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About Centaurus Metals

Centaurus Metals Limited (ASX: CTM/OTCQX: CTTZF) is an Australian-based minerals exploration company focused on the near-term development of the Jaguar Nickel Sulphide Project, located in the world-class Carajás Mineral Province in Northern Brazil – one of the world’s premier mining addresses. Centaurus completed its acquisition of the Jaguar Project from global mining giant, Vale S.A, in April 2020, delivering the Company with an exceptional exploration, growth and development opportunity in the international nickel sulphide sector. Following completion of the acquisition, Centaurus immediately commenced a major drilling program, and has since defined a global Mineral Resource Estimate (MRE) totalling 109.2Mt @ 0.87% Ni for 948,900 tonnes of contained nickel, confirming Jaguar as one of the largest nickel sulphide resources held by an ASX-listed company and the largest outside of the major mining companies. The success of the in-fill resource development program completed resulted in a 105% increase in the Measured & Indicated component of the Resource to 86.6Mt @ 0.85% Ni for 737,800 tonnes of contained nickel, representing more than 77% of the Global MRE. This resource will underpin the maiden Ore Reserve Estimate and Definitive Feasibility Study (DFS) due for completion in Q4 2023. Centaurus also holds the development-ready Jambreiro Iron Ore Project, where a July 2019 Pre-Feasibility Study confirmed low costs and strong economics for a 1Mtpa iron ore mining operation.