• Equatorial Pará Distribuidora de Energia S.A. (Equatorial) informs Centaurus of required power transmission capacity upgrades
• Power grid upgrade process planned to deliver expanded capacity to support Jaguar and other major mineral projects
• Upgrade timeline aligned with Jaguar Project's current development timeline

Centaurus Metals (ASX: CTM) has been informed by Equatorial Pará Distribuidora de Energia S.A. (Equatorial), a key energy distribution and power provider in the Carajás Province, of the need to upgrade transmission capacity to the Company's planned, and Ministry of Mines and Energy (MME) approved, connection point in order to meet the long-term power requirement for the Jaguar Nickel Project. The MME had previously approved the Jaguar Project's request for 47MW of power, with this approval being based on the assessment that the required supply could be met from existing network capacity. Centaurus requested a trading halt while seeking clarification on the situation. At a meeting in Belem, Equatorial advised the Company that Empresa de Pesquisa Energética (EPE - MME's planning department responsible for energy) is currently undertaking a detailed study to increase transmission capacity in the region where the Project is located, for Jaguar and other proponents. The study is due to be completed by December 2025. The region has seen a significant increase in future power demand, mainly due to mining projects such as Centaurus' Jaguar Nickel Sulphide Project, Ero's Tucumã Copper Project, the expansion of Vale's Onça Puma operations, and the Pantera Copper Project. Upon completion of the EPE study, steps will be initiated to implement the preferred transmission upgrade solution. Based on recent discussions, the power grid upgrade process should deliver expanded capacity consistent with Jaguar's current development timeline. Centaurus will work closely with the agencies to ensure the timeline remains on track and will also assess short-term power options in case of any slippage.