Centaurus Metals Ltd (ASX: CTM) has announced that, following a review of the carbon footprint of its 100% owned Jaguar nickel sulphide project in Brazil by specialist metals and mining ESG research company Skarn Associates, the project continues to demonstrate its credentials as one of the world’s foremost nickel projects in terms of its carbon footprint, putting it in a strong position to attract strategic investment from potential partners seeking new supply of nickel concentrate.
Centaurus’ managing director, Mr Darren Gordon said: “Jaguar is one of the best undeveloped nickel sulphide projects globally. The resource base is large at just under 1Mt of contained nickel metal and the work by Skarn clearly demonstrates that Jaguar has very strong ESG credentials, underpinned by its estimated very low levels of GHG Emissions. We are pleased that the work by Skarn Associates has continued to confirm that the Jaguar Project will have a low carbon footprint given the relatively high-grade nature of the planned mill feed and the fact that we will source 100% of the power for the Project from renewable sources (principally hydro and solar).”
Skarn was recently commissioned by the company to update its previous emissions assessment work based on a concentrate-only project given the company’s recently announced decision to de-risk the Jaguar Project in response to the changed nickel market environment by focusing on an initial development as a concentrate-only project.
Skarn’s work involved studying the emission levels forecast to be generated from the production of a nickel concentrate product on site at Jaguar and then shipped to markets in the Atlantic Basin for further downstream processing to a final saleable product. The results of this study continue to demonstrate that the Jaguar Project, 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.
When in operation, the E1 emissions to produce a nickel concentrate at Jaguar are expected to be extremely low at 7.27t of CO2/t of nickel equivalent, which is lower than 94% of existing global nickel production and demonstrates the investment quality of the Jaguar Project from an emissions perspective.
Jaguar’s on-site ‘E0’ GHG Emission levels extremely low at only 1.55t CO2/t NiEq. Further, based on current feasibility study work, the cost of distributed power to Jaguar is estimated to be very low at approximately US$0.03/kWh.
“At 7.27t of CO2/t of nickel equivalent for its E1 GHG emission level, the Jaguar Project will be one of the lowest carbon emission projects in the nickel industry; even more impressive is the on-site E0 emission level, which is estimated to be only 1.55t CO2/t NiEq.” Added Darren.
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