From discoveries to mines: fast‐tracking a new generation of mineral projects in Brazil's world‐class
RRS Summer Series 12‐14 February 2019
Darren Gordon, Managing Director
This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into account any person's particular investment objectives, financial resources or other relevant circumstances and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.
To the fullest extent permitted by law, the Company does not make any representation or warranty, express or implied, as to the accuracy or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.
This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Centaurus Metals. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Centaurus Metals does not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based.
The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Roger Fitzhardinge, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy and Volodymyr Myadzel, a Competent Person who is a Member of Australian Institute of Geoscientists. Roger Fitzhardinge is a permanent employee of Centaurus Metals Limited and Volodymyr Myadzel is the Senior Resource Geologist of BNA Consultoria e Sistemas Limited, independent resource consultants engaged by Centaurus Metals. Roger Fitzhardinge and Volodymyr Myadzel have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Roger Fitzhardinge and Volodymyr Myadzel consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
The information in this report that relates to Ore Reserves is based on information compiled by Beck Nader, a Competent Person who is a professional Mining Engineer and a Member of Australian Institute of Geoscientists. Beck Nader is the Managing Director of BNA Consultoria e Sistemas Ltda and is a consultant to Centaurus. Beck Nader has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Beck Nader consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
All information included in this presentation regarding Exploration Results, Mineral Resources and Ore Reserve estimates was prepared and first disclosed under the JORC Code 2004. This information has been updated to the JORC 2012 Code for the Jambreiro Mineral Resource. The information in relation to the Jambreiro Ore Reserve has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
All information included in this presentation regarding the Ore Reserve estimate for the Jambreiro Iron Ore Project should be read in conjunction with the ASX announcement dated 5 November 2012. No material change has occurred in any of the conservative pit optimisation parameters used to estimate the Jambreiro Ore Reserve.
Refer to the ASX announcements dated 20 December 2013 and 13 January 2014 for details of the material assumptions underpinning the production target and forecast financial information included in this presentation for the Jambreiro Iron Ore Project. The Company confirms that all the material assumptions underpinning the production target and forecast financial information derived from the production target continue to apply and have not materially changed.
All information contained in this presentation on the Salobo Mine of Vale has been taken from the "Vale Production in 4Q17" Report, its 20‐F Annual Report for 2017 and other public domain reports including their 2018 Vale Day presentation.
All information contained in this presentation on the Jacaré Mineral Resource has been taken from Anglo American Presentations "O Depósito de Níquel Laterítico do Jacaré (PA), Brasil" - Simexmin 2010 and Ore Reserves and Mineral Resources Report 2016.
All information contained in this presentation on the Itapitanga Exploration Target was release to the market on 1 August 2018.
This presentation comments on and discusses some of Centaurus Metals Limited's exploration in terms of target size and type. The information relating to the Itapitanga Exploration Target should not be misunderstood or misconstrued as an estimate of Mineral Resources or Ore Reserves. The potential quantity and quality of material discussed as an Exploration Target is conceptual in nature since there has been insufficient work completed to define them as Mineral Resources or Ore Reserves. It is uncertain if further exploration work will result in the determination of a Mineral Resource or Ore Reserve.
Overview - A Diversified Brazilian Resource Developer
High‐potential nickel‐cobalt and copper‐gold projects in Tier‐1 addresses
Large‐scale Itapitanga nickel‐cobalt discovery moving rapidly to development under innovative JV with battery metals specialist Simulus Group - CTM: free‐carried
Extensive, well‐defined copper‐gold targets at Salobo
West in the world‐class Carajás Mineral Province - permitting well‐advanced ahead of planned drilling in Q2 2019
High‐quality iron ore asset retained in portfolio with renewed focus on development options
Outstanding leverage to exploration success with value underpinned by large asset base
Centaurus offers highly leveraged exposure to a rich asset base in Brazil including exciting new greenfields nickel‐cobalt and copper‐gold projects, aggressive exploration plans and a retained high‐quality iron ore portfolio.
Brazil - A Mining Friendly Destination
Latin America's largest economy
Rapidly growing population (currently ~208 million)
Low interest rates (by historical standards), low inflation and rising economic growth
Pro‐mining President encouraging foreign investment in mining and infrastructure projects
Wide‐ranging economic reforms underway - labour laws, pension scheme, tax and government royalties
Strong tenement control system, established Mining
Code - Up to 8 years for Exploration Licences, which can be converted to Mining Leases
No Government ownership in mining projects -
Government revenue generated from royalties
Minas Gerais and Pará are key mining States - strong mining culture, experienced workforce
The Carajás Mineral Province - Land of the Giants
10 IOCG deposits with resources of +100Mt Cu‐Au,
including six >300Mt for +4.0Bt of Cu‐Au
Includes Vale's giant Salobo Mine*:
‒ Reserves of 1.2Bt @ 0.61% Cu, 0.3g/t Au
Produced ~195kt Cu and ~346koz Au in 2017
Also hosts the largest high‐grade iron ore deposits
on the planet, plus multiple large nickel deposits
CTM holds + 250km2 tenement portfolio located
within the world‐class Carajás Mineral Province
Includes Itapitanga Ni‐Co Project, the Salobo
West Cu‐Au Project and the Pebas Cu‐Au Project
Vale planning to roll out "Mini Mines" partnership
model in base metals in the Carajás
* Vale data sourced from 'Vale Production in 4Q16' Report and its 20‐F Annual Report 2016
The Carajás contains one of the world's largest known concentrations of large‐tonnage mineral deposits