21
CENTAURUS METALS LIMITED     ANNUAL REPORT
21
CENTAURUS METALS LIMITED     ANNUAL REPORT
Mineral Resources
Classification*
Mineral Resources as at 31 December 2025
Mineral Resources as at 31 December 2024
Tonnes
Grade
Contained Metal
Tonnes
Grade
Contained Metal
Mt
Ni  
(%)
Cu  
(%)
Co 
ppm
Ni  
(kt)
Cu  
(kt)
Co  
(kt)
Mt
Ni  
(%) 
Cu  
(%)
Co 
ppm
Ni 
(kt)
Cu  
(kt)
Co  
(kt)
Measured
14.8
1.06
0.07
388
156.1
10.2
5.9
14.0
1.06
0.07
388
156.1
10.2
5.9
Indicated
97.8
0.84
0.06
246
822.8
61.1
24
97.8
0.84
0.06
246
822.8
61.1
24
Inferred
25.7
0.88
0.09
257
225.5
22.9
6.7
25.7
0.88
0.09
257
225.5
22.9
6.7
TOTAL
138.2
0.87
0.07
262
1,204.4
94.2
36.6
138.2
0.87
0.07
262
1,204.4
72.3
36.6
* Within pit limits cut-off grade 0.3% Ni; below pit limits cut-off grade 0.7% Ni; Totals are rounded to reflect acceptable precision; subtotals may not reflect global totals. All oxide material is considered as waste and 
therefore not reported as Resources. mineral resources are reported inclusive of ore reserves.
The Company’s Ore Reserves and Mineral Resource for its iron ore holdings are shown in the following tables.
Ore Reserves
Project
Classification
Ore Reserves as at 31 December 2025
Ore Reserves as at 31 December 2024
Jambreiro  
Iron Ore Project
Ore 
Tonnes
Ore Grade
Ore 
Tonnes
Ore Grade
Mt
Fe  
(%)
SiO2  
(%)
Al2O3 
(%)
P 
(%)
LOI 
(%)
Mt
Fe 
(%)
SiO2  
(%)
Al2O3  
(%)
P 
(%)
LOI 
(%)
Proved
30.6
29.4
49.8
4.2
0.04
1.6
30.6
29.4
49.8
4.2
0.04
1.6
Probable
12.7
28.4
49.5
4.7
0.04
2.2
12.7
28.4
49.5
4.7
0.04
2.2
TOTAL
43.3
29.1
49.7
4.4
0.04
1.8
43.3
29.1
49.7
4.4
0.04
1.8
*20% Fe cut-off grade applied; Mine Dilution - 2%; Mine Recovery - 98%; 
Mineral Resources
Deposit
Classification
Mineral Resources as at 31 December 2025
Mineral Resources as at 31 December 2024
Tonnes
Grade
Tonnes
Grade
Mt
Fe 
(%)
SiO2 
(%)
Al2O3 
(%)
P 
(%)
LOI 
(%)
Mt
Fe 
(%)
SiO2 
(%)
Al2O3 
(%)
P 
(%)
LOI 
(%)
Jambreiro 
Project
Measured
44.3
29.2
50.5
3.9
0.04
1.6
44.3
29.2
50.5
3.9
0.04
1.6
Indicated
37.7
27.5
51.1
3.7
0.04
1.7
37.7
27.5
51.1
3.7
0.04
1.7
Inferred
45.1
27.3
52.7
3.3
0.05
1.3
45.1
27.3
52.7
3.3
0.05
1.3
TOTAL
127.1
28.0
51.4
3.7
0.05
1.5
127.1
28.0
51.4
3.7
0.05
1.5
Canavial 
Project*
Measured
6.5
33.6
33.6
7.1
0.10
7.9
6.5
33.6
33.6
7.1
0.10
7.9
Indicated
21.1
29.6
38.0
5.7
0.07
5.9
21.1
29.6
38.0
5.7
0.07
5.9
Inferred
27.6
30.5
37.0
6.0
0.07
6.4
27.6
30.5
37.0
6.0
0.07
6.4
TOTAL
6.5
33.6
33.6
7.1
0.10
7.9
6.5
33.6
33.6
7.1
0.10
7.9
Passabém 
Project**
Measured
2.8
33.0
48.8
1.9
0.03
0.6
2.8
33.0
48.8
1.9
0.03
0.6
Indicated
36.2
30.9
54.0
0.7
0.07
0.1
36.2
30.9
54.0
0.7
0.07
0.1
Inferred
39.0
31.0
53.6
0.8
0.07
0.1
39.0
31.0
53.6
0.8
0.07
0.1
TOTAL
2.8
33.0
48.8
1.9
0.03
0.6
2.8
33.0
48.8
1.9
0.03
0.6
TOTAL COMBINED
193.7
29.0
49.8
3.4
0.05
1.9
193.7
29.0
49.8
3.4
0.05
1.9
*20% Fe cut-off grade applied; ** 27% Fe cut-off grade applied
Mineral Resources are reported inclusive of Ore Reserves. 
Totals are rounded to reflect acceptable precision; subtotals may not reflect global totals. 

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