Centaurus Metals Ltd Quarterly Activities Report
Key points
- Strong interest from institutions for debt financing up to $320M
- Thiago Costa appointed as Project Director for Jaguar Nickel Sulphide Project
- Environmental and mining approvals received, tax incentives granted
- Successful geotechnical drilling and bench-scale flotation testing
- Strong exploration results from Boi Novo Copper-Gold Project
Full summary
Centaurus Metals Ltd has made substantial progress in its nickel and copper-gold projects. For the Jaguar Nickel Sulphide Project, the company has received non-binding offers for up to $320 million in debt financing from leading institutions, with a Final Investment Decision expected by the end of Q3 2026. Thiago Costa has been appointed as Project Director, and the engineering design has been transitioned to the Brazil Project Team. Environmental and mining approvals have been secured, including tax incentives from the State of Pará. Geotechnical drilling and laboratory testing are ongoing. The Boi Novo Copper-Gold Project has identified significant copper-in-soil anomalies and high-grade copper-gold intersections. Flotation test work produced a +25% copper concentrate with high recoveries, indicating potential for processing at nearby facilities.
Guidance
Debt financing interest up to $320M, Final Investment Decision expected by Q3 2026
Outlook
Centaurus Metals Ltd anticipates a positive Final Investment Decision by the end of Q3 2026, supported by ongoing debt financing discussions and exploration successes.
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