Centaurus Metals

Centaurus Metals said at the Resources Rising Stars conference that the Jaguar nickel‑sulfide project in Brazil has reduced several risk levers and is close to a final investment decision once financing and board steps are completed. Debt offers of up to 320 million AUD are on the table against estimated total project costs of around 380 million AUD. Jaguar is expected to produce about 22,000 tonnes of nickel in concentrate per year, with AISC of roughly $4.40/lb, anticipated free cash flow of $120–130 million annually and a payback period of under two years. The mining licence has already been granted, base engineering is complete, and there is an offtake agreement with Glencore for one third of production. » More on de.investing.com

Centaurus Metals presented its nickel sulphide project in Brazil at the Diggers & Dealers forum as a low-cost tier‑1 deposit, highlighting secured core approvals including a mining licence, environmental approval and power connection. The project has a total resource of 138 million tonnes at 0.87% Ni (about 1.2 million tonnes of contained nickel); initial production is expected to yield around 22,500 t of nickel per year and generate annual cash flow of roughly AUD 170 million. A five-year offtake agreement with Glencore for 20,000 t of concentrate per year supports debt financing, with the final investment decision (FID) planned for the end of Q3 2026. If financing and construction proceed as planned, production is scheduled to start in 2028; the company expects additional offtake agreements within six to eight weeks. » More on de.investing.com

Centaurus Metals presented Jaguar as a potential global nickel sulphide mine with 1.2 million tonnes of contained nickel and full approvals. The open‑pit project has low AISC of $4.43/lb, estimated capital costs of around $380m and favourable power costs of about $0.04/kWh. Glencore has already signed an offtake agreement; Centaurus expects approved term sheets for debt financing in the second half of September and is targeting a final investment decision by the end of September. If financing is secured, commissioning is expected within about two years, with potential for later underground mining to extend the mine life. » More on de.investing.com