• Binding Offtake Agreement with Glencore for 20,000 dry metric tonnes per annum of high-grade nickel concentrate
• Agreement represents approximately one-third of Jaguar's forecast production capacity
• Initial 5-year contract from commencement of production in 2029

Centaurus Metals (ASX: CTM) has executed a binding Offtake Agreement with Glencore AG, one of the world's largest globally diversified natural resource companies, for the supply of nickel concentrate from the Company's Jaguar Nickel Sulphide Project in Brazil. The Agreement is for the supply of 20,000 dry metric tonnes per annum of high-grade (32%) nickel concentrate (6,400 tonnes per annum of nickel in concentrate) to Glencore, with the base destination of Canada for treatment at Glencore's Sudbury smelting operations. The initial contract period is for five years from the commencement of production at Jaguar, which is expected to begin in 2029. Pricing under the Offtake Agreement will be linked to the London Metals Exchange Cash Settlement nickel price and a variable nickel payability which flexes with the price. The Offtake Agreement with Glencore represents approximately 30% of the planned annual production from Jaguar, with Centaurus retaining flexibility over how the balance of its production will be used to support the funding of the Jaguar Project in advance of a Final Investment Decision. The estimated value of the Offtake Agreement, at current nickel prices, exceeds US$450 million over the life of the initial 5-year contract.