Total
0
Shares
Centaurs Metals (ASX:CTM) - Executive Director, Bruno Scarpelli (middle)
Executive Director, Bruno Scarpelli (middle)
Source: Centaurus Metals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Centaurus Metals (CTM) is one step closer to developing the Jaguar Nickel Project in Northern Brazil after lodging an updated mining lease
  • The previous mining lease was lodged back in 2013 by previous owner Vale, with the updated document covering the revised mining and processing activities for Jaguar
  • Under Centaurus’ vision, Jaguar will feature open pit and underground operations to supply 2.7 million tonnes of ore per year
  • Shares in Centaurus Metals are up 2.02 per cent at $1.01 each

Centaurus Metals (CTM) is one step closer to developing its flagship Jaguar Nickel Project in Northern Brazil after lodging an updated mining lease.

The previous mining lease for Jaguar had been lodged with the National Mining Agency (NMA) back in 2013 by previous owner Vale.

Centaurus’ new submission to the NMA covers the revision of the scale and scope of the mining and processing activities based on the Jaguar Nickel Sulphate Project.

The business wants open pit and underground operations to supply 2.7 million tonnes of ore per year to a nickel sulphide flotation plant and hydro-metallurgical circuit.

The plant and associated circuit would then produce roughly 20,000 tonnes per annum of nickel in sulphate as well as by-products.

Centaurus’ Managing Director Darren Gordon said lodging the updated mining lease with the NMA was a milestone moment for the company.

“Lodging the PAE brings us one step closer to production at Jaguar,” Mr Gordon said.

“With Brazil having a well-established mining regulation system and a clear road map to mining, we look forward to getting the updated Mining Lease Application approved in a timely manner so we can continue to advance the development and construction of the project.

“Importantly, the Brazilian Government announced in June this year that nickel is a key part of its strategic minerals policy and of high importance for the transition to electrification.”

Centaurus Metals was up 2.02 per cent to $1.01 per share at 12:32 pm AEDT.


CTM by the numbers
More From The Market Herald

" Gladiator Resources (ASX:GLA) begins exploration at Minjingu

Zeus Resources, a wholly-owned subsidiary of Gladiator Resources’ (GLA), has begun exploration activities at the Minjingu Uranium Project.
Mineral Commodities (ASX:MRC) - CEO, Jacob Deysel

" Mineral Commodities (ASX:MRC) updates MRE at Tormin Inland Strands

Mineral Commodities (MRC) has updated the mineral resource estimate (MRE) for the Western Strandline at the Tormin Inland Strands deposit in South Africa.

" Austin Engineering (ASX:ANG) signs contract with Rio Tinto (ASX:RIO)

Austin Engineering (ANG) has signed a five-year mining products and services supply contract with Rio Tinto (RIO).
Dundas Minerals (ASX:DUN) - Managing Director, Shane Volk

" Dundas Minerals (ASX:DUN) to begin WA drilling program

Dundas Minerals (DUN) will begin its maiden drilling program at the Jumbuck nickel and Kokoda gold prospects this coming weekend.