b'Centaurus Metals Limited and its controlled entitiesCentaurus Metals Limited and its controlled entities CENTAURUS METALS ANNUAL REPORT 2024Financial Report 31 December 2024Financial Report 31 December 202425.4Currency RiskNote 27.Group Entities The Group is exposed to currency risk on purchases that are denominated in currency other than the respective functionalOwnership interest currencies of the Group entities, primarily the Australian dollar (AUD) and Brazilian Real (BRL).The currencies in which theseCountry of Incorporation2024 2023transactions are primarily denominated are AUD and BRL.Parent Entity The Groups investments in its Brazilian subsidiaries are denominated in AUD and are not hedged as those currency positionsCentaurus Metals LimitedAustralia100%100% are considered to be long term in nature.Subsidiaries 25.5Interest Rate Risk ProfileCentaurus Resources Pty LtdAustralia100%100% At the reporting date the interest rate profile of the Groups interest-bearing financial instruments was:San Greal Resources Pty LtdAustralia100%100% Itapitanga Holdings Pty LtdAustralia100%100% 2024 $2023 $Centaurus Brasil Minerao LtdaBrazil100%100% Fixed rate instrumentsCentaurus Pesquisa Mineral LtdaBrazil100%100% Financial assets13,000,00030,000,000Centaurus Gerenciamento LtdaBrazil100%100% Variable rate instrumentsCentaurus Niquel Ltda Brazil100%100% Financial Assets4,824,7764,255,125Itapitanga Minerao LtdaBrazil100%100% 17,824,77634,255,125 25.6Fair Value Sensitivity Analysis for Fixed Rate Instruments Note 28.Parent Entity Disclosures The Group does not account for any fixed rate financial assets at fair value through profit or loss. Therefore, a change in2024 $2023 $ interest rates at the reporting date would not affect profit or loss or equity. Results of the Parent Entity 25.7Cash Flow Sensitivity Analysis for Variable Rate InstrumentsLoss for the period(1)(21,655,368)(40,019,748) Total comprehensive loss for period(21,655,368)(40,718,748) A change of 100 basis points in interest rates at the reporting date would have increased/(decreased) equity and profit or(1)During the year ended 31 December 2024 the parent entity provided for an impairment of $12,000,000 (2023: $25,000,000) (relating loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency rates remainto loans to subsidiaries based on an assessment of recoverability). constant. The analysis for 2023 was 125 basis points.2024 $2023 $ Profit or LossEquityFinancial Position of the Parent Entity at Year End IncreaseDecreaseIncrease DecreaseCurrent assets16,199,27834,531,143 31 December 2024Non- current assets(1)21,534,95222,695,440 Variable rate instruments 26,834(26,834)Total assets37,734,23057,226,583 Cash ow sensi]vity (net)26,834(26,834) 31 December 2023Current liabili]es2,207,8262,186,615 Variable rate instruments 33,876(33,876)Non-current liabili]es712,55687,760 Cash ow sensi]vity (net)33,876(33,876)Total liabili]es2,920,3822,274,375 25.8Capital ManagementNet assets34,813,84854,952,208 The objectives for managing capital are to safeguard the Groups ability to continue as a going concern and to provide fundingfortheGroupsplannedexplorationactivities.CentaurusMetalsLimitedisanexplorationcompanyandisShare capital282,542,038281,447,226 dependent on its ability to raise capital from the issue of new shares and its ability to realise value from its exploration andReserves2,267,7492,410,285 evaluation assets.The Board is responsible for capital management.This involves the use of cash flow forecasts toAccumulate losses(249,995,939)(228,905,303) determine future capital management requirements.Total equity34,813,84854,952,208 There were no changes in the Groups approach to capital management during the period. Neither the Company nor any of(1)Included within non-current assets are investments in and loans to subsidiaries net of provision for impairment. Ultimate recoupment its subsidiaries are subject to externally imposed capital requirements.is dependent on successful development and commercial exploitation or, alternatively, sale of the respective project areas.Note 26.Subsequent Events On 3 March 2025 the Company advised that it had been issued the Installation License (LI) for the Jaguar Nickel Sulphide project by the Par State Environmental Agency SEMAS. The LI is the key environmental license for the project. Refer to Note 22 for details regarding liabilities which were contingent on this approval. Other than outlined above, there has not arisen, in the interval between the end of the financial year and the date of this report an item, transaction or event of a material and unusual nature likely, in the opinion of the directors of the Company, to affect significantly the operations of the Group, the results of those operations, or the state of affairs of the Group, in future financial years. Page 51 of 60Page 52 of 6076 ANNUAL REPORT CENTAURUS METALS LIMITED'