- 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.