Centaur Metals is the only leveraged ASX play to sulphide nickel. The company’s Brazilian sulphide nickel project, named “Jaguar” is significant because its resource has an expansion potential, with an already long 20-year mine life. Further potential to turn into a much bigger mine of battery-grade nickel, which has a low carbon footprint.
The Jaguar nickel sulphide project is located in Brazil’s Carajas Mineral Province and is a large tonnage resource with a total JORC Mineral Resource Estimate of 109.2m tonnes at 0.87% nickel resulting in 949k tonnes of contained nickel. CTM is targeting +1m tonnes of nickel in the next upgrade. This resource also contains a high-grade area comprising 28.6m tonnes at 1.51% nickel containing 431k tonnes of nickel metal, with 30% of the high-grade material within 100m of the surface.
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