16 ANNUAL REPORT CENTAURUS METALS LIMITED CENTAURUS METALS ANNUAL REPORT 2025 Exploration & Growth Pipeline BOI NOVO COPPER GOLD PROJECT The BNP represents a district-scale copper-gold exploration opportunity in Brazil’s Carajás mineral province (CMP), one of the world’s most prolific mineral belts. The CMP is host to globally significant deposits of iron, copper, gold and nickel, and is one of the world’s most active frontiers for IOCG discoveries. The BNP is located 25km from Parauapebas (see Figure 7), the logistics hub for Vale’s Northern System rail line to the port of São LuÃs. The project benefits from nearby processing infrastructure, including BHP’s Antas Norte copper flotation plant (20km) and Vale’s Salobo–Sossego concentrate load-out facility (35km), as well as direct access to a state highway and a 230kV power line. Cleared farmland terrain enables year-round exploration access. Towards the end of the year, Centaurus expanded its tenure in the district with the acquisition of the highly prospective Rio Novo tenure, located adjacent to Boi Novo, under an earn-in agreement signed in October 2025. The combined Boi Novo-Rio Novo landholding now covers ~75km² of contiguous tenure and 20km strike length of highly prospective volcano-sedimentary sequence. Multiple prospects have been identified, including +500ppm10 copper-in-soil anomalies across more than 20km of discontinuous strike coincident with magnetic anomalies. The combined project area offers strong geological continuity, excellent infrastructure access and significant exploration upside, supporting multiple high-grade copper-gold targets with additional potential for iron ore discoveries.
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