Located in Brazil’s Carajás region, benefiting from established infrastructure, skilled local workforce, and proximity to major mining operations.

• 75% of required land already owned, with most infrastructure sited on farmland, minimizing resettlement needs.

• Supported by low-cost Brazilian renewable power ($0.03–$0.05/kWh), further reducing operating costs.

• 2% royalty on nickel, with 65% returned to the local community, fostering strong local support.

• 15% tax rate for the first 10 years under Sudene regional incentives, nearly half the rate of comparable Australian projects.