b'In assessing the presence of impairmentAssessing the impact of the volatile nickel indicators, we focussed on those that may drawprice and their decision for commercial into question the commercial continuation of thecontinuation of activities. E&E activities. In addition to the assessmentsEvaluating the capacity of the Group to fund above, and given the volatile nickel prices andthe continuation of activities by assessing financial position of the Group, we paid particularunderlying documentation including corporate attention to:budgets. We obtained project and corporate Documentation available regarding rights tobudgets identifying areas with existing funding tenure, via licensing with the government, andand those requiring alternate funding sources. compliance with relevant conditions, toWe compared this for consistency with areas maintain current rights to an area of interest;with E&E exploration and evaluation, for The Groups intention and capacity to continueevidence of the ability to fund continued and fund the relevant exploration andactivities. evaluation activities; Analysing the Groups determination of The results from latest activities regarding therecoupment through successful development existence or otherwise of economicallyand exploitation of the area, or through recoverable mineral resources or reserves; andcontinued exploration and evaluation activities by evaluating the Groups documentation of The impact of declining nickel prices to theplanned future/continuing activities including Groups strategy and intention.work programs and project and corporate budgets for a sample of areas.Evaluating the Groups disclosures by comparing to our understanding and the requirements of the accounting standards. Other Information Other Information is financial and non-financial information in Centaurus Metals Limiteds annual report which is provided in addition to the Financial Report and the Auditors Report. The Directors are responsible for the Other Information. The Other Information we obtained prior to the date of this Auditors Report was the Directors Report and the Remuneration Report. Our opinion on the Financial Report does not cover the Other Information and, accordingly, we do not express an audit opinion or any form of assurance conclusion thereon, with the exception of the Remuneration Report and our related assurance opinion. In connection with our audit of the Financial Report, our responsibility is to read the Other Information. In doing so, we consider whether the Other Information is materially inconsistent with the Financial Report or our knowledge obtained in the audit, or otherwise appears to be materially misstated. We are required to report if we conclude that there is a material misstatement of this Other Information, and based on the work we have performed on the Other Information that we obtained prior to the date of this Auditors Report we have nothing to report. CENTAURUS METALS LIMITED ANNUAL REPORT 83'