• Final key regulatory approval received for Jaguar Nickel Sulphide Project
• Paves way for Final Investment Decision and project development
• Centaurus holds all necessary environmental and mining licences

Centaurus Metals (ASX: CTM, OTCQX: CTTZF) has announced that the Mining Lease for its flagship Jaguar Nickel Sulphide Project in northern Brazil has been granted by the Brazilian Ministry of Mines and Energy (MME). The formal grant of the Mining Lease is the last of the key approvals required to support a Final Investment Decision (FID), providing Centaurus the ability to mine ore from the Project's deposits for commercial purposes. With the Mining Lease in place, Centaurus now holds all the key environmental and mining licences and approvals necessary to start the construction of the Jaguar Project. The company is progressing well with its strategic partnering and off-take discussions to underpin the financing of the project from a debt and equity perspective. Centaurus' Managing Director, Darren Gordon, stated that the grant of the Jaguar Mining Lease is another important de-risking step as the company advances the project towards financing and development. He highlighted the Brazilian Government's commitment to the development of critical minerals in the country by approving the Jaguar Mining Lease in a timely manner. Centaurus has been working closely with key Brazilian government agencies to promote the importance of the Jaguar Project to all stakeholders, with the aim of keeping the targeted development timeline on track and commencing construction and operation at the earliest possible time. The Jaguar Nickel Project is one of the few advanced nickel projects outside of Indonesia that is development-ready, with strong economics even at current nickel spot prices. Closing out the strategic partnering and funding process is now the final key milestone required to facilitate an investment decision.

Centaurus Metals has not provided any high-importance, price-sensitive forward-looking financial metrics or other company-specific metrics in the announcement.

Centaurus Metals stated that closing out the strategic partnering and funding process is the final key milestone required to facilitate an investment decision on the Jaguar Nickel Project. The company is progressing well with its strategic partnering and off-take discussions to underpin the financing of the project from a debt and equity perspective.