16.2 Movement in Carrying Amounts 
Movements in the carrying amounts for each class of property, plant and equipment between beginning and end of the 
current financial year. 
 
2025 $ 
2024 $ 
Plant and equipment 
 
 
Carrying amount at beginning 
1,667,591 
2,189,298 
Additions 
46,478 
109,359 
Disposals 
(687) 
(61,338) 
Depreciation 
(281,769) 
(306,479) 
Effect of movements in exchange rates 
67,133 
(263,249) 
Carrying amount at end 
1,498,746 
1,667,591 
Land and buildings 
 
 
Carrying amount at beginning 
6,030,741 
7,133,944 
Additions 
21,998 
25,806 
Disposals  
- 
(67,742) 
Depreciation 
(49,393) 
(38,273) 
Effect of movements in exchange rates 
260,576 
(1,022,994) 
Carrying amount at end 
6,263,922 
6,030,741 
Right of use asset (see also Note 20) 
 
 
Carrying amount at beginning 
629,612 
471,748 
Additions 
321,741 
717,013 
Derecognition to right-of-use assets 
(4,709) 
(229,065) 
Depreciation 
(286,110) 
(271,846) 
Effect of movements in exchange rates 
6,307 
(58,238) 
Carrying amount at end 
666,841 
629,612 
 
8,429,509 
8,327,944 
Note 17. Exploration and Evaluation Assets 
 
2025 $ 
2024 $ 
Opening net book value 
12,415,962 
13,670,876 
Transferred to mine development properties 
(10,765,841) 
- 
Impairment 
(192,188) 
- 
Additions 
42,530 
31,532 
Effect of movements in exchange rates 
69,562 
(1,286,446) 
 
1,570,025 
12,415,962 
The directors have concluded that the technical feasibility and commercial viability of the Jaguar Nickel Project is 
demonstrable and accordingly the carried forward exploration and evaluation expenditures have been reclassified to mine 
properties.  
During the year, the Group recognised an impairment expense of $192,188 (2024: $0) in relation to exploration and 
evaluation assets associated with the Itapitanga area of interest. 
The impairment was recognised following a review of the Group’s exploration strategy and planned expenditure, and the 
determination that there is currently no substantive exploration activity planned for the relevant tenements in the near 
term. 
The Group continues to retain the underlying tenure and will reassess the project as market conditions and funding 
availability change. 
The ultimate recoupment of exploration and evaluation expenditure carried forward is dependent on successful 
development and commercial exploitation or, alternatively, sale of the respective project areas. 
68
ANNUAL REPORT     CENTAURUS METALS LIMITED
CENTAURUS METALS ANNUAL REPORT 2025

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