b'Mineral ResourcesMineral Resources as at 31 December 2024 Mineral Resources as at 31 December 2023Classification* Grade Contained Metal Grade Contained MetalMT NiCuCoNiCuCoMt NiCuCoNi (kt) Cu (kt) Co (ky)% % ppm (kt) (kt) (kt) % ppmMeasured 14.8 1.06 0.07 388 156,100 10,200 5,900 14.0 1.06 0.07 388 149,400 9,700 5,500Indicated 97.8 0.84 0.06 246 822,800 61,100 24,000 72.6 0.81 0.06 237 588,500 42,600 17,200Inferred 25.7 0.88 0.09 257 225,500 22,900 6,700 22.6 0.93 0.09 289 211,000 19,800 6,500TOTAL 138.2 0.87 0.07 262 1,204,400 94,200 36,600 109.2 0.87 0.07 268 948,900 72,300 29,200* Within pit limits cut-off grade 0.3% Ni; below pit limits cut-off grade 0.7% Ni; Totals are rounded to reflect acceptable precision; subtotals may not reflect global totals. All oxide material is considered as waste and therefore not reported as Resources. Mineral Resources are reported inclusive of Ore Reserves.The Companys Ore Reserves and Mineral Resource for its iron ore holdings are shown in the following tables.Ore ReservesProject Ore Reserves as at 31 December 2024 Ore Reserves as at 31 December 2023Classification OreOre Grades OreOre GradeTonnes TonnesJambreiro MT FeSiO 2% Al 2 O 3% PLOIMT FeSiO 2% Al 2 O 3% PLOI Iron Ore Project % % % % % %Proved 30.6 29.4 49.8 4.2 0.04 1.6 30.6 29.4 49.8 4.2 0.04 1.6Probable 12.7 28.4 49.5 4.7 0.04 2.2 12.7 28.4 49.5 4.7 0.04 2.2TOTAL 43.3 29.1 49.7 4.4 0.04 1.8 43.3 29.1 49.7 4.4 0.04 1.8*20% Fe cut-off grade applied; Mine Dilution - 2%; Mine Recovery - 98%; Mineral ResourcesMineral Resources as at 31 December 2024 Mineral Resources as at 31 December 2023Deposit Classification Grade GradeMillion FeSiO 2% Al 2 O 3% PLOIMillionFeSiO 2% Al 2 O 3% PLOI Tonnes % % % Tonnes % % %Measured 44.3 29.2 50.5 3.9 0.04 1.6 44.3 29.2 50.5 3.9 0.04 1.6JambreiroIndicated 37.7 27.5 51.1 3.7 0.04 1.7 37.7 27.5 51.1 3.7 0.04 1.7ProjectInferred 45.1 27.3 52.7 3.3 0.05 1.3 45.1 27.3 52.7 3.3 0.05 1.3TOTAL 127.1 28.0 51.4 3.7 0.05 1.5 127.1 28.0 51.4 3.7 0.05 1.5Measured 6.5 33.6 33.6 7.1 0.10 7.9 6.5 33.6 33.6 7.1 0.10 7.9CanavialIndicated 21.1 29.6 38.0 5.7 0.07 5.9 21.1 29.6 38.0 5.7 0.07 5.9Project*Inferred 27.6 30.5 37.0 6.0 0.07 6.4 27.6 30.5 37.0 6.0 0.07 6.4TOTAL 6.5 33.6 33.6 7.1 0.10 7.9 6.5 33.6 33.6 7.1 0.10 7.9Measured 2.8 33.0 48.8 1.9 0.03 0.6 2.8 33.0 48.8 1.9 0.03 0.6PassabmIndicated 36.2 30.9 54.0 0.7 0.07 0.1 36.2 30.9 54.0 0.7 0.07 0.1Project**Inferred 39.0 31.0 53.6 0.8 0.07 0.1 39.0 31.0 53.6 0.8 0.07 0.1TOTAL 2.8 33.0 48.8 1.9 0.03 0.6 2.8 33.0 48.8 1.9 0.03 0.6TOTAL COMBINED 193.7 29.0 49.8 3.4 0.05 1.9 193.7 29.0 49.8 3.4 0.05 1.9*20% Fe cut-off grade applied; ** 27% Fe cut-off grade appliedMineral Resources are reported inclusive of Ore Reserves. Totals are rounded to reflect acceptable precision; subtotals may not reflect global totals. CENTAURUS METALS LIMITED ANNUAL REPORT 21'