Centaurus Metals Delivers Strong Economics from Jaguar Feasibility Study
THE BOURSE WHISPERER: Centaurus Metals (ASX: CTM) has completed a Feasibility Study looking into development of the company’s 100 per cent-owned Jaguar nickel sulphide project in the Carajás Mineral Province of northern Brazil.
Centaurus Metals reported the outcomes of the Jaguar Feasibility Study demonstrate the potential for Jaguar to become a sustainable, long-term and low-cost producer of low-emission nickel for global markets, generating strong financial returns while also delivering social and economic benefits for local communities.
The company claims Jaguar as currently being one of the largest undeveloped nickel sulphide projects globally and a highly strategic potential source of unencumbered nickel concentrate product, particularly for the EV battery supply chain.
The Feasibility Study only took into account the mining of open pit nickel sulphide ore over an initial 18-year mine life, delivering nickel sulphide feed to a 3.5 million tonnes per annum conventional nickel flotation plant to produce approximately 18,700 tonnes of recovered nickel metal per year at a low life-of-mine (LOM) C1 operating cost of US$2.30/lb and AISC of US$3.57/lb, on a contained nickel basis.
“The compelling economics and forecast financial returns outlined in the Study confirm Jaguar’s outstanding fundamentals and our long-standing belief that we have one of the world’s best new nickel sulphide projects, both from an economic and sustainability perspective,” Centaurus Metals managing director Darren Gordon said in the company’s ASX announcement.
“The Study shows that Jaguar has a clear pathway to development, forming the cornerstone of our strategy to build a Brazilian strategic minerals business to benefit our shareholders, our people and the communities where we operate.
“The delivery of the Jaguar Feasibility Study puts us firmly on a path to achieve this vision, with compelling economics and ESG credentials that will be highly sought after as the world continues to transition to electrification.
“The Feasibility Study shows a project which yields outstanding financial and economic returns while at the same time delivering significant social benefits to our local communities over a long period of time.”
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