GHG EMISSIONS
An updated assessment of the JNP’s carbon footprint by specialist 
metals and mining ESG research company, Skarn Associates, has 
confirmed its position as a globally leading low-emissions nickel 
project. 
This updated review was based on a revised flowsheet producing 
a higher-grade (+30% Ni) nickel concentrate product, reducing 
transport volumes and delivering further meaningful reductions in 
the already low overall level of carbon emissions from the Project.
The results of this study continue to demonstrate that the JNP, 
once in production, is expected to be class-leading in terms of its 
carbon footprint, reflecting its unique attributes as a high-grade, 
open-pittable nickel sulphide project powered by 100% renewably 
sourced energy which will be distributed by the 230kV national power 
grid in Brazil.
Based on the JVEP delivered during the year, the estimated E1 
(Scope 1 + Scope 2 + freight + downstream) green house gas (GHG) 
emissions for the JNP are forecast to be class-leading at 6.54 tonnes 
of CO2/tonne of nickel equivalent for the proposed production and 
external downstream processing of its high-grade nickel concentrate 
product. 
This life-of-mine CO2 footprint is assessed to be lower than 90% of 
global nickel production, once in production, and 86% lower than the 
industry average (production weighted) of 46.6 tonnes of CO2/t of 
nickel equivalent (assessed for 2024). 
This strong ESG profile positions Jaguar strongly to attract strategic 
partners seeking low-carbon nickel supply.
 
 Jaguar    
 Class 1(Sulphide)    
 Class 1(HPAL)
 
 Class2(FeNi)    
 Class2(NPI)    
 Class1(Other)
Figure 3: GHG Intensity Curve- Nickel (E1 GHG Emission Metrics®)
0
600
900
1200
300
1500
1800
2100
2450
2700
0
80
160
240
320
400
480
Jaguar Nickel Sulphate Project 
6.54t of CO2/t of Ni
E1: Breakdown (t/NiEq t)
9
CENTAURUS METALS LIMITED     ANNUAL REPORT
9
CENTAURUS METALS LIMITED     ANNUAL REPORT

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