b'CENTAURUS METALS ANNUAL REPORT 2024Environmental, Social & GovernanceCentaurus ESG program combines the Towards Sustainable Mining (TSM) 1and Principles of Responsible Investment (PRI) guidelines withBased on the FS delivered during the year, the estimated E1 (Scope actions to be implemented during exploration and1 + Scope 2 + freight + downstream) Green House Gas (GHG) operations. emissions for Jaguar are forecast to be low at 7.27 tonnes of CO 2 /tonne of nickel equivalent for the proposed production and external During the reporting period, Centaurus published its 2023downstream processing of a nickel concentrate product, with this Sustainability Report, which outlined the Companys keylife-of-mine CO 2footprint assessed to be lower than 94% of global sustainability initiatives and performance over the 2023 calendarnickel production, once in production.year and its goals for 2024 and future years. The 2024 SustainabilityThe assessed emission levels will be 85% lower than the industry Report is currently being prepared for publication. average (production weighted) of 48.6 tonnes of CO 2 /t of nickel equivalent 5(assessed for the 2023 year).OCCUPATIONAL HEALTH & SAFETYAt the end of the reporting period, the Company worked more thanJaguar Class 1(Sulphide)Class 1(HPAL)181,575 hours in the last 12 months and had achieved 30 monthsClass2(FeNi)Class2(NPI)Class1(Other)without an LTI. The 12-month reportable injury frequency rate at600 25% 50% 75%year-end was zero and the 12-month severity rate was also zero. 500E1: Breakdown (t/NiEq t)GHG EMISSIONS 400 Jaguar Nickel Sulphate Project 7.27t of CO 2 /t of NiEqA review of the Jaguar Projects carbon footprint during the300reporting period by specialist metals and mining ESG research company, Skarn Associates, has confirmed that the Project200continues to demonstrate its credentials as one of the worlds foremost nickel projects in terms of its carbon footprint, putting it100in a strong position to attract strategic investment from potential partners seeking new supply of nickel concentrate. 0The results of this study continue to demonstrate that the Jaguar0 650 1300 1950 2600Project, once in production, is expected to be class-leadingFigure 3: GHG Intensity Curve- Nickel (E1 GHG Emission Metrics)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 theTSM 1 - Principles developed by the Mining Association of Canada and PRI -a global organisation that 230kV national power grid in Brazil. promotes responsible investment practices in the investment industry.8 ANNUAL REPORT CENTAURUS METALS LIMITED'