Centaurus Metals Company Profile

Centaurus Metals

HUNTING FOR ELEPHANTS IN BRAZIL
Company Exposure

Copper/Gold, Nickel/Cobalt

Company Listing

Centaurus Metals

Stock Code

ASX:CTM

Company Overview



Centaurus Metals (ASX: CTM) is an ASX-listed exploration company offering highly leveraged exposure to a rich asset base in Brazil including exciting new greenfields copper-gold and nickel-cobalt exploration projects in the Carajás Mineral Province (Carajás) of northern Brazil. The Company is maintaining an aggressive exploration program across its Brazilian asset portfolio, aimed at generating new discoveries to deliver shareholder value. Centaurus’ core focus is on its +250 sq km landholding in the Carajás, one of the world’s premier mining addresses. The Carajás Mineral Province hosts current resources totalling more than four billion tonnes of copper‐gold ore. Centaurus’ landholding in the Carajás includes the Salobo West Copper-Gold Project, the Itapitanga Nickel-Cobalt Project and the Pebas Copper-Gold Project.

Investment Highlights

With a market cap of $27M, Centaurus offers highly leveraged exposure to a rich asset base including high quality copper-gold and nickel-cobalt exploration projects with the potential to deliver significant value in the short-term.

  • Extensive and highly prospective mineral portfolio in Tier-1 locations
  • Outstanding new package of copper/gold projects in northern Brazil
  • World-class IOCG discovery opportunities at Salobo West and Pebas
  • Exploration underway at exciting new Itapitanga Ni-Co Project
  • Recent auger results at Itapitanga identifies high-grade Nickel and Cobalt
  • Exploration programs well advanced – strong upcoming news-flow
  • Option granted over Conquista DSO Iron Ore Project set to deliver value
  • Strategy to realize value from development-ready Jambreiro Iron Ore
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Latest Announcements

Share Price Performance

Team

Didier Murcia – Chairman
Darren Gordon – Managing Director
Bruno Scarpelli – Executive Director
Mark Hancock  – Non-Executive Director
Steve Parsons – Non-Executive Director
Roger Fitzhardinge – Exploration Manager

Major Shareholders

B Bolin – 4.4%
Terrativa Minerais SA – 3.7%
Atlas Iron Ltd – 2.9%
D Gordon – 2.7%
R Fitzhardinge – 2.3%
Top 20 Shareholders – 30.5%
Board Management – 6%

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Projects Overview


Key Projects
  • Salobo West – Copper/Gold Project
  • Pebas – Copper/Gold Project
  • Itapitanga – Nickel/Cobalt Project

 

Other Projects
  • Jambreiro – Iron Ore Project
  • Aurora – Copper Project
  • Conquista – DSO Iron Ore Project
The Carajás Mineral Province – The Land Of The Giants

  • The world‐class Carajás Mineral Province boasts nine IOCG deposits with resources of +100Mt Cu‐Au, incl. six of +300Mt, for +4.0Bt of Cu‐Au resources
  • Includes Vale’s giant Salobo Mine:
    >>Reserves of 1.2Bt @ 0.63% Cu, 0.4g/t Au Produced ~176kt Cu and ~317koz Au in 2016
    >>Arguably 2nd biggest IOCG in the world
  • Centaurus holds +250km2 tenement portfolio located within the world‐class Carajás Mineral Province
  • Includes Salobo West Cu‐Au‐Co Project, Pebas Cu‐Au Project and Itapitanga Ni‐Co Project
  • Centaurus’ Salobo West Project is located just 12km from Vale’s Salobo Min
Carajás Mineral Province – Salobo West Copper-Gold Project

Prospects

 

SW1 – B Prospect

  • Hosted in the Itacaiúnas Supergroup (host to all know IOCG deposits in the Carajás);
  • 6.5km long Cu‐Au‐Fe‐(Co‐Ag) geochemical signature 600m wide
  • Historical drill hole stopped 50m short of an outstanding IP/Mag anomaly in Cu-Au mineralisation (4m @ 0.8g/t Au (incl. 1m @ 2.0g/t Au) and 4m @ 0.15% Cu).

 

SW1 – A Prospect

  • Distinct 3.5km magnetic anomaly coincident with a Cu‐Au‐Fe geochemical signature
  • Same stratigraphic sequence and less than 15km along strike from Vale’s giant Salobo Copper-Gold Mine

 

Serendipidade Prospect

  • 2.5km long, 700m wide anomaly, potential for near-surface cobalt-copper oxide mineralization; structural/stratigraphically controlled and potentially high-grade copper-cobalt sedimentary sulphide style targets.
  • Historical drill results of 10m @ 0.09% cobalt and 0.14% copper

 

SW2 Prospects

  • Walk Up IOCG Copper Gold drill targets
  • Exploration Lease recently granted – hosts multiple targets
  • Magnetic targets similar to IOCG deposits in the region

Itapitanga Nickel – Cobalt Project

  • 100% owned, located at the southern strike extent of Anglo American’s world-class Jacaré Ni-Co Project which has reported a global Mineral Resource of 307Mt at 1.3% Ni and 0.13% Co that includes a high-grade cobalt resource of 185Mt at 1.2% Ni and 0.18% Co
  • Same nickel-cobalt mineralisation at surface on the Itapitanga Project at multiple locations over a 3.3km strike length.
  • Recent auger results identify high-grade nickel-cobalt mineralisation
    >> ITAP‐AG00018: 6.5m @ 0.94% Ni and 0.20% Co from surface
    >> ITAP‐AG00031: 8.0m @ 0.59% Ni and 0.16% Co from surface
    >> ITAP‐AG00033: 12.0m @ 0.91% Ni and 0.13% Co from surface
    >> ITAP‐AG00032: 10.0m @ 1.07% Ni and 0.12% Co from surface
    >> ITAP‐AG00015: 8.0m @ 0.80% Ni and 0.12% Co from surface
    >> ITAP‐AG00026: 6.0m @ 0.91% Ni and 0.12% Co from surface
  • 29 out of 33 auger holes complete to date finish in nickel-cobalt mineralisation
  • RC drilling to commence in April 2018

Pebas Copper-Gold Project

  • Walk-up drill targets.
  • Historically explored by INV Metals in 2010-11:
  • 2km long, +500ppm copper-in-soils anomaly which is up to 400m wide
  • Untested fault related IOCG target recent soil samples confirm the target
  • Gossanous rock chip sample grades of up to 27.6% Cu, 4.6g/t Au, and 73.1g/t Ag; and
  • Reconnaissance historical diamond drilling intersections of up to 146.9m at 0.21% Cu and 0.08g/t Au.
  • Soils anomaly (+1000 ppm Cu) in a similar geological and structural setting to the Antas Norte Copper-Gold Mine of Avanco (ASX:AVB)
  • Antas Norte’s high-grade ore is roughly 60m thick, has a strike of 700m and is one of the highest grade copper mines in the world with a mine head grade of ~2.6% Cu.

Contact Details

WEBSITE: www.centaurus.com.au

EMAIL: darren.gordon@centaurus.com.au

PHONE: +61 8 9420 4000

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