Name of the Project
Jaguar nickel sulphide project.

Location
Carajás, Brazil.

Project Owner/s
Centaurus Metals.

Project Description
Jaguar is currently one of the biggest undeveloped nickel sulphide projects worldwide and a highly strategic potential source of unencumbered nickel concentrate product, particularly for the electric vehicle battery supply chain. 

The outcomes of a feasibility study have demonstrated the potential for the project to become a sustainable, long-term and low-cost producer of low-emission nickel for global markets. 

The feasibility study only considers openpit nickel sulphide ore over an initial 18-year mine life, delivering nickel sulphide feed to a 3.5-million-tonne-a-year conventional nickel flotation plant to produce an estimated 18 700 t/y of recovered nickel metal. 

Total life-of-mine recovered nickel is estimated at 335 300 t.

Potential Job Creation
The development of Jaguar will provide job opportunities in and around the local municipalities. At peak construction, the workforce will comprise more than 1 200 people – 490 full-time operational personnel and about 630 mining contractor employees.

Net Present Value/Internal Rate of Return
The project delivers a pretax net present value, at an 8% discount rate, of $795-million and internal rate of return of 34%, with a payback of 2.5 years.

Capital Expenditure
Preproduction capital expenditure, including growth and contingency, is estimated at $371-million.

Planned Start/End Date
A final investment decision is targeted for the second half of 2025, based on the current environmental approvals and development timeline, with first production targeted for the second half of 2027.

Latest Developments
Centaurus has identified significant opportunities for improvement to the feasibility study estimates. These will be examined further over the next six to nine months as part of a round of value engineering work, to be undertaken in conjunction with ongoing strategic partnering discussions before the final investment decision.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Centaurus Metals, tel +61 8 6424 8420 or email office@centaurus.com.au.