Jaguar Nickel Sulphide Project

The Jaguar Nickel Sulphide Project is located in the western portion of the world-class Carajás Mineral Province of Brazil, and was acquired from global mining giant, Vale S.A., in April 2020. The Jaguar Project includes multiple nickel sulphide deposits and exploration targets within a 30km2 land package.

Since completing the project acquisition, Centaurus has defined a globally significant Mineral Resource Estimate (MRE) totalling 58.9Mt grading 0.96% Ni for 562,600t of contained nickel.

Importantly, more than 80% of the contained nickel is located within 200m of surface, with positive implications for future open pit mining.

Centaurus delivered a Base Case Scoping Study for the Jaguar Project development in March 2021 based on a conventional nickel flotation plant. The Base Case Scoping Study confirmed the project’s potential to become a sustainable, long-term and low-cost producer of Class-1 nickel for global markets, generating strong financial returns while also delivering significant social and economic benefits for local communities.

Key highlights of the Base Case Scoping Study included:

Click here to read the full Base Case Scoping Study.

Centaurus is also evaluating a Value-Add development scenario for Jaguar, which contemplates processing the nickel concentrate using a hydrometallurgical process (POx) to produce battery-grade nickel sulphate for the growing electrification supply chain.

A Value-Add Scoping Study completed in May 2021 confirmed the potential for outstanding financial and economic returns from the production of battery-grade nickel sulphate.

Key highlights of the Value-Add Scoping Study included:

Click here to read the full Value Add Scoping Study.

The Value-Add Scoping Study indicated that investing in downstream processing adds significant value to the project:

Based on the strength of the Scoping Study results, Centaurus has commenced a Definitive Feasibility Study (DFS) for the production of +20,000 tonnes per annum of nickel sulphate at the Jaguar Project over an initial mine life of ~13 years. The DFS will also incorporate a study of the production of nickel concentrate, as this will be the product feed to the hydrometallurgical (nickel sulphate) circuit.

In parallel with the completion of ongoing development studies, Centaurus is also continuing a major drilling effort at Jaguar aimed at extending the existing Resource base and making new discoveries.