- Centaurus Metals (CTM) says work is accelerating at its Jaguar nickel sulphide project in Brazil, which includes progressing its definitive feasibility study (DFS)
- A New mineral resource estimate (MRE) is on target to be delivered this month
- The company is looking into upgrading infrastructure processing capabilities at the site
- Three tonnes of PQ diamond core have been dispatched from Brazil to Australia for detailed comminution, ore sorting and hydrometallurgy test work
- Shares last traded at $1.02
Centaurus Metals (CTM) says work is accelerating at its Jaguar nickel sulphide project in Brazi as it progresses its definitive feasibility study (DFS) for the site.
According to the company, it is on target to deliver a new mineral resource estimate (MRE) this month that will underpin an update of the open-pit and underground optimisations. A suite of production profile trade-off studies will also reportedly commence in January 2022.
The current plant owned by the company has a production capacity of 2.7 megatonnes per annum, which the company believes has a material benefit if expanded in the future.
Currently, the company is focusing on an upgrade of the key access road and permitting activities, which it believes will put Jaguar in a strong position to move rapidly towards development next year.
Three tonnes of PQ diamond core have been dispatched from Brazil to Australia for detailed comminution, ore sorting and hydrometallurgy test work, with the work scheduled for completion in Q1 2022.
Centaurus Metals shares ended Tuesday’s session at $1.02.