b'OUR ENVIRONMENTBASELINE SURVEYS& ASSESSMENTJAGUAR NICKEL PROJECTSurface and groundwater hydrologyand qualityThroughout the year, various JNP baseline Social baseline dataenvironmental programs continued to beDuring 2024, Centaurus used the baseline undertaken, including:survey information as well as preliminarythe surface and groundwater quantity engineering designs and outcomes of study and quality monitoring programswork to prepare a new Environmentalrainfall measurement, and Impact Study (EIA/RIMA), which was basedsocial indicator monitoring.on the Terms of Reference defined by the At the end of 2023, the Par StateState Environmental Agency of Minas Gerais Environmental Agency (SEMAS/PA)(Supram/MG), and in accordance with relevant recommended the approval of the JNPenvironmental legislation and guidelines. Preliminary License (LP), with the StateAn environmental risk assessment process Environmental Committee (COEMA/PA)was used to determine the likelihood and unanimously approving the LP in Decemberconsequences of identified impacts, and2023 and the licence formally issued ina series of environmental actions, plans and February 2024. The approval was based onprograms have been proposed to managethe JNP Environmental Impact Assessmentand mitigate these impacts to acceptable (EIA/RIMA), which contained an enormouslevels. In addition to Brazilian federal and amount of baseline data for the projectstate environmental legislation, Centaurus collected in prior years. also aligns with our internal Company policies, procedures, and standards, and other non-In April 2024, the Company lodged the Jaguarstatutory frameworks, including the Equator Environmental Control Plan (PCA) withPrinciples and the International Finance SEMAS/PA in order to apply for the InstallationCorporations (IFC) Performance Standards to License (LI). The PCA is a compilation of allsatisfactorily address ESG requirements for social and environmental programs Centaurusthe development of the JIOP.plans to implement during the construction, operation and closure phases of the project.In response to growing interest from potential These programs were conceptually defined inoff-take partners and customers, Centaurus the EIA/RIMA, detailing all the activities to becommenced a new study on the potential of carried out in order to mitigate, compensatethe JIOP to deliver a Direct Reduction Pellet or enhance the impacts of the project. Feed (DRPF) quality concentrate.The Jaguar PCA includes 21 environmentalDRPF product is used to produce direct programs and nine social programs. reduction pellets, which are used as feed for Electric Arc Furnaces. DRPF material hasJAMBREIRO IRON ORE PROJECT a lower overall carbon footprint compared to Centaurus environmental baseline surveys forore that can only be fed into Blast Furnace (BF) JIOP commenced several years ago and weresteel mills. With steel producers increasingly renewed in 2023, with some environmentalfocusing on strategies to reduce their carbon aspects continuously monitored. A seriesfootprint, Jambreiro DRPF production would of surveys and technical activities weregreatly assist them in achieving this objective. undertaken covering the physical, biotic and socio-economic environments of the regionBIODIVERSITY and specifically for the area of the JIOP. Data and results obtained are based on previousBrazil is globally renowned for its great varia-studies undertaken, including aspects of: tion in ecosystems containing diverse animal, plant and fungi populations. Home to 60% ofFlora and vegetation biodiversity the Amazon Rainforest, which accounts forFauna diversity and habitat approximately one-tenth of all species in the 16'