• Mining lease granted for Jaguar Nickel Sulphide Project in October 2025
• Acquisition of highly prospective Rio Novo tenure expands Boi Novo Copper-Gold Project to 75km²
• Drilling underway at Boi Novo to expand high-grade copper-gold mineralization

Centaurus Metals Limited reported on the progress of its Jaguar Nickel Sulphide and Boi Novo Copper-Gold Projects in Brazil during the December 2025 quarter. The key highlights include:Jaguar Nickel Sulphide Project:- The mining lease for the Jaguar project was granted by the Ministry of Mines and Energy in October 2025, allowing Centaurus to commence construction.- Basic engineering work is progressing well, with modifications to the tailings circuit and plant layout to reduce the overall project footprint.- Centaurus continues to advance its strategic partnering and offtake process to support a Final Investment Decision.Boi Novo Copper-Gold Project:- Centaurus strengthened its growth pipeline by acquiring the highly prospective Rio Novo tenure, expanding the combined Boi Novo-Rio Novo landholding to 75km².- Drilling has resumed at Boi Novo, focused on expanding the high-grade copper-gold mineralization defined at the Nelore West and Nelore East prospects.- Exploration plans for the newly acquired Rio Novo tenement include geophysics, soil sampling, and a maiden drill program in Q1 2026.The company also provided updates on its Jambreiro Iron Ore Project, where testwork continued on the tails stream to firm up engineering requirements for dry stacking.