Centaurus Metals Advances Financing and Development of Brazilian Nickel and Copper-Gold Assets

Centaurus Metals Limited ( (AU:CTM) ) has provided an announcement.

Centaurus Metals reported strong progress on its Jaguar Nickel Sulphide Project in Brazil, securing non-binding debt financing offers of up to US$320 million from 10 institutions to support a final investment decision targeted for late Q3 2026. Project execution capacity was bolstered by appointing Project Director Thiago Costa, expanding the local engineering and procurement team, transitioning basic engineering to Brazil, securing approvals for layout changes, national grid connection, and state tax incentives, and advancing geotechnical work for final design.

The company also advanced its Boi Novo copper-gold project, identifying multiple plus-2km copper-in-soil anomalies at Rio Novo and building a strong pipeline of drill targets ahead of a planned Q3 2026 drilling campaign. Ongoing drilling continued to deliver significant intersections, including broad zones of itabirite iron mineralisation, while metallurgical testwork produced a high-quality copper-gold concentrate with high recoveries, supported by a cash balance of $17.5 million at quarter-end.