b'Centaurus Metals Limited and its controlled entities Financial Report 31 December 2024Centaurus Metals Limited and its controlled entities CENTAURUS METALS ANNUAL REPORT 2024 Financial Report 31 December 2024Directors ReportMr Mark D Hancock, B.Bus, CA, F Fin YourdirectorspresenttheirreportontheConsolidatedEntity(Group)consistingofCentaurusMetalsLimitedNon-Executive Director (Centaurus or the Company) and the entities it controlled at the end of, or during, the year ended 31 December 2024Independent non-executive director appointed 23 September 2011.Mr Hancock is a Company Director and consultant to together with the consolidated financial report and accompanying audit report.the resource industry with a focus on commercial advisory and commodity marketing. He has over 30 years experience in 1Directorssenior commercial and financial roles across a number of leading companies in Australia and South East Asia, including most recently spending 13 years with Atlas Iron as CFO and CCO and prior to that with oil and gas industry participants Woodside The directors of the Company at any time during or since the end of the year are:Petroleum Ltd and Premier Oil Plc. 4Mr D MurciaIndependent Non-Execu]ve ChairDuring the last three years Mr Hancock has held directorships in the following ASX listed companies: 4Mr D P GordonManaging Director 4CuFe Ltd - Executive Director, part time basis (appointed 1 September 2019) 4Mr B R ScarpelliExecu]ve Director 4Strandline Resources LtdNon-Executive Director (appointed 11 August 2020), Non-Executive Chair (appointed 23 November 2023) 4Mr M D HancockIndependent Non-Execu]ve DirectorMr Hancock is Chair of the Audit & Risk Committee. 4Mr C A BanasikIndependent Non-Execu]ve Director 4Dr N StreltsovaIndependent Non-Execu]ve DirectorMr Chris A Banasik, B.App.Sc (Physics), M.Sc (Geology), Dip Ed, GAICD All directors held their office from 1 January 2024 until the date of this report.Non-Executive Director Independent non-executive director appointed 28 February 2019. Mr Banasik is a geologist with more than 30 years 2Directors and Officersexperience across multiple disciplines and commodities. He was a founding Director of WA gold producer Silver Lake Mr Didier M Murcia, AM, B.Juris, LL.B Resources (ASX: SLR). He has held a range of senior geological and executive roles for companies including Consolidated Minerals, Reliance Nickel, and Western Mining Corporation. He has extensive experience in nickel exploration, project Non-Executive Chairdevelopment and operations, having held several geological and management positions with WMC (1986-2001). Independent non-executive director appointed 16 April 2009 and appointed Chair 28 January 2010.Lawyer with over 30Mr Banasik has not held directorships in any other ASX listed companies in the 3 year period prior to the end of the financial years legal and corporate experience in the mining industry.Mr Murcia is currently Honorary Australian Consul for theyear. United Republic of Tanzania.He is Chair and founding director of Perth-based legal group MPH Lawyers. Mr Banasik is Chair of the Remuneration CommitteeDuring the last three years Mr Murcia has held directorships in the following ASX listed companies:Dr Natalia Streltsova, MSc, PhD (Chem Eng), GAICD, MSME, MCIM 4 Alicanto Minerals LimitedNon-Executive Director (appointed 30 May 2012)Non-Executive Director 4Strandline Resources LimitedNon-Executive Chair (appointed 23 October 2014, resigned 23 November 2023) Mr Darren P Gordon, B.Bus, FCA, AGIA, ACG, MAICDIndependent non-executive director appointed 15 August 2022. Dr Streltsova is a Chemical Engineer with both an MSc and PhD. She was Program LeaderHydrometallurgy and Project Manager for WMC Resources between 2000 and 2005, working Managing Directoron a range of projects including Mt Keith and Olympic Dam; Team LeaderHydrometallurgy and Technology Development Managing Director appointed 4 May 2009. Mr Gordon is a Chartered Accountant with over 25 years resource sectorManager for BHP Billiton between 2005 and 2008; Manager Development and Technical Solutions for GRD Minproc (2008) experience as a senior finance and resources executive.He is a member of both the Governance Institute of Australia andand Director, Technical Development, for Vale SA in Brazil between 2008 and 2012. the Institute of Company Directors. He has more than 15 years experience in Brazil and has developed an extensive networkDuring the last three years Dr Streltsova has held directorships in the following ASX listed companies: of contacts within Government, the resources industry, and the broader business community in country. He has developed4Australian Potash LimitedNon-Executive Chair (appointed December 2021, resigned 2 February 2024) significant exposure to a number of different resource commodities as Managing Director of the Company and lead the4Neometals Limited - Non-Executive Director (appointed April 2016, resigned 30 June 2024) negotiations with Vale to acquire the Jaguar Project4Ramelius Resources Limited - Non-Executive Director (appointed October 2019), Chair of the Risk & Sustainability Mr Gordon was formerly Chief Financial Officer for Gindalbie Metals Limited (1999-2008).CommitteeDuring the last year Mr Gordon has held directorships in the following ASX listed companies:4Western Areas Limited - Non-Executive Director (appointed January 2017 until its takeover by IGO on 20 June 2022) 4Ordell Minerals LimitedNon-Executive Director (appointed 21 November 2022 listed public company since 17Dr Streltsova is Chair of the Technical Committee.July 2024)Mr Johannes W Westdorp, B.Bus, CPA, MAICD, GradDip App Sc Mr Bruno R Scarpelli, M.Sc., PMPChief Financial Officer & Company Secretary Executive DirectorMr Westdorp was appointed as Chief Financial Officer on 11 November 2019 and Company Secretary on 15 January 2020. Executive Director appointed 3 September 2015. Mr Scarpelli is an engineer with over 15 years experience in the miningMr Westdorp is a Certified Practicing Accountant. He was previously Chief Financial Officer and Company Secretary of sector,specificallyintheenvironmentalapprovals,healthandsafetyandhumanresourcesfields.HewasformerlyCentaurus between 2012 and 2015. He has over 30 years experience in the resources sector and has held the roles of Chief environmental manager for Vales world class S11D Iron Ore Project. Financial Officer and Interim Chief Executive Officer of mineral sands producer, MZI Resources Ltd and senior roles with Murchison Metals Ltd and Burrup Fertilisers Pty Ltd. He has financial, commercial and operations experience across a Mr Scarpelli has not held directorships in any other ASX listed companies in the 3 year period prior to the end of the financialnumber of commodities including iron ore, gold, base metals and mineral sands. year. Mr Scarpelli is Administrator of Centaurus Brazilian subsidiaries and the Country ManagerBrazil.Page 3 of 60 Page 4 of 6028 ANNUAL REPORT CENTAURUS METALS LIMITED'