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CENTAURUS METALS LIMITED     ANNUAL REPORT
Figure 4 Jaguar Nickel Sulphide Project Location
Jaguar Nickel Sulphide Project
The Jaguar Project represents a cornerstone asset for Centaurus that will underpin the Company’s 
ambition to build a diversified Brazilian critical minerals business with best-in-class Environmental, 
Social and Governance (ESG) credentials.
The JNP is approximately 250km from the regional city of 
Parauapebas (population ~267,000) in the northern Brazilian 
State of Pará and sits within a 30km2 tenement package in the 
São Félix do Xingu municipality. The Carajás Mineral Province is 
Brazil’s premier mining hub, containing one of the world’s largest 
known concentrations of bulk tonnage Iron Oxide-Copper-Gold 
(IOCG) and iron ore deposits.  
Jaguar is currently one of the largest undeveloped nickel 
sulphide projects globally and a highly strategic potential source 
of unencumbered nickel concentrate product. It is one of the few 
potential new sources of nickel supply outside of Indonesia, with 
Jaguar’s anticipated first quartile cost positioning enabling it to 
compete with Indonesian nickel projects and generate strong 
margins throughout the commodity price cycle. 
PROJECT DEVELOPMENT
Significant activities undertaken during the year focused on the 
development of the JNP. Basic engineering work commenced 
with CPC Engineering in Australia to prepare the necessary 
project definition and engineering design information required 
to allow the detailed engineering phase to be undertaken in 
Brazil. As part of this process, the project layout was further 
refined to reduce the overall project footprint. The infrastructure 
layout, site clearing and planning for initial mining activities also 
commenced, along with planning works for the project execution 
phase, and design approval for the construction of a water 
storage dam was received from the State Secretariat of the 
Environment and Sustainability (SEMAS).
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