b'With the JNP having the potential to becomeemission levels that will be generated from the97% of existing global nickel production and one of the worlds foremost nickel projects inproduction of nickel sulphate at the JNP.Thedemonstrates the investment quality of the terms of its carbon footprint, the significanceSkarn assessment was based on the operatingJNP from an emissions perspective as well a of this impact was the subject of an academicparameters set out in Centaurus JNP Value- financial perspective.study commissioned by Centaurus (see CaseAdd Scoping Study published in May 2021. The forecast low emission levels are a function Study).The Company is also researchingThe results of the study are compelling andof the relatively high-grade nickel that will technology options for energy efficiency in theclearly demonstrate that the JNP is expectedbe coming from open pit mining sources and, mine and process plant design to keep futureto be class-leading in terms of its carbonimportantly, the fact that 80% of grid power in emissions as low as possible and in line withfootprint, reflecting its unique attributes as aBrazil stems from renewable sources.There global targets.high-grade nickel sulphide project poweredis an expectation that, once in operation, We expect our carbon footprint to increaselargely by renewable energy from the localthe JNPs power requirements will be met once the JNP is in production and measuresgrid and producing a finished (value-add)from 100% renewable sources.Centaurus is will be considered in the next reporting periodnickel sulphate product on site which can beconsidering this aspirational target as part of on how to manage these future emissions. used directly in the production of lithium-ionfuture emission modelling assessments.CASE STUDY batteries.The assessed emission levels model indicates Carbon Emissions Forecast When in operation, the E1 (Scopethat the JNP will emit 85% less carbon than 1+2+Downstream) emissions to produce nickelthe industry average (production weighted) of Centaurus commissioned specialist metalssulphate on site at the JNP are expected to33 tonnes of CO2/tonne of nickel equivalent.and mining ESG research company, Skarnbe extremely low at 4.69 tonnes of CO2/tonne Associates (Skarn), to study and forecast theof nickel equivalent, which is lower than Industry Average E1 Emissions by Nickel Product807060E1 (tCO2e/t Ni Eq.)504030Source: Skorn Asociates Limited20100Class 1Class 1Class 1Class 2Class 2JaguarJaguar (HPAL) (sulphide) (other) (FeNi) (NPI) (base case) (value add) JNP Cana Camp rehabilitation plant nursery250 0 25 50 75 100200CO2e Intensity (tCO2e/t Ni Eq.)1501005000 400 800 1,200 1,600 2,000 2,400Cumulative Nickel Production (000 tonnes)Class 1 (HPAL) Class 1 (sulphide) Class 1 (Other) Class 2 (FeNi) Class 2 (NPI) Jaguar Sulphate Project21'