• Jaguar Mining Lease granted, planning for project execution phase underway
• New shallow copper-gold mineralized zone discovered at Boi Novo project
• $23.1 million raised to support Jaguar project development and Boi Novo exploration

Centaurus Metals Ltd reported on its activities during the September 2025 quarter. Key highlights include the formal grant of the Jaguar Mining Lease, which provides the necessary approvals to start construction of the Jaguar Nickel Sulphide Project. Planning work commenced for the project execution phase, with infrastructure layout, site clearing, and initial mining activities underway. The company also received design approval for a temporary water storage dam at the Jaguar site. Basic engineering work will be undertaken in Australia before transitioning all engineering and project development activities to Brazil. The company's strategic partnering process continues to advance, with potential partners undertaking technical work on the Jaguar concentrate. Centaurus also applied for debt funding from the Brazil National Development Bank. At the Boi Novo Copper-Gold Project, the company reported the discovery of a new shallow copper-gold mineralized zone at the Nelore East Prospect, with significant results including 11.5m at 2.84% Cu and 0.90g/t Au. Drilling at the Nelore West Prospect also demonstrated continuity of mineralization between known high-grade breccia pipes. The company raised $23.1 million via an institutional placement and Share Purchase Plan to support ongoing development at the Jaguar Project and exploration at Boi Novo.