b'Centaurus Metals Limited and its controlled entities Financial Report 31 December 2024As a result of this decision, the Jambreiro DRPF Project is understood to be a project that is critical to the decarbonisation of the steel industry and will now receive the same fast-tracked permitting treatment as a number of lithium projects located in the Minas Gerais Lithium Valley. 4.6.1Project Approvals The new LP for the Jambreiro Project is expected in H1 2025. As the project had already been licensed in 2013 and significant environmental improvements were implemented in the project design, including the removal of the tailings dam, the Company expects no issues with the new approvals process. 4.7Key ESG Initiatives Duringthereportingperiod,Centauruspublishedits2023SustainabilityReport,whichoutlinedtheCompanyskey sustainability initiatives and performance over the 2023 calendar year and its goals for the years ahead. A Sustainability Report is being prepared for 2024 year. 4.7.1Occupational Health & Safety At the end of the reporting period, the Company worked more than 181,575 hours in the last 12 months and had achieved 30 months without an LTI. The 12-month reportable injury frequency rate at year-end was 0 and the 12-month severity rate was also 0. 4.7.2GHG Emissions A review of the Jaguar Projects carbon footprint during the reporting period by specialist metals and mining ESG research company, Skarn Associates, has confirmed that the Project continues to demonstrate its credentials as one of the worlds foremost nickel projects in terms of its carbon footprint, putting it in a strong position to attract strategic investment from potential partners seeking new supply of nickel concentrate. The results of this study continue to demonstrate that the Jaguar Project, once in production, is expected to be class-leading in terms of its carbon footprint, reflecting its unique attributes as a high-grade, open-pittable nickel sulphide project powered by 100% renewably sourced energy which will be distributed by the 230kV national power grid in Brazil. The estimated E1 (Scope 1 + Scope 2 + freight + downstream) Green House Gas (GHG) emissions for Jaguar are forecast to be low at 7.27 tonnes of CO2/tonne of nickel equivalent for the proposed production and external downstream processing of a nickel concentrate product, with this life-of-mine CO2 footprint assessed to be lower than 94% of global nickel production, once in production The assessed emission levels will be 85% lower than the industry average (production weighted) of 48.6 tonnes of CO2/t of nickel equivalent5 (assessed for the 2023 year). 4.7.3Local Community Support Plan Local Workforce Training ProgramsDuring the reporting period, the Company launched the Empower Jaguar Program Capacita Jaguar training programs in conjunction with the Brazilian industry training college (SENAI). Centaurus anticipates training over 1,500 people in various trades that will allow them to be able to seek employment once construction of the Jaguar Project commences. By the end of the reporting period, three training courses, to support the roles of Administrative Assistant, Construction Assistant and Electrician were completed. The Company also commenced the Jaguar Partners Program Parceiros do Jaguar, offering two courses to local suppliers that could allow them to provide goods and services to the Jaguar Project. Strong participation across all course locations demonstrated their strong interest in working with Centaurus.5ASX Announcement 26 March 2024. Page 10 of 60CENTAURUS METALS LIMITED ANNUAL REPORT 35'