THE DRILL SERGEANT: Centaurus Metals has made further inroads towards becoming a global nickel sulphide developer at the company’s 100 per cent-owned Jaguar nickel sulphide project in the Carajás Mineral Province of northern Brazil.
Centaurus hit the market with the announcement of an updated JORC 2012-compliant Indicated and Inferred Mineral Resource Estimate (MRE) of 58.6 million tonnes at 0.95 per cent nickel for 557,800 tonnes of contained nickel for the Jaguar project.
“This reinforces the quality of the Jaguar project as a globally significant, near-surface nickel sulphide deposit with outstanding potential for continued growth,” Centaurus Metals managing director Darren Gordon said.
“It is also a fitting reward for the efforts of our exploration team, who have done a great job in advancing our drill programs.”
Broken down, the MRE update included a 50 per cent increase to the Indicated component of the Resource, which now sits at 19.9 million tonnes at 1.12 per cent nickel for 223,400 tonnes of contained nickel, with this Indicated component now representing 40 per cent of the global MRE.
Of note, the grade of the Indicated component is almost 20 per cent higher than the global MRE grade, demonstrating the quality of this higher geological confidence mineralisation to support early payback in any future mining operation at Jaguar.
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