a) 
Risk Management Framework 
The Board of Directors has overall responsibility for the establishment and oversight of the Group’s risk management 
framework.   
Risk management policies are established to identify and analyse the risks faced by the Group, to set appropriate risk limits 
and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to 
reflect changes in market conditions and the Group’s activities.  The Group, through its training and management standards 
and procedures, aims to develop a disciplined and constructive control environment in which all employees understand 
their role and obligations and are able to identify and manage business risks. 
b) 
Credit Risk 
Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its 
contractual obligations and arises principally from the Group’s other receivables and investment securities.  
The Group’s exposure to credit risk is influenced mainly by the individual characteristics of each counterparty.  However, 
management also considers the default risk of the industry and country in which counterparties operate, as these factors 
may have an influence on credit risk. 
The carrying amount of the Group’s financial assets represents the maximum credit exposure. The Group’s maximum 
exposure to credit risk at the reporting date was: 
 
2025 $ 
2024 $ 
Cash and cash equivalents(1) 
24,577,181 
18,043,388 
Other receivables 
348,616 
337,520 
 
24,925,797 
18,380,908 
(1) Cash and cash equivalents are held with bank and financial institution counterparties, which are rated BB to AA- based on Standard 
and Poor’s rating. 
Other receivables also include refundable deposits and tax credits which include Brazilian federal VAT (PIS-Cofins). The 
recoverability of PIS-Cofins assets is dependent upon the Group generating a federal company tax liability, which may be 
offset against the Groups PIS-Cofins assets. The credits have a defined statutory life. As at 31 December 2025, the PIS-Cofins 
tax asset has been fully impaired, as the Group is currently in the early stages of the development of the Jaguar Nickel 
Sulphide project and sufficient taxable profits to utilise the credits within their statutory life are not considered probable, 
although taxable profits may arise from specific transactions. The Group’s maximum exposure to credit risk for other 
receivables at the reporting date by geographic region was: 
 
Carrying Amount 
 
2025 $ 
2024 $ 
Australia  
227,435 
241,110 
Brazil 
121,181 
96,410 
 
348,616 
337,520 
These balances are net of provision for impairment (refer Note 15). 
26.2 Liquidity Risk 
Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with the financial 
liabilities that are settled by delivering cash or another financial asset. 
The Group’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to 
meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking 
damage to the Group’s reputation. 
As at 31 December 2025, the Group has current trade and other payables of $1,896,004 (31 December 2024: $2,372,115), 
current lease liabilities of $217,746 (31 December 2024: $150,940) and non-current lease liabilities of $506,681 (31 
December 2024: $498,534).  The Group believes it will have sufficient cash resources to meet its financial liabilities when 
due. 
 
72
ANNUAL REPORT     CENTAURUS METALS LIMITED
CENTAURUS METALS ANNUAL REPORT 2025

View this content as a flipbook by clicking here.